+1 On Wed, 5 Jun 2024, 17:26 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> > >
