Our Product – What Is It
3rd Party Affordability and Deduction Management Platform (ADMP):
- Performs employee affordability evaluation
- Manages deductions PRIOR to them being effected onto the payroll
- Builds trust between Lenders and Borrowers
- Help convert the employee salary/employment into an asset
- We mitigate credit and collection risk for financial service providers
Key Components of the ADMP
- Electronic live platform that is updated every time a transaction is performed
- Registry of all lenders
- Registry of all employers
- Registry of all employees
- Up to date payroll information
- Up to date loan information
Our Product – How It Works
Benefits to the Financial Service Provider
- The PDMS product increases rate of collections and reduces the instances of non-performing loans meaning that bad debt and arrears hugely reduced
- Opens a new market to Financial Service providers, such as commercial banks, who previously did not lend to low or middle income individuals because concern over lending risk
- Reduces administrative burden of managing deductions through the use of a controlled collection mechanism; assisting in this manner to negate fraud
- Equal treatment and opportunity to Financial Service Providers to engage competitively