Welcome to Dvelo.org LLC. Our team of officers, directors, agents, employees, partners and their respective affiliates, collectively known as Dvelo.org or Dvelo, must require that prior to registering with Dvelo.org, you read and accept all of the terms and conditions in, and linked to, this Agreement.
This Agreement and all that follows will govern all transactions between you, the User, and Dvelo.org, as well as your use of the Dvelo.org Website, and all other services provided by Dvelo.org. Whether or not Users choose to actively participate in the contribution process, contribute to any of Dvelo.org’s programs, or any other uses of the Website, Users of the Website must agree to be bound by this Agreement. If you choose to become a Contributor, participate in any of our lending program(s), or otherwise use the services provided by our Website, you must read all of the Terms and Conditions associated with our Terms of Use Agreement provided heretofore. If you do not agree with all of these terms and conditions, please do not participate in the Program or use this Website.
This Agreement supersedes any previous Agreement to which you and Dvelo.org may have been bound. This Agreement may be modified by Dvelo.org in its sole discretion from time to time and such modifications shall automatically become part of this Agreement and shall be effective once posted by Dvelo.org on the Website. Your participation in the Program and use of the Website will be subject to any such modifications. You should review the Website and this Agreement from time to time for any modifications.
YOU UNDERSTAND THAT BY USING THE SITE (INCLUDING ANY CONTENT PROVIDED THEREIN), SERVICES OR YOUR DVELO.ORG ACCOUNT, YOU ARE AGREEING TO BE BOUND BY THIS AGREEMENT. IF YOU DO NOT ACCEPT THIS AGREEMENT IN ITS ENTIRETY, YOU MAY NOT ACCESS OR USE THE SITE OR SERVICES. IF YOU AGREE TO THIS AGREEMENT ON BEHALF OF A BUSINESS, YOU REPRESENT AND WARRANT THAT YOU HAVE THE AUTHORITY TO BIND THAT BUSINESS TO THIS AGREEMENT AND YOUR AGREEMENT TO THESE TERMS WILL BE TREATED AS THE AGREEMENT OF THE BUSINESS. IN THAT EVENT, “YOU” AND “YOUR” REFER HEREIN TO THAT BUSINESS.
LET IT BE KNOWN THAT THE WEBSITE, SERVICES, AND INTENTIONS OF DVELO.ORG ARE TO PROVIDE A HELPFUL PLATFORM FOR EXPANDING THE PRACTICE OF LENDING TO LOW-INCOME ENTREPRENEURS IN THE DEVELOPING WORLD. USERS ARE EXPECTED TO COMPLY WITH ANY APPLICABLE LOCAL, STATE, NATIONAL, AND FOREIGN LAWS, TREATIES AND REGULATIONS OR ANY RULES, POLICIES OR PROCEDURES APPLICABLE TO YOUR ACTIVITIES. DVELO.ORG IS NOT LIABLE FOR YOUR FAILURE TO ADHERE TO ANY OR ALL OF THESE INDICATIONS.
About Dvelo.org. Dvelo.org manages an interactive, online contribution based lending platform that helps to raise funds for microfinance institutions worldwide, introducing the User to organizations in developing countries in need of affordable capital. Dvelo serves to provide access to capital to these organizations by utilizing the web’s ability to bring together people, ideas, and information seamlessly from around the world.
Eligibility. All Users must be at least 18 years old or have the consent of a legal guardian whose name appears on all used banking accounts. The User must agree that the information provided during Dvelo.org registration is accurate, truthful, current, and complete, and that the User will regularly update this information as often as necessary.
Your Dvelo Account. After registering on Dvelo.org, the User will create a Dvelo profile that allows you to interact with the website, including other Users and our partnered microfinance institutions. By participating in any uses of this Website, you hereby acknowledge and agree that loans made through the Website bear a risk of non-repayment and that Dvelo makes no representation, guarantee, warranty, or covenant that contributed funds will be repaid. All account activity must be limited to the individual responsible for the account registration or the individual authorized to make contributions on behalf of an entity or corporation. Users must agree to not use multiple accounts and there cannot be multiple Users on one account.
