Mexina, Please take my responses with a pinch of salt as I have not used Fineract for more than 3 years now.
>> 1. What is the effect/use of configuring NPA fields on the loan product? Once a loan moves into NPA status, accruals are stopped on the same. I think Fineract leaves the existing accruals that are not yet realized as is. >>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? The provisioning process can be automated (through batch jobs) or run manually. When new provisioning entries are created, any existing provisioning would be reversed and the latest provisioning is done based on the current statuses of active loans. Regards, Vishwas On Wed, Mar 6, 2019 at 7:43 AM Mexina Daniel <mexina@singo.africa> wrote: > 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 <vish...@confluxtechnologies.com> > 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 <mexina@singo.africa> wrote: > > Dear devs > > I have the question like > 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 | 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 | singo.africa > > >
