Computer-implemented methods, program product, and system for micro-loan product management

Non-transitory computer readable memory encoded with computer program operable on a computer associated with a lending institution to advance a plurality of micro-loans to a plurality of demand accounts for a plurality of customer transactions, the computer program comprising:

• a first computer program to facilitate qualifying a plurality of demand account owners for a plurality of line of credit accounts associated with a plurality of demand accounts to thereby define an incremental line of credit qualifying module, the incremental line of credit qualifying module comprising a set of instructions, when executed by the one or more processors of the lending computer, operable to perform the operations of:
• prequalifying the plurality of demand account owners for a plurality of line of credit accounts to be associated with the plurality of demand accounts responsive to processing demand account data associated with the plurality of demand accounts;
• a second computer program to advance funds from the plurality of line of credit account in one or more of a plurality of separate predetermined loan increments to define a micro-loan dispensing module, the micro-loan dispensing module comprising a set of instructions, when executed by the one or more processors, operable to perform the operations of:
• associating a plurality of line of credit identifiers with the plurality of demand accounts responsive to the plurality of customer interface devices accepting terms of the plurality of line of credit accounts to thereby couple the plurality of demand accounts to the plurality of line of credit accounts;
• establishing the plurality of line of credit accounts at a lending institution, each of the plurality of the line of credit accounts having a plurality of separate predetermined loan increments each being equal in value and less than a total credit limit, the plurality of demand accounts each being remote from the lending institution and controlled by an institution different from the lending institution;
• determining whether to access funds from the plurality of line of credit accounts for a plurality of customer transactions responsive to a plurality of demands by the plurality of demand account owners for funds from the plurality of line of credit accounts for the plurality of customer transactions and the funds demanded being less than a line of credit balance available for each of the plurality of line of credit accounts;
• determining a number of separate predetermined loan increments to be added to the plurality of the demand accounts responsive to the determination to access funds from the plurality of line of credits for the plurality of customer transaction;
• loading the plurality of the demand accounts with at least one of the plurality of predetermined loan increments that corresponds with the number of separate predetermined loan increments to thereby define a micro-loan so that distributing the micro-loan does not exceed the line of credit balance available for each of the plurality of line of credits;
• determining a total value of a predetermined loan advance fee for the micro-loan, the total value being equal to a predetermined loan advance fee multiplied by the number of separate predetermined loan increments, the total value of the predetermined loan advance fee being less than a value of the micro-loan;
• and
• decrementing the line of credit balance available for each of the plurality of line of credits by the value of the micro-loan loaded to the plurality of demand accounts.

A computer-implemented method to advance a plurality of micro-loans to a plurality of demand accounts for a plurality of customer transactions, the method comprising:

• prequalifying, by a computer associated with a lending institution to define a lending institution computer, the plurality of demand account owners for a plurality of line of credit accounts to be associated with the plurality of demand accounts responsive to processing demand account data associated with the plurality of demand accounts;
• associating, by the lending institution computer, a plurality of line of credit identifiers with the plurality of demand accounts responsive to the plurality of customer interface devices accepting terms of the plurality of line of credit accounts to thereby couple the plurality of demand accounts to the plurality of line of credit accounts;
• establishing, by the lending institution computer, the plurality of line of credit accounts at a lending institution, each of the plurality of the line of credit accounts having a plurality of separate predetermined loan increments each being equal in value and less than a total credit limit, the plurality of demand accounts each being remote from the lending institution and controlled by an institution different from the lending institution;
• determining, by the lending institution computer, whether to access funds from the plurality of line of credit accounts for a plurality of customer transactions responsive to a plurality of demands by the plurality of demand account owners for funds from the plurality of line of credit accounts for the plurality of customer transactions and the funds demanded being less than a line of credit balance available for each of the plurality of line of credit accounts;
• determining, by the lending institution computer, a number of separate predetermined loan increments to be added to the plurality of the demand accounts responsive to the determination to access funds from the plurality of line of credits for the plurality of customer transaction;
• loading, by the lending institution computer, the plurality of the demand accounts with at least one of the plurality of predetermined loan increments that corresponds with the number of separate predetermined loan increments to thereby define a micro-loan so that distributing the micro-loan does not exceed the line of credit balance available for each of the plurality of line of credits;
• determining, by the lending institution computer, a total value of a predetermined loan advance fee for the micro-loan, the total value being equal to a predetermined loan advance fee multiplied by the number of separate predetermined loan increments, the total value of the predetermined loan advance fee being less than a value of the micro-loan;
• and
• decrementing, by the lending institution computer, the line of credit balance available for each of the plurality of line of credits by the value of the micro-loan loaded to the plurality of demand accounts.