• Givva Wealthtech LTD is regulated to offer the Givva investment platform by Capital Markets Authority
• The English language version of these Terms and Conditions is the applicable version for all languages. Any other language version we may provide is for guidance purposes only. Any dispute or claim arising out of or in connection with present Terms and Conditions or their subject matter or formation (including non-contractual disputes or claims) will be considered in relation to the English version only.
• In the present Terms and Conditions the terms “we”,“us”, “our” refer to Givva and “you”, “your” refer to any person who accesses and/or uses the Service.
• It is important that you understand that access and use of the Service is conditional on your acceptance of present Terms and Conditions.

• Telephone: 0720 132 132, 0202 132 132, 0208, 132,132
• P.O BOX 10049-00100, Nairobi
• Email: info@givva.world
• Website: https://givva.world

• “Application” means the software program provided by the Company downloaded by You on any electronic device, named [GIVVA]
• “Application Store” means the digital distribution service operated and developed by Apple Inc. (Apple App Store) or Google Inc. (Google Play Store) in which the Application has been downloaded.
• “Affiliate” means an entity that controls, is controlled by or is under common control with a party, where “control” means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
• “Account” means a unique account created for You to access our Service or parts of our Service.
• “Fees” means the charges and fees we charge to you for the Service, as applicable, in accordance with the price list published on the Application, or the prices or rates that we communicate to you before we issue a Confirmation, or as provided in these Terms and Conditions;
• “Company” (referred to as either “the Company”, “We”, “Us” or “Our” in this Agreement) refers to [GIVVA Wealthtech Limited].
•  “Country” refers to [Kenya].
• “Content” refers to content such as text, images, or other information that can be posted, uploaded, linked to or otherwise made available by You, regardless of the form of that content.
• “Device” means any device that can access the Service such as a computer, a cell phone or a digital tablet.
• “Feedback” means feedback, innovations or suggestions sent by You regarding the attributes, performance or features of our Service.
• “Service” refers to the investment platform (Android, Ios & Web Application) and the Website
• “Terms and Conditions” (also referred as “Terms”) mean these Terms and Conditions that form the entire agreement between You and the Company regarding the use of the Service.
• “Third-party Social Media Service” means any services or content (including data, information, products or services) provided by a third-party that may be displayed, included or made available by the Service.
• “Website” refers to GIVVA Wealthtech Limited Website, accessible from https://Givva.world 
• “You” means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
• • “Force Majeure Event” means any of the circumstances referred to in clause 9.7; 
• “Malicious Code” means computer viruses, Trojans, software locks, drop-dead devices, malicious logic or trap door, worms, time bombs, corrupted files or other computer programme routines that are intended to delete, disable, deactivate, damage, detrimentally interfere with, surreptitiously intercept or expropriate any systems, data, personal information or property of another; 
• “Prohibited purpose” means any unlawful purpose (whether such illegality arises in the country from which the funds are saved.

1. You must be of 18 years of age and above
2. You must provide Us information that is accurate, complete, and current at all times. Failure to do so constitutes a breach of the Terms, which may result in immediate termination of Your account on Our Service.
3. You are responsible for safeguarding the password that You use to access the Service and for any activities or actions under Your password, whether Your password is with Our Service or a Third-Party Social Media Service.
4. You agree not to disclose Your password to any third party. You must notify Us immediately upon becoming aware of any breach of security or unauthorized use of Your account.
5. You may not use as a username the name of another person or entity or that is not lawfully available for use, a name or trademark that is subject to any rights of another person or entity other than You without appropriate authorization, or a name that is otherwise offensive, vulgar or obscene.

• We are unable to obtain satisfactory evidence of your identity;
• You provide us with false, incorrect or incomplete information;
• We are unable to reach you via contact details provided by you;
• Your transfer order, information or documentation is not provided sufficiently in advance to allow us to process it in accordance to your request;
• You attempt to tamper, hack, modify, overload, or otherwise corrupt or circumvent the security and/or functionality of the Website and/or the 

• You are in breach of these Terms and Conditions;
• You or the order you placed are in breach of any applicable laws or regulations or are made for a Prohibited Purpose;
• Processing the Service in accordance with your order may expose us to liability;
• We are unable to process your transfer due to variations in business hours, currency availability issues or due to any Force Majeure Event;
• We have reason to believe that any of the foregoing has occurred or is likely to occur; or
• A Compliance Officer has taken a discretionary decision to do so.

