The Plaintiff bank brought this action inter alia to recover Tshs. 25,660,059.27 and USD 226, 461.55 from the Defendants interest thereon and costs being the outstanding amount on account of credit facilities extended to the 1st defendant and guaranteed by the 2nd and 3rd Defendants. The evidence of included the Asset Financing Facility (Offer of banking facility), an offer letter issued after the loan was restructured, an offer letter of Tshs. 148,000,000/=, an offer letter for Invoice Discounting Facility for addition of Tshs. 107,000,000/= the Personal Guarantee Agreements, and the demand notice satisfy that on the evidence adduced and in absence of any evidence to the contrary the Defendants breached the terms of the loan facilities letters which were granted to them.

