Privacy policy for a financial company

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Prisma MicroFinance, Inc.

Executive Summary

Prisma MicroFinance, Inc., is a for-profit organization which provides microcredit to entrepreneurs who are not in an economic position to secure funding from traditional financial institutions. Prisma provides lending and saving services to the small-scale enterprises for two-thirds of the average competitor’s rate. Most of the Prisma customers are small business owners who can’t operate their finance with traditional financial institutions by making a modest amount in their business with less profits. Every customer receives an individual analysis based on their current situation and available financial solutions applicable to their particular situation along with specific recommendations as to which paths they need to follow. Most of the investment to Prisma is done by its major stake holders such as Hewlett-Packard because it considers Prisma as one of the good business and also monitors its privacy policies. Along with stakeholders the company staff such as Mr. Prashanth Reddy Bheeram, Mr. Abhishek Devulapalli, Mr. Deepak Raj Joshi, Ms. Monica Kambham and Ms. Nishtha Tiwari also adhere to the privacy policies of the organization. Prisma values the privacy of their customers, key stakeholders and their staff which describes how we collect, use and share the information in connection with the services we provide.

Policy Statements

Policy 1.1 Policy Statement Overview

Prisma MicroFinance, Inc. strictly incorporate with the rules on privacy policies to serve customers efficiently and effectively by creating a transparent and protective microfinance. We comply our policies with Graham-Leach-Bliley Act (GLBA) by maintaining safeguards to protect customer information. The privacy rule prohibits Prisma MicroFinance from disclosing customers account number or credit card or any financial details to any nonaffiliated third party for use in marketing. We reserve the right to share nonpublic personal information with affiliated parties. Customer can opt out of information sharing within provided reasonable period of time. We restrict nonaffiliated third parties to access customer’s nonpublic personal information to market their products or services to a customer. We do reserve the right to share customer’s information to comply with or respond to law enforcement or legal process or a request for cooperation by a government entity when legally required.

All access to customers data will be based on a valid business need and subject to a formal approval process to those employees who have need for that information to provide services to a customer, or to employees who assist those who provide those to services to a customer. We maintain physical, electronic, and procedural security measures to safeguard confidential customer information by restricting employees access to financial documents and storing customers data records offsite. We may amend this privacy policies from time to time, if we make any substantial changes to the privacy policy in the way we use or disseminate confidential information, we will notify immediately the customers and employees.