Privacy Policy
We are committed to protecting your privacy and personal information in compliance with Nepal's data protection laws.
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1. Introduction and Governing Law
This Privacy Policy explains how KharayoCares (referred to as "the Platform," "we," "us," or "our") collects, uses, protects, and discloses your personal information. We are committed to protecting your privacy in compliance with the Constitution of Nepal, 2015, and the primary data protection legislation, the Individual Privacy Act, 2018 (2075).
Important: By using our services, you confirm you have read and understood this policy and consent to the collection and use of your Personal Information as described herein.
2. Information We Collect
We collect information that identifies, relates to, or is capable of being associated with you (Personal Information).
personA. Personal Information
- check_circleIdentity Data: Full Name, Date of Birth, Gender, Citizenship Certificate number, Passport number, or National Identity Card details
- check_circleContact Data: Address, Telephone number, and Email address
- check_circleFinancial Data: Details related to property and income generation, as required for transactions and compliance
- check_circleTransaction Data: Records of all crowdfunding transactions, user details, and activity logs
- check_circleAccount Data: Username, password, and profile information
- check_circleTechnical Data: IP address, operating system, browser type, and usage data collected via cookies
warningB. Sensitive Personal Information
The Individual Privacy Act strictly protects Sensitive Personal Information. We will only collect this data with your explicit written consent and under strict legal necessity. This includes:
- shieldCaste, ethnicity, or origin
- shieldPolitical affiliation or religious faith/belief
- shieldPhysical or mental health or condition (including medical history)
- shieldSexual orientation or information related to sexual life
- shieldDetailed information relating to property
3. Purpose and Use of Information
We will only collect and use your Personal Information for the specific and lawful purpose disclosed to you at the time of collection.
| Purpose of Collection | Legal Basis in Nepal |
|---|---|
| Service Provision & Account Management | To process transactions, manage your user account, and provide customer support (Based on your consent) |
| Legal Compliance & Security (AML/CFT) | To identify and verify customers and monitor transactions under the Asset (Money) Laundering Prevention Act, 2008 |
| Communication | To notify you about the status of your data, service updates, and any necessary legal changes |
| Platform Improvement | To analyze user behavior, administer the website, and enhance security |
4. Consent and Your Control
Your Consent is Mandatory for the collection and processing of your personal data. By giving us your explicit, informed consent, you agree that we may process your data strictly for the disclosed purposes.
Withdrawal of Consent: You have the right to withdraw your consent at any time. The withdrawal of consent will not affect the lawfulness of processing based on consent before its withdrawal.
5. Disclosure and Sharing of Information
We are prohibited from using, disseminating, or exchanging your personal details for any purpose other than the disclosed purpose without your prior consent.
- • To comply with a court order or written request from investigative authorities in criminal cases
- • To fulfill obligations under the Asset (Money) Laundering Prevention Act, 2008, which requires reporting suspicious transactions to FIU-Nepal
6. Data Security and Protection
We are legally obligated to protect and preserve the personal information collected. We implement appropriate arrangements and effective security measures against unauthorized access, use, alteration, disclosure, publication, or transmission of your data.
Encryption
Sensitive data encryption
Access Control
Strict authentication mechanisms
Security Audits
Regular vulnerability assessments
7. Your Rights as a Data Subject
Under the Individual Privacy Act, 2018, you have the following rights regarding your Personal Information:
Right to Access
You have the right to request a copy of the personal information we hold about you
Right to Correction
You have the right to request the correction of any inaccurate or incomplete personal data
Right to Deletion
You have the right to request the deletion or erasure of your personal information, subject to legal retention obligations
Right to Object
You have the right to object to the processing of your personal data in certain circumstances
8. Data Retention and Destruction
9. Changes to this Policy
We reserve the right to update this Privacy Policy at any time. We will notify you of any changes by posting the new policy on our webpage with an updated "Effective Date." Your continued use of the Platform after any changes constitutes acceptance of the new policy.
10. Contact Information
If you have any questions or concerns about this Privacy Policy or your data rights, please contact us:
KharayoCares
Nepal's Trusted Crowdfunding Platform
Kathmandu, Nepal