As part of the Q2 release cycle, we're exploring extending our flexible loan schedules work by adding support for a line of credit.
Line of Credit support means various things in different core banking systems. We've outlined some of the definitions in this Google Doc: https://goo.gl/rnZAZd <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=aHR0cHMlM0ElMkYlMkZnb28uZ2wlMkZyblpBWmQ=> We'd like to get feedback on *what are the most common line of credit products that need to be supported *so we can design the specification accordingly and take up the work in the upcoming quarter. I personally would like to see full support for a true revolving line of credit product (https://issues.apache.org/jira/browse/FINERACT-134 <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=aHR0cHMlM0ElMkYlMkZpc3N1ZXMuYXBhY2hlLm9yZyUyRmppcmElMkZicm93c2UlMkZGSU5FUkFDVC0xMzQ=>) that is distinct from our current installment-based loans, our tranche loans, and our overdraft accounts that incur interest for negative balances. As part of this bucket of work for Phase 3 of our Flexible Loan Schedules, support could be added for top-up loans: https://issues.apache.org/jira/browse/FINERACT-131 <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=aHR0cHMlM0ElMkYlMkZpc3N1ZXMuYXBhY2hlLm9yZyUyRmppcmElMkZicm93c2UlMkZGSU5FUkFDVC0xMzE=> Please provide reply to this thread with what type of line of credit products you need support for and add comments to each of these tickets. *Ed Cable* Director of Community Programs, Mifos Initiative edca...@mifos.org <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=bWFpbHRvJTNBZWRjYWJsZSU0MG1pZm9zLm9yZw==> | Skype: edcable | Mobile: +1.484.477.8649 *Collectively Creating a World of 3 Billion Maries | *http://mifos.org <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=aHR0cCUzQSUyRiUyRm1pZm9zLm9yZw==> <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=aHR0cCUzQSUyRiUyRmZhY2Vib29rLmNvbSUyRm1pZm9z> <https://web.chilipiper.com/link/mifos.org/57055898e4b02bbec5bc21dc?link=aHR0cCUzQSUyRiUyRnd3dy50d2l0dGVyLmNvbSUyRm1pZm9z>
