TY - JOUR AU - Otuonye, Anthony I. AU - Ibe, Perpetual N. AU - Njoku, Dominic O. AU - Eze, Irene F. PY - 2022/08/03 Y2 - 2024/03/29 TI - An Innovative Framework for Integrated Loan Management with QR Code Enhancement JF - Asian Journal of Computer Science and Technology JA - AJCST VL - 11 IS - 2 SE - Articles DO - 10.51983/ajcst-2022.11.2.3317 UR - https://ojs.trp.org.in/index.php/ajcst/article/view/3317 SP - 1-10 AB - <p>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.</p> ER -