Plaintiff’s case:
It’s the plaintiff’s case that on the 25th July, 2023, the defendant by virtue of being a member of the plaintiff association obtained a loan of UGX. 550,000/= payable in an “short” period of time with interest at the rate of 10% per month. That eversince the defendant received the said money, she has defaulted on repayment and she was in arrears of 15months interest worth UGX. 825,000/= at the time of filing the suit.
Defendant’s case:
The defendant admitted that he had borrowed money from the plaintiff totaling UGX. 500,000/= for a period of 2 months at an interest rate of 10% and had so far paid back UGX. 150,000/= reducing his debt to UGX 450,000/= which he was willing to pay.
The plaintiff called 4 witnesses while the defendant called None. After closure of the plaintiff’s case, the defendant was granted several adjournments and still failed to file a defence nor call witnesses.
Issues:
1. Whether the plaintiff is entitled to the remedies sought?
2. What remedies?
FULL JUDGEMENT
Download Here: OLOK UNITED SAVINGS VS OKUNI JOSEPH-(Recovery of principal and interest unpaid)pp