KTDA-SACCO: A mobile-based loan application for calculating and processing loans
Date
2021
Authors
Latifa, Sally Latifa
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
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.
Description
An Information System Project Project 2 this project developed submitted to the
Faculty of Information Technology in partial fulfilment of the requirements for the
award of the Bachelor’s Degree in Business Information Technology of
Strathmore University