5. Declaration and Submit
We at MAVENCO — Mandaue City Public Market Vendors Multi-Purpose Cooperative value your privacy. We give this notice to inform you of the ways in which we collect and process your personal information and the means by which you can control, to a certain extent, these processes. As the personal information controller under Republic Act No. 10173 or the Data Privacy Act of 2012, MAVENCO Mandaue City Public Market Vendors Multi-Purpose Cooperative gives this notice to inform you of what personal information we collect and how your information will be processed and shared.
Information Collected
The type of personal/sensitive data that we collect depends on the product or service that you avail or intend to avail from us, including but not limited to:
Basic Member Data
- Complete name — first, middle, surname, maiden name, spouse details, parent's details
- Member Coop ID# / Passbook#
- Date, place of birth
- Gender and civil status
- Member status in the cooperative (active, delisted, withdrawn)
- Present and previous addresses, type of house ownership
- Residence in the last two years
- Government-issued IDs (SSS, TIN number, GSIS) and other IDs with expiration
- Current and previous employment in the last five years — employer name, employer address, employer contact number/s, employer's TIN
Member's Loan/Credit Information
- Original amount, date requested, released, and outstanding balance per loan type
- Credit/loan status (current/delinquent/past due/date written off/others)
- Mode of payment, amount paid, periodicity, and terms
- Security/collateral type (assignment of deposits/share/REM/chattel)
- Amount past due, age of account (days)
- Adverse information (account under litigation, foreclosure proceedings ongoing, small claims court filed cases, resolution of disputes taken)
- Loan updates status date
Additional Personal Data Collected Over the Course of Our Relationship With You
Over the course of our relationship, we may collect data about you including but not limited to your transactions, account history and information, and inquiries about our products and services. Personal data that we collect is authorized under:
- Republic Act No. 9160, or the Anti-Money Laundering Act of 2001, to verify the identity of individuals;
- Republic Act No. 9510, or the Credit Information Act, for the submission of personal and credit data of borrowers to the Credit Information Corporation (CIC);
- Republic Act No. 6938 as amended by RA 9520 (Philippine Cooperative Code of 2008), for the submission of member's personal and membership data to the Cooperative Development Authority (CDA);
- SMS (Short Messaging Service), a service for sending messages to individual members through mobile phones that use the global system for mobile communication, in text format, for real-time confirmation of transactions made to the cooperative.
Purpose of Collection
The information about you will be processed only according to the following purposes:
- Availment of the cooperative's products and services;
- Establish, confirm, update, and review customer records;
- Conduct customer risk, capacity, and suitability assessment;
- Perform internal business operations such as credit and risk management, product development and planning, market research, audit, and administrative purposes;
- Any other legitimate business purpose that is necessary and related to the fulfilment of the contract between you and the cooperative;
- Any other legitimate business purpose that the cooperative may deem necessary; and
- Any other processing that is necessary to comply with a legal obligation.
Data Sharing and Outsourcing Agreements
The Cooperative shall also have the discretion to enter into data sharing agreements with the Philippine Cooperative Central Fund Federation for the purpose of establishing a Cooperative Credit Information System. The Cooperative may also provide your personal and sensitive information, in the ordinary course of business, to the following parties for any of the purposes set out above:
- Any agent, contractor, or third-party service provider who provides relevant services to the Cooperative;
- Credit bureaus or credit reference agencies;
- Any regulatory, government, tax, law enforcement, or other agency or authority, or clearing house, for the purpose of complying with applicable laws and regulations.
We assure you that your personal information will be protected according to the data protection principles under RA 10173 and its implementing rules and regulations, and guidelines issued by the National Privacy Commission.
Rights of Data Subjects Under RA 10173
Under RA 10173, we inform you that you have the following rights:
- Right to access your personal data;
- Right to require the correction of any inaccurate data;
- Right to request destruction of personal data pertaining to you that is no longer necessary for the purpose for which it was obtained, subject to the procedures prescribed by the Cooperative, in regard to which you may contact the Cooperative's Data Protection Officer or Manager.
I, whose name appears above, confirm that all the information disclosed in this Member Information Data Sheet is correct and complete. Any changes in the foregoing information shall be communicated to the Cooperative. I authorize the Cooperative to verify and investigate any and all information given by me which the Cooperative may deem appropriate.
- I acknowledge and authorize the regular submission and disclosure of my basic credit data (as defined under Republic Act No. 9510 and its implementing Rules and Regulations) to the Credit Information Corporation (CIC), as well as any updates or corrections thereof.
- I authorize the sharing of my basic credit data with other lenders authorized by the CIC, and credit reporting agencies duly accredited by the CIC.
Application Submitted
Thank you for completing your MAVENCO Member Information Data Sheet. Your application will now be reviewed by the Membership Records Department (MRD).
Please allow a few working days for the review. MAVENCO will contact you using the mobile number or e-mail address you provided if any additional information or documents are needed.