The Mkopo Wako service ("Service") enables you to qualify to borrow small amounts over short periods of time (each a "Loan"). The Service is operated by SINGULARITY MICROFINANCE LIMITED. ("we", "us" or "Singularity"), subject to these Terms of Service ("Terms").
You confirm that You have read, understood, accepted and agreed with these Terms of Use and will be bound by them. If You do not agree to be bound by these Terms of Use, you may not access or use any part of the Service. These Terms of Use constitute a binding legal agreement between You, as an individual user (“You” or “Your”) and SINGULARITY MICROFINANCE LIMITED (“We”, “Us” or “Our”).

1.These Terms constitute a contract. You may not use the Service if you do not accept these Terms. By using any part of the Service, you accept these Terms. If you are under eighteen (18) years of age, you may not use the Service.

2.In order to provide you with services, you must authorize the provision of certain personal information to us, as described in our Privacy Policy. Our Privacy Policy governing the Services is appended to and incorporated into these terms ("Privacy Policy"). By accepting these terms and using the Services, you agree and authorize the collection and use of personal information in accordance with the Privacy Policy.

3.You must be honest. You agree to provide true, accurate and complete information about yourself ("Account Data") when prompted, and you confirm that you have full authority to provide Account Data, especially in relation to the person you provide as your relationship contact information. You agree to fully indemnify us and make We are fully compensated. You also agree to update account data to keep it current.

4.You must keep your account secure. You are responsible for maintaining the confidentiality of your password and account. Furthermore, you are solely responsible for any and all activities that occur through the use of your account or password. You agree to notify us immediately of any unauthorized use of your account or any other breach of security. Use of your account by you and/or any other individual shall be deemed an authorized transaction and we hereby indemnify and waive any claims related to the unauthorized use of your account.

5.You authorize us to verify your information. You hereby authorize us to check your information as we deem necessary. You further authorize us to forward your account data and personal information to verification vendors, information vendors, and third parties acting on behalf of SINGULARITY MICROFINANCE LIMITED to verify information about you, including but not limited to eligibility, certification, employer background screening, employment Verification, proof of employment, criminal record, driver's license verification, passport verification, identity verification and any other personal information required to verify, verify and confirm your information. You understand and agree that your statement of consent will apply indefinitely to all existing and future requests for personal and verification, screening, verification and confirmation of information about yourself.

6.You must repay or roll over your loan by the due date. You must repay the loan by the date specified when you received the loan (the "due date"). Be sure to repay the loan and interest by the due date. If you do not do so, we will, at our discretion, charge your loan an additional fee of 2% ("Overdue Fee") per day. You must then repay the loan amount, interest and rollover fees before the rollover ends.

7.If you don't repay, you will be in default. If you still have not repaid the loan amount and fees, at 30 days, you will be in default. After you default, we may report this default to a credit reference agency, and such reporting may affect your ability to borrow money in the future. You will be responsible for reasonable charges that we or our suppliers may incur in collecting payments in accordance with applicable law. Overdue amounts will be rounded up to the nearest whole Tanzania shilling.

8.Our fees are payable on top of the amount you borrow. After the account registration process, you may have the opportunity to apply for a loan of a certain amount. We reserve the right to reject loan applications for any reason. However, if we accept your application and grant you a loan, we will charge you the fee you must pay us on top of repayment of the borrowed amount ("interest"). The interest payable is stated with the loan amount when you apply for each loan. The loan shall be credited to your Mkopo Wako account after approval of your loan application.

9.We may contact you and/or your relationship contact. You expressly agree that, as part of the Service, you may, from time to time, receive communications from us via text message (SMS) or email, including our promotional newsletters or other information about the Service. You may stop receiving promotional messages by following the opt-out instructions in the message. Even if you choose to opt out of receiving promotional messages, you may not opt out of receiving service-related messages. You also expressly authorize us to contact your relationship contact to verify your information, when we are unable to contact you or when we have not received a repayment from you. You confirm that your relationship contact has consented to the sharing of his/her information with us and to us contacting them with respect to your use of the Service.

10.You must respect our rights in the service. We grant you a limited, non-transferable personal right and license to use the Services and any related software applications through which the Services may be provided. You may not copy, decompile, reverse engineer, disassemble, attempt to obtain the source code of the software, modify or create derivative works of the software (except and only to the extent that applicable law prohibits any of the foregoing limitations) or manage any to the limited extent permitted by the license terms for use of the open source components).

11.We may terminate the service. We may, in our sole discretion and at any time, terminate your access to the Services or terminate the provision of the Services or any part of the Services, with or without notice. You agree that we have no responsibility or liability for you or any third party to modify or terminate the Service, or to terminate or suspend your access to the Service.

12.We are not responsible for any damages you may suffer. IN NO EVENT WILL WE OR OUR SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES OR ANY DAMAGES OF ANY KIND, INCLUDING, BUT NOT LIMITED TO, LOSS OF USE, DATA OR PROFITS arising out of or in any way arising out of or in connection with the use or performance of the Services, the delay or inability to use the Services, the provision or failure to provide the Services, or any loan obtained through the Services, or any way arising out of the use of the Services, whether based on a contract, tort, negligence, strict liability or otherwise, even if the app and game or any of its suppliers have been advised of the possibility of such damages.

13.THE SERVICE IS PROVIDED WITHOUT ANY WARRANTY OR WARRANTY. The Services are provided "as is" without warranty of any kind. WE AND OUR SUPPLIERS DISCLAIM ALL WARRANTIES RELATING TO THE SERVICES, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT. If you are dissatisfied with any part of the Service or these terms, your sole remedy is to discontinue use of the Service.

14.This contract is governed and construed accordance with the laws of United Republic of Tanzania without reference to its conflict of laws principles. Any matter relating to the interpretation, validity or enforcement of this Agreement which cannot be resolved by mutual agreement between the parties shall be referred to arbitration in the English language by a sole arbitrator in Dar es Salaam, Tanzania as the seat of arbitration. The arbitration shall be conducted in accordance with the Arbitration Rules of the Chartered Institute of Arbitrators. The arbitral award shall be final and binding on the parties and may be a court order. To this end, the parties unconditionally agree and submit to the jurisdiction of the High Court of Dar es Salaam, Tanzania.

15.Unless instructed by us, no modification, variation or covenant cancellation of this Agreement and this paragraph shall have any effect.

16.This Agreement constitutes the entire agreement between the parties with respect to its subject matter, and neither party provides warranties or representations of any nature other than those set forth in this Agreement.

17.No relaxation or indulgence exhibited by either party to any other party to this Agreement shall in no way impair or be deemed a waiver of its rights under this Agreement.

18.Any substantive provision appearing in or forming part of any interpretative provision of this Agreement shall be valid in accordance with its subject matter, regardless of the context in which it appears.

19.Each provision of this Agreement (excluding only those provisions that are legally essential to constitute a valid and binding agreement) shall be deemed separate and severable from the remaining provisions of this Agreement. If any court of competent jurisdiction finds any provision of this Agreement (other than only those provisions that are legally necessary to constitute a valid and binding agreement) invalid and/or unenforceable, notwithstanding such invalidity and /or unenforceable, the remaining provisions of this Agreement shall remain in full force and effect.

20.We may revise these terms. These terms may be modified at any time in the future without notice. Changes will be posted on https://live.pesafastatz.co/nmk/MKService/enService.html or its successor URL. It is your responsibility to keep yourself informed of any changes as you are bound by the latest version of the terms.