Terms and Conditions of Service forSpendless Microcredit Cooperative

Last Updated:  August 14, 2024

  1. Introduction

Welcome to Spendless Microcredit Cooperative (“we,””our,” or “us”). These Terms and Conditions of Service (“Terms”) govern your access to and use of our website and mobile application (collectively, the “Services”). Please read these Terms carefully before using our Services.

  1. Acceptance of Terms

By accessing or using our Services, you agree to be bound by these Terms. If you disagree with any part of the Terms, you may not have access to the Services.

  1. Eligibility

You must be at least 18 years old and capable of forming a binding contract to use our Services. By using our Services, you represent and warrant that you meet these eligibility requirements.

  1. Account Registration

4.1. To access certain features of our Services, you may be required to register for an account. You agree to provide accurate, current, and complete information during the registration process.

4.2. You are responsible for maintaining the confidentiality of your account and password and for restricting access to your account. You agree to accept responsibility for all activities that occur under your account.

  1. Services Description

5.1. Spendless Microcredit Cooperative provides financial services including, but not limited to, micro-loans, savings accounts, and financial advice through our website and mobile application.

5.2. We reserve the right to modify, suspend, or discontinue any part of our Services at any time without notice.

  1. User Conduct

You agree not to:

6.1. Use our Services for any illegal purpose or in violation of any local, state, national, or international law.

6.2. Interfere with or disrupt the integrity or performance of the Services or related systems.

6.3. Attempt to gain unauthorized access to the Services or its related systems or networks.

6.4. Impersonate any person or entity or falsely state or misrepresent your affiliation with a person or entity.

6.5. Use our Services to transmit any viruses, malware, or other malicious code.

  1. Intellectual Property

7.1. The Services and their original content, features, and functionality are owned by Spendless Microcredit Cooperative and are protected by international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.

7.2. You may not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our Services without our prior written consent.

  1. Third-Party Links

Our Services may contain links to third-party websites or services that are not owned or controlled by Spendless Microcredit Cooperative. We have no control over and assume no responsibility for the content, privacy policies, or practices of any third-party websites or services.

  1. Disclaimer of Warranties

9.1. Our Services are provided on an “AS IS” and “AS AVAILABLE” basis. Spendless Microcredit Cooperative makes no warranties, expressed or implied, and hereby disclaims all warranties, including without limitation, implied warranties of merchantability, fitness for a particular purpose, non-infringement, or course of performance.

9.2. We do not warrant that a) the Services will function uninterrupted, secure, or available at any particular time or location; b) any errors or defects will be corrected; c) the Services are free of viruses or other harmful components; or d) the results of using the Services will meet your requirements.

  1. Limitation of Liability

In no event shall Spendless Microcredit Cooperative, nor its directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from your access to or use of or inability to access or use the Services.

  1. Indemnification

You agree to defend, indemnify, and hold harmless Spendless Microcredit Cooperativeand its licensees and licensors, and their employees, contractors, agents, officers, and directors, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney’s fees), resulting from or arising out of a) your use and access of the Services, or b) a breach of these Terms.

  1. Governing Law

These Terms shall be governed and construed in accordance with the laws of Nigeria, without regard to its conflict of law provisions.

  1. Changes to Terms

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. We will provide notice of any significant changes by posting the new Terms on this page. Your continued use of the Services after any such changes constitutes your acceptance of the new Terms.

  1. Termination

14.1. We may terminate or suspend your account and bar access to the Services immediately, without prior notice or liability, under our sole discretion, for any reason whatsoever, including without limitation if you breach the Terms.

14.2. Upon termination, your right to use the Services will immediately cease.

  1. Contact Us

If you have any questions about these Terms, please contact us at:Spendless Microcredit CooperativeAddress:34. Niger Close/Cameroon Street UmuahiaEmail: info@spendlessmicrocredit.comPhone: 08161117822

By using our Services, you acknowledge that you have read and understood these Terms and agree to be bound by them.