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Qualica Technologies
4th Floor West Wing, 158 Jan Smuts Ave, Rosebank, Johannesburg 2196
T: +27 11 731 1700 | F: +27 11 327 6052
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The challenge:
enabling payroll deduction based micro-lending solutions to remote areas with limited infrastructure.
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Solutions
Microlending Solutions
Qualica Technologies' payroll-deduction based micro-lending system allows for a lender to operate multiple branches that issue loans independently. All debtor and loan data is synchronised with a central office and, in turn, with all other branches. Thus all branches have all debtor and loan data, reducing the risk of fraud and increasing convenience for customers.
It has proven to be an important tool for financial institutions to grant loans on the African continent, because banks often don't have the necessary power and connectivity infrastructure or reach into remote areas to provide financial services to local communities.
Granting a loan requires credit and affordability checks. This is made difficult by poor Internet connectivity and power outages, which often prevent branches from synchronising with a central server.
Qualica Technologies' payroll-deduction based micro-lending system overcomes these challenges by running on low-end hardware and being light on data. Furthermore, it uses a distributed system to collate data so that each site does not require high availability of connectivity. The distribution network allows information to be gathered from various branches and to be sent, via satellite, to Qualica's central server in South Africa. Qualica ensures the integrity of the data, sending the information back to 50 branches in five African countries.
The solution has processed 4.5 million deductions in its first two years of operation, along with multiple millions of transactions including loan applications and credit checks.
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