• Interest rates may go up as well as down depending on market conditions.
• Interest type – All products will accrue Simple interest on a daily basis.
• Time taken to start accruing interest after depositing the money – After deposit, it will take 2 working days for the interest to start accruing. Money deposited on public holidays will start accruing interest after 2 working days.
• Interest rates and taxes – Interest reflected on the Application is gross of taxes. 
• Interest accrued will be updated in the Goal/Fund Collection Dashboard at the end of every month.
• Applicable interest rates – Indicative interest rates will be indicated In-Application and varies for open goals and closed goals. If the market interest rates increase or decrease depending on the market environment, Givva will revise the indicative interest rates, communication will be made via the Application or updated on the website. 

• If you will withdraw your funds before the locked period is over as indicated at the point of creating your goal, the interest rate applicable for the amount being withdrawn will be the applicable open period interest rate.

• • Mpesa deposit
  • Bank account deposit

• The withdrawal amount that you will receive,
• The balance of your Investment.
• The transaction fee that you will be charged.
• An estimation of time it will take for the funds withdrawn to reflect.

• Mpesa withdrawal
• Bank account withdrawal

• For short-term fund collection events (funds to cater for funeral and medical bills expenses), the community leaders will allocate one member of the community to receive the funds as they create the fund collection event. The details of the member chosen to receive the funds will be circulated to all invitees so that they are comfortable with all the details of the fund collection.
• Authorization of withdrawals for Groups and Communities. The withdrawal will be initiated by one of the three group/community leaders and approved by the other two leaders for it to be effected. The withdrawal will be reflected in the community log page available to all the members of a community. It will also be reflected in the fund collection statement or the goal statement in case of a group goal. 

• • EFT –  Kes. 100
  • RTGS  – Kes. 600

1. You use the Service or attempt to use it for any Prohibited Purpose;
2. You attempt to transfer or charge funds from an account that does not belong to you;
3. We receive conflicting claims regarding ownership of or the right to withdraw funds from the account;
4. You have provided us with false evidence of your identity or you keep failing in providing us with true, accurate, current and complete evidence of your identity or details regarding transactions;
5. You attempt to tamper, hack, modify, overload, or otherwise corrupt or circumvent the security and/or functionality of the Application or to infect it with any Malicious Code;
6. You are in breach of these Terms and Conditions;
7. We have reason to believe that any of the foregoing has occurred or is likely to occur; or upon termination, your right to use the Service will cease immediately. If You wish to terminate Your Account, you may simply discontinue using the Service.

• • Exclude or limit liability on our part for death or personal injury resulting from our negligence,
  • Exclude liability for our fraud, our wilful misconduct or gross negligence.

• an act of God, fire, flood, earthquake, windstorm or other natural disaster, explosion or accidental damage, war, threat of or preparation for war, armed conflict, imposition of sanctions, embargo, export controls, breaking off of diplomatic relations or similar actions, terrorist attack, civil war, civil commotion or riots, pandemic or epidemic, industrial disputes, shortages of raw materials or components, general disruptions to transportation, telecommunication systems, power supply or other utilities; 
• the acts, decrees, legislation, regulations or restrictions imposed by any government or state;
• the actions or omissions of the third parties;
• malfunctions in communications facilities which cannot reasonably be considered to be under our control and that may affect the accuracy or timeliness of messages you send to us;
• any losses or delays in transmission of messages arising out of the use of any internet access service provider or caused by any browser or other software which is not under our control; or
• any Malicious Code interfering with the Service (each, a “Force Majeure Event”).

