An Innovative Framework for Integrated Loan Management with QR Code Enhancement


  • Anthony I. Otuonye Department of Information Technology, Federal University of Technology Owerri, Nigeria
  • Perpetual N. Ibe Department of Computer Science Technology, Imo State Polytechnic Umuagwo Owerri, Nigeria
  • Dominic O. Njoku Department of Computer Science Technology, Imo State Polytechnic Umuagwo Owerri, Nigeria
  • Irene F. Eze Department of Computer Science Education, Federal Collage of Education (Technical), Umunze, Nigeria



Loan Scheme, Loan Security, Microficance Bank, Management, QR Code


This research paper aims at design of an innovative framework scalable and integrated loan management with Quick Response Code enhancement, which will guarantee easy and better-secured loan validation and processing in microfinance banks and other lending institutions. As the number of microfinance bank customers in need of personal loans rises on a daily basis, especially in the post COVID-19 era, management is faced with the complex job of loan application verification in order to correctly determine eligibility for a loan. There is the challenge of coping with fraudulent customers who make false claims with their loan application documentations, sometimes seeking to access multiple loans from more than one microfinance banks and using single collateral security. There is need for a central regulatory agency that links up major lending institutions in a collaborative effort to forestall incidences of multiple loan access using single loan security. Our new model will also forestall activities of some fraudulent bank officials who go as far as granting credit facilities to their friends and family members without following due process and using their privileged positions to obtain unsecured loans for themselves and their relations, sometimes in excess of bank’s statutory lending limits, and in total violation of the provisions of policy of microfinance banking sector. Our new model was designed using the Rapid Application Development (RAD) methodology following its high involvement and concentration on user’s viewpoint as well as its ability to change system design on the go based on user demands. Implementation of the new system was done using such development tools as PHP, JavaScript, MySQL, and Visual Studio. Basic functionality testing was carried out on the system to make sure all the buttons on every screen works as desired, and to ascertain that the system could forestallincidences of “insider abuse” and that loan approvals are done according to internal and external regulations.


A. Dickson, H. Emad and A. Joe, “Theoretical and Conceptual Framework: Mandatory Ingredients of a Quality Research,” The International Journal of Scientific Research, Vol. 7, pp. 438-441, 2018.

S. Azhar and M. Meiryani, “System Development Methodology with the Prototype Method,” International Journal of Scientific & Technology Research, Vol. 8, No. 7, 2019.

P. Beynon-Davies, C. Came, H. Mackay and D. Tudhope, “Rapid Application Development (RAD): An empirical review,” European Journal of Information Systems, pp. 211-223. DOI: 10.1057/palgrave. ejis.3000325, 2014.

Blog.stackpath, What is a Web Application? How a Web Application Works in,, May 31, 2021.

D. Deninzon, N. Malik and A. Kapoor, “Banking Operations for a Customer-centric world,” Retrieved from McKinsey & Company:, 2019.

C. Dhanapal and G. Ganesan, “Measuring Operational Efficiency of Public Sector Banks in India,” International Conference on Business and Management, Phuket-Thailand, pp. 6-7, 2012.

D. Jansen and K. Waren, “What is Research Methodology? A Plan-Language Explanation and Definition,” 2020 in

S. Dube, S. Ndlovu, T. Nyathi and K. Sibanda, “QR Code Based Patient Medical Health Records Transmission: Zimbabwean Case,” Proceedings of Informing Science & IT Education Conference (InSITE) 2015, pp. 521-520, 2015.

J. Z. Gao, L. Prakash and R. Jagatesan, “Understanding 2D-barcode technology and applications in m-commerce-design and implementation of a 2D barcode processing solution,” 2020 in J. Z, Prakash, L, Jagatesan, R. Understanding 2D-barcode technology and applic Comput. Soft. Appl. Conf., Vol. 2, No. 3.

N. Hirzallah and F. Masalha, “A Students Attendance System using QR Code,” International Journal of Advanced Computer Science and Applications, Vol. 5, No. 3, pp. 75-79, 2014.

K. Clementina, “Microfinance Banks Operations in Nigeria, Constraints and Suggested Solutions: An Evaluation,” Global Journal of ContemporaryResearch in Accounting, Auditing and Business Ethics (GJCRA), Vol. 1, No. 2, 2015.

K. Katharina, F. Peter, K. Peter, K. Ioannis, H. Markus and W. Edgar, “QR Code Security: A Survey of Attacks and Challenges for Usable Security,” SBA Research, pp. 1-8, 2014.

S. A. Kharat, B. M. Panage and S. Nagarkar, “Use of QR code and layar app for academic library services,” Librar Hi Tech News, Vol. 34, pp. 21-28, 2017.

L. Liguo, T. Zilu, and K. Joon, “Tourist Satisfaction Enhancement Using Mobile QR Code Payment: An Empirical Investigation,” Open Access Journal, Vol. 9, 2020.

L. Lucidchart, “What is a Database Model,” Lucidchart, 2021, [Online]. Available:

S. Mbam and O. Kinglsey, “Enhancing Cooperative Loan Scheme through Automated Loan management System,” West African Journal of Industrial & Academic Research, Vol. 6, No. 1, 2021.

S. Okazaki, H. Li and M. Hirose, “Benchmarking the use of QR code in mobile promotion: three studies in Japan,” J. Adv. Res., Vol. 52, pp. 102-117, 2020.

W. Olorunlomerue et al., “Web based Centralized Cooperative Information Management System,” International Journal of Computer Trends and Technology (IJCTT), Vol. 54, No. 2, 2019.

E. Ozkaya, H. E. Ozkaya, J. Roxas, F. Brayant and D. Whitson, “Factors affecting consumer usage of QR codes,” Journal of Direct, Data and Digital Marketing Practice, 2019.

G. C. Okpara, “A Synthesis of the Critical Factors Affecting Performance of the Nigerian banking System,” European Journal of Economics, Finance and Administrative Sciences, No. 17, pp. 34-44, 2009.

D. Pintor, QRP: An improved secure authentication method using QR codes, Maestre Universitat Oberta de Catalunya, pp. 1-11, 2021.

Z. Samar, H. Li, L. K. Aka and M. H. Bilal, “Technology Acceptance Model’ Concepts, Contribution, Limitation and Adoption in Education,” Universal Journal of Educational Research, Vol. 8, No. 11, pp. 5061-5071. DOI: 10.13189/ujer.2020.081106, 2020.

H. Shamim, Z. Xiaoyan and R. Farjana, “Examining the impact of QR codes on purchase intention and customer satisfaction on the basis of perceived flow,” International Journal of Engineering Business Management, 2018.

I. Umaru, “The Role of Microfinance Banks in the Economic Development of a Nation,” Second North-East Economic Summit, held on 3rdto 4th December 2019 at the Government House Banquet Hall, Gombe State, Nigeria, 2019.




How to Cite

Otuonye, A. I., Ibe, P. N., Njoku, D. O., & Eze, I. F. (2022). An Innovative Framework for Integrated Loan Management with QR Code Enhancement . Asian Journal of Computer Science and Technology, 11(2), 1–10.