PRIVACY POLICY
USERS ARE URGED TO CAREFULLY REVIEW THIS PRIVACY POLICY. BY SELECTING BUTTONS SUCH AS “REGISTER”, “I ACCEPT ProV Peso'S PRIVACY POLICY”, “I CONSENT TO THE GATHERING, UTILIZATION, DISCLOSURE, PRESERVATION, TRANSMISSION, AND/OR HANDLING OF MY PERSONAL INFORMATION AS SPECIFIED BY AND IN ACCORDANCE WITH THE STIPULATIONS OF ProV Peso'S PRIVACY POLICY” OR SIMILAR DECLARATIONS SHOWN ON THE ProV Peso ENROLLMENT PAGE OR WHILE PROVIDING YOU WITH THE SERVICES OR GAINING ACCESS TO THE ASSOCIATED PLATFORM, YOU CONFIRM THAT YOU HAVE PERUSED AND COMPREHENDED THIS PRIVACY POLICY'S CONDITIONS AND THAT YOU ACCEPT AND GIVE PERMISSION FOR THE MANAGEMENT OF YOUR PRIVATE DATA AS DETAILED HEREIN.
1. What information does ProV Peso gather and manage?
1. Identification details like your full name and date of birth;
2. Information from your loan request, including your earnings, job status, intended loan purpose, and mobile equipment details;
3. Ways to contact you, such as home address, telephone number, and email;
4. Specific borrower data, including SSS, employment specifics, contacts, emergency contacts, and more;
5. Details about your mobile gadget, like its unique ID, system type, OS, configurations, user account details, mobile carrier name and network info, as well as specifications like screen dimensions and resolution;
6. Location specifics from sources like your mobile's GPS, IP address, device specifics, and other related data (collectively known as your "Info");
7. ProV Peso obtains your Info through methods like:
8. When you install the ProV Peso application or express an interest in a loan;
9. Your interactions with us in different capacities, encompassing voluntary sharing of Info with our support staff or loan processing agents at ProV Peso;
10. Credit verification entities who might compare your Info with other accessible resources, both public and proprietary, or agencies focused on preventing fraud;
11. ProV Peso's gathering and managing of your Info is essential to avail their offerings or to adhere to certain legal standards and regulations. In any other scenario, your Info is never collected without your explicit prior agreement.
2. How does ProV Peso use and handle your Data? Why is your Data processed?
• For evaluating if you qualify for our offerings, such as gauging your credit status, verifying if you can financially manage a requested service, or determining your fit for additional perks of a present service;
• To manage the loan you’ve taken with ProV Peso, encompassing transaction handling, disbursing the loan amount, and ensuring loan repayment;
• To confirm your identity and cross-check the information you’ve shared;
• To identify, counter, and guard against fraudulent actions, illicit financial activities, and unauthorized use of our services;
• To refine and enhance our offerings;
• To address any issues or challenges you or other users might face with our services;
• To abide by relevant laws and standards, like those focused on “customer identification” and countering money laundering;
• Assuming you’ve not declined marketing communications upon notification, to forward you marketing messages, ads, or special deals;
• To keep you updated about our services;
• To collaborate with entities checking credit or those working against fraud;
• To offer customer care and assistance;
• To reach out to you through automated or pre-recorded voice calls or SMS, as agreed upon and detailed in our Privacy Policy.
We handle your Data based on these justifications:
• Stemming from our genuine interest in: (1) offering you financial or tech products/services, (2) business operation, (3) marketing our offerings to you and others, and (4) maintaining and updating our system and records;
• In line with our commitments to you, based on agreements or contracts formed between us, ensuring we fulfill our part and act on any initial steps you requested before formalizing a contract;
• Upon receiving your explicit agreement.
3. Who has access to your Data?
The Borrower gives permission for the Lender and its associates to use the provided information for continuous credit checks, both during and after the loan's duration. Additionally, the Borrower permits the Lender to utilize this information to assess the Borrower's suitability for subsequent loans or other financial/consumer services, whether offered by the Lender or other entities.