• a) provide us with accurate, current, complete and true evidence of your identity and any additional information or evidence we may require to confirm your identity;
• b) supply us with all information and documentation we may ask in order to process your transfer and to comply with any legal requirements applicable to us or to our partners (including without limitation, the Savings Regulations );
• c) update all information you provide to us to keep it accurate, current, complete and true;
• d) not use the Service for or in connection with any Prohibited Purpose or attempt to tamper, hack, modify, overload, or otherwise corrupt or circumvent the security and/or functionality of the Website and/or the Application or to infect it with any Malicious Code;
• e) keep your account details secure, you must not share the account or any other transaction details with anybody

• f) We are legally obliged to retain information about our users and the transactions that we process for up to 5 years or as may be required from time to time by applicable law or by any regulatory authorities;
• g) All charges of the Service will be charged using our rate published on the Application or as may be communicated to you before we issue a withdrawal Confirmation);
• h) We reserve the right to increase the charges as per the market demands
• i) You will be liable to us for all losses which we suffer or incur in relation to any fraud or fraudulent activity by you;
• j) You must call us or write an e-mail to us as soon as possible if you believe or suspect that a withdrawal of funds was not executed properly or that the amount has not been received or was only partly received;

• (i) as to the operation or availability of the Service, or the information, content, and materials or products included thereon; 
• (ii) that the Service will be uninterrupted or error-free;
• (iii) as to the accuracy, reliability, or currency of any information or content provided through the Service; or
• (iv) that the Service, its servers, the content, or e-mails sent from or on behalf of the Company are free of viruses, scripts, trojan horses, worms, malware, timebombs or other harmful components.
• The exclusions and limitations set forth in this section shall be applied to the greatest extent enforceable under applicable law.

• How it works – You create an expenditure related savings goal and start saving towards it.
• Purpose of the product –  Encourage you to save for both consumption and capital expenditure as well as wealth building goals.  It supports you reduce the need to borrow for consumption needs. You can plan for your expenditure, save then invest, enabling you buy in cash at a future date. 
• Minimum investment amount – Kes. 5
• Minimum investment period – 0 to 12 months. Renewable after 12 months. The period is optional; you decide how long you would like to keep your money with us. 
• Ideal for – This product allows you to save as either an individual or as a group. 
• Interest Income – You get to earn an interest income on the money invested.
  • Open goal – You can do an open goal. It has the lowest interest earnings, however, you can withdrawal your cash at any time.
  • A closed goal – You choose how long you would like to keep your cash locked in the goal. The longer the period you lock the higher the interest rate.  If you withdraw before your locked goal period is over, the interest rate earned will be recalculated to an open goal interest rate. 
• Group Goals – Each group must have a maximum of 15 members. 

• How it works – We invest your cash (investment) and you get automated cash interest payments on a monthly, quarterly or annual payments.
• Purpose of the product – To provide passive income to meet regular or specific needs, while preserving the asset value.
• Minimum investment amount – Kes. 500,000. Where your investment falls short of the Kes. 500,000, it will continue earning an interest but the regular cash payments will be triggered by reaching the Kes. 500,000 mark.
• Minimum investment period –12 months. You can choose to withdraw your investment or renew it. 
• Ideal for an individual.
• Interest income – the monthly interest income is based on prevailing market rates for the 12 month’s period.  Monthly income drawdowns cannot exceed 2.5 times of the interest earned. This is to make it possible for you to receive at least 80% of your initial investment at maturity.
• Principal withdrawal amounts – You can withdraw upto 20% of your initial deposit at any time.  Higher than 20% withdrawals will lead to recalculation of the interest rate to open period investment rate for the full withdrawn amount.

• How it works – You create an income related savings goal and start saving towards it.
• Purpose of the product –  Build a savings culture by aiming to save at least 10% to 15% of your income
• Minimum investment amount – Kes. 5
• Minimum investment period – 6 months to 12 months. Renewable after 12 months. The period is optional; you decide how long you would like to keep your money with us. 
• Ideal for an individual.
• Interest Income – You get to earn an interest income on the money invested. The interest rate is based on prevailing market rates.
• It is a closed goal – You have a choice to lock your goal for 6 months or 12 months. The longer the period you lock, the higher the interest earning.  If you withdraw before your locked goal period is over, the interest rate earned will be recalculated to an open goal interest rate. 

