+1 Regards, Bharath Lead Implementation Analyst | Mifos Initiative Skype: live:cbharath4| Mobile: +91.7019635592 http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos>
On Wed, Jun 5, 2024 at 7:59 PM Nazeer Hussain Shaik < nazeerhussain.sh...@gmail.com> wrote: > +1 > > Regards, > Nazeer > > On Wed, Jun 5, 2024 at 10:26 AM Ed Cable <edca...@mifos.org> wrote: > >> Now that we've had sufficient time for discussion, it's time for a vote >> on the Fineract Significant Improvement proposal around continued >> enhancement to the progressive loan module. >> >> Only voting members of the PMC will count towards the three necessary +1 >> votes but as James noted we would like the entire community to vote to >> gauge the overall level of support. >> >> Please vote per our usual rules: >> >> +1 >> 0 >> -1 >> >> This vote will be open for 72 hours . >> >> Thanks, >> >> Ed >> >> >> ---------- Forwarded message --------- >> From: James Dailey <jdai...@apache.org> >> Date: Wed, Jun 5, 2024 at 2:38 AM >> Subject: Re: DISCUSS: Fineract Significant Improvement Proposal: [FSIP-3] >> Continue Enhancing New Progressive Loan Module to Support Interest-Bearing >> Loans >> To: <dev@fineract.apache.org> >> >> >> Ed - Please call for a VOTE on this in order to complete the process of >> adopting the SIP. >> Minimally, it needs to be adopted by three voting members of the PMC but >> wider community support would be important as well. >> Create a new thread with the word [VOTE] in the header as is our >> practice, and record the vote. >> IF approved, then track progress and provide updates. >> >> Thanks >> >> >> >> On Tue, May 28, 2024 at 11:53 PM Bharath Gowda <bgo...@mifos.org> wrote: >> >>> Hi, >>> >>> Yes the Interest rate remains the same for subsequent disbursements and >>> there is no option to change the interest rate at the time of Disbursement. >>> However, There is an option if the user wants to change the interest >>> rate after disbursement from a specific Installments.the option is >>> available under the "Reschedule" option. >>> >>> >>> Regards, >>> Bharath >>> Lead Implementation Analyst | Mifos Initiative >>> Skype: live:cbharath4| Mobile: +91.7019635592 >>> http://mifos.org <http://facebook.com/mifos> >>> <http://www.twitter.com/mifos> >>> >>> >>> On Wed, May 29, 2024 at 11:57 AM It's NPE <croskc...@gmail.com> wrote: >>> >>>> Hi, Ed, >>>> >>>> One question, "Initial configuration will be for the progressive loan >>>> to support Declining balance interest strategy, with daily interest >>>> calculation and interest recalculation which modifies the last installment >>>> of the loan based on whether there were early or late repayments.". >>>> >>>> Query: Will the interest rate remain consistent for each subsequent >>>> disbursement or will there be flexibility to change the interest rate for >>>> every new disbursal? >>>> >>>> On Wed, May 15, 2024 at 11:32 PM Ed Cable <edca...@mifos.org> wrote: >>>> >>>>> Hi all, >>>>> >>>>> I wanted to open up a discussion thread related to the ongoing >>>>> enhancements that are occurring to the loan functionality within Fineract. >>>>> There are major changes being proposed which continuedto extend off the >>>>> existing enhancements that have gone into the new progressive loan >>>>> calculations that were delivered in Fineract 1.9. >>>>> >>>>> The design and implementation of these changes at a technical level >>>>> are being driven by Adam Saghy and Marta Jankovics - long-term active >>>>> members of the community and the functional requirements by Bharath Gowda. >>>>> >>>>> Please view the details of the proposed changes, the goals of these >>>>> changes, the alternatives that were considered and timeline for these >>>>> changes if the Significant Improvement Proposal gets approved. Thanks to >>>>> Adam for sharing a lot of the high-level technical details of our approach >>>>> that I incorporated in the proposal. We look forward to the discussion and >>>>> vote and will continue to share more documentation around the proposed >>>>> changes including new enhancements and gradual enhancement/refactoring of >>>>> the existing logic of the loan module. >>>>> >>>>> This proposal will result in valuable net new functionality and >>>>> substantial progress on the much needed optimization of the loan module >>>>> but >>>>> it won't fully address the complete refactoring of the legacy loan module >>>>> so want to get the community's input and give visibility into the near and >>>>> long-term impact this would have on the community as well as the way >>>>> community can get involved in future work. >>>>> >>>>> >>>>> https://cwiki.apache.org/confluence/display/FINERACT/FSIP-3%3A+Continue+Enhancing+New+Progressive+Loan+Module+to+Support+Interest-Bearing+Loans >>>>> >>>>> >>>>> Here's a brief summary of the proposal. >>>>> >>>>> We are proposing to add support for interest-bearing loan products for >>>>> progressive loan schedule by continuing to develop on the recently merged >>>>> progressive loan handling changes and moving it into a new externalized >>>>> *fineract-progressive-loan* module. >>>>> >>>>> These changes are in support of an enterprise customer that has been >>>>> sponsoring upstream contributions into Fineract to support the migration >>>>> of >>>>> its BNPL and installment lending products onto a new loan management >>>>> system >>>>> of record. >>>>> >>>>> This new module will aim to re-use existing logic from the legacy loan >>>>> module by extracting it into separate methods or classes to reduce the >>>>> complexity and improve the reusability. >>>>> >>>>> The legacy loan module is far too complicated to build these new loan >>>>> capabilities onto but we also have decided not to build a completely >>>>> separate and independent loan module that would lead to forked >>>>> implementations. >>>>> >>>>> Our proposed approach will allow us to deliver a solution that meets >>>>> the customer requirements while not breaking any existing functionality >>>>> for >>>>> the community. We will make substantial progress on the much-needed >>>>> redesign and refactoring of the loan module and gradually and iteratively >>>>> over time build out this enhanced loan module to ideally deprecate the >>>>> legacy loan module. >>>>> >>>>> Thanks, >>>>> >>>>> *Ed Cable* >>>>> President/CEO, Mifos Initiative >>>>> edca...@mifos.org | Skype: edcable | Mobile: +1.484.477.8649 >>>>> >>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org >>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos> >>>>> >>>>> >> >> -- >> *Ed Cable* >> President/CEO, Mifos Initiative >> edca...@mifos.org | Skype: edcable | Mobile: +1.484.477.8649 >> >> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org >> <http://facebook.com/mifos> <http://www.twitter.com/mifos> >> >>
