James Rowe created FINERACT-37:
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Summary: Support rescheduling repayments on holidays
Key: FINERACT-37
URL: https://issues.apache.org/jira/browse/FINERACT-37
Project: Apache Fineract
Issue Type: Improvement
Components: System
Reporter: James Rowe
Assignee: Markus Geiss
Our client is currently trying to migrate from their current financial
software, but one of the configuration options is not present in Fineract. The
option changes the way Fineract schedules loan repayments. Instead of
rescheduling a repayment to a different day in the week, holidays would
reschedule the repayment to the next due date and extend the schedule. For
example with a holiday like this http://i.imgur.com/Dl8B3DX.png a loan that has
a repayment fall in the holiday will be rescheduled to the next week and the
following repayments will be postponed. http://i.imgur.com/l9OfTDm.png With
this the loan term is extended and the repayment that landed on a holiday is
repaid on the next due date.
I already have a proof of concept patch for this, but I think there are some
issues with it. As such, I would like to work with a developer to discuss the
best way to implement this, or if you would like, we can just figure out why my
patch occasionally enters an infinite loop...
As a related request, the client is looking to have the interest due at this
repayment to be redistributed across the full loan schedule. I wasn't sure if I
should include this in this issue report or to make a new one that is related
to this issue.
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