KShs 11,000.00
A convertible loan allows an investor to convert a loan it has made to the company into equity, which means shares in the company on pre-agreed terms and usually, but not always, at a discount.
A convertible loan apart from that is very much like any other normal commercial loan although sometimes interest can be deferred until a particular milestone is reached by the company, at a point where they are more comfortable with paying it, practice here does vary.
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