1. General Investment Risk

Investing in the Shopika Growth Note involves various risks, including the possibility of losing some or all of your invested capital. The value of investments can fluctuate, and past performance is not indicative of future results.

2. Specific Risks

2.1. Business Risk

Your investment returns are dependent on the performance of Shopika Enterprise Ltd. Factors that may affect business performance include:

• Market competition and industry changes
• Economic conditions in Kenya
• Management decisions and operational efficiency
• Technological changes and disruptions
• Regulatory changes affecting the retail sector

2.2. Liquidity Risk

The Shopika Growth Note has a fixed term of 12 months. During this period:

• You cannot withdraw your investment before maturity
• There is no secondary market for your investment
• Early withdrawal requests are subject to our discretion and may incur penalties

2.3. Interest Rate Risk

While the Shopika Growth Note offers a fixed interest rate of 8% per annum, changes in market interest rates may affect:

• The relative attractiveness of your investment
• The company's cost of capital and profitability

2.4. Inflation Risk

Inflation may erode the purchasing power of your investment returns. If inflation exceeds your investment returns, the real value of your investment may decrease.

2.5. Currency Risk

While investments are denominated in Kenyan Shillings, currency fluctuations may affect:

• The cost of imported goods and services
• The company's operational costs
• The relative value of your investment

2.6. Regulatory Risk

Changes in laws, regulations, or government policies may affect:

• The company's operations and profitability
• The tax treatment of your investment
• The legal framework for investment products

3. No Guarantee of Returns

While we aim to provide the stated returns, please note that:

• Returns are not guaranteed or insured
• The 8% annual interest is subject to business performance
• There is no capital protection guarantee
• We are not a bank and investments are not covered by the Kenya Deposit Insurance Corporation

4. Technology and Security Risks

While we implement security measures, investing online involves certain risks:

• System failures or technical issues
• Cybersecurity threats and hacking attempts
• Unauthorized access to your account
• Interruptions in service availability

5. Suitability of Investment

The Shopika Growth Note may not be suitable for all investors. Before investing, consider whether this investment aligns with:

• Your financial goals and objectives
• Your risk tolerance
• Your investment time horizon
• Your overall financial situation

6. No Financial Advice

We provide information about our investment products but do not offer financial advice. The decision to invest is yours alone. We recommend:

• Seeking independent financial advice if needed
• Diversifying your investments
• Only investing money you can afford to lose
• Understanding all the risks before investing

7. Acknowledgement of Risks

By investing through our platform, you acknowledge that:

• You have read and understood this Risk Disclosure Statement
• You are aware of the risks involved in investing
• You are solely responsible for your investment decisions
• You have considered your personal financial circumstances
• You accept that investments may fluctuate in value and returns are not guaranteed

8. Changes to Risk Factors

The risk factors associated with investing may change over time. We will update this Risk Disclosure Statement as necessary to reflect material changes. It is your responsibility to review this statement periodically.

9. Contact for Questions

If you have questions about the risks associated with investing in the Shopika Growth Note, please contact us before making an investment:

Shopika Enterprise Ltd

D&D House, 6th Floor, West Road, Nakuru

Email: info@shopika.com

Phone: +254 712 095 031