Kenyan based credit institution with a mission to expand access to credit and lower the cost of borrowing for the millions of people that traditional banks are typically unable to serve.
Project – Loan Management System
Objective : To improve the speed and accuracy of loan processing, reduce manual errors, and improve the efficiency of loan operations.
Key features:
- Loan Origination: This module allows lenders to receive loan applications from borrowers and evaluate their creditworthiness based on a set of predefined criteria.
- Underwriting: This module helps lenders to make informed decisions about loan approvals and determine the loan terms, such as interest rate, loan amount, and repayment period.
- Disbursement: This module manages the disbursement of loan funds to the borrower and tracks the loan disbursements in real-time.
- Repayment: This module enables the lender to manage loan repayment schedules and track borrower payments. It also generates automated reminders for missed or late payments.
- Loan Servicing: This module handles the ongoing management of the loan portfolio, including payment processing, interest calculation, and balance updates.
- Reporting: This module generates reports on loan performance, borrower behavior, and portfolio management to help lenders make informed decisions.