To design an efficient system or strategy that ensures timely loan repayments, reduces default rates, and improves overall financial recovery for lending institutions.
Problem Identification Understand challenges in loan repayment processes (e.g., defaults, delays, lack of tracking).
Literature Review Study existing repayment systems, models, and case studies from banks, NBFCs, or microfinance institutions.
Data Collection Collect data through surveys, interviews, or from secondary sources (e.g., financial reports, articles).
Analysis of Repayment Patterns Identify common reasons for delays or defaults using tools like Excel, SPSS, or Power BI.
Stakeholder Mapping Identify key stakeholders involved in repayment (borrowers, lenders, recovery agents, etc.).
System Design / Strategy Development Propose an improved repayment management strategy/system (could include tech-based solutions, communication plans, etc.).
Risk Identification & Mitigation Analyze possible risks and suggest methods to reduce default chances.
