This project is all about computerized loan management system.  It covers the major subject on how computer can be made useful to cooperative societies in order to ease their operations.
The software package deals with the way computer are used for generating loan in a cooperative society.  The program makes operation easier and faster also brings about and operation without stress.
The program is simple to operate and even produce up – to – date information about each member of the society regarding their financial stand.
Generally, it bring about prompt, effective and efficient service rendered to customers and reduces the running cost of the society.

Title page                                                                                i
Approval page                                                                        ii
Dedication                                                                               iii
Acknowledgement                                                                             iv
Abstract                                                                                  v
Table of contents                                                                     vi-viii
1.1            Introduction                                                                   1-2
1.2            Statement of Problem Loan                                           2-3
1.3            Problem of Analysis                                                      4
1.4            Purpose of the study                                                      4-5
1.5            Scope and limitation of the study                                  5
1.6            Significances of the study                                              6
1.7            Methodology                                                                 7
1.8            Definition of unfamiliar Term                                        7-8
CHAPTER TWO: LITERATURE REVIEW                         9
2.1            Introduction                                                                   9-10
2.2            Review of past project                                                   10-11
2.3            Cooperative society                                                       11
2.4            Loan                                                                              12-13
2.5            Analysis of the existing system                                               13-14
2.6            Factors Limiting the Existing system                                      14-15
2.7            Overview of the proposed system                                 15-16
Introduction                                                                            17
3.1            System Analysis and Design                                         17-18
3.2            System Flowchart                                                                   18-19
3.3            Output Design                                                               20
3.4            Input Design                                                                  20-24
3.5            File Design                                                                     25
AND MAINTENANCE                                                                    26
4.1            Introduction                                                                            26
4.2            System Implementation                                                           26-27
4.3            Installation Requirements                                              27
4.2.1    Installation Procedure                                                    27-28
4.2.2    System Testing                                                              28
4.4            Hardware Requirements                                                          28-29
4.5            Software Requirements                                                  29
4.6            Programming language used                                          29-30
4.7            Strength and weakness of the system                                      30
4.8            System maintenance                                                      31
4.9             System documentation: users manual                                    31-41
AND RECOMMENDATION                                                 42
5.1            Summary                                                                       42
5.2            Conclusion                                                                     42-43
5.3            Recommendation                                                           43
REFERENCES                                                                      44-45
Program Flowchart Symbols.

1.1            Introduction
Loan is a sum of money borrowed i.e. principal usually for a specific reason or task (e.g. to obtain education build house purchase car etc.).  The entity lending the money (bank, finance houses cooperative societies, organizations etc). usually charge interest on the money borrowed and it is paid within a specific period of time.
In years past we discovered that man has been faced with the limitations of availability of founds.  Before money came into existence, our fore fathers proceeded on trade by barter i.e. exchange of goods.  But we discovered that some were weather while others are poor and his lead to borrowing.
In our contemporary time, there are still some people that are in need.  This is how borrowing started and banks, cooperative societies, finance houses etc. has been crated as voluntary sector where lending can be made.  Later on, we discovered that there has been some limitations on the part of these lending sector mainly because they are manually operating their system.  This calls for the need of computer.
Computerized loan management system is the best solution for property loan provider, for an easy and simple way of managing loans, clients founders and owners.  It also provides complete management and follows up for the organization of loan data.  Part of the need for this project is that it gives a long term end of the lending market and this also provides more productive and more efficient service delivered to their customers.
1.2            Statement of Problem
The problem facing the cooperative society concerning loan management are many, some of the problems are listed below.
The problem of time wastage is very common to the cooperative society which is affecting the progress.
Also human errors in calculation is affecting the progress of the society because humans are liable to make mistake during the process of calculation.
Among the problem is insecurity of customers data which make the customers unhappy about such situation.
There is no privacy in the situation where by the secret of the customer are easily seen by people this makes the customers to have a bad view about the society.
Computerization of loan management system will be of great advantages to cooperative society in particular with the following advantages:
·                    Provision of statistical based upon previous and present data of the customer
·                    Accuracy and speed are guaranteed
·                    Human errors are eliminated
·                    Provision of better information for commercial loan management
·                    Increase in efficiency and effectiveness in performing related task.
·                    Improved ability to evaluate exposure due to unused credit facilities.
·                    Gives better statistics that can play essential roles in making decision and drawing strategies.
          With these few advantages computer becomes an indispensable role in this modern age and particularly in finance sector.
1.3            Problem Analysis
The management of UNITY (IFE) NUT CICS has been faced with various kinds of problems that have been affecting their progress.  This is majorly because the system adopted by the society in giving out loan is basically manual.  Below are some of the listed short comings of the society.
·                    Time wastage
·                    Human errors in calculation
·                    Ineffectiveness and lack of efficiency
·                    Insecurity of customer’s data
·                    Monotony of work
·                    No privacy
1.4            Purpose of study
This project work is to take care of all the lapses of our case study i.e. UNITY (IFE) NUT CICS. It is to prepare a computerized system as different from manual system used by the society to manage her system.  This will totally remove the irregularities and strenuous conditions encountered in the present manual system as well as considering the criteria for using computer.
The objective is to analyze the loan system critically, its policy, procedure and figure out how the system can be carried out by the society with the minimum input and the maximum output so as to enhance effectiveness and efficiency.
1.5            Scope and Limitation of the study
The scope of the project work is limited to UNITY IFE NUT CICS. It comprises of the collection of facts, which is used to check the viability of each loan and decide whether such loan is viable, or not.  It is also monitors the process of various way by which the cooperative society gives out loan an how loans are rapid.  It monitors their lending service i.e. it take care of interest charged, amount remaining etc. Development of the system that would be able to accept and store information about the customer anytime.
Finally, the system will facilitate immediately and easy access to individual customer information and record also gives a proper security to their data.
1.6            Significance of the study
The following are the significance of the project work.
·                    Due to delay observed while attending to the customers, this project work is aimed at reducing waiting time of customers by quickly attending to the customers using automated loan system.
·                    The system cold enable easy and immediate access to any customer’s information.
·                    The system is the one that will easily be used by any authorized computer literate in the society by entering appropriate password.
·                    The project is to make processing and keeping of customers information in an effective and efficient manner.
·                    The system when developed should be able to be used in monitoring and processing other lending service of the society.
·                    The program when developed should be the one that could accommodate modifications whenever there is improvement in the activities of the society, in future.

1.7            Methodology
The method used in carrying out this project work is first by the analysis of the exiting manual system.
This is done by studying and examining in details (i.e. observation), the basic procedure in granting loan to customers by the management of the society.
After the through analysis, personal interview of the applicants carried out to determine any conflict view on some of the facts which will likely be misleading and the most generally views are chosen for the over all determination of particular situation.
1.8            Definition of Unfamiliar Terms
Credit: way of delayed payment for goods and services, which allows for regular payment over a period of time.
Guarantor: A person who guarantee a loan agreement for a member seeking for loan.
Interest: A calculated sum of money with a given rate charged on loan.
Loan: A sum of money issued to a person on credit with an accompanying duration of time for repayment to be done.
Reserved fund: This is a statutory amount that has been reserved in the society before the net profit is been shared.
Shares: This is the amount contributed once to the society that qualifies him or her as a stakeholder.
Thrift: It refer to a prudent economy i.e. the habit of saving money and spending it carefully.

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