KTDA-SACCO: A mobile-based loan application for calculating and processing loans
Latifa, Sally Latifa
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Savings and credit cooperative organizations(SACCO) provide savings, financial products, and services, maximize return savings to stakeholders, investments, and applying for a loan. Kenya Tea Development Agency(KTDA) is an organization that has a SACCO that mostly helps Kenya Tea farmers in their financial life. The Kenya Tea Development Agency needs to no inorder to improve the members of the Sacco's financial life they require an improved SACCO system. KTDA Sacco's current loan application system is web-based. This system is very challenging because its inefficient and time-consuming requires paperwork to be processed manually. This project developed aims to solve the problem by coming up with a technologically efficient solution. This is through a loan mobile-based application system that will assist KTDA associates to condense time consumption and aid to store information using modern technology. Current systems such as loan system based on a smart card which uses a combination of blockchain and smart card technology reviewed in this project developed but doesn’t solve the problem. Besides, a web-based loan application system that uses software as a service was also reviewed although it does not solve the problem of the project developed at hand. The methodology to be used is rapid application development this is because it allows quick iterations that decrease development time and speed up delivery. An object-oriented approach will be taken towards the step of development of the solution. The designs used are the use case diagram, sequence diagram, database schema, and Gui designs and mock ups. Tools to be used in this project development would include, java programming language, firebase database tools among other development platforms. The system testing techniquesthat were used to ensure the system meets the specified requirements was black box testing which enabled the development of test cases and results of the project developed. The system developed was a loan sacco application that enables KTDA members to apply for a loan and calculate their loans and also solving their current loan application process.