Lending System

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CHAPTER – I

The Problem and It’s Setting

INTRODUCTION

As the world moves a global electronic place, lots of establishments are not upgrading their computers to the latest features just assures that their clients will be satisfied by the services that they give and create a friendly environment to each member.

The existing loan transaction processing system used by the Kaguruan – Multi- Purpose Cooperative is manually operated. The loan takes two (2) days to be processed. This can be obsolete because of the presence of the computers, which could facilitate any transaction at faster rate. They use computer merely for their documentations and not for their system. In fact, they only use word and excel which are the generally used Microsoft office works and not a specific task. That’s why; their use of computer does not help to make their process faster and accurate. Since loaning/credit is primary service offered by the KMPC, we should create a better way to facilitate processing of every member’s transaction and queries. Thus, the system will automatically check the status of each member/staff once they login making it not time consuming for both of them.

In that case of Loaning System that will provide easier and faster of loan transaction processes for KMPC is proposed.

If this system will be successful, members and staff will reduce their works if we can do it, this can aid the problem of technicalities and can be more efficient and user friendly to them.

BACKGROUND OF THE STUDY

1. Our modern world in computerized system which deals in the study of computer- based loaning system process of the Kaguruan Multi- Purpose Cooperative started October 17, 1995, under the supervision of Mr. Roger O. Carrido the cluster manager and principal of Basud National High together with Mr. Virgilio C. Olila cluster president of BNHS cluster teacher association. 2. The existing loan transaction process use by the KMPC is manually operated that’s why, we proposed a better way to facilitate processing and accurate system for faster and queerer processing of loan. 3. The proposed loaning system in Kaguruan Multi- Purpose Cooperative is about the computer –based of the transaction of loan and accurate period of loan transaction. 4. The proposed loaning system has quicker retrieval, an accurate computation of loan, and security access for safekeeping of files. The system are to use and manageable to lessen enough the processed of loan.

STATEMENT OF THE PROBLEM

This research study aimed to propose on Loaning System for KMPC. Specifically, it sought to answer the following questions:
1. What is the existing system in loan transaction of KMPC 2. What are the problems encountered by the KMPC employees along the existing loaning system of cooperative? 3. What alternative solution may be implemented to solve the problems on the loaning system of KMPC? 4. What kind of transaction should be use to further enhance the services given to the borrower’s by KMPC developer. 5. What information system could be developed/implemented for the transaction process of KMPC?

OBJECTIVES

The general objective of the study is to, develop and validate an effective computer based loaning system of KMPC.

SPECIFIC OBJECTIVES

To improve the loaning system by;
a. Computer based of recording application form;
b. Fast storing and retrieving of data;
c. Avoid redundancy of records;
d. Reducing the time in loan transaction processes;
e. Safekeeping and securing of borrower’s files;
f. Computing loaning process;
g. Computer based registration.

ASSUMPTION

The assumption of this research is a program may be developing to enhance the loaning system of Kaguruan Multi-Purpose Cooperative.

SCOPE AND DELIMITATION

The study covers the loan transaction process in Kaguruan Multi- Purpose Cooperative. Its’ main concern is to develop a system that...
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