5-3 Data priorities

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Feb 20, 2024

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5-3 Milestone: Data Priorities Thomas Nguyen 2/11/2024 CS319 UI/UX Design and Development Southern New Hampshire University
Data Requirements for Borrowers Kiva is a non-profit organization that allows individuals to lend money via the internet to low-income entrepreneurs and students in nearly 100 countries. It is Kiva’s goal to bring lenders and borrowers together in order to increase financial access and improve the quality of financial services in underserved communities. Kiva Borrowers using a flip-phone want to access information on Kiva about borrowing options. Users want to stay informed, request loans, and track loan payback process while using a flip-phone (embedded device) through Kiva. After reviewing the Kiva CSV files, relevant information borrowers would want to access locally are the loan names, funded amount, loan amount, status, posted time, and raised time. These priorities are specific to the borrower as they can view loan requests that are close to the amount they requested. Having the ability to see how long it took for the loans to be funded can also help a borrower see how long they will have to wait before they can request a loan. Another priority necessary for borrowers are lender terms and repayment intervals. Borrowers will need this information to see the length of the loan and how long it will take to payback through repayment intervals. This will help the borrower plan their financial future, ensuring payments are made on time. An embedded interface will give a user limited access and resources, meaning the interface should be simple in design. A text-based interface would be the most feasible option with the limited resources giving users a text-based menu system. A flip-phone screen would have a smaller screen size, so navigation should be simplistic, and the interface should prioritize only necessary information relevant to the borrower. The different users of the system are the borrowers, lenders, and administrators. Borrowers will have access to loan information, such as loan name, loan amount, loan terms, and
payment options. Borrowers will also have access to request loans through their flip-phone device. Lenders will be able to see borrowers name, loan description with reason for loan and use of loan. Administrators will have access to loan requests with the ability to manage requests from both lenders and borrowers. Additionally, administrators will have the most access as they have to regulate requests from both lenders and borrowers. Borrower Stories After reviewing Kiva users’ stories, there are more than 5000 different loan request for different categories throughout the world. Chea from Cambodia is requesting $1475 to purchase fertilizers to support her cashew farm. The Mujeres Jocotecas Group run by Soila is requesting a $6800 loan to help buy inventory for her store. Soila uses loan to help develop her business. Jade who runs KBX a kickboxing studio in Arizona is requesting a $10,000 loan to help support her studio due to COVID struggles. Jade plans to use the loan to rebuild her business using the loan to fund payroll, marketing, and equipment. Hannah from Kenya is requesting $250 for school fees to use for her children. D.Light products from Nigeria is requesting $100,000 to purchase clean cookstoves so they can sell to existing customers to have access to clean cooking. After reviewing all the different user stories my data requirements would not change. I would add a function where lenders can view borrower’s personal account such as use of loan, how many loans they have used before, and biographical information as it would help a lender decide if their money would be used for good use. Recommend borrower data priorities for UI/UX Development The data priorities for the borrower include loan amount, loan term, and repayment status. The loan amount is crucial for borrowers to understand whether it meets their financial
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needs. It helps borrowers gauge the feasibility of repayment and whether it aligns with their business or personal requirements. The loan term specifies the duration over which borrowers are expected to repay the loan. Real-time updates on repayment status, including remaining amount and due dates, are crucial for borrowers to stay on track with their obligations. This information helps borrowers manage their finances effectively and avoid defaulting on repayments. Data Requirements for Lenders Lenders will want access to borrower loans that will interest them. Lenders would like to see loan opportunities, borrower profiles, and use of loan. The data CSV most applicable to lenders would be loan amount, loan purpose, borrower location, funding progress, and funded amount. Using a cloud-based system, a web-based interface would be possible for lenders. This could involve a user-friendly dashboard presenting loan opportunities, borrower profiles, and funding progress. Cloud-based systems can be used on a wide array of devices including smart phones, tables, laptops, and computers. Lenders will using a cloud-based system will be able to filter all relevant information for lending needs and make informed based decisions on loan funding. The design requirements for the system include scalability, where the system should be able to handle all users. A user-friendly interface should be intuitive, responsive, and visually appealing, allowing lenders to easily navigate through loan opportunities and relevant data.