Privacy Policy
Privacy Policy
Effective Date: 24.03.2024
Paraf Foundation (“we,” “us,” “our”) is a registered company under Section 8 of the Companies Act, dedicated to empowering rural women through microfinance solutions. We operate a microfinance company that provides low-cost group loans, particularly to women in rural areas. This privacy policy outlines how we collect, use, and protect your personal information.
We may collect the following types of personal and financial information:
Full name, address, age, and gender
Government-issued identification (such as Aadhaar or PAN)
Contact information including phone number and email address
Bank account and income details
Group loan application data (including group member details)
Credit history or loan repayment information
We collect your data to:
Verify your identity and eligibility for loans
Create and manage group loans (minimum group size: 10 persons)
Disburse loans and track repayments
Comply with legal and regulatory requirements
Improve our services and maintain security
Paraf Foundation offers group loans at a very low-interest rate of 1.04% per month, aimed at enhancing the financial independence of rural women. Each group must consist of a minimum of 10 members to qualify for the loan scheme.
We do not sell or rent your personal information to third parties. However, we may share data with:
Authorized financial partners and institutions for processing transactions
Government authorities, if required by law
Service providers who help us operate our business (under strict confidentiality agreements)
We implement reasonable physical, electronic, and administrative measures to safeguard your personal data. Access to your data is limited to authorized personnel only.
You have the right to:
Access the personal information we hold about you
Request correction of any inaccurate information
Withdraw consent (subject to legal obligations)
File a complaint regarding misuse of your information
We may update this policy from time to time. Any significant changes will be notified via our website or directly to you, where appropriate.
If you have any questions or concerns about this privacy policy or how your data is handled, please contact us at:
Paraf Foundation
Email: admin@paraffoundation.in
