Second Phototype
Micro-Loan Business Automation
This animation visualizes the automated micro-loan process as follows:
- Application Stage (Blue): Applicants enter the system from the left side.
- Processing Stage (Yellow): Applications are automatically processed and evaluated.
- Approval Stage (Green/Red):
- Approved applications (Green) move to the repayment stage.
- Rejected applications (Red) exit the system.
- Repayment Stage (Purple): Approved loans enter the repayment phase.
- Cycle Completion: Successfully repaid loans re-enter the system as new applications.
Debt Collecting Process
DebtQuest
Rewards Unlocked:
User signs up for the DebtQuest app, providing necessary account details and debt information.
App analyzes the debt and creates a personalized repayment plan with achievable milestones.
User sets repayment goals and chooses rewards they’d like to work towards.
User makes payments through the app, watching their progress bar fill up with each contribution.
As milestones are reached, user unlocks badges, levels up, and earns rewards.
User can view their payment history, current streak, and overall progress towards debt freedom.
Upon full repayment, user receives a final reward and congratulatory message for completing their DebtQuest.
Gamification in debt collection makes paying off debt feel more like a fun game. Here’s how it works
First, you sign up for the DebtQuest app. You give some information about yourself and your debt. This is like starting a new game.
Next, the app looks at your debt and makes a plan just for you. It sets up small goals that you can reach, making the big debt feel less scary.
Then, you get to choose what rewards you want to work towards. This makes paying off debt more exciting, like earning prizes in a game.
As you use the app, you make regular payments. Each time you pay, you see a progress bar fill up. This helps you see how far you’ve come, like leveling up in a video game.
When you reach certain points, you unlock badges and move up levels. You might even earn small rewards. This makes you feel good about your progress.
You can always check how you’re doing in the app. It shows your payment history and how close you are to being debt-free.
Finally, when you pay off all your debt, you get a big congratulations and a special reward. It’s like beating the final level of a game!
This approach makes paying off debt feel more achievable and even fun.
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