When you are granted a loan, make sure to observe the following: (a) the right amount was given to you by the licensed moneylender, (b) you need to pay on time and avoid late interest and fee, (c) always secure a receipt each time you made a repayment - ensure the correctness of your name, amount and date, (d) Every January and July, make sure that you will receive a copy of your loans’ statement of account, and (f) keep safely the copy of all your statement of account and receipt, it will serve as a proof of all your payments.