GENERAL TERMS AND CONDITIONS (TYCG) USERS

1.     Introduction
The following Terms and Conditions explain:

  • How it Works App-credit.

  • As you can become a user app-credit as applicant for funding.

  • How you can become a user app-credit as a funder

  • How you can use the websitewww.app-credit.com

1.1. Website information:

The owner of the website www.app-credit.com (hereinafter "the Platform") is owned by the New Economics Group SRL. Society Bolivian nationality NIF B65677197 and address in the street Claudio Aliaga 1239 San Miguel, La Paz Bolivia.

1.2. If you decide to become a userapp-credit should read, accept and comply with these Terms and Conditions (TyCG) and our Privacy Policy (available on the link "Privacy Policy" platform. Using the platform and services through it, you confirm that you have read, understood and agree to these Terms and Conditions (TyCG) and our Privacy Policy (in any of its different versions that eventually app-credit decides to change). If you do not agree to these Terms and Conditions (hereinafter TyCG), you must stop using the Platform.

1.3. When it is referring to "we" in these TyCG, "us" and "our" refers toapp-credit. References to "you" and "your" refer to a user of the platform and the services provided through our Platform.

1.4. Each loan agreement between lender and borrower each is a separate contractand if there is a conflict between these TyCG and the Loan Agreement, the Loan Agreement shall prevail. Each loan agreement consists of general conditions and specific conditions (collectively the "Loan Agreement").

1.5. If you are acting on behalf of a legal person, either using the platform or the services provided through it, you represent that you are duly authorized to act on its behalf and has sufficient capacity to perform the above actions .

2. Services Appcredit

2.1 app-credit aims to develop the following activities:

(A) The training of persons who intend to apply for credit or want to learn the necessary guidelines to manage their cash and process a credit application through online courses.

(B) The advice to users on how to fill out a form and doubts about their ability to pay and investment.

(C) The receipt, evaluation, selection and publication of requests for loans natural or legal persons if applicants are legal representatives of businesses or companies.

(D) The analysis of funding applications received on the site, assessing each request, diagnosis and determination of any other variable that is useful for entities to make the decision to provide funding.

(E) Enabling a virtual space, called "fair credit" for funders contact applicants who were approved in the analysis process.

f) Provide credit profiles entities interested in providing financing. 

2.2 app-credit does not perform or perform functions provide financing, app-credit is established as the virtual space where applicants and funders are to conclude a credit agreement.

3. Registration Process

3.1. Requirements for user

In order to register as a user app-credit the following criteria must be met:

a) You must be a natural person or a legal person:

  • If you are an individual, you must be 18 years of age and have legal capacity financial obligations and has permanent residence.

  • If a legal person, must be properly registered in the corresponding official register, and have a legal address.

  • If they are enterprises or small businesses, the same treatment as an individual, have permanent residence is given, and the representative must have the majority.

b) You must register on the platform by creating a profile with your personal data.

c) You must accept the Terms and Conditions of Use.

d) In the case of a lender or agent of a financial institution should sign a contract for the provision of services, and enable the fair credit section.

3.2. Payment methods

As payment for the services we have explained previously enabled:

·       Transfer to Bank Accounts

·       Service payments http://pagos.nuevaeconomia.com.bo/ payments and movements of funds that are made through our Marketplace, are outsourced in the entity Pagosnet payment service.

Rules for use of the site and payment system:

(A) it is an individual, a corporation, a foundation or a public organization;

(B) If a natural person, (i) is 18 years or older and able to take responsibility for their own actions whether to request portal services;

(C) shall not allow any other person to borrow money via your account;

(D) You agree to use our services only for the purpose of making or acquiring loans through the associated training services in the manner contemplated by these Terms;

(E) undertakes to use the services and contents of the Web Site in accordance with the law, these Terms.

3.3. User registration and identity verification

To access the services offered by app-credit, registration is required. In case of credit applicant must only create your profile on the platform. Form filling personal information when registering on the site.

