Online loan submission
First is the online loan submission where on the one hand, a user or the borrower is able to submit their personal data in order to borrow the loan.
On the other hand, the admin assesses the information submitted to give the scoring in the form of numeric, documents, or text.
The user submits their personal data like their ID card with a selfie which will then be sent to Dukcapil for the authentication process.
Automatic credit scoring
Related to the numeric input as previously mentioned, the admin approves the data submitted by the borrower and sees the scoring and it will automatically update the loan grade.
When the borrower passed the digital verification along with the scoring, the admin carries out an assessment or analysis to either approve and reject the loan.
The admin publishes the loan in the marketplace where the lender funds the loan to the borrower.
Disbursement of funds
And lastly, when the funds have been collected, the admin can make disbursements for the approved borrowers.