ProV Peso won't reveal Information recognized as personal data (under relevant laws) to third parties, except when essential to deliver our services. However, we might share minimal personal data (as defined by law) with specific partners for R&D purposes. Whenever feasible, ProV Peso will distribute your Data with third parties in a non-identifiable manner.
You consent that, when needed or suitable based on section 2, we can share your Data with:
• Members, third-party workers, agents, or affiliates of ProV Peso Group (including its leadership);
• Mediator banks, financial entities, clearing institutions, market participants, tax withholding entities, certified e-wallet providers, and credit referencing agencies;
• Firms having contractual bonds with ProV Peso, like those aiding in transaction management, fraud detection, or data cloud services;
• External agencies aiding in recovering our dues;
• Taxation bodies;
• Entities involved in ProV Peso’s mergers, acquisitions, or major asset transactions;
• Other entities, if (1) there's a legal mandate for disclosure, (2) to uphold our agreements with you, or (3) for safeguarding the rights or safety of ProV Peso and its stakeholders.
These entities might process or disseminate your Data for reasons mentioned in section 2, in alignment with this Privacy Policy.
Moreover, ProV Peso may disclose your Data to legal or governmental bodies upon receiving official requests or when genuinely believing it's needed to obey the law, avert potential threats or losses, report potential illegitimate actions, or probe any breaches of our agreements.
4. What's the duration for which we keep your Data?
ProV Peso, along with any parties it transfers data to, will hold onto your Data only for the duration required to achieve the objectives mentioned in sections 2 and 10 of this Privacy Policy, followed by a reasonable period for the fulfillment of our offerings and services.
We might also preserve your Data: (i) to meet legal requirements; (ii) if permitted by the law; and (iii) to prepare for any legal defenses or proceedings.
5. Automated Processing and Profiling
We might make specific determinations concerning our offerings to you through automated methods without direct human intervention.
• Loan Approvals
When seeking a loan, automated systems determine if we should grant the loan and make other determinations about your suitability for our offerings. This approach allows for quick, individualized credit solutions, especially for customers without established credit backgrounds, prior financial information, or regular income sources.
Our credit assessment mechanisms employ advanced machine learning to evaluate your Data and gauge your credit reliability. This processing is majorly automated, with minimal human involvement. Consequently, such systems might automatically determine you unfit for a loan or a specific loan amount or period. We consistently review these credit models to confirm their fairness and precision.
• Fraud Prevention
ProV Peso also deploys automated mechanisms to identify and thwart fraudulent actions. If our fraud detection systems spot activities resembling fraudulent or money laundering behaviors, an individual might be marked as high-risk. If someone seems to be deliberately misleading about their identity or if there's a stark contrast with previous platform activities, access might be restricted or denied.
• Your Entitlements Pertaining to Automated Determinations
If you're denied a loan or deemed unsuitable for other related services due to an automated decision, you're entitled to request a human evaluation of this decision. You can request this by reaching out to us at: provpesoshop@outlook.com
6. Your Data Subject Privileges
For any inquiries or to exercise your rights, please reach out to us at provpesoshop@outlook.com
• Notification and Agreement Rights
We are obligated to furnish you details regarding our data collection practices, utilization motives, sharing partners, sources, and your data subject privileges. These details can be found in the ProV Peso App and this Privacy Policy.
• Access Privilege
You can request a copy of your personal records that we maintain. We may decline to provide certain data if doing so infringes on others' rights or if the law prohibits such disclosure.
• Correction Privilege
If you identify any inaccuracies in your data, you can request corrections. We may require you to present corroborating documentation to validate such changes.
• Erasure Privilege ("Right to be Forgotten")
You can request the deletion of your personal data if:
• You deem it redundant for us to hold onto such data;
• Restriction Privilege
You can ask us to pause the processing of your personal data if:
• You dispute its veracity;
• You consider our data processing as unauthorized.
If your data is being used based on your consent or our contractual commitments, you can ask us to provide you with a machine-readable copy or to forward it to another entity.
• Objection Privilege
You can express dissent if we utilize your data based on our legitimate interests. Refer to section 2 for how we utilize such grounds.
