Microloan agreement
It's the contract for a low-amount loan, typical of financing for entrepreneurs, microbusinesses and small businesses. It works like a loan, with an amount, installments and interest, but for small, quick transactions. It's authenticated before a notary and respects legal limits.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- For entrepreneurs and small businesses receiving a loan who want clear terms
- For anyone who grants microloans and needs a solid contract
- For microfinance institutions, credit unions and lenders who serve entrepreneurs, through our Financial Partners volume agreement
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Review of the microloan terms.
- Drafting of the contract with amount, installments, term, payment method and interest within legal limits.
- Coordination of the notary appointment.
- Support during the notarial authentication of the signatures.
Does not include
- Setting up guarantees; if the microloan needs backing, see the Secured loan agreement.
- Collection work if there's a default, which is a separate service.
- The official notary fee, which is paid separately and varies with the number of pages.
Add to your procedure
Check it and we include it in your quote. You decide at the end.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 5.
- Details of the lender and the borrower, cédula (Venezuelan national ID card) or RIF (Venezuelan tax ID)
- The amount of the microloan
- The term and the installment schedule
- And the agreed interest, within legal limits
- The parties sign in person before the notary
How the process works
You do very little. We take care of the rest. The whole process: on average, 2 to 3 business days.
- Step 1
Give us the terms
You give us the terms of the microloan.
You do this - Step 2
We draft it
We prepare a clear contract, with installments and interest within the law.
We do this - Step 3
You sign
We book the appointment, confirm the cost, and the parties sign before the notary.
You do this - Result
Done
We hand you the authenticated contract, with its fecha cierta.
You receive it
We draft the contract with the amount, installments and interest within the law, the parties review it and we coordinate the signing before the notary, a public official.
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The official notary fee. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment has two parts, and we tell you about each one separately. Our base professional fee, from $45, to draft the contract and handle its authentication; if you grant microloans regularly, our Financial Partners agreement applies, with a preferred rate based on your volume
The official notary fee, which varies with the number of pages. Official amounts are paid in bolívares Your lawyer gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I lend a small amount of money without paperwork?
It gets lost just like a large amount. Small amounts are exactly the ones nobody claims because there's no way to prove them; the contract is what makes the microloan collectible.
Does a microloan need a contract?
Yes. Being small doesn't make it any easier to collect without paperwork.
How much does it cost?
The professional fee, from $45, covers drafting and authentication; the notary fee is separate.
Is there a limit on interest?
Yes, just like any loan; usury is a crime.
Does it work for my business?
Yes, it's designed for small businesses.
Do I need a guarantee?
No, a microloan doesn't include one; if you want one, see the Secured loan agreement.
Do you have an agreement for microfinance institutions?
Yes, Financial Partners.
About this procedure
A microloan is a low-amount loan aimed at entrepreneurs, microbusinesses and small businesses that need working capital or a one-time boost, and that often can't get access to traditional banking. Legally, it works as a loan (mutuo), but with its own features: small amounts, short terms, frequent installment payments and a fast process. Being small doesn't mean it can be done any old way: a microloan without a clear contract is just as hard to collect as any other loan, and the interest is still subject to legal limits, because usury is a crime no matter the size of the loan. We draft it clearly and simply, with the amount, installments, term, payment method and interest within the law, and authenticate it before the notary to give it a fecha cierta and backing. This product is especially useful for those in the microfinance business, who make many small transactions: microfinance institutions, credit unions and lenders who serve entrepreneurs. For them, every one-off contract is friction; that's why we offer our Financial Partners agreement, with a preferred volume rate and fast contracts.
Legal framework and important notes
Ley de Registros y Notarías (Registries and Notaries Law) · Código Civil (Civil Code)
- Don't underestimate a microloan because it's small. Without a clear contract, it's just as uncollectible, and interest limits apply all the same, since usury is a crime whether the loan is large or small
- That's why we draft it within the law and with well-defined installments
- And if your business is microfinance, ask about Financial Partners, with fast contracts in volume
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.