Lending: Data Flow Diagram and Loan Transaction Loan
SOFTWARE ENGINEERING ”Automated Lending System”
Prepared by: Deladia, Irish D.
Background
ENTREPRENEUR ALUMNI DEVELOPMENT COOPERATIVE (EADCOOP) was organized on August 30, 1995 by 18 graduates and 2 Entrepreneurship teachers from Bicol University College of Arts and Letter. The cooperative was created to serve as mother unit and link for financial assistance of the members thru their share capital and inter-lending scheme from other sources. Through this cooperative, members will have an adequate working capital for their on going business, increase their income for the family, and generate more employment for other people in the locality where their businesses are established. Thus promoting thrift, savings, capital formation and social reforms. As of December 31, 2009, the cooperative has a total membership of 1,893 both regular and associates. The cooperative was steadily growing its consumer and commercial loan portfolios. This growth was attributed to the very good implementation of micro finance operation; however regulatory environment was also growing. The number and complexity of regulations was mounting and the cooperative did not want compliance requirements to slow down its lending business. These difficulties paved the way for the creation of new system, by using automated transaction solutions for lending. The system requires documents according to loan type and other variables and allows the bank to build standard transaction templates preset with its fees, charges, increase methods, and amortization methods.
The Present System
1. When a client wants to make loan, member of the staff will be identifying the prospective borrower and a Client Profile Index form to be fill up which records basic information such as name, address and other surveys. And another form which is the Application for Loan which records the loan amount applied 2. The form will be submitted to the management for
Prepared by: Deladia, Irish D.
Background
ENTREPRENEUR ALUMNI DEVELOPMENT COOPERATIVE (EADCOOP) was organized on August 30, 1995 by 18 graduates and 2 Entrepreneurship teachers from Bicol University College of Arts and Letter. The cooperative was created to serve as mother unit and link for financial assistance of the members thru their share capital and inter-lending scheme from other sources. Through this cooperative, members will have an adequate working capital for their on going business, increase their income for the family, and generate more employment for other people in the locality where their businesses are established. Thus promoting thrift, savings, capital formation and social reforms. As of December 31, 2009, the cooperative has a total membership of 1,893 both regular and associates. The cooperative was steadily growing its consumer and commercial loan portfolios. This growth was attributed to the very good implementation of micro finance operation; however regulatory environment was also growing. The number and complexity of regulations was mounting and the cooperative did not want compliance requirements to slow down its lending business. These difficulties paved the way for the creation of new system, by using automated transaction solutions for lending. The system requires documents according to loan type and other variables and allows the bank to build standard transaction templates preset with its fees, charges, increase methods, and amortization methods.
The Present System
1. When a client wants to make loan, member of the staff will be identifying the prospective borrower and a Client Profile Index form to be fill up which records basic information such as name, address and other surveys. And another form which is the Application for Loan which records the loan amount applied 2. The form will be submitted to the management for