Privacy Policy

PRIVACY POLICY

1. INTRODUCTION

BV Capital Ltd. ("BV Capital", "we", "us", or "our") respects your privacy and is committed to protecting your personal data. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you visit our website, use our mobile application, or apply for our credit facilities.

This policy strictly complies with the Nigeria Data Protection Regulation (NDPR) and the Nigeria Data Protection Act (NDPA) 2023. By accessing our platforms or applying for a loan, you consent to the data practices described in this policy.

2. INFORMATION WE COLLECT

To provide you with secure and responsible lending services, we collect the following categories of information:

• Personal Identification Information: Full name, Date of Birth, Gender, Residential Address, Email Address, and Phone Number.

• Regulatory & KYC Data: Bank Verification Number (BVN), National Identification Number (NIN), and copies of government-issued IDs (Passport, Driver’s License).

• Financial Information: Bank account details, bank statements, employment details, financial statements/income history, and payment card details (processed securely via NDPR-compliant third-party gateways like Paystack or Monnify).

• Device & Technical Data (App/Website): IP address, device type, operating system, and geolocation data (to prevent fraud and verify your location within Nigeria).

3. HOW WE USE YOUR DATA

We process your personal data strictly for lawful purposes, including:

• Identity Verification: To verify your identity and conduct Know Your Customer (KYC) checks as mandated by regulation.

• Credit Underwriting: To assess your creditworthiness, calculate your Debt Service Coverage Ratio (DSCR), and make informed lending decisions.

• Loan Administration: To disburse funds, process repayments, and manage your account.

• Debt Recovery: To contact you regarding upcoming or overdue payments, strictly in accordance with FCCPC fair debt collection guidelines.

• Fraud Prevention: To detect and prevent fraudulent activities, money laundering, and other unauthorized uses of our services.

4. DATA SHARING AND DISCLOSURE

We do not sell, rent, or trade your personal data. However, to operate legally and efficiently, we may share your data with:

• Credit Bureaus: We are legally required to report your loan application, approval, repayment history, and any defaults to licensed Nigerian Credit Bureaus (e.g., CRC Credit Bureau, FirstCentral).

• Service Providers: Trusted third-party vendors who assist us with payment processing, SMS delivery, and cloud hosting (e.g., AWS, Paystack). These partners are bound by strict data processing agreements.

• Regulatory & Law Enforcement Authorities: We will disclose your data to the FCCPC, CBN, NDPC, EFCC, or a court of law if compelled by a legal mandate or to report financial crimes.

5. DATA SECURITY & RETENTION

• Security: We implement robust, industry-standard technical and organizational measures (including AES encryption and secure firewalls) to protect your data from unauthorized access, alteration, or disclosure.

• Retention: As a regulated lending institution, we are required by Nigerian law to retain your financial and KYC records for a minimum of five (5) years after the closure of your account or the final repayment of your loan. After this period, your data will be securely deleted or anonymized.

6. YOUR RIGHTS UNDER THE NDPR

Under Nigerian data protection laws, you possess the following rights regarding your personal data:

• Right to Access: You can request a copy of the personal data we hold about you.

• Right to Rectification: You can request that we correct any inaccurate or incomplete data.

• Right to Erasure (Right to be Forgotten): You can request the deletion of your data, subject to our legal obligation to retain financial records for 5 years.

• Right to Restrict Processing: You can ask us to pause the processing of your data under specific circumstances.

• Right to Complain: You have the right to lodge a complaint directly with the Nigeria Data Protection Commission (NDPC) if you believe we have mishandled your data.

7. CONTACT US

If you have any questions about this Privacy Policy, wish to exercise your data rights, or need to contact our Data Protection Officer (DPO), please reach out to us at:

• Data Protection Officer: "The DPO"

• Email: operations@beeveegrp.com

• Physical Address: 4th Flr., Churchgate Plaza, Constitution Avenue, CBD, Abuja, Nigeria.

• Phone: 0906-279-6127