Money Lending Company Is Very Important

Money Lending Company is very important for a person or company not only in Philippines but also globally. Money Lending Company allows the person or company to lend money to use at any necessary needs but in return they have to pay for it plus its strain.

Many people think money lending is all about the involvement of money, particularly for those people who are in this kind of business and for some debtors, but on the second thought we realized that money lending system is not just a typical manual system that calculates the interest and the balances of the debtors. At the very moment that some debtors borrow money to the company may have its security for the data of his/her balances and for those who has this kind of company also has the security that is reliable, paperless works that cause of big expensive by sending the debtors notices through email and text messages.

Manual system and computerized system has many differences not only in how to use it but also in the features and the time that you will consume working in the manual than to computerized. Manual system are hardly use by the employee and the time that will consume in saving files on folders and searching the names or the record of the debtors manually. This is one of the reasons why the group decided to make a system that will help them to make their work easy and secured, useful and easy to use by the employee.

Lending companies nowadays provides folders, lockers and cabinets to keep the files and data of the debtor and his payment sheets. Manually computing every payments transactions and write in their sheets. It will be hassle for an employee handling a huge number of debtors and sort it one by one. More employees will be involved for the job to finish on time and not that secured file keeping storage. Files may be lost, and misplaced.

The proposed system will benefit the employees, the company and the debtors. It will be less hassle to an employee writing the amount of the payment of one entry of debtor, making the company 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, numerous manual systems have been automated by computers. An example of this is the database. Before the introduction 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 dig in and spend a lot of time looking for one or more folders and spends another

The group observes that every day, there are numerous persons or company 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 information or paper-based application. By saying manual, the group notices that the company is using the old pen and paper system. The debtors will be given more than enough time to finish the papers and the information given by the borrower will be written in a separate sheet of bond paper. After the examination for requirements the examinee will be ask to wait for the results. If the applicants will be approved, he will then be scheduled for an interview. If the result shows otherwise, he will not be allowed to borrow.

The group sees nothing against this old system but ironically believes that it is about time that Money Lending Company such as Alay Buhay Development Foundation Inc. goes with the flow of today’s fast paced technology. There is a lot of Money Lending Company who have adopted the idea of Automated Money Lending Information System.

Adopting the same innovation opens yet another portal for Alay Buhay Development Foundation Inc. Potential borrowers will be awed by the latest technology use by the proponent to deliver an accurate computation, information and etc.

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There are numerous programming languages that are taken into account 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 needs of the Money Lending Information System for Alay Buhay Development Foundation Inc. would be Visual C#. Any information will be kept in a database for future references, in order to secure and kept these information, the group proposes MSSQL. And we will provide a very user friendly interface not only for the borrowers but for the Administrator as well.

The group believes that the development 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 Study

“A dynamic and innovative community development foundation 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 tireless effort of helping poor people, because of the dehumanizing effect of the poverty they made this foundation to save a those children that are in need of help. Alay buhay development foundation 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 continue 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 branching out their services in Marikina, Manila, Caloocan and Rizal Province,these places has known 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 mission is “As a people-oriented development organization, we commit to pursue community-driven and capability-building programs and services through education, enterprise development, and community empowerment projects geared to contribute 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 recognition 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 goals 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 Buhay’s development efforts and initiatives. And the main goal of the company is to partner with communities and organizations towards the fruition of the vision and mission of Alay Buhay.

Alay BuhayDevelopment Company is located at 3rd Floor Criselda 1 Building 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 Framework

Statement of the Problem

Many 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.

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How will the proposed system be able to lessen the time and work needed to compute the loans 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 debtor’s files?

Significance of the Study

The 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 daily transactions of the clients, the strain of manually inputting 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 indirect person or debtors, the system will automatically give them an insight 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 inquiring about their loan status. The debtors will also avoid incurring penalties on their loans because the system will alert the company employees of the debtors who are delinquent 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 undertake 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 assist them in all their dealings with their clientele.

In terms of Human resources, the company will save time and money by employing a minimal 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 saved time in other concerns of the company because of using the system program.

Scope and Delimitation


The 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 company’s administrator to assess the interest or calculate the annual 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 connect the user-interface and database. Advance skill in Visual C# shall provide a very user-friendly interface not only in the staff 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 staff 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 staff will input necessary information such as type 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 notify them for the due dates.

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The proposed system will be precise and accurate for the integrity 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 editing or deleting any previous content that they have already placed.


If by any chance that electrical failure 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 method 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 system’s database is also limited to the maximum capacity of MSSQL and the disk space of the system where the proposed system is currently installed. The common 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 manipulate such an important the data.

Definition of terms

Loan: 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 borrowing 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 which 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 operations

Human resources: is a term used to describe the individuals who comprise the workforce 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 within 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 between 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 aids 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.

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