DESIGN AND IMPLEMENTATION OF A WEB-BASED MICRO FINANCE SUPPORT SYSTEM


DESIGN AND IMPLEMENTATION OF A WEB-BASED MICRO FINANCE SUPPORT SYSTEM  

ABSTRACT

Microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses.

Microfinance is a broad category of services which includes microcredit. Microcredit is provision of credit services to poor clients. The design methodology focuses on the development of a System or method for a unique situation. This favors innovative ideas and collaborative thinking to work through each proposed idea and arrive at the best possible solution.  The main aim of this study is to examine and develop a web base microfinance support system for women rural farmers for sustainable economic development. The application was developed in vb.net serving as the programming environment and MYSQL serving as the database. 

Data were gathered using both the primary and the secondary source. It took three to six weeks of findings and four weeks in developing the application.

CONTENTS

Chapter 1 Introduction

1.1 Background of the study

1.2 Statement of problem

1.3 Aim and objectives of the study

1.4 Scope of the study

1.5 Limitations

1.6 Definition of terms

1.7 Signature of the study

Chapter 2 Literature Review

2.1 concepts of web based support system

2.2 Sustainable Economic development

2.3 Application of web based support system

2.5 Web based microfinance support system for women rural farmers in suistainable economic development.

Chapter 3 Methodology and Analysis of the present system

3.0 Introduction

3.1 Investigation and analysis of the present system

3.1.1 The present system

3.1.2 The present system analysis

3.2 Description of Input and Output documents

3.3 Analysis of the proposed System

3.3.1 Architecting for web based microfinance support system

3.3.2 Process Methodology

3.3.3 Methodology

3.4 Overview description of the new system

3.4.1 System testing and validation

3.4.2 The New System

3.5 Information and product flow diagram

3.5.1 Use Case Diagram

3.5.2 Sequence Diagram

3.5.3 Activity Diagram

3.6 Limitation of the present method

3.7 High Level Models of the proposed system

3.7.1 Class Diagram

3.7.2 Deployment Diagram

Chapter 4 

4.1 Introduction

4.2 Justification of the system

Chapter Five

5.1 Summary

5.2 Conclusion

5.3 Recommendations

CHAPTER ONE

1.0 INTRODUCTION

The need for web base support system has become important in our day to day operation. The web provides a common infrastructure on which the individual applications can work with each other (Linthicum, 2003). For instance the web base is an internet support system that facilitates all forms of human activities. It can be used to showcase day to day activities of the microfinance operations   for rural farmers for sustainable economic development in the society.  It also plays an important role for computerized support systems. As proposed in 2003, the notion of web-based support systems concerns multidisciplinary investigations that combine   computer technologies with domain specific studies (Yao and Yao, 2003). Through the web-base support system those rural farmers can have accessibility to all forms of microfinance assistance via through the local or international means to boost socio-economy development.  

The web-based support systems can be understood from the following specific aspects. The Web is viewed as a virtual machine running various operating systems.  Web browsers play the role of the interface or window in which the Web application resides. This view makes it quite apparent that the Web is a global deployment environment (Cerami, 2002). 

The notion of sustainable economic development emerged in 1987 as the overriding goal for human activities (WCED, 1987). Sustainable communities seek well-balanced social, economy and environmental development strategies based on human responsibility to respect the needs of both nature and future generations (Kaempf, 2001). Sustainable Economy activities are about the long-term collaboration of people working at different disciplines, organizations, institutes, and regions. We have been striving to use information technologies for supporting

complex environmental, economic and social problem solving  (Kaempf, 2001).

However, informal and complex social interactions in sustainable community activities are challenging the adaptability and usability of traditional computerized support systems. For example, the individual computer tools are independent, run on isolated specific platforms, and are optimized to specific functions. Users have to devise practices to coordinate individual tools for addressing requirements of sustainable community activities. Such human coordination practices might both be inefficient and error-prone. On the other hand, available computerized support systems are organized around tools for communicating and for sharing information (Moran, 2005). When some tools get out of date, these systems may not be able to satisfy the ever-changing needs of sustainable communities. In addition, computerized support systems are often domain-specific and proprietary. They may not adapt to the multi disciplinary, multi-agency and multi-sector nature of sustainable community activities. Therefore, this study attempts to investigate a web base microfinance support system for women rural farmers in sustainable economy development. 

