Integrating Smart Contracts into Web Infrastructure for Enhanced Loan Management: A Case Study of Kaagapay Cooperative in the Philippines

This study explores the integration of blockchain technology and smart contracts into the loan management processes of Kaagapay Cooperative, a cooperative organization in the Philippines. The research aims to enhance transparency, security, and efficiency in cooperative finance by leveraging innovative technologies. Through a quantitative research approach and qualitative data-gathering methods, the study assesses the current loan management practices, designs a user-friendly web platform, and evaluates the effectiveness of smart contracts in automating loan-related tasks. Performance testing and usability evaluations demonstrate the platform's effectiveness, with high scores indicating excellent web performance and user satisfaction. The results highlight the transformative potential of blockchain-enabled loan management systems in cooperative finance, offering valuable insights for similar initiatives in other cooperative organizations. Ultimately, this research contributes to the advancement of cooperative finance and blockchain technology, fostering financial resilience and innovation in communities.