[Resolved]  Mpokket — Loan Settlement Request Due to Financial Hardship

Dear,

I trust this communication finds you in good health and spirits. My name is Manoj Kumar, and I am reaching out to address a pressing matter regarding the loan I have secured through your esteemed institution. Specifically, I am requesting a one-time settlement arrangement in light of extenuating circumstances that have significantly impacted my ability to meet the terms of our agreement.

As a borrower with mpokket, I availed a loan amounting to INR 10, 000. However, unforeseen challenges have beset my entrepreneurial endeavor since its inception on June 24th, 2021. Despite my unwavering dedication and diligent efforts, my company has encountered considerable setbacks, leading to financial instability.

The departure of several key partners has compounded the financial strain on my business, further exacerbating an already delicate situation. Additionally, due to financial constraints, I have regrettably fallen short in fulfilling the necessary compliance requirements for my company.

While I acknowledge the importance of fulfilling my financial obligations, the current circumstances necessitate a renegotiation of the terms of our agreement. I am fully committed to repaying the principal amount of INR 10, 000; however, I find mysel[censored]nable to meet the accrued interest payments.

In light of these challenges, I am proposing a one-time settlement agreement wherein I repay the principal sum of INR 10, 000. I humbly request a grace period of six months to facilitate the repayment process, with the aim of completing the settlement by the end of August.

I approach you with sincerity and transparency, earnestly seeking your understanding and cooperation during this difficult period. I am prepared to provide any documentation or evidence necessary to substantiate my current financial predicament.

Your empathy and consideration in this matter would be greatly appreciated. I eagerly await your response and remain hopeful for a mutually beneficial resolution.

Thank you for your attention to this request.

Warm regards,