Privacy Policy forSpendless Microcredit Cooperative

Last updated: August 14, 2024

  1. Introduction

Welcome to Spendless Microcredit Cooperative (“we”, “our”, or “us”). We are committed to protecting your personal information and your right to privacy. This privacy policy describes how we collect, use, and share your information when you use our website or mobile application (collectively, the “Services”).

  1. Information We Collect

We collect several types of information for various purposes to provide and improve our Services to you:

2.1 Personal Information

  • Contact information (such as name, email address, phone number)
  • Financial information (such as bank account details, and credit history)
  • Identification information (such as government-issued ID numbers)
  • Employment information
  • Device information (such as IP address, device type, operating system)

2.2 Non-Personal Information

  • Usage data (such as pages visited, and time spent on the app)
  • Aggregated data for analytics purposes
  1. How We Use Your Information

We use your information for purposes including:

  • Providing and maintaining our Services
  • Processing transactions and loan applications
  • Communicating with you about our Services
  • Improving our Services and developing new features
  • Complying with legal obligations
  1. How We Share Your Information

We may share your information with:

  • Service providers who assist us in operating our business
  • Regulatory authorities and law enforcement agencies when required by law
  • Financial partners for processing transactions
  • With your consent, to other third parties

We do not sell your personal information.

  1. Data Security

We implement appropriate technical and organizational measures to protect your personal information. However, no method of transmission over the Internet or electronic storage is 100% secure.

  1. Your Rights

Depending on your location, you may have certain rights regarding your personal information, including:

  • Right to access and receive a copy of your data
  • Right to rectify or update your data
  • Right to delete your data
  • Right to restrict processing
  • Right to data portability
  • Right to object to processing

To exercise these rights, please contact us using the information provided in Section 10.

  1. Data Retention

We retain your personal information for as long as necessary to fulfil the purposes outlined in this privacy policy unless a longer retention period is required or permitted by law.

  1. Children’s Privacy

Our Services are not intended for children under the age of 13. We do not knowingly collect personal information from children under 13. If you are a parent or guardian and believe your child has provided us with personal information, please contact us.

  1. Changes to This Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the “Last updated” date.

  1. Contact Us

If you have any questions about this Privacy Policy, please contact us at: Spendless Microcredit CooperativeAddress: 34. Niger Close/Cameroon Street Umuahia Email: info@spendlessmicrocredit.comPhone: 08161117822

  1. Data Collection& Handling

11.1 Data Collection and Use

We only collect and use data for purposes that are disclosed in this Privacy Policy. We do not use your data for undisclosed, unimplemented, or disallowed features.

11.2 Data Handling

We handle all personal and sensitive user data securely, including transmitting it using modern cryptography (for example, over HTTPS).

11.3 Prominent Disclosure

If our app collects and transmits personal or sensitive user data unrelated to functionality described prominently in the app’s listing on Google Play or in the app interface, we provide a prominent disclosure and obtain the user’s consent.

11.4 Limited Use

We only use advertising ID for purposes of advertising and user analytics. We do not associate advertising ID with any persistent device identifiers without explicit consent.

11.5 Data Deletion

We provide a clear and straightforward process for users to request deletion of their data.

By using our Services, you agree to the collection and use of information in accordance with this policy.