• Complaint Filing Privilege
You can lodge a complaint with pertinent authorities if you believe your data rights have been breached, including with the National Privacy Commission of the Philippines.
Bear in mind that there might be instances when you invoke your rights, and we might have to decline your request due to overriding legal reasons or compliance obligations.
7. Advertising and Marketing
If you no longer with to receive advertising, marketing or promotional messaging, please contact us at support@provintlph.com and we will remove you from such communication lists.
8. Consequences of not providing us with your Information
You are not required to provide us with your Information or any associated personal data (as defined under applicable) and you may withdraw your consent from the use or processing of such Information or personal data. However, if you do so, we may be unable to provide our current or future products and services to you and we reserve the right to terminate our relationship with you, as permitted under applicable law. Further, to the extent we have a legitimate interest in retaining your Information and/or associated personal data (as defined under applicable law), we may do so. For example, if you have requested that we erase your Information or associated personal data (as defined under applicable law), but you have not repaid your loan with ProV Peso, we may retain your Information or associated personal data (as defined under applicable law), in order to continue collection efforts.
9. Consent and Authorization
Upon installing the ProV Peso App, you:
• Agree to the stipulations of this Privacy Policy;
• Grant ProV Peso the right to gather, utilize, distribute, or handle your Information, which might encompass personal data, sensitive personal details, or confidential data (as classified by relevant laws), as detailed in this Privacy Policy;
• Attest that all Information shared with and to be shared with ProV Peso is accurate to your best awareness;
• Empower ProV Peso to cross-check and confirm the veracity of the data you've furnished;
• Recognize that in order to fulfill its legal responsibilities, ProV Peso might need to reveal your Information to entities like the Bangko Sentral ng Pilipinas, Anti-Money Laundering Council, credit reporting agencies, or other regulatory authorities.
10.FACIAL DATA COLLECTION AND USE AGREEMENT:
To ensure the authenticity and security of your account, our application may collect your facial information during the Know Your Customer (KYC) verification process. Please carefully read the following detailed explanation of our facial data collection and use practices.
Facial Data Collection We may collect facial information, including, but not limited to, facial characteristics and biometric data. This information is collected to verify your identity and ensure the security of your account.
Purpose of Data Use The facial information collected is used solely for KYC verification to ensure your account is authentic and secure. We undertake that these details will not be used for any other commercial purpose.
Data Sharing Your facial information will be kept strictly confidential and will not be shared with third parties unless required by law or with your explicit consent.
Data Storage All facial information will be stored securely on our servers, and the necessary technical and organizational measures will be taken to ensure the security of your data.
Data Retention Period We will retain facial information only for as long as reasonably necessary for KYC verification. Once the verification process is complete, we will take immediate steps to delete or anonymize this information.
User Rights You have the right to access, correct or delete your facial information at any time. If you have any questions or requests related to the collection and use of your information, please do not hesitate to contact our privacy team.
Finally, please note that by using our application, you agree to the processing of your facial information as described above. We promise to always adhere to the highest standards of privacy and security to protect your personal information.
If you have any questions or require further clarification, please do not hesitate to contact our privacy team. We look forward to providing you with a safe and reliable service.
11.Loan Provider Details
At ProV Peso, we partner with carefully selected loan provider to offer you a range of credit and loan services. It's important to us that you understand who these provider are.
Loan Provider Name: DIPOLOG ANGELYN LENDING CORPORATION
Address:088 Elagor & Enoy Building Ranillo Steet, Central Barangay Dipolog City, Zamboanga Del Norte, 7100 Philippines
Phone: 63 9671702957
Email: support@gururamdas.com
License and Regulatory Information:
SEC Registration NO. CS200303125
Certificate of Authority NO. 432
12. General
Should you wish to get in touch with us, please reach out at: provpesoshop@outlook.com
This Privacy Policy might undergo periodic updates to enhance and sustain our commitment to you. As of today, January 10, 2024, we recommend that you periodically check this page to stay informed about the latest version of our Privacy Policy.