This Privacy Policy explains how Sarufi Technlogies Limited ("we", "us", or "our") collects, uses, and shares your personal information when you use our Services. By using our Services, you agree to the collection and use of information in accordance with this policy.
A. Information We Collect
We may collect, request or obtain information about you directly or through third parties. We collect the following types or information:
- Names
- Date of Birth
- Gender
- Identity Number
- School attended
- Financial Statements
- Credit Rating Information
- School Fees Repayment Information
B. Tracking and cookies
We or our marketing partners or analytics provider may use mobile tracking technologies and/or website cookies to distinguish you from other users of the App, App Site, or Service Sites. This helps us to provide you with a good experience when you use the App or browse any of the Service Sites and also allows us to improve the App and Our Service Sites.
C. Purpose of Data Collection
The Information we collect from you or from Third Party Partners are used and processed for (a) Contractual purposes and (b) Legitimate interests
(a) Contractual purposes:
- Assessing if you are eligible for School fees financing.
- Confirming school fees payment history with the school.
- Communicating with you regarding our Services.
- Collection of loans and any amount outstanding from you.
(b) Legitimate interests:
- Improving our Service to you;
- Improving our business processes and policies.
D. Consent
By applying for school fees financing through our Services, you consent to the collection, use, and sharing of your personal information as outlined in this Privacy Policy. Your consent is obtained during the application process.
E. Disclosure of your Information
We may share your personal information with the following third parties:
- Financial analytical service providers to evaluate your financial standing.
- Credit reporting bureaus for the purpose of determining and reporting your creditworthiness.
These third parties are essential to our ability to provide you with financial services, and they are required to keep your information confidential and use it only for the purposes for which it was shared.
F. Data Security
We assure you that we will protect your Information in our possession. We confirm that the security measures in place both in Kenya and the Foreign Recipients are more than adequate to protect your Information. We confirm that we take appropriate physical, management, and technical measures, such as the establishment of the access control system and monitoring system, encryption, anonymisation or pseudonymisation, employee training, threat intelligence monitoring, firewalls, etc. to protect your Information against unauthorized access, use, disclosure, modification, damage, loss, or other forms of illegal processing.
Our information security policies and procedures are designed in strict accordance with international standards, and are reviewed and updated regularly. We implement and maintain appropriate safeguards to protect Information, taking into account in particular the risks to you, presented by unauthorised or unlawful processing or accidental loss, destruction of, or damage to their personal data.
We require the same level of security to be maintained by our Third Party Providers.
G. Updates to this policy
We may update this Privacy Policy from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. Any changes to this policy will be posted on our website, and we encourage you to review the policy periodically.