Terms & Conditions
Please read these terms carefully before using our services. They outline your rights and obligations as a member of the Beacon of Hope Cooperative.
1Introduction
Welcome to Beacon of Hope Cooperative ('we', 'our', 'us'). By accessing or using our website and mobile application, you agree to be bound by these Terms and Conditions. If you do not agree with any part of these terms, you must not use our services.
2Eligibility
To use our services, you must be at least 18 years old and a resident of Nigeria. You must strictly provide accurate, complete, and up-to-date information during registration. impersonation or use of false information is a violation of these terms.
3Account Security
You are responsible for maintaining the confidentiality of your account credentials, including your password and PIN. You agree to notify us immediately of any unauthorized use of your account. We are not liable for any loss resulting from your failure to protect your login information.
4Savings and Deposits
Funds deposited into your Beacon of Hope savings account are managed in accordance with cooperative laws. Interest rates and withdrawal limits are subject to specific plan terms which are displayed at the time of subscription.
5Loan Agreements
Loans are subject to credit checks and approval. Repayment terms, interest rates, and fees will be clearly communicated before loan disbursement. Failure to repay on time may result in penalties and reporting to credit bureaus.
6Prohibited Activities
You agree not to use the platform for money laundering, fraud, financing terrorism, or any illegal activity. We reserve the right to suspend or terminate accounts suspected of such activities without prior notice.
7Privacy Policy
Your privacy is paramount. We collect and process your personal data in accordance with our Privacy Policy and applicable data protection laws in Nigeria. We do not sell your data to third parties.
8Limitation of Liability
To the fullest extent permitted by law, Beacon of Hope Cooperative shall not be liable for any indirect, incidental, special, or consequential damages arising out of or in connection with your use of our services.
9Modifications
We verify these terms periodically. Continued use of the platform constitutes agreement to any updated terms. We will notify users of significant changes via email or platform notifications.
By creating an account, you acknowledge that you have read and understood these terms.