Loan information management system:

Abstract

This paper presents a careful study and analysis of an existing manual loan management system at Tororo farmers association and aimed at designing a web-based Loan management system in order to increase the efficiency and accuracy of the SACCO. The loan management system is a web-based system business solution which is utilized to simultaneously track sales activity in addition to inventory. The study was carried out to reduce the problems of inconsistency and inaccuracy of loan and mismanagement of the record due to the existing manual system used. An analysis of the existing manual system was done to get a better understanding of the system. Hence, Rapid Application Development (RAD) methodology was used in this research to implement an iterative methodology which is suitable for stand-alone applications that can be updated from time to time as may be required by the web-based system. Testing was done in every phase of the development life cycle to ensure that the new system worked properly. The system was designed and implemented using PHP programming language and MYSQL for the database. This system designed provides a daily, weekly, monthly, and yearly report of all the transactions in the SACCO and other activities such as product sales, customer’s registration among others.