Recording. Records of this Agreement, each contribution you make, repayment history, and all other applicable actions will be kept by Dvelo and, upon specific request, will be made available to you at anytime throughout your membership on the Website.
Risk and Principal Loss Scenarios. Contributions made through Dvelo are considered "risky" by traditional lenders for various factors, including, but not limited to currency risk, financial/political instability, and geographic location. By participating in the Program or otherwise using this Website, you hereby acknowledge and agree that (a) Dvelo makes no representation, warranty, covenant or guarantee that any funds you lend to a Field Partner via the Website will be repaid and (b) contributions made via the Website (each, a "Loan") bear a high risk of non-repayment. You understand and hereby consent (without any notice thereof) to any restructuring of the repayment plan and/or, in Dvelo's sole discretion, any extension of the length of the term of the Loan in order to increase the chances that your Loan is repaid. Dvelo will deem a Loan to be in default if it is not repaid within six (6) months after the agreed upon maturity date of such Loan (Dvelo and the applicable Field Partner reserve the right to extend such Loan's maturity date upon mutual agreement under special circumstances).
Donor Contributions and Dvelo Credits System. Dvelo.org uses its own credit system, known as Dvelo Credits, referred to as "Credits". Purchased Credits and Voluntary Contributions to Dvelo are 501c3 tax-deductible donations to Dvelo.org. Dvelo.org is meant to be a helpful platform to extend the reach of microfinance, and purchases of Credits are contributions made through Dvelo.org to the Field Partners you choose. Dvelo.org will allocate, to the best of its ability, all Credits to the Field Partner selected by the User. All words and their derivatives used herein such as, but not limited, to “loans,” "invest," and “lending” refer to the agreements between Dvelo.org, LLC and the Microfinance Institution. There exists no legal loan or agreement between the User and the Microfinance Institution. Rather, the User donates to Dvelo.org under the pretense that Dvelo.org will lend the contribution to the microfinance institution of the User's choice. Dvelo.org possesses ultimate authority to use contributions made to Dvelo.org at the discretion of Dvelo.org and for purposes consistent with Dvelo.org’s exempt purposes. There is no recourse for Credits lost due to defaulted loans.
Disbursement. Dvelo.org identifies then, partners with existing international organizations, most commonly referred to as Microfinance Institutions, which work to alleviate poverty by providing affordable capital to low-income entrepreneurs. Dvelo allows funds to gather from the necessary number of Users to cover the contribution request and disburses those funds to their respective partner who has advertised the direct request or project opportunity and committed terms in loan returns and maturation date. Dvelo.org’s only connection is in bringing the Contributor and the borrower together, with all further risk assumed by both the lender and borrower. The User must understand that Dvelo openly denies any responsibility to, or liability whatsoever in contribution transaction consequences.
Collection and Repayment. Repayment of borrowed funds and/or the earned interest will be collected by Dvelo either in one total sum following the loan maturation date or in periodic installments throughout the loan life, and Dvelo.org will promptly credit the User’s account all funds collected, including all interest gathered, following the loan maturation date. Users hereby recognize and agree that Dvelo and its partner(s) will not be obligated to credit the User any lent amount other than those funds collected by Dvelo from its partner(s).
Applicable Rules and Regulations. All transactions in your account will be subject to Dvelo’s internal rules and policies. Dvelo will never be obligated to authorize any transaction it believes might violate any federal or state law, or rules or regulation of any national or international regulatory or self-regulatory body.
Costs and Fees. Dvelo charges no fees for general use of the site or service for either Users or partnered microfinance institutions. Additionally, Dvelo does NOT take any type of commission on interest earned by Users. Users may encounter costs from their banks, Google Checkout, or PaySimple eCheck in the transference of funds, but Dvelo in no way generates revenue from these third-party charges. We will give at least thirty (30) days notice of the changes in any service charges or fees associated with our site or service.
