Philippine MSMEs Financial Empowerment: An Iterative Approach for Optimal Loan Implementation
This study integrates the Newton-Raphson method within the PHP framework to offer an easy-to-use loan management solution for Micro, Small, and Medium Enterprises (MSMEs) in the Philippines. MSMEs, which are essential to the country's economy, frequently face financial difficulties such as a la...
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Published in | 2024 ASU International Conference in Emerging Technologies for Sustainability and Intelligent Systems (ICETSIS) pp. 1 - 5 |
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Main Authors | , , , , , , , , |
Format | Conference Proceeding |
Language | English |
Published |
IEEE
28.01.2024
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Subjects | |
Online Access | Get full text |
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Abstract | This study integrates the Newton-Raphson method within the PHP framework to offer an easy-to-use loan management solution for Micro, Small, and Medium Enterprises (MSMEs) in the Philippines. MSMEs, which are essential to the country's economy, frequently face financial difficulties such as a lack of specialized instruments and restricted access to loans. This research led to the development of the PHP Loan Solver, which fills these gaps by providing an intuitive user interface for accurate monthly interest rate computations. This paper focuses on practical application, where it integrates a user-centered approach and numeric accuracy so as to let MSMEs optimize their loan structure and perform an informed financial evaluation. It analyzes real-world case studies, possible applications in other financial domains, and a user-centered iterative design approach. This research holds a position where technology meets financial empowerment in a scenario that involves exceptionally easy-to-navigate financial instruments. |
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AbstractList | This study integrates the Newton-Raphson method within the PHP framework to offer an easy-to-use loan management solution for Micro, Small, and Medium Enterprises (MSMEs) in the Philippines. MSMEs, which are essential to the country's economy, frequently face financial difficulties such as a lack of specialized instruments and restricted access to loans. This research led to the development of the PHP Loan Solver, which fills these gaps by providing an intuitive user interface for accurate monthly interest rate computations. This paper focuses on practical application, where it integrates a user-centered approach and numeric accuracy so as to let MSMEs optimize their loan structure and perform an informed financial evaluation. It analyzes real-world case studies, possible applications in other financial domains, and a user-centered iterative design approach. This research holds a position where technology meets financial empowerment in a scenario that involves exceptionally easy-to-navigate financial instruments. |
Author | Go, Jefferson E. Abalahon, Nian Vincent D. Hernandez, Sharlene E. Creus, Shairo Andrew P. Esguerra, Ma. Fetrice B. Pumeda, Catherine Jane F. Magon, Selverino A. Dimaunahan, Darlene Mae C. Reyes, Ariane Maureen A. Delos |
Author_xml | – sequence: 1 givenname: Nian Vincent D. surname: Abalahon fullname: Abalahon, Nian Vincent D. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 2 givenname: Shairo Andrew P. surname: Creus fullname: Creus, Shairo Andrew P. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 3 givenname: Ariane Maureen A. Delos surname: Reyes fullname: Reyes, Ariane Maureen A. Delos organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 4 givenname: Darlene Mae C. surname: Dimaunahan fullname: Dimaunahan, Darlene Mae C. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 5 givenname: Ma. Fetrice B. surname: Esguerra fullname: Esguerra, Ma. Fetrice B. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 6 givenname: Jefferson E. surname: Go fullname: Go, Jefferson E. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 7 givenname: Sharlene E. surname: Hernandez fullname: Hernandez, Sharlene E. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 8 givenname: Catherine Jane F. surname: Pumeda fullname: Pumeda, Catherine Jane F. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines – sequence: 9 givenname: Selverino A. surname: Magon fullname: Magon, Selverino A. organization: Batangas State University,Department of Electronics Engineering,Batangas,Philippines |
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Snippet | This study integrates the Newton-Raphson method within the PHP framework to offer an easy-to-use loan management solution for Micro, Small, and Medium... |
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SubjectTerms | financial empowerment Instruments Iterative methods loan management MSMEs Newton method Newton-Raphson method PHP framework Resource management Risk management Stability analysis User interfaces |
Title | Philippine MSMEs Financial Empowerment: An Iterative Approach for Optimal Loan Implementation |
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