+1 On Wed, Jun 5, 2024 at 6:02 PM Inzemamul Haq <inzemamha...@gmail.com> wrote:
> +1 > > On Wed, 5 Jun, 2024, 8:12 pm Kigred Developer, <kigred.develo...@gmail.com> > wrote: > >> +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> >>> >>>
