Terms of Use

Plain-English summary. Effective October 2026. Not legal advice — counsel review pending before public launch.

🇳🇬 Pidgin summary

AJOCREDIT na record-keeper, we no hold your money. Money dey move directly between members. Play fair, pay on time, na your behaviour dey build your score.

  1. What AJOCREDIT is. A record-keeping and reputation service for Ajo/Esusu/Adashe groups. AJOCREDIT never holds, pools, or routes member funds. All payments move directly between members' own bank accounts (the group/admin determines the account). This will only change in a later version with a licensed custody partner, which we will announce.
  2. Fees. Below ₦10,000: 1.5% · ₦10,000–₦100,000: 1.0% · Above ₦100,000: 0.75%. Shown before every payment. Payment-provider charges (e.g. Paystack) are separate and also shown.
  3. Credit Power is illustrative. Scores and ₦ figures are estimates of savings behaviour, marked ESTIMATED. They are not loan offers or guarantees. No lending product exists in V1.
  4. Fair use. One account per person. Fake members, collusion, or manipulation lead to review, score caps, and removal. Disputes follow published SLAs (24h response, 5 business days standard).
  5. Your data. See Privacy Notice. Consent is per-purpose, revocable, and logged.
  6. Changes. Material changes will be announced in-app at least 7 days ahead.

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