Hi, I have a question 1. When the account is overdue then it should stop applying fees/penalties and charges 2. In case of NPA also when in. applying penalties (automatic) one.
On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said < [email protected]> wrote: > That’s great to hear that it can be fixed asap. > > > > Will appreciate if we can get a quick fix for it, our clients are really > frustrated on this. > > > > Regards; > > > > ********* > > *Zayyad A. Said | Chairman & C.E.O* > > > > Cell No.: +254 716 615274 | Skype: *zsaid2011* > > Email: [email protected] > > Schedule Meetings: https://calendly.com/zayyadsaid > > [image: Description: Email banner] > > > > *From:* Saransh Sharma [mailto:[email protected]] > *Sent:* 12 June 2019 04:25 PM > *To:* Dev; Mexina Daniel > *Cc:* Zayyad A. Said; Mifos software development > *Subject:* Re: [Mifos-developer] Overdues for NPA > > > > I think I can fix this issue asap. > > > > On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <[email protected]> wrote: > > Hello Zayyad > > this issue has already been reported on this ticket > https://issues.apache.org/jira/browse/FINERACT-687 > > Best Regards > > On June 12, 2019 at 1:52 AM "Zayyad A. Said" < > [email protected]> wrote: > > Hello Devs, > > > > In loan products configuration there is an option to define overdue days > for a loan to be classified as Non-Performing Asset (NPA). > > > > > > In my understanding and from my knowledge of the industry, a loan that has > been classified as NPA doesn’t attract any more charges or penalties and > the FI normally does effort to recover what’s due so that the loan can > either be reclassified as Performing or Closed. I want to believe this was > also the main reason of having this option in Mifos X. > > > > To my surprise, the system still charges interest & penalties even when a > loan has been overdue for more days than what has been specified as NPA at > the product level. > > > > Is this a bug or there is a configuration missing which should stop > further accruals? > > > > I have observed this in both versions 17.07.01 and 18.03.01 and the > behaviour is just the same. > > > > Could anyone who has successfully manage to get this feature working for > them come forward and advise how they configured the product. > > > > If it’s a bug, how can we get it resolved? We have a number of our clients > struggling with penalty accruals and waiving the same is a very tedious > exercise as they have to do it one by one. > > > > Regards; > > > > ********* > > *Zayyad A. Said | Chairman & C.E.O* > > > > Cell No.: +254 716 615274 | Skype: *zsaid2011* > > Email: [email protected] > > Schedule Meetings: https://calendly.com/zayyadsaid > > [image: Description: Email banner] > > > > > > > Mifos-developer mailing list > [email protected] > Unsubscribe or change settings at: > https://lists.sourceforge.net/lists/listinfo/mifos-developer > > -- Saransh Sharma ---------------------------------------------------------------------------------------------- The idea of separation of me and you is amazing. ----------------------------------------------------------------------------------------------