1.1 Background of Study

Microfinance is a way to promote economic development, employment and growth through the support of micro-entrepreneurs and small businesses.

Microfinance is a broad category of services which includes microcredit. Microcredit is provision of credit services to poor clients. 

Microfinance can also be described as a source of financial services for entrepreneurs and small businesses lacking access to banking and related services, it is the provision of financial services to low-income people. It refers to a movement that envisions a world where low-income households have permanent access to high quality and affordable financial services to finance income-producing activities.

The term ‘Economy Sustainability’ is the use of various strategies for employing existing resources optimally so that a responsible and beneficial balance can be achieved over a long term; it is the ability of an economy to support a defined level of economic production indefinitely.

The world’s nations presently defined their top economic goal in terms of GDP. This is the total amount of production within a nation, usually within one year

The term rural applies to sparsely settled or agricultural country relating to the country side as opposed to the city. Women rural farmers are farmers usually country people who engage in small scale farming with non-modernized/mechanized farming equipment.

Therefore this research topic focuses on the automation process involved in providing microfinance support for these women rural farmers.      

1.2 STATEMENT OF THE PROBLEM

⦁ Lack of web base microfinance support system for farmers and other related agencies. 

⦁ A malfunctioned web-base support system often manifest into a negative outcomes.

⦁ Change, especially in technology or in a paradigm, is extremely costly. It requires a large investment in planning, training, designing, development, new maintenance and administration and carries high software and hardware costs. 

⦁ Lack of technical-know how, poor management, and the inability to adapt to changes in science and technology which thus  reduces the overall system performance. 

Scholars on Informational Technology and Other related disciplines have always try how best to achieve web-base system over the years by trying to make series of investigations but the result still seems proved abortive, and there still lies areas  that needs urgent attention.  In order to resolve these problems, the need  for  a web base microfinance support system for women rural farmers in sustainable economy development has been identified to investigation.  

1.3 AIM AND OBJECTIVES OF THE STUDY  

The main aim of this study is to examine and develop a web base microfinance support system for women rural farmers for sustainable economic development. There are some specific objectives this study also aims to achieve, this includes the following: 

⦁ A web base micro finance support system for women rural farmers in sustainable economy.

⦁ To Create a Database for all the players in the system, to give a central communication link among them.

1.4 SCOPE OF THE STUDY 

This study focuses only on aweb base microfinance support system for women rural farmers in sustainable economy development. Since scholars have not given credence to this, hence this has necessitated the researcher to investigate about this.  

LIMITATIONS OF THE STUDY

The drawbacks of this study are:

⦁ The cost associated with implementing, maintaining such a system may higher than that of its manual counterpart.

⦁ The microfinance support web based file will be built for rural women farmers alone and will not be inclusive for male rural farmers and hence could pose a limitation.

⦁ There is the utmost challenge of getting the rural women to contribute effectively by way of providing valuable information for the development of the content of the microfinance web support system. 

DEFINITION OF TERMS

Microfinance is a source of financial services for entrepreneurs and small businesses lacking access to banking and related services; it is the provision of financial services to low-income people.

Sustainable Economy: is the use of various strategies for employing existing resources optimally so that a responsible and beneficial balance can be achieved over the long term.

 Women Rural Farmers: are farmers usually country people who engage in small scale farming with non-modernized/mechanized farming equipment.

1.5 SIGNIFICANCE OF THE STUDY 

⦁ This study will be of benefit to Women Rural Farmers, Telecommunication Industries, Banking Industries and Other related firms, since a thorough analysis of this study could help them make an effective decision on how to plan for web-base support system for optimum performance. 

⦁ The study would be a good source of reference to future researchers.  Thus, it will add to bulk of existing literature.  Findings of this study could help remedy problem that will occur in web base support system and how to manage the data base effectively. 

⦁ The system will serve as a tool for examining the impact of microfinance support on the livelihood and of the rural women farmers being put under consideration.

⦁ The system will serve to benchmark help these rural farmers work with lenders (using the web based file as an intermediary) and upgrade their financial skills based on best management practices.

.

DESIGN AND IMPLEMENTATION OF A WEB-BASED MICRO FINANCE SUPPORT SYSTEM



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.net guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.