In case of a user lender or agent of a financial institution, after creating your profile with personal data, you must contact us to enable the features of Fair Credit and Electronic Wallet within the portal.

The information requested at the time of registration are essential in order to access the status of a registered user. Some of the data requested are:

  • Cell number set as the primary user identifier. Preferably it will be the medium used to communicate the user with information regarding site updates, along with the email account.

  • Name: must be stated in the official identity document. In addition, they must always match.

  • Password: Will the user access to your user account.

  • Nationality and country of residence.

  • valid postal address.

  • Description of their activity.

  • A personality test.

Full details of the requested personal data is in the Platform, and use of the information will be used exclusively for reinforcing credit profile of the user in question. It is therefore important that only the person has access to the account you created.

For registered as funders, to appreciate it necessary to verify the identity or source of funds to invest users may request additional documents. After sufficient checks, you create your virtual account. Appcredit uses its own internal guidelines and when assessing applications and user-lenders policies, and has full discretion as to whether to allow you to be a lender in the Platform. Appcredit you guarantee that all information you provide in the registration process and formalization of loans is true and accurate in all respects and undertakes to update it if it has been changed.

3.5. Account Access user-lender

The data requested in the registration process is used to access certain restricted areas of the Platform once the account has been activated. Each time you access your account on app-credit you need to enter your cell phone number and password. Whenever you access the Platform will review that uses the HTTPS security protocol, ie, the page shows a padlock on the browser used by the user. Your username and password to access your account app-credit are personal and not transferable.

3.6. Proper use of your username and password

The username, password and answers to security questions are the methods used by us to identify you, so you must keep them safe at all times. You are responsible for the activity on the Platform by anyone using your username and password. If you authorize an employee or other person to use your app-credit account you will be responsible for its activity on the platform. Any violation of security, loss, theft or unauthorized use of user information, password or security we must be notified immediately. For several failed attempts to access your user account, app-credit can block their access occur.

3.7. Proper use of the Platform

You agree not to adapt or circumvent the systems in place in relation to the platform, or access it for use other than normal. We reserve the right to act according to his instructions in cases where it is suspected that the person who has agreed to an account in app-credit is not the holder, or is performing an illegal, fraudulent or unauthorized activity.

4. Important information about the risks associated with investing in loans to SMEs to lenders users or representatives of financial entities.

By accepting these Terms and / or use our services, you confirm that you understand and accept the risks associated with make, acquire and / or have loans through our Marketplace, including, among others, the following:

  1. Each loan carries the risk of not getting the expected return, assuming that the borrower is unable to meet its payment obligations (partially or completely);

  2. There is the possibility that a borrower fails to repay a loan in full and you will lose some or all of the borrowed capital.

  3. app-credit is not an investment service company or credit institution; and it is not attached to any investment guarantee fund or guarantee fund deposits;

  4. Credits are not insured or guaranteed by guarantee funds or other entity;

  5. You make loan offers at your own risk; app-credit is not granting any warranty and in no event app-credit is responsible for the debts of borrowers or loss of value of a loan;

  6. Fixed income investments (such as credits) are particularly affected by trends in interest rates and inflation or changes in macroeconomic conditions or force majeure. If interest rates rise, the capital value may decrease, and vice versa. The value of a credit can fall if a default or reduced credit rating of the borrower is given;

  7. The figures for yields and expected losses on our Web site quoted are indicative and are not guaranteed. Actual yields and expected losses may be higher or lower than these figures;

  8. APPC-redit not responsible for any information disseminated through the platform about a borrower, including its risk rating. app-credit does not modify the information presented or published by a borrower. The provision of information about the borrower is intended to be informative and a lender must form their own opinion about the creditworthiness of the borrower and conduct their own research and analysis and, where appropriate, seek their own independent financial advice.

6. The process of loan

6.1. Search business loan applicants

All businesses applying for loans through app-credit are reviewed carefully on the basis of the data obtained in the Platform, the review includes the cash flow, the calculation of earnings and valuation factors as security, years of experience, degree of formality and size of business.

·       The applicant fills your credit application form.

