Loan Recovery and Credit Rating System

The case study discusses the creation of loan recovery & credit rating software by SkyGold Taxi to address challenges in managing education loans in Zambia. The system tracks loan details, facilitates repayment, and integrates real-time credit reporting, significantly enhancing efficiency and transparency in loan management and credit assessment.

Loan Recovery and Credit Rating System
Industry-Type
Industry

Fintech

Industry-Type
Devs on Team

5

App Type
App Type

Government

Methodology Used
Methodology

Waterfall

Platform
Platform

Web Application

Client Country:
Zambia

Zambia

Tech Used
Technologies Used:

.NET MVC, MS SQL

Client Intro

SkyGold Taxi, a client in need of web application services, sought to develop a SaaS platform for investment management. Their goal was to create a system for handling a range of investments and debts, including stocks, mutual funds, real estate, and loans, with a focus on generating detailed reports for informed investment decisions.

Client Intro

Transforming Project Management : Challenges, Solutions, and Achievements


Challenges Client Faced

Challenges Client Faced -

  • Difficulty in accurately capturing and presenting loan details in the Zambian education loan recovery system.

  • Inefficient tracking of students who received loans and their repayment status post-graduation.

  • The existing Credit Rating System in Zambia was inadequate for capturing critical credit information efficiently.

  • Challenges in creating effective repayment schedules and facilitating employer-based loan repayment.

  • Lack of a comprehensive system to manage and report educational loan data.

What we did to fix it -

  • Developed an Educational Loan Recovery System to track loan details and create repayment schedules.

  • Enabled employer-based loan repayment calculation for deduction from employee salaries.

  • Updated the system with every repayment, providing real-time loan balance status.

  • Integrated loan details with individual credit reports for accurate credit status appraisal.

  • Implemented a comprehensive Credit Rating Software for real-time financial assessments.

What we did to fix it

What we Achieved



 Streamlined the entire process

Streamlined the entire process of educational loan applications, disbursals, recovery, and credit management.

 Enabled comprehensive reporting

Enabled comprehensive reporting of educational loans, student details, and repayment methods.

 Significantly reduced losses

Significantly reduced losses incurred from untracked disbursed loans.

Enhanced government control over funding loans to new students

Enhanced government control over funding loans to new students.

Improved business efficiency

Improved business efficiency of financial institutions by 45% in assessing loan applications.

 Facilitated real-time credit ratings

Facilitated real-time credit ratings for individuals and companies.

 Improved transparency and efficiency

Improved transparency and efficiency in the credit assessment process.

Key Features we Delivered


University, College, and Student Management

University, College, and Student Management

Course and Loan Applications Management

Course and Loan Applications Management

Loan Disbursement and Recovery Processes

Loan Disbursement and Recovery Processes

Employer and Employee Management for Salary-based Loan Recovery

Credit Rating Module with Financial Institutions Management

Credit Rating Module with Financial Institutions Management

Real-time Loan and Credit Reporting Tools

Real-time Loan and Credit Reporting Tools

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