Project Scope

The Nano Lending Project, a collaboration between Interswitch and Lightway Microfinance Bank, focuses Interswitch and Lightway Microfinance Bank is focused on delivering a secure, digital-first lending platform for small-value, instant loans. It covers the full loan lifecycle from application to repayment while ensuring compliance and operational efficiency.

In-Scope

The following activities and components are included within the scope of this project:

1. Digital Lending Platform Enablement

   1. End-to-end loan lifecycle management (application, approval, disbursement, repayment, closure).

   2. Integration with Interswitch APIs for loan processing and settlement.

2. Customer Experience Features

   1. Mobile/web channels for loan application, acceptance, repayment, and account management.

   2. Loan eligibility checks, automated offers, and disbursement notifications.

   3. Customer reminders for repayment via SMS/Email/Push notifications.

3. Compliance & Risk Management

   1. Implementation of Lightway MFB’s lending rules and risk policies.

   2. Alignment with CBN regulatory requirements for digital micro-lending.

   3. Audit trails and reporting to meet compliance needs.

4. Operational Tools & Reporting

   1. Dashboards for loan monitoring, delinquency tracking, and customer management.

   2. Analytics for loan performance, repayment behavior, and financial reporting.

   3. Reconciliation tools for settlement and transaction monitoring.

5. Technology & Security

   1. Secure authentication, transaction encryption, and access controls.

   2. System monitoring and activity logging for transparency.

Out Scope

The following activities are not part of this phase of the project:

1. Traditional/Branch-Based Lending: Manual loan processes carried out in physical branches.

2. Non-Nano Loan Products: SME loans, salary loans, or other larger credit products not defined under “nano” lending.

3. Third-Party Credit Bureau Integration: External credit scoring integrations not already supported by Interswitch in this phase.

4. Debt Recovery/Collections Operations: Manual debt recovery activities outside the digital repayment system.

5. International Loan Disbursement: Loans outside Nigeria or foreign-currency denominated loans.