·       The app-credit personnel will handle the review, correction, approval or rejection of the application.

·       The approved profile is published in the Fair Credit.

·       Financial institutions review the fair looking profiles.

·       Applicants are contacted by the entities.

Under "How It Works" and "Help" Platform you can find more information on how to lend money and the auction process.

 

6.2. Loan offers and the process

6.2.5. A loan application must be fully funded to continue in the lending process. A completed loan application consists of:

A page with all your personal data including

·       Photography;

·       Photo IQ;

·       Application form of credit;

·       Financial assessment form.

6.2.6. We reserve the right to withdraw applications at the fair credit can also change the minimum and maximum amounts that can be offered, informing all through the Platform.

6.2.7. You can monitor its loan portfolio and the status of their bids in the "Summary" section of the Platform.

9. app-credit rates on the lender

9.1. Management fee: will be charged a management fee that could range between 1% and 3% annually applied monthly to the capital value of the outstanding loan amortization at the beginning of a month in which a payment is made. The rate applies to credits or loans approved prior agreement of service between the port and the lender user. The purchase price profile is divided into three parts. 3 $ us the application data, 4 $ us for financial diagnosis and 5 $ us personal data. These amounts may be modified in the service delivery agreement.

9.2. In any case, app-credit may offer promotional discounts will be duly communicated through the Platform.

11. Lower and withdrawal as user app.credit

11.1. If you no longer want to be a user app-credit can let us know and we will withdraw its user.

11.2. The user who has the role of lender has ten working days to withdraw from the contract high.

11.3. app-credit may terminate your membership at any time, including:

  • Which you have breached these TyCG or any of our partners;

  • If you suspect that you have committed fraud or have been involved in money laundering or other criminal activities;

  • Which you have used the platform app-credit so that has caused or may cause damage to your operation or access has been made for fraudulent purposes or in connection with a criminal offense has been made to send, use or reuse any material that is illegal, offensive, abusive, indecent, defamatory or threatening, or in violation of copyright, trademark, confidence, privacy or any other rights, or to be harmful to others, or consist of or contain viruses software, political campaigning, commercial solicitation, chain letters, mass mailings or any "spam"

  • If there is no activity in your account app-credit for a period of 12 consecutive months.

11.4. Ending your membership in app-credit does not imply the termination of contracts of loan that you are party at the time.

12. Indemnification

12.1. Calculations and calculation tools provided in Platform or through other forms of communication about interest rates, levels of solvency or related to the return of loans elements are by way of guidance and do not represent any such return guarantee.

12.2. The information provided on the Platform or through other media does not constitute advice, recommendations or approvals of applications for loans or borrowers. The information provided is not intended to be considered by the lender as the sole basis for deciding whether to lend to a particular company.

12.3. The information displayed on the Platform is for informational purposes only and should not be considered an offer, solicitation, invitation, advice or recommendation to buy or sell investments or any other financial product or service. If you are unsure about whether a product or service can agree you should contact an independent financial adviser.

12.4. We make no guarantee as to the accuracy of the data shown in the Platform regarding loan applications, or if the information is current or error-free. We will not edit or we are responsible for the downloaded or uploaded by lenders or borrowers in the Platform content.

12.5. There is no guarantee that there will be enough bids to fund loan applications and allow their funds to be provided, or that borrowers accept tenders. Nor it is guaranteed to be enough borrowers and loan applications for you to pay.

12.6. When through app-credit has been managed any personal guarantee to lenders in support of a loan, you agree that the validity of the collateral is subject to risks and normal legal constraints and app-credit it has not ensured that anyone who provides such guarantee has been properly advised on the impact of a personal guarantee.

12.7. The information provided in the Platform is directed only to and is for the exclusive use of people and organizations that meet the criteria set out in these TyCG for lenders and equivalent criteria set out in TyCG applicable to borrowers. The platform is not intended for distribution or use by any person or entity in any jurisdiction where such distribution or use would be contrary to law or regulation.