Proprietary Rights. “Dvelo.org” and the Dvelo.org logo are trademarks and service marks of Dvelo.org LLC, which owns and retains all proprietary rights involved in the Website, programs, along with all material information posted thereon. Only if Users have been given express written permission, Users may not copy, publish, distribute, display, or sell any such proprietary information.
Termination or Suspension of the Site or Services & Modification of the Agreement. Dvelo.org reserves the right in its sole discretion, at any time, to modify, discontinue or terminate the Site or Services or to modify or terminate this Agreement without advance notice. Modifications to this Agreement or any policies will be posted on the Site or made in compliance with any notice requirements set forth in this Agreement. If any modification is not acceptable to you, your only recourse is to cease using the Site and Services. By continuing to use the Site or Services following any posting of a new Agreement or policies on the Site, you accept and agree to be bound by the new Agreement or policies. If your Dvelo.org account is terminated, you may not become a Dvelo.org Member again without the express written permission of Dvelo, Inc.
Interactions Between Dvelo.org Users. You are solely responsible for your interactions (including any disputes) with other Dvelo.org Users. You understand that Dvelo does not in any way screen Dvelo Users. You are solely responsible for, and will exercise caution, discretion, common sense and judgment in, using the Site and Services and disclosing personal information to other Dvelo.org Users. You agree to take reasonable precautions in all interactions with other Dvelo.org Users, particularly if you decide to meet a Dvelo.org User offline, or in person.
Your use of the Site, Services, Content and any other information or other materials made available through the Site or Services is at your sole risk and discretion and Dvelo hereby disclaims any and all liability to you or any third party relating thereto. Dvelo.org reserves the right to contact Members, in compliance with applicable law, in order to evaluate compliance with the rules and policies in this Agreement. You will cooperate fully with Dvelo to investigate any suspected unlawful, fraudulent or improper activity, including, without limitation, granting authorized Dvelo representatives access to any password-protected portions of your Dvelo.org account.
Indemnification. Users agree to indemnify and hold Dvelo harmless from any loss, liability, demand, claim, or consequence, including reasonable attorney’s fees, made or incurred by any third party directly or indirectly out of your use of the Website or participation in any of the programs offered or arising from a breach of this Agreement.
Obligations for Dvelo.org Users. The Site and Services may be used and accessed for lawful purposes only. You agree to abide by all applicable local, state, national and foreign laws, treatises and regulations in connection with your use of the Site and Services. In addition, without limitation, you agree that you will not do any of the following while using or accessing the Site or Services:
Disclaimers. Dvelo will have no liability and is not responsible for any incorrect or inaccurate information posted on the Website or any cost, expense, or liability incurred with connection from our Website, no matter if caused by the User, a partnered organization, represented borrower or any person or equipment associated with the Website. Dvelo is not responsible for the actions of any User of the Website, whether online or offline. It is important for Users to know that Dvelo.org and any content contained within it or any service provided in connection with Dvelo is provided “AS IS” with no representations or warranties of any kind, express or implied. The User assumes complete responsibility and risk for your use of this site and all its site-related services.
Limitation of Liability. Under no circumstances will Dvelo.org be liable to you for any incidental, consequential, special, or unexpected damages in connection with your use of this Website, site-related services, site content and User submissions including, without limitation, injury or damages resulting from User conduct, whether online or offline, for loss of principal or earnings. Dvelo.org will not be liable for the results of any interruptions or errors relating to the site, site-related services or the scheduled or unscheduled service interruptions of any third party payment service, such as Google Checkout or PaySimple eCheck.
Consent to Electronic Notice. Users consent to the use of electronic means to complete this Agreement and to deliver any notices pursuant to this Agreement and electronic records to retain any and all information related to this Agreement and your use of the Website or site-related services.
Severability. This Agreement in its entirety, accepted and affirmed by becoming a User, is understood to contain the complete Agreement between you, the User, and Dvelo regarding the use of the Website or any site-related services and programs. If any condition of this Agreement is held inaccurately, the remainder of this Agreement will proceed in full force and effect.
Please contact us at contact@dvelo.org with any questions related to this Agreement.
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