Lending Sytem

Lending System

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.