Money Lending Company Is Very Important

M wholenessy alter community Is actu each(prenominal)y Importantmvirtuosoy Lending fond club is very important for a person or come with non only in Philippines hardly likewise globally. notes Lending Company allows the person or alliance to lend money to use at any necessary demand but in slide by they dedicate to pay for it plus its strain. umteen throng think money modify is all about the social occasion of money, special(a)ly for those people who be in this kind of business and for some(prenominal) debtors, but on the second thought we realized that money lending arrangement is not just a typical manual(a) musical arrangement that calculates the interest and the balances of the debtors. At the very moment that some debtors borrow money to the caller may clear its security for the data of his/her balances and for those who has this kind of confederacy in addition has the security that is reli fit, paperless works that commence of big expensive by sendi ng the debtors notices through email and text messages.Manual establishment and computerized administration has many differences not only in how to use it but in any case in the features and the magazine that you go forth consume working in the manual than to computerized. Manual placement ar hardly use by the employee and the clock time that bequeathing consume in saving files on f gagaers and searching the name calling or the record of the debtors manually. This is one of the reasons why the crowd decided to take a leak a system that go out help them to make their work belatedly and secured, useful and easy to use by the employee.Lending companies nowadays provides folders, lockers and cabinets to honour the files and data of the debtor and his allowance sheets. Manually computing either payments proceedings and write in their sheets. It exit be hassle for an employee discourse a huge number of debtors and sort it one by one. More employees depart be involved f or the job to finish on time and not that secured file keeping storage. Files may be lost, and misplaced.The proposed system will win the employees, the gild and the debtors. It will be less hassle to an employee writing the add up of the payment of one entry of debtor, making the phoner lessens the personnel handling the system. The proposed system will automatically calculate payments, monthly payments, and short payment of the debtor, taxes, and also the penalty for late payments.Due to rapid evolution of technology, many manual systems have been automatise by computers. An example of this is the database. Before the world of computers, during the dark ages of technology, most employers and employees store their files in huge filing cabinets. If by any chance they have to search for a certain file, they turn over in and spend a lot of time looking for one or more(prenominal) folders and spends an some otherThe chemical group observes that every day, there atomic numbe r 18 numerous persons or alliance who would like to lend, Due to this case, the Money Lending Company conducts examination of requirements in case the borrower are approved or not. In this setting, the examinees are required to fill up any discipline or paper-based practise. By saying manual, the group notices that the attach to is using the old pen and paper system. The debtors will be given more than abounding time to finish the papers and the information given by the borrower will be written in a separate sheet of deposit paper. After the examination for requirements the examinee will be ask to cargo deck for the results. If the appli stopts will be approved, he will then be schedule for an interview. If the result shows otherwise, he will not be allowed to borrow.The group sees secret code against this old system but ironically believes that it is about time that Money Lending Company such as Alay Buhay Development fundament Inc. goes with the liquefy of todays fast pa ced technology. There is a lot of Money Lending Company who have adopted the idea of Automated Money Lending learning System.Adopting the same innovation opens yet another portal for Alay Buhay Development creation Inc. Potential borrowers will be awed by the latest technology use by the proponent to give back an accurate computation, information and and so onThere are numerous programming languages that are taken into posting for further study and review. Among these programming languages are Visual Basic, JAVA, Visual C and many more. The group believes that undeniably the arrival of Visual C in the programming language world has made several breakthroughs. With this idea at hand, the group believes that the best programming language that would definitely suit the involve of the Money Lending Information System for Alay Buhay Development Foundation Inc. would be Visual C. Any information will be unploughed in a database for afterlife references, in order to secure and unp lowed these information, the group proposes MSSQL. And we will provide a very user couthie interface not only for the borrowers but for the Administrator as well.The group believes that the growing of Money Lending Information System for Alay Buhay Development Foundation Inc. will deliver a major impact as the company progresses and evolves into a better Information Technology environment. The study will deliver exciting new look in Money Lending Company system.Background of the StudyA dynamic and innovative community information bum that empowers and transforms lives of the socially disadvantaged, of families and communities, this was the vision of Alay Buhay Development Foundation Inc. which was a Money Lending Company.In 1986 Alay buhay was founded by people who have a indefatigable effort of portion poor people, because of the dehumanizing effect of the poverty they made this buttocks to save a those children that are in deficiency of help. Alay buhay development founda tion is not only a typical lending company, this company has also give chances for the poor they give help to the poor Filipino children to go by their study by making a scholarship program. They decided to have money lending for their company because the benefit of the said program would be given to those children and in additional Alay buhay development foundation also creates a micro entrepreneur for the those people without job.In 2005 Alay buhay have their success of forked out their operate in Marikina, Manila, Caloocan and Rizal Province,these places has know for the where numerous numbers of children are not studying and not afford to study.Despite of having branches they must have a system which is secured and reliable for them to have many debtors for the sake of the people who benefits with them.According to Alay Buhay their delegacy is As a people-oriented development ecesis, we commit to act on community-driven and capability-building programs and services through education, enterprise development, and community empowerment projects geared to grant to national development. This means they will have to develop and help others, by making programs for the benefit of the out of school children, to give projects to develop our community.Alay buhay has known for their various realization making them become popular by helping other people, they have the recognition given by the Department of social welfare and development(DSWD) as the social work building projects and giving their services for women, family and most specially to the out of school children. They also received recognition from the province of Rizal.The inclinations of the company are to develop a self-sustaining organization responsive to the needs of targeted communities and to mobilize local and international resources to support Alay Buhays development efforts and initiatives. And the main goal of the company is to partner with communities and organizations towards the fruitio n of the vision and mission of Alay Buhay.Alay BuhayDevelopment Company is located at 3rd Floor Criselda 1 create 109 Scout de GuiaStreet,Bgy. Sacred Heart Quezon City, 1103 Philippines it was founded by Mr. Antonio L. Sayo with the partnership of some local government units and some government agencies.Conceptual FrameworkStatement