12.8. app-credit does not guarantee continuous and permanent availability of services and platform, being thus exonerated from any liability for any damages caused as a result of the unavailability of these due to force majeure or errors in networks telematic data transfer, beyond their control, or disconnections for work of improvement or maintenance of equipment and systems of the Platform. In these cases, app-credit will make its best efforts to warn in advance of 24 hours.

12.9. app-credit is not responsible for any errors or omissions in the information provided to the user, or for any damages that may result from use of the information by the user, which are originated from a technical error or have been facilitated by a third party.

12.12. You warrant that you have taken all reasonable precautions to ensure that all data you upload or send to the platform are free from viruses and anything else that may have a contaminating or destructive effect on any part of the platform or any other technology.

12.13. The information transmitted through the Platform will pass through public telecommunications networks. With the limits established by law, we are not responsible if communications sent through the website are intercepted by third parties, poorly delivered or not delivered.

12.14. Platform may contain links to other websites we can not control. We accept no responsibility for any material supplied by or contained on any third party website that is linked to or from the platform, or any use of personal data by these third parties.

13. Intellectual property rights and confidentiality

13.1. Subject to the following clauses, the new Group Economy SRL owns all copyright and future, registered and unregistered trademarks, design rights, unregistered design rights, database and all other intellectual property rights present and future regarding the existing platform app-credit and app-capacitate sectionhttps://cursos.app-credit.com

13.2. It allows you to download and print the contents of this Platform solely for your personal use and to the extent necessary to use the services offered. The content of the Platform may not be copied, reproduced, modified, redistributed or used for any purpose other than the use of our services, all without our express written consent.

13.3. You agree not to publicly disseminate the information not being publicly accessible obtained through the Platform concerning User-borrowers.

13.4. You retain ownership of all copyright in data you upload or Platform. You grant us a license to use this data within the scope of our platform and related activities.

13.5. We do not warrant or represent that the content uploaded to the platform does not infringe the rights of others.

16. Customer Service

16.1. If you have questions about these TyCG or if you wish to contact us for any reason, please contact us through the app-credit platform www.appcredit.com or go to consultas@rednuevaempresa.com.

Customer support will be provided in Castilian and English.

17. Changes to these Terms and Conditions (TyCG)

17.1. app-credit can update or modify these TyCG to comply with the law or to meet our changing business requirements. They will always be published in the Platform for you to be available at all times, and users will communicate by e-mail the relevant changes where appropriate. By continuing to use the site, you agree to be bound by the terms of these updates and modifications.

18. Ineffectiveness and inefficiency of the clauses

18.1. If any clause in TyCG present result declared fully or partially invalid or void, such invalidity or ineffectiveness will affect only that provision or part thereof that is invalid or ineffectual everything else, considering such total willingness or partially not included.

9. Applicable law and jurisdiction

19.1. The present TyCG governed in each and every one of its ends by the Bolivian law and parts, in case of differences which can be treated by arbitration.

20. Cookies

Because of the way that Internet communication standards access to the platform may involve the use of cookies app or third-credit work. Cookies are small amounts of information that are stored on the browser used by each user for the server to remember certain information that only the server that implemented it will read. Cookies are only associated with an anonymous user and computer, and do not provide references from which the name and surname. Cookies help provide advertisements about goods and services of interest to you. Cookies generally have a limited duration in time. No cookie allows contact with the user's phone number, your email address or any other contact. No cookie can extract information from the user's hard drive or steal personal information or read cookie files created by other providers.

Thanks to cookies, it may recognize app-credit duly registered with the same computer and browser users without having to register each time they access the areas and services reserved exclusively for them. The user is free to decline our cookies if your browser permits, but doing so can affect the full functionality of the platform. Please consult the instructions and manuals of your browser for more information.

21. Miscellaneous

21.1. All exemptions and exclusions set forth in these TyCG shall survive termination of the agreement between the user and app-credit for any reason.

21.2. No single or partial exercise or failure or delay in exercising any right, power or remedy by us will constitute a waiver by us or hurt or prevent any future use of these or any other right, power or remedy arising from these TyCG.