Dear Vishwas I was inquiring on:-
1. What is the effect/use of configuring NPA fields on the loan product? am aware that on the system, the recovery repayment is considered as income since it was written off ( considered as expense) Addition 2. After you have put aside some amount by provisioning ( by posting the provisions on accounts) is there anything happens when a certain loan which was provisioned get re-payed or written off?( since it won't be on arrears anymore) Tnhaks in advance > On March 6, 2019 at 8:51 AM Vishwas Babu <[email protected]> > wrote: > > Mexina, > > I am not sure if you are enquiring about provisioning and/or recovery > repayments. > > Fineract has support for configurable provisioning, see > https://mifosforge.jira.com/wiki/spaces/docs/pages/110690335/Provisioning+Entries > > and > https://cwiki.apache.org/confluence/display/FINERACT/Loan+Loss+Provisioning. > > If you are enquiring about Recovery repayments (payments on loans which > have been written off) which are treated as an income, Fineract has support > for the same too. See https://mifosforge.jira.com/browse/MIFOSX-281 > > Regards, > Vishwas > > > On Tue, Feb 26, 2019 at 4:30 AM Mexina Daniel <[email protected]> wrote: > > > > > > Dear devs > > > > I have the question like > > http://mifos.cloud.answerhub.com/questions/794/what-is-the-consequence-of-npa-schedule-job.html > > > > http://mifos.cloud.answerhub.com/questions/794/what-is-the-consequence-of-npa-schedule-job.html > > which was never answered. > > > > Also if the loan has been in NPA for a long time and it has already > > been provisioned as expense, shouldn't its repayment being considered as > > income? does the system support that? > > > > Thanks in advance. > > > > Best Regards > > > > --------------------- > > > > Mexina Daniel > > > > Singo Africa Limited > > Block G, Mbezi Beach B | 7 Nakawale Road | P.O BOX 78908 | 14121 > > Dar es > > salaam > > > > +255 71 211 0791 | +255 22 261 8511 > > > > amala.co.tz https://amala.co.tz/ | singo.africa > > https://singo.africa > > > > > > > > > Mexina Daniel Singo Africa Limited Block G, Mbezi Beach B | 7 Nakawale Road | P.O BOX 78908 | 14121 Dar es salaam +255 71 211 0791 | +255 22 261 8511 amala.co.tz https://amala.co.tz/ | singo.africa https://singo.africa
