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Webnedrix

Loan Management System For STAMCOS

Project details

  • STAMCOS
  • Loan Management System
  • Custom Software, Mobile App
  • Webnedrix
Status: Completed

Loan & Savings Management System

STAMCOS is a thriving member-based association dedicated to supporting its community through accessible loans, structured savings programs, and other financial services. With a rapidly growing membership, STAMCOS needed a reliable way to digitize operations, improve transparency, and offer members easy access to their financial information.

The Challenge

Manual Processes – Loans and savings were managed using paper records and spreadsheets, making tracking difficult.
Slow Approvals – Loan processing often took days due to fragmented workflows.
Limited Transparency – Members had no real-time access to their loan balances, savings, or repayment status.
Reporting Delays – Monthly and quarterly financial reports took days to prepare.
Risk of Errors – Manual calculations frequently led to discrepancies.

They needed a custom-built, centralized solution that worked seamlessly across web and mobile, allowing both administrators and members to manage financial activities anytime, anywhere.

Our Solution

Webnedrix designed and developed a complete Loan & Savings Management System as both a web platform and mobile application. The key features developed and delivered are:

Loan Management – Automated application, approval, and repayment tracking.
Savings Management – Real-time balance updates, automated interest calculations, and contribution tracking.
Member Portal (Web & Mobile) – Secure logins for members to view savings, loans, and transaction history.
Instant Notifications – Email and push alerts for approvals, due dates, and repayments.
Automated Reporting – One-click financial summaries, repayment schedules, and analytics dashboards.
Role-Based Access Control – Custom permissions for admins, loan officers, and members.
Cloud-Based & Secure – Encrypted data storage with 24/7 access.

The Results:

Within the first three months of launch, STAMCOS experienced:

80% Faster Loan Processing – Approval time reduced from several days to a few hours.
Full Transparency – Every member could instantly track their financial status.
Error Reduction by 90% – Automated calculations eliminated most manual mistakes.
Time Savings – Reports that took 5–7 days to prepare now take under 2 hours.
Higher Member Engagement – Increased adoption due to the convenience of mobile access.

Technology Stack

Frontend (Web): React.js
Mobile App: Flutter (Android & iOS)
Backend: Node.js (Express)
Database: MySQL
Hosting: AWS Cloud
Security: SSL encryption, role-based authentication, and secure APIs
Reviews 2
Before Webnedrix built our loan management system, everything was spreadsheets and mistakes. Now we can track repayments, send reminders automatically, and see who owes us at a glance. It’s like we finally have control over our lending business.

Mr. Michael

President, STAMCOS
Reviews 1
Webnedrix built a web solution for our academy, and we loved it. The solution made it so easy to showcase our courses and simplify registration. Students now enroll effortlessly, and we’ve seen a noticeable boost in sign-ups. It has been a game-changer for us.

Mrs. Gladys

MD, White Dish Culinary Academy
Reviews 2
Running a restaurant was stressful before we got this system from Webnedrix. Orders were always getting mixed up and stock management was a nightmare. Now everything is smooth, from taking orders to tracking inventory. It has saved us so much time.

Mr. Taiwo

Manager, Whales Food

Looking to digitize your financial operations? Let’s create a system that makes managing loans, savings, and members effortless.

Our purpose is to build solutions that remove barriers preventing people from doing their best work.

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