System Analysis and Design Template
Chapter 1
PROJECT OVERVIEW
Background of the Study In observing the growth of micro-enterprises in any Philippine cities and town areas are our sign that people nowadays wants to have additional income due to the rising prices of basic commodities and services, accompanying the implementation of Value Added Tax (VAT) and the unpredictable increase of crude oil in the world market to meet the needs of the families. Even the labor sector especially the employees are in search for things to sell in their offices and work places to augment their income. So even the business and investment sector are now looking for crisis proof business which will entail them a good return on their investment. They don’t want to risk their money to start up business due to ineffective operating system and knowledge about the market. But for the Pawnshop industry, economic crisis is the reason why they are in the business. The people today are learning that they could get a better deal and a better buy in a pawnshop than in regular retail store. Pawnshops also play an important role in many commodities by providing people with an easy, fast way to borrow small amount of money. The Pawnshop owners can relate to the scenario of not knowing what might come across the pawnshop or how successful will be the operation for the day because it is not repetitive day-in-day-out job which is a unique business and a challenging one. A typical transaction begins with a potential borrower coming into the pawnshop with the system item he or she wants to pledge for a loan. The pawnbroker or appraiser then determines how much to loan the customer for the item. When both parties agreed with the amount to be loaned out, the appraiser then sealed the pawned item and let borrower signed on top of it to prevent tampering. This will make the borrower feel secure that his or her security for a loan - personal property will not be retouched used and damaged by the pawnshop owner. After the pawn ticket
PROJECT OVERVIEW
Background of the Study In observing the growth of micro-enterprises in any Philippine cities and town areas are our sign that people nowadays wants to have additional income due to the rising prices of basic commodities and services, accompanying the implementation of Value Added Tax (VAT) and the unpredictable increase of crude oil in the world market to meet the needs of the families. Even the labor sector especially the employees are in search for things to sell in their offices and work places to augment their income. So even the business and investment sector are now looking for crisis proof business which will entail them a good return on their investment. They don’t want to risk their money to start up business due to ineffective operating system and knowledge about the market. But for the Pawnshop industry, economic crisis is the reason why they are in the business. The people today are learning that they could get a better deal and a better buy in a pawnshop than in regular retail store. Pawnshops also play an important role in many commodities by providing people with an easy, fast way to borrow small amount of money. The Pawnshop owners can relate to the scenario of not knowing what might come across the pawnshop or how successful will be the operation for the day because it is not repetitive day-in-day-out job which is a unique business and a challenging one. A typical transaction begins with a potential borrower coming into the pawnshop with the system item he or she wants to pledge for a loan. The pawnbroker or appraiser then determines how much to loan the customer for the item. When both parties agreed with the amount to be loaned out, the appraiser then sealed the pawned item and let borrower signed on top of it to prevent tampering. This will make the borrower feel secure that his or her security for a loan - personal property will not be retouched used and damaged by the pawnshop owner. After the pawn ticket