Online Privacy Policy
How Nasi Finance collects, processes, and safeguards borrower and institutional personal data under the laws of Tanzania.
Effective Date: October 2026
1. Commitment to Personal Data Privacy
Nasi Finance Tanzania Limited ("Nasi Finance", "we", "us", or "our") is dedicated to protecting the privacy and confidentiality of personal, business, and financial data entrusted to us by loan applicants, borrowers, guarantors, and partners. This policy outlines our standards in compliance with the Personal Data Protection Act of Tanzania and relevant financial regulations.
2. Information We Collect
To appraise creditworthiness and deliver loan services, we may collect:
- Identification Information: Full name, national identity number (NIDA), TIN certificate, business permits, and passport photos.
- Contact Details: Verified phone numbers, registered physical school/business address, and email addresses.
- Financial & Operating Records: Bank statements, mobile money transaction statements, school fee collection records, and audited financial statements.
- Credit Bureau Data: Credit history reports accessed from licensed Credit Reference Bureaus (CRB).
3. How We Use Your Data
Collected information is strictly utilized to:
- Assess loan eligibility and execute automated credit scoring algorithms.
- Verify legal authority and authentic ownership of businesses and educational institutions.
- Disburse approved loan proceeds and track amortized repayments.
- Detect, prevent, and mitigate fraud and financial crimes.
- Communicate payment notifications, statements, and policy updates.
4. Sharing and Disclosure
We do not sell or rent personal information to third parties. We may disclose your information only to:
- Credit Reference Bureaus (CRB): Reporting credit performance in accordance with statutory obligations.
- Payment Gateways & Banks: Direct mobile money providers and settlement clearing institutions for fund disbursements and collections.
- Regulatory & Legal Authorities: Where mandatory by Tanzanian law, court order, or official financial regulatory directive.
5. Cookie Policy & Digital Analytics
Our website uses necessary session cookies to maintain secure sessions, remember loan calculator estimates, and optimize performance. You may modify your browser settings to reject non-essential cookies; however, certain portal features may function with reduced capability.
6. Security Measures
All applicant data transferred across our digital loan portals is encrypted utilizing TLS 1.3 encryption. Internal access to borrower records is governed by strict role-based access control and multi-factor authentication.
Questions or Data Inquiries?
Contact our designated Data Protection Officer at privacy@nasifinance.co.tz