of the enigmaMany of the problems concern the management and employees of money lending companies today. From manual to automated system, is one way of minimizing the problems of having data loss, miscalculation, and secured record keeping of the debtors. The proposed system will have a solution for the problems.How will the proposed system be able to lessen the time and work needed to compute the adds and interests?Can this proposed system be a tool to organize the records needed by the company and data of debtors?What safekeeping measures can we create to avoid redundancy of debtors files? entailment of the StudyThe significance of this system with regards to the direct person which is the organic employee of the company are the following in keeping up with the records of the companies clientele it would be easier and more accessible on their part to look it up on a computer database which is more secured and accurate than to rummage it in a manual records filing cabinet.And in keeping an up to date records of the periodic exertions of the clients, the strain of manually stimulationting the records of the daily transactions of a particular client in the record files, it would be much easier for them to directly input the said transactions in the computerized system for the ease of record filing.With regards to the mediate person or debtors, the system will automatically give them an incursion to their present loan transaction, wherein they could easily update their loan payment and their loan status it would also give them more ample time for their other concerns by shortening the time that they will spend in manually inqu iring about their loan status. The debtors will also avoid subject penalties on their loans because the system will alert the company employees of the debtors who are abandoned in their payment of loans. It would also be an ease for the debtors to deal with the companies employees because all the concerns with regards to their loan transactions are all in real time versus the time consuming manual system that would take days to concentrate a general loan status inquiry.With regards to the direct impact of the system program on the company, they will for sure attract more clients or debtors to their company because of the ease of transacting business, wherein the computer program system will attention them in all their dealings with their clientele.In terms of Human resources, the company will save time and money by employing a minimum number of employees working for them, because the computer program system in the company will always assist a particular employee in every aspect of their work, and their working conditions will not be too strenuous, because every diverse detail of it can be readily accessible on their computer system program. The company will surely reap more profits and will make a good use of their save time in other concerns of the company because of using the system program. range of a government agency and DelimitationScopeThe proposed system, Money Lending Information System will replace the old paper based system used by Alay Buhay Development Foundation Inc The Money Lending Information System shall be used companys administrator to assess the interest or calculate the yearly strain without having problem computing.The system shall be programmed and designed Visual C. The database which will contain all the data borrower or employer will be stored and kept secure using with Microsoft SQL (MSSQL) and OLEDB will be use to bond the user-interface and database. Advance skill in Visual C shall provide a very user-friendly interface no t only in the round but for the administrator as well.Before the step proper, the borrower or employer will ask to fill-up a simple information sheet and after the fill-up, the rung will input the information in the proposed system in order to store their credentials in the company database. Their information will be kept in the database for future references. If the borrower or employer will passed the interview and approved, the stave will input necessary information such as emblem of payment, how much to be borrowed, due date, interest, requirements and other important information. If the old system uses Microsoft Excel to store the borrowers information and compute the interest and payments, the proposed system can convert assessment that are made through Microsoft Excel, the staff are now exempted through manual transferring of data in the database. Emails and text messages will be received by the borrower or employer couple of days to give notice them for the due dates.The proposed system will be precise and accurate for the single of the company. This system ought to minimize the work load from employees who would have better things to do rather than computing for a long period of time. The borrower or employer is also restricted in edit outing or deleting any previous bailiwick that they have already placed.DelimitationIf by any chance that electric ill fortune or hardware malfunction occurs, the old system will always come in handy. Electrical failure may cause the computers and other gadgets to halt their processes. This means that the old pen and paper mode will come in handy during this time. A hardware failure on the other hand may halt the process of the proposed system. If by any chance that the server where the system is installed does not function correctly, a system failure most likely occurs.The systems database is also limited to the uttermost capacity of MSSQL and the disk space of the system where the proposed system is currentl y installed. The ballpark solution is to print the contents or store it in a different media for backup.The proposed system is limited to the calculations and the display of other information. It will not handle any data manipulation such as edit and delete function for it will open the idea of staff to skirt such an important the data.Definition of termsLoan An arrangement in which a lender gives money or property to a borrower and the borrower agrees to return the property or repay the money.Debtor An individual or company that owes debt to another individual or company, as a result of acceptation or issuing bonds also called obligor.Clientele The client or customers, as of a professional person or shop, considered collectively a group or body of clients.Lend To grant the use of money or something else of value, with the understanding that it or something else of will be returned at a future date value.Money Lending System is money lending application software developed to whic h able to process large volume of records and transaction data in companies.Interest The fee charged by a lender to a borrower for the use of borrowed money.Lender A private, public or institutional entity which makes funds available to others to borrow.Database consists of an organized collection of data for one or more uses, typically in digital form.Administrator a person for the performance or management of administrative business operationsHuman resources is a term used to describe the individuals who comprise the custody of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations. Human resources is also the name of the function at bottom an organization charged with the overall responsibility for implementing strategies and policies relating to the management of individuals (i.e. the human resources). This function title is often abbreviated to the initials HR.User-Interface is (a place) where interaction betwee n humans and machines occurs. The goal of interaction between a human and a machine at the user interface is effective operation and control of the machine, and feedback from the machine which acquired immune deficiency syndrome the operator in making operational decisions.Credentials is an attestation of qualification, competence, or authority issued to an individual by a third party with a relevant de jure or de facto authority or assumed competence to do so.Automated System is the use of control systems and information technologies to reduce the need for human work in the production of goods and services. In the scope of industrialization, automation is a step beyond mechanization.