Development of an application for the calculation of credit risk in entities of the Colombian solidarity sector [Desarrollo de una aplicación para el cálculo del riesgo de crédito en entidades del sector solidario colombiano]

Abstract

This paper presents analysis, design and implementation of the application called “Credit Risk Calculator” which quantifies the credit risk according to the requirements proposed in the new regulations recently issued by the Superintendence of the Colombian Solidarity Economy. For the implementation of this application, the Model View Controller (MVC) design pattern or architecture is used. This pattern facilitates the separation of the Model and the View, improves the separation of data and presentation, speeds up error handling, and gives the possibility of add multiple data representations. The developed application allows to systematically obtain the risk rating of each debtor and the expected losses that the entities of the solidarity sector could face in case of default by their debtors. It is expected that this application will be a tool to facilitate financial risk management in the corresponding entities. © 2022, Associacao Iberica de Sistemas e Tecnologias de Informacao. All rights reserved.