This use case is an extension of Account Opening Use Case

This use case is built with Angular 8. To go through the use case, you don't need to know Angular. But if you are interested in leaning Angular, please follow this tutorial.

Microlending involves granting small loans to people in need. These loans are generally used by entrepreneurs with a business idea or those who need extra cash to expand. In that sense, they aren't much different from small business loans. However, microlending is actually much different. What makes these loans unique are the motivations behind it, the sizes of loans, and the people involved.

Evaluating the creditworthiness of the borrowers would reduce the risk of the loan not getting repaid. This use case would evaluate the credit score of the borrower.

1. Trusting Social - Credit Insight (Link)

   • Staging API access Keys
     • username: [Contact Trusting Social to get the credentials]
     • password: [Contact Trusting Social to get the credentials]
     • clientCode: [Contact Trusting Social to get the credentials]
     • host: https://staging-api.trustingsocial.com
     • basePath: /

Note: If previous use case is running in the IDE Terminal, Press Ctrl + C to stop.

Execute following commands in Terminal window.

1. Let's change the terminal directory to root projects folder

   cd ~/project/
   

2. Download the code into IDE instance

   git clone https://github.com/apixplatform/microlending-credit-insight.git
   

3. Use case code is downloaded to IDE instance to the folder microlending-credit-insight. Let's change the terminal directory to microlending-credit-insight folder.

   cd microlending-credit-insight/
   

4. Download Angular dependancies with below commands.

   npm install
   

5. Start the Angular application server.

   npm start
   

To configure the use case,

1. Open microlending-credit-insight > api-config.json from the Project Explorer left pane.

2. Provide your APIX credentials.

    "userName": "Replace this with your APIX username",
    "password": "Replace this with your APIX password"
   

3. From the main menu, click File > Save.

Now the development server is up and running with correct configurations. To open the use case website follow the below instructions.

1. Copy the IDE instance URL from the browser tab. (ex: https://ide-xxxxxx.services.apixplatform.com/)
2. Open a new browser tab and paste the copied IDE url. Change the ide text to app in the URL and open. New URL would look like (ex: https://app-xxxxxx.services.apixplatform.com/)

1. Click on Create an Account button from Home page.

   i. In the GitHub project go to test-images and download id.jpg and selfie.jpg. Provide these two images in the 1st step of application window and click Verify button.

   • HyperVerge Face Match API will get executed to validate the provided identity document and selfie.
   • Match confidence level will be provided as the output.
   • Click on Go to Account Creation button to proceed.

   ii. Provide account creation inputs and click Create Account Button.

   • Bank customer will get created with the provided Account Holder's Name using Smart Bank - Party API.
   • New Account gets created using Smart Bank - Account API.
   • Newly created customer will be assigned to the Account as the Account Owner using Smart Bank - Account API.

   iii. Created Account Details will be shown in the Step 3.

   iv. Click Home button.

2. Click on Apply for a Loan button from Home Page

   i. Enter the name and phone number (917025xxxxxx) and Submit. Last 6 digits are arbitary. Please note down the phone number provided, before submit.

   • 917025976692 - Has a good credit score
   • 917025111111 - Has a bad credit score

   ii. OTP needs to be provided now.

   • Go to Trusting Social Staging SMS Service
   • Enter same phone number you entered in the previous step into the Input Phone Number field and Submit.
   • Copy the correct OTP for the request and provide it in Use case frontend and Submit.

   iii. Credit Score percentage will be shown. If Credit Score is healthy, You are eligible for a loan! message will appear in the screen. If not, Unfortunately, you are not eligible for a loan. message will appear in the screen.