• Communication capabilities – Chatting and Dashboard Announcements
• Fund collection capabilities. It supports five (5) types of fund collection events;
  • Short-term Fund Collection Events
  • Community Projects Fund Collection Events
  • Repeat Fund Collection Events
  • Anonymous Fund Collection Events
  • Subgroup Specific Fund Collection Events
• Plan and create your fund collection event, inviting your community, friends and family to participate. 
• Minimum contribution amount – One can contribute from Kes. 5 or USD 0.042
• Communities will have an option to invest the funds collected. 
• Open or locked investments – the community may decide to lock the funds collected in an investment or keep them in an open investment period. 
• The interest rate is based on prevailing market rates and the period of investment and whether it is open or locked investment.
• Any withdrawals for locked investments that are above 50% of the total invested for every 30-days period will earn a lower interest rate commensurate to the open period interest rate

• a) Members join the community of their own volition. 
• b) Community leaders have accepted to be leaders of the community and that the members accept to be led by these leaders.
• c) All fund collection events created within the community are as per the communities’ traditions and constitutions.
• d) All funds collected by members in the community are received by the community and both community leaders and members have visibility of the funds collected.
• e) Where the funds collected are not withdrawn immediately or are locked into investment, both community members and leaders will have visibility of the funds and interest earnings.
• f) The Community will have visibility of the withdrawal transaction from which point Givva will no longer be responsible for the funds. 

•  Review of the Community Details; name of community, location, mission and vision of the community.
• Review of Community structure; number and names of subgroups
• Review of Community members; names and allocation into subgroups

• a) Only Community leaders will have capability of creating fund collection events within the communities and inviting members of the community to the fund collection. They can invite all members or only some of the community’s subgroups as they will find fit.
• b) Making decisions in regards to whether the funds collected in the fund collection events will be invested, what portion of the funds and for how long they will be invested.
• c) Withdrawing the funds collected from the platform.
• d) For short-term fund collection events, the community leaders will choose the member of the community who will receive the funds collected. They will also choose the frequency the funds will be paid to the affected member of the community. 
• e) All other funds will be withdrawn into the community account.

• a) Send dashboard announcements
• b) Oversee chats done in every subgroup of the community.
• c) Make decisions in regards to communication capabilities within the community.

• a. Accepting new members into the community.
• b. Removing members from the community.
• c. Managing subgroups; creating new subgroups, removing, and editing names of subgroups.

• a) All Community reports will be available to the community leaders. 
• b) They will have a right to ask for any other reports that they may require from the Company regarding their community.

• Agreeing to be a member of that community, 
• Accepting the community leaders as the leaders of the community that the member has joined
• Accepting to be led by these leaders. 
• Accepting to be bound by the constitution of the community

• View of the other members of the community, 
• The structure of the community – community subgroups and subgroups.
• Right to exit the community if they no longer want to be members of the community.

• i. Accepting that they know the community.
• ii. They have voluntarily joined the community.
• iii. That they know the 3 community leaders and are happy to be led by them.

• i. Name of fund collection event
• ii. Short description of the fund collection event
• iii. In the case of a short-term fund collection event details, name of the person that the funds will be sent to.

• View Community reports showing members and subgroups in the community. 
• Have view of the community Account Number
• Have access to the community activity log, members’ acceptance into the community, all fund collections created, community members exiting from community, leaders exiting community.
• View any other reports that their community leaders will allow access to.

• Approve or decline to work with a community based on our due diligence.
• Givva will automatically halt the normal functionality of a community at the exit of a leader.
• Where a community has a change in leadership either due to an exit or as normal process of the community changes leadership at the end of a particular period of time. 
• The leaders will write formally to Givva and request for change in leadership in the platform.  
• On receiving new instructions from the community, Givva will do its due diligence before allowing full functionality of the community to resume.
• The impact of a leader exiting will be as follows;

1. Fund collection events

• • The community will not be able to withdraw any funds into the community’s receiving account until it has 3 fully functional leaders.
  • Previously created short-term fund collection events will continue discharging funds to the chosen member as per the creation instruction.

2. Communication will be done as usual.

3. Member management and community structure will be put on hold until all community leaders are in office.