Pocket Cash
ALLAYPOT MICROFINANCE TANZANIA LIMITED | contact@allaypotmicrofinance.org
These Terms and Conditions (the “Terms”) govern access to and use of the Pocket Cash mobile application and its loan-related services (collectively, the “Services”) provided by ALLAYPOT MICROFINANCE TANZANIA LIMITED (“Company,” “we,” “us,” or “our”). “You” and “your” refer to any person who registers for, accesses, or uses Pocket Cash.
By registering an account, submitting a loan application, or using the Services, you acknowledge that you have read and agree to these Terms and our Privacy Policy. If you do not agree, do not use the Services. Any approved loan may also be subject to a separate loan agreement and repayment schedule disclosed before you accept it.
Pocket Cash may offer eligible users loans based on their applications and credit assessments. The following summarizes the advertised product parameters; approval and individual terms are not guaranteed.
Borrow GHS 6,000 for 120 days.
Interest = 6,000 × (26% ÷ 365) × 120 = GHS 512.88
Total Repayment = GHS 6,000 + GHS 512.88 = GHS 6,512.88
The example above is calculated using the maximum annual interest rate of 26% with simple interest. Actual loan amounts, interest rates, and repayment terms are subject to credit assessment and approval.
Any additional fees or charges, if applicable, must be disclosed in the loan offer and agreement before you accept the loan. The figures above assume no additional fees. The disclosed APR and total repayment should accurately reflect applicable charges under the relevant rules.
You must be at least 18 years old, have legal capacity to enter into a binding agreement, and satisfy the eligibility and verification requirements presented in the App. You agree to provide true, complete, and current registration and application information and to update it when it changes.
You are responsible for safeguarding your account credentials and promptly notifying us of suspected unauthorized access. We may request additional information to verify account ownership or comply with applicable obligations.
Submitting an application does not create an entitlement to a loan. We may assess information you provide and other information lawfully available to us for eligibility, identity verification, affordability, risk management, and fraud prevention. We may approve, decline, or request further verification for an application in accordance with applicable requirements.
Before you accept a loan, the App or loan agreement will present the applicable amount, rate, charges (if any), due dates, repayment schedule, and total repayment. The terms confirmed in your specific loan agreement govern that loan where they differ from a general example in these Terms.
Approved loan proceeds will be disbursed using the payment method disclosed for that loan. You agree to repay principal, interest, and any lawfully applicable disclosed charges on the dates shown in your loan agreement. Payment processing times may depend on the relevant financial or payment provider.
You must ensure that the repayment details you supply are accurate and that sufficient funds are available when payment is due. If early repayment is supported, the applicable payoff amount and any adjustments will be explained in the App or upon request.
If you do not pay on time, your account may be treated as overdue. Any late fee, default interest, or collection-related charge applies only if permitted by law and clearly disclosed in your loan agreement. We may send repayment reminders, seek lawful recovery of overdue sums, or take other steps permitted by the agreement and applicable law.
We will not represent an undisclosed penalty or fee as part of the standard loan example. Contact us if you are experiencing difficulty meeting an agreed repayment schedule.
We handle personal information in accordance with our Privacy Policy. We may require identification, contact, employment, financial, and loan-related information necessary to deliver the Services, manage accounts, prevent fraud, and meet applicable obligations.
Where emergency contact details are required, you must provide them manually and ensure that the person has been appropriately informed. Pocket Cash does not automatically read or upload your device contact list. For details about information use, storage, sharing, and your rights, refer to the Privacy Policy.
You agree that service-related messages may be delivered through the App, email, SMS, or other contact methods you provide, as applicable. These may include account notifications, loan decisions, repayment reminders, security alerts, and changes to relevant terms.
Where permitted, electronic acceptance, communications, and records may be used for applications and loan agreements. You should retain copies of your loan offer, repayment schedule, confirmations, and other important disclosures.
We may restrict, suspend, or close an account where reasonably necessary to protect security, investigate suspected misuse, meet legal requirements, or address a material breach of these Terms. Where required, we will provide appropriate notice.
You may request account closure by emailing contact@allaypotmicrofinance.org. Closure does not cancel any outstanding loan or other lawful payment obligations. Personal information is managed following closure in accordance with our Privacy Policy and applicable retention obligations.
Certain payment, communications, hosting, and support functions may involve third-party providers. Their availability and processing may be subject to applicable terms and lawful operational constraints. We are responsible for our obligations under these Terms, subject to applicable law.
We aim to maintain reliable access to Pocket Cash but cannot guarantee uninterrupted availability. Temporary interruptions may occur because of maintenance, connectivity, security issues, or circumstances outside our reasonable control. We may update the App or modify Services, subject to applicable requirements and notice obligations.
Nothing in these Terms excludes or limits rights or liability that cannot lawfully be excluded. Any limitation of liability applies only to the extent permitted by applicable law. If you have a question, complaint, or dispute, please contact us first so we can review the matter and seek a fair resolution.
We may revise these Terms when Services, operations, or legal requirements change. Material updates will be communicated through an appropriate channel where required. Changes to an existing loan will be handled in accordance with its loan agreement and applicable law, rather than automatically by revising these general Terms.
Company: ALLAYPOT MICROFINANCE TANZANIA LIMITED
App: Pocket Cash
Email: contact@allaypotmicrofinance.org
For account support, loan questions, privacy requests, and complaints, please contact us using the email address above.