In the event of a late repayment by the Issuer, Cofundr will closely monitor the situation and follow-up with the issuer with regular calls in order to collect on the repayment due. Apart from that, Cofundr will also impose a late interest charge on the outstanding amount.

In the event of a default by the Issuer, Cofundr may consider implementing a debt restructuring plan in order to aid the Issuer in fulfilling their repayment obligations (on a case-by-case basis). However, if the Issuer continues to default, fail, neglect, delay to pay or pay partially on the subsequent repayment date, Cofundr reserves its right to proceed with its default recovery measures which may include but not limited to engaging a licensed Debt Collection Agency and/or to proceed with legal proceedings to recover the outstanding amount.