The general public, by way of an online application can request that they be informed prior to granting a loan or refuse any loan applications – made by their relatives. Where such requests are made the service provider will ensure verifications to deter any abuse of this feature. The service provider may charge the “requesting” person a nominal fee.
When a moneylender receives an application for loan, he/she can check from the “search” provision in the website, by entering the applicants name or ID. The report will show as to the number of moneylenders the applicant has borrowed from and as to whether the applicant is banned or need his/her relatives consent.
This valued information is very useful for moneylenders.