“The usage of the software does not eliminate the role of the Account Officers since
they are the actual people who would use it. Only, their workload will be lessened,
and it is hoped that it will let them increase their productivity,” Ms. Eula Ganir,
IPA’s Project Associate said. She added that the software will simply accelerate
the loan application process. “If you used to give forms to be accomplished by the
clients, now you won’t be doing the same since forms such as the application form,
CIBI and cashflow analysis are already programmed in ‘netbooks’ to give a decision
whether a client’s application will be approved or denied,” Ms. Ganir added.
The
pilot test of the project is set at FICOBank Head Office. The rollout of the project
will be done simultaneously in all FICOBank branches and field offices afterwards.
The pilot test will last for three to six months. Ms. Rean Del Moro, IPA’s Project
Associate in the Philippines said, that during the pilot-test period, the team will
assess the efficiency of the software being developed. “The six-month period will
let us know the weaknesses of the project that will be encountered along the way.
Also, the pilot test will give us a big picture on how the CSS works in the field,
thus giving us room for re-evaluating the project. Any component of the project
design that will turn out erroneous and unsuitable will either be modified or eliminated,”
Ms. Del Moro related.
The
FICOBank management believes that the implementation of the Credit Scoring System
is a great leap for advancement in its goal to expand the microfinance program.
It provides convenience for both the clients and Account Officers since bulky forms
are eliminated in the process. Likewise, the initial decision whether the client’s
loan application is approved or denied is determined instantly, thereby saving time
and even cutting costs down. |
