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[object Object],[object Object],[object Object],objectives
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Brief History
Process Flow
An Account Officer (AO) offers  the product to an eligible borrower AO computes for maximum loanable amount. AO prepares a Notice of Loan Approval (NLA) in triplicate.  AO keeps a copy of the NLA.  The 2 other copies will be given  to the Nokia retailer hand carried by the client. Client presents NLA to retailer.  NLA NLA Own-a-Nokia Cellphone Loan Retailer NLA
Client picks a cellphone and signs Sales Invoice.  Retailer verifies identification of client by  asking for an ID and calling the BOH. Retailer keeps both copies of NLA.  Retailer sends billing statement, sales invoice and one copy  of NLA to the bank. Bank processes the loan release.  Bank deposits loan proceeds  to the account of the retailer. Retailer issues an OR once payment is received. Bill S.I. NLA Retailer
Number of clients & cellphones sold
Loans disbursed
[object Object],[object Object],[object Object],[object Object],observations
[object Object],[object Object],[object Object],[object Object],Feedback from clients
[object Object],[object Object],[object Object],Feedback from bank
[object Object],[object Object],[object Object],Areas of concern
[object Object],[object Object],[object Object],[object Object],Factors of success
 

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Nokia Cellphone Financing

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  • 5. An Account Officer (AO) offers the product to an eligible borrower AO computes for maximum loanable amount. AO prepares a Notice of Loan Approval (NLA) in triplicate. AO keeps a copy of the NLA. The 2 other copies will be given to the Nokia retailer hand carried by the client. Client presents NLA to retailer. NLA NLA Own-a-Nokia Cellphone Loan Retailer NLA
  • 6. Client picks a cellphone and signs Sales Invoice. Retailer verifies identification of client by asking for an ID and calling the BOH. Retailer keeps both copies of NLA. Retailer sends billing statement, sales invoice and one copy of NLA to the bank. Bank processes the loan release. Bank deposits loan proceeds to the account of the retailer. Retailer issues an OR once payment is received. Bill S.I. NLA Retailer
  • 7. Number of clients & cellphones sold
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