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https://issues.apache.org/jira/browse/FINERACT-1948?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17749992#comment-17749992
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ibrahim kimbugwe commented on FINERACT-1948:
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Hello [~bgowda] and [~francisguchie] thank you for your comment,
Literally, a *withdrawal* from a savings account is defined as the client
taking money from his/her account. Just like we have a transaction type *pay
charge* which defines a deduction from the client's account to pay a charge, we
need to have another representation of a withdrawal from a client account that
will show in the client statement that the money was used to repay the loan
hence the birth of a new transaction type called {*}Loan repayment{*}.
Having another transaction-type {*}L{*}{*}oan repaymen{*}t will heavily support
dispute resolution as the client statement shows what transpired in the
transaction.
Hope that helps. Thank you
> Loan repayment by account transfer transaction type should not be withdrawal
> ----------------------------------------------------------------------------
>
> Key: FINERACT-1948
> URL: https://issues.apache.org/jira/browse/FINERACT-1948
> Project: Apache Fineract
> Issue Type: Improvement
