Displaying items by tag: Ushirika Lab

In today's transforming financial landscape, lenders are looking for modern, technologically superior loan management system that automates key processes. The need of the hour is for systems which are scalable, fast, flexible and agile, while being cost efficient.

Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products.

Loan management software is a cloud based end to end lending application used to improve the quality, turnaround time and service for end-customers. It enables banks to improve the agility, transparency and efficiency of their lending solutions whereas, Loan management system means an innovative, turn-key, end-to-end securities-based lending platform that connects lenders seeking high-quality, collateralized loans with borrowers requiring convenient access to credit.

The world is passing through a shadow, many businesses are being shut down, people are abandoning their work places, schools are closed and the world economy is at risk. In this period, the trends of many businesses are at risk and some running to closure due to the breakout and the spread of the pandemic Corona virus (Covid 19) that has attacked many countries in the world so far Tanzania being one of them. Many businesses are figuring out how they are going to operate and maintain their economic power since the major prevention against the disease is avoiding contact between people by implementing social distancing and staying home.