Overview

Welcome to Cedar Microfinance Bank’s Privacy Policy, outlining how we handle and protect your personal information. As a responsible financial institution, we are committed to complying with data protection regulations and ensuring the security of your data.

Lawful Reasons for Collecting Personal Data by Cedar Microfinance Bank:

• The Consent of the Data Subject.
• Offer of Microfinance and allied services to the Data Subject.
• Offer of employment to the Data Subject.
• Performance of Contract.
• Compliance with Legal obligations.
• Necessary to protect the vital interests of a person in line with Data Privacy regulations.
• Necessary for the performance of a task carried out in the public interest.
• In the legitimate interests of Cedar Microfinance Bank (except where those interests are overridden by the interests or rights and freedoms of the data subject).

Collection of Personal Information:

• Cedar Microfinance Bank, headquartered at 91, Itire Road, Surulere, Lagos, with is dedicated to complying with data protection regulations.
• Your basic personal data, including Name, Address, Nationality, Email, Phone number, ID Number, Bank Verification Number (BVN), and other mandated information, may be collected as required by regulatory requirements.

Why do we need it:

• We require your basic personal data to provide you with microfinance services based on regulatory requirements and our Data Privacy Framework/Policy.

What do we do with it:

• We collect, store, and process your personal data to enable you to obtain microfinance services. Your consent is vital to make these services available to you in accordance with the law/regulation.

How long do we keep it:

• We will retain your personal data for ten (7) years or as required by regulation, disposing of it as mandated by Government laws and Microfinance regulations.

Use or Sharing of Personal Data:

• Personal data collected may be processed at our facilities or subsidiaries and shared with third parties and service providers, adhering to data protection laws.

Data Security:

• Security is our top priority. We implement physical, electronic, and managerial measures to safeguard your personal data.

Remedies for personal data violation:

• In case of a personal data violation, contact our Data Protection Officer at info@cedarmfbank.com.ng for resolution.

Data Retention:

• Personal data is retained for ten (7) years or as per regulatory requirements, even after your microfinance relationship ends.

Your obligations:

• When sharing personal data of third parties, you are responsible for obtaining their written consent for processing and transfer.

Changes to Privacy Policy:

• We reserve the right to make changes to our Privacy Policy, with updates available on our website.

Privacy Contact Information:

• For inquiries or concerns, contact our Data Protection Office:
  • Email: info@cedarmfbank.com.ng
  • Phone: +234 7035862103
  • 91, Itire Road, Surulere, Lagos.