Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Loan Management System

No description

Claire Plarisan

on 27 October 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Loan Management System

Background of the Study
Statement of the Problem
Objectives of the Study
Scope and Limitations of the Study
Significance of the Study
Ruby on Rails, or simply Rails, is an open source web application framework written in Ruby.Ruby is a programming language. . By most measures of programming language popularity, Ruby ranks among the top ten, though usually as tenth (or so) in popularity, and largely due to the popularity of Rails. Like Java or the C language, Ruby is a general-purpose programming language, though it is best known for its use in web programming.
The popular language such as Ruby on Rails is now used all over the world in a lot of cases. It’s handy for creating the XML applications as well as the general applications for web, middle-tier servers, GUI buildings and of course the cases of general system administrations. The great level of the artificial intelligence based on the research of the machine-learning helps to perform the great tasks, that is the reason why Ruby on Rails programming companies tend to use this IT language in what looks like everywhere.
In this study, Ruby on Rails is a framework used to be for Holy Trinity College of General Santos City Cooperative Loan Management System as it is used internally by the cooperative to manage and process incoming loan inquiries, produce quotes and payment schedules and oversee the lifetime of the loans.
Locally owned and democratically controlled by the members who use its services, co-operatives are founded on a common idea - that people know what's best for them and can work together to achieve their goals.
Cooperative members are the people of Holy Trinity College working together to meet their common needs and aspirations in helping for the sustainability of their economic mobility. Thu, it gives loan to those teachers aiming to solve their problem. Coop provide loan, like, hard money loan that is mainly based on the value of the property as collateral. The credit worthiness of the borrower is also looked at, and it may vary on how much you put capital in the cooperative. Also, on a hard money loan the loan to value that a lender will lend is much lower than on a conventional loan--typically 60 to 70 percent loan to value.
In Holy Cooperative, they have this process, first the member will ask loan, the in charge will verify (CI) the loaner upon considering it approve the staff will got his portfolio and take down records in short they work it manually. Having it automated with Ruby on Rails will much better for the cooperative.

The literature and studies cited in this chapter tackle the possibility of loan management. This studies relates to financial management systems and, more specifically, to data processing methodology for effecting an improved capital structure in financial institutions.

Kingsley O. et al. (2013) state that the concept of automation has been variously applied in most computing fields. This involves utilization of computing or electronic devices to undertake the tasks that are being handled by people. It is a pertinent factor in a profitable and soundly run financial institution. Financial transactions through manual system of operation are prone to errors and unimagined complexities, making it so difficult a task maintaining all entries of users account, search records of activities, handle loan deduction errors and generate reports. Computers running automated system are targeted towards eradicating the menace – hence making the underlying activities efficient and providing the fast response needed.
Is there a system that determines individual inventory account-abilities?
 Is the members’ statement of account-abilities generated accurately and efficiently?

1. Maintain confidentiality of members’ individual records.

2. Update individual inventory account.

3. To maximize the compatibilities of Ruby on Rails in financial functions.

4. Ensure for the continued accuracy, reliability, and integrity of members data.

The propose automation of cooperative focuses to determine the cash flow and loans of each members. The system will secure members profile where the system can give individual inventory for each member. The system can generate member’s statement of accounts and dividend or profit sharing for members.

The system is limited to perform online to observe confidentiality of the accounts. The system limited to be access by the members, thus, this only allows the administrator to operate the system. Only the information of Holy Trinity College cooperative members will be included in the databank. This also excludes the generation of the financial statement of accounts and cash flows.

The success of the study will have the great importance to the following:

To the Member. This will help lessen their time in just inquiring every time they check their account. This study will help member a convenient and an efficient way of paying their own loans according to their account payable.

To the Officer in charge. This study will help the officer to organize the record and monitor the member’s loan and account. This is also help to save their time.

