LENDonate Privacy Policy


Effective Date: September 13, 2019

Last Reviewed: September 13, 2019

This privacy policy applies to www.LENDonate.com, owned and operated by LENDonate, Inc. (“LENDonate”). This privacy policy describes how LENDonate collects and uses personally identifiable information.

Your privacy and the protection of your personally identifiable information are important to us. Personally identifiable information is information that can be used on its own or with other information to identify someone. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect, and otherwise handle your personally identifiable information on our website.

This Policy will be reviewed periodically (at least once a year) and updated as necessary. Changes are drafted by Document Owner. Any changes are approved by Document Manager/Approver.

 

1. INFORMATION LENDONATE COLLECTS ABOUT YOU

1.1 INFORMATION PROVIDED BY YOU


We collect personal and financial information that you provide to us while you use the site via desktop or mobile devices. The information collected depends on the type of user you are and the type of services you have consented for us to provide to you. Most of our collection of your information occurs during the site registration process or the Borrower loan application process. Below are examples of activities where you provide information to us.

All website browsers – including those who are not registered users:

  • can access and review any public information available on the website without providing personal information.
  • can submit an inquiry via email or our contact form. We will receive names and email addresses of individuals who contact us with questions about LENDonate, our lending/borrowing operations or to provide feedback about our products and services. We’ll only use this information to respond directly to the individual’s question.

New Borrowers or Lenders

Registration Process – specific information must be supplied when users register on the site. The requirements for registration are different for Borrowers and Lenders but basic information collected may include:

  • Your name
  • Your email address
  • Your home address and phone number
  • Your job title
  • Your date of birth (Lenders only)

 

Lender Verification Process – additional information must be supplied if lenders want to participate in investment activities. Information may include:

  • Your Social Security number (Lenders only)
  • Consent of Lender’s Agreement
  • Bank account information (Collected via integration with third party payment processors)

Registered Borrowers:

Loan Application Process – When a registered Borrower is applying for a loan, most of the information collected is related to the Nonprofit Borrower (such as EIN, organization name, address, etc) which is publicly available information. However, other data (e.g. financial statements) may need to be collected to meet underwriting and legal requirements and/or other terms or requirements to properly service the loan.

The following personal information may be collected from Borrower’s during the loan application process:

  • Related to key organization members – borrowers may be asked to submit member resumes which may include names, addresses, phone number, education history.
  • Related to a Guarantor of a loan – if a Guarantor is specified in the loan application – name, address, phone number, financial information such as a letter listing assets, brokerage or bank account statement or previous credit/loan history will be collected from the Guarantor in order to process the application

Verified Lenders and Borrowers:

Loan Discussion Forums

  • Verified Lenders and Borrowers (owners of the loan) can submit questions or comments via loan discussion forums. We capture the users name, comments, timestamp and preferences regarding notifications when new submissions are posted or their submission has been replied to.

User Account Profile

  • Verified Lenders can upload photos. All verified users can update their personal information within their account profile, which contains information shared during registration and other user questions. Not all questions are required to use the platform but answers can help tailor information that is shared to the user.

 

1.2 INFORMATION COLLECTED FROM THIRD PARTIES


For Lenders who register on our platform:

We will collect information from third parties to verify your identity.

For Verified Lenders who would like to participate in lending activities:

You’ll be required to verify your banking account information. We do not collect or store your banking account information – but our platform integrates with a third party payment processor that uses this information to verify your financial institution. By providing your information to our third party, you acknowledge and agree that information accessed, collected or transmitted by the third party for this purpose will be governed by the privacy policy of the third party. Checkbook.io’s Privacy Policy is located at https://checkbook.io/resource/privacy/. If you choose to use PayPal to fund your account, banking account information and/or credit card information will be required by PayPal. We do not collect or store this information. PayPal’s Privacy Policy are located at https://www.paypal.com/us/webapps/mpp/ua/privacy-full.

For Borrowers who apply for a loan on our platform:

We will collect information from third parties to verify the identity of the registered Borrower and the nonprofit organization and to determine the nonprofit organization’s eligibility for credit, perform analysis, and assess risks related to the potential loan.

If there is a Guarantor identified during the loan application process, we may also collect further information from third parties related to the Guarantor in order to process the application.

1.3 INFORMATION COLLECTED USING TRACKING TECHNOLOGY


Anytime a user visits our website – registered and non-registered users – we collect information about your computer and your visits to our website, such as your IP address, geographical location, browser type, referral source, length of visit, and page views through the use of log files. We use this aggregated information in the administration of our website to improve its usability and to evaluate our strategies for marketing, advertising, and search engine
optimization.

Google Analytics:

We use Google Analytics, a web analytics service of Google Inc., (“Google”). Google An