Privacy Policy

Effective Date: 1 January 2026 | Last Updated: June 2026

Pareto Finance Limited ("Pareto", "we", "our", or "us") is a Microfinance Institution registered in Nigeria (RC 1635733) and committed to protecting the privacy and personal data of all individuals who interact with our services. This Privacy Policy explains what personal information we collect, why we collect it, how we use it, and your rights with respect to that information.

This policy is issued in compliance with the Nigeria Data Protection Regulation (NDPR) 2019 and the Nigeria Data Protection Act (NDPA) 2023.

1. Who We Are

Pareto Finance Limited
RC 1635733 (Incorporated 25 November 2019)
3 Olu Oni Close, Off Carthy Street, by Shoprite Mall, Alausa, Ikeja, Lagos, Nigeria
Email: info@pareto8020ng.com
Phone: +234 907 594 1811

As the Data Controller, Pareto Finance Limited determines the purposes and means of processing personal data collected through this website and in connection with our financial services.

2. Information We Collect

We may collect the following categories of personal information:

Identity Data: Full name, date of birth, gender, national identification number (NIN), BVN.
Contact Data: Phone number, email address, residential and business address.
Financial Data: Bank account details, income information, employment details, credit history.
Enquiry Data: Information submitted via our website contact form, including your name, phone number, email address, and message content.
Technical Data: IP address, browser type, device information, and pages visited on our website, collected automatically via cookies and analytics tools.

3. How We Use Your Information

We use your personal information for the following purposes:

To process and assess loan applications and provide financial services.
To respond to enquiries submitted through our website or by phone.
To communicate with you about your account, loan status, or payment schedule.
To comply with legal, regulatory, and statutory obligations under Nigerian law.
To detect, prevent, and investigate fraud or other unlawful activity.
To improve our website and the quality of our services.
To send you relevant information about our products and services (where you have consented).

4. Legal Basis for Processing

We process your personal data on the following legal grounds:

Contractual necessity: Processing required to enter into or perform a loan or financial services agreement with you.
Legal obligation: Processing required to comply with applicable Nigerian laws and regulations, including CBN guidelines and anti-money laundering (AML) requirements.
Legitimate interests: Processing to protect our business, prevent fraud, and improve our services.
Consent: Where you have given us explicit permission to process your data for a specific purpose (e.g. marketing communications). You may withdraw your consent at any time.

5. Sharing Your Information

We do not sell, rent, or trade your personal information. We may share your data only in the following circumstances:

Regulatory bodies: The Central Bank of Nigeria (CBN), NDIC, CAC, NFIU, or other lawful authorities where required by law.
Credit bureaux: To assess creditworthiness and report loan performance as required under Nigerian credit reporting regulations.
Service providers: Third-party vendors who assist in operating our business (e.g. IT systems, communications), bound by confidentiality obligations.
Legal proceedings: Where disclosure is required by a court order, legal process, or law enforcement request.

6. Data Retention

We retain your personal data for as long as is necessary to fulfil the purposes outlined in this policy, or as required by applicable Nigerian law. Loan records are typically retained for a minimum of 6 years after account closure in line with regulatory requirements. Website enquiry data is retained for up to 2 years.

7. Cookies & Website Analytics

Our website may use cookies — small files stored on your device — to improve your browsing experience and understand how visitors use the site. You can control or disable cookies through your browser settings. Disabling cookies may affect the functionality of some parts of the website.

8. Data Security

We implement appropriate technical and organisational measures to protect your personal data against unauthorised access, loss, destruction, or disclosure. However, no method of transmission over the internet is completely secure, and we cannot guarantee absolute security.

9. Your Rights

Under the NDPA 2023 and NDPR 2019, you have the following rights regarding your personal data:

Right of access: Request a copy of the personal data we hold about you.
Right to rectification: Request correction of inaccurate or incomplete data.
Right to erasure: Request deletion of your data where there is no legitimate reason for us to continue holding it.
Right to object: Object to processing based on legitimate interests or for direct marketing purposes.
Right to withdraw consent: Where processing is based on your consent, you may withdraw it at any time without affecting the lawfulness of prior processing.
Right to lodge a complaint: You may lodge a complaint with the Nigeria Data Protection Commission (NDPC) at ndpc.gov.ng.

To exercise any of these rights, please contact us at info@pareto8020ng.com or call +234 907 594 1811. We will respond within 30 days.

10. Third-Party Links

Our website may contain links to third-party websites. We are not responsible for the privacy practices of those sites and encourage you to review their privacy policies separately.

11. Changes to This Policy

We may update this Privacy Policy from time to time. When we do, we will revise the "Last Updated" date at the top of this page. We encourage you to review this policy periodically. Continued use of our website after any changes constitutes acceptance of the updated policy.

12. Contact Us

For any questions, concerns, or requests relating to this Privacy Policy or your personal data, please contact:

Data Privacy Officer
Pareto Finance Limited
3 Olu Oni Close, Off Carthy Street, by Shoprite Mall, Alausa, Ikeja, Lagos
Email: info@pareto8020ng.com
Phone: +234 907 594 1811