Future Researcher. This study will help future researchers who want to develop or conduct studies about loan management and individual inventory of the Cooperative. This would be basis of the future study who wishes to embark on a study of similar nature.

HTCGSC Cooperative Loan Management System
While Dhar et al. (2009) describe a browser based automated loan system includes a loan engine offered individually to financial institutions to set up, operate and manage loan product offerings, a consumer website interface having a loan application form with data fields relevant to the loan product offerings, a designer component that establishes tasks in the form of a loan process checklist associated with each loan product offering, and a workflow engine for automatically evaluating the loan application form using the applicable loan process checklist in conjunction with rules, logical mathematical computational components, and risk based offer configurations for generating an instant loan offer when a borrower qualifies.

In addition to, Green et al. (2003) also said that an automated system and method for reviewing and assessing compliance with legal compliance requirements for loan applications. Loan application data is extracted from client loan origination systems and transmitted as a loan information file over a secure communication network to an automated compliance assessment system server where the loan information file is audited for compliance with Federal, state and local legal compliance requirements. The loan information file is reviewed for legal compliance requirements imposed by Federal, State, and local jurisdictions, as well as licensing requirements that the client loan company and related personnel must satisfy

This chapter discusses the details of the technology background, specifically ruby on rails.

3.1 Ruby on Rails MVC framework
Rails is a software library that extends the Ruby programming language. It is software code that is added to the Ruby programming language. Rails is a framework for building websites. As such, Rails establishes conventions for easier collaboration and maintenance. Rails combines the Ruby programming language with HTML, CSS, and JavaScript to create a web application that runs on a web server. Because it runs on a web server, Rails is considered a server-side, or “back end,” web application development platform (the web browser is the “front end”).
Ruby on Rails uses the model-view-controller (MCV) architecture patterns in order to improve the maintaining of the application. The MVC allows a clean separated from HTML view. Additionally, it improves decoupling and testing.
Model (Active Record)
The model is responsible for maintaining the state of the application. Model Sometimes this state is transient, lasting for just a couple of interactions with the user. Sometimes the state is permanent and will be stored outside the application, often in a database. A model is more than just data; it enforces all the business rules that apply to that data. We make sure that nothing else in the application can make our data invalid.
The model acts as both a gatekeeper and a data store. The view is responsible for generating a user interface, normally based view on data in the model.
View(Action View)
The view is responsible for generating a user interface, normally based view on data in the model.The view may present the user with various ways of inputting data, the view itself never handles incoming data. The view’s work is done once the data is displayed. There may well be many views that access the same model data, often for different purposes. In the online store, there’ll be a view that displays product information on a catalog page and another set of views used by administrators to add and edit products
Controller (ActionController)
Controllers orchestrate the application. Controllers receive events from the Controllers ouside world (normally user input), interact with the model, and display an appropriate view to the user. This triumvirate—the model, view, and controller—form an architecture known as MVC.
MVC was originally intended for conventional GUI applications, where developers found the separation of concerns led to far less coupling, which in turn made the code easier to write and maintain. Each concept or action was expressed in just one well-known place. Using MVC was like constructing a skyscraper with the girders already in place—it was a lot easier to hang the rest of the pieces with a structure already there.

The browser makes a request then the web server receives the request. It uses routes to find out which controller to use. The web server then uses the dispatcher to create a new controller, call the action and pass the parameters.
Controllers do the work of parsing user requests, data submissions, cookies, sessions and the “browser stuff”. It gives orders without knowing (or caring) how it gets done. It asks the model to get the data, and will eventually display it to the user.
Models are Ruby classes. They talk to the database, store and validate data, perform the business logic and otherwise do the heavy lifting. In this case, the model retrieves the data from the database.
Views are what the user sees: HTML, CSS, XML, Javascript, JSON. Views are merely puppets reading what the controller gives them. The controller gives the data to the view. The view generates the HTML: divs, tables, text, descriptions, footers, etc.

Technology background
Thank You
Full transcript