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LORES is off to a good start with 25 successful loan applications

LORES has responsive Design - Responsive User Interface allows seamless browser usability via Desktop, Tablets, and Smart Phones.

July 30, 2015 - 2015 marked a successful start for LORES - the Professional Loan Referral System. Earlier this year, Ministry of Innovation and Public Administration selected LORES as one the ‘Innovative’ products of the year, at one of the activities organized during the Innovation Week.

The system passed the testing phase and is now live with real loan referrals. 25 loan applications have already been submitted by CBS business advisors distributed to three different banks. Credins Bank has already disbursed the first loan. Procredit Bank has so far the highest number of accepted applications of which 3 have already been approved by the bank. Raiffeisen Bank is the third bank with one accepted loan application. The average loan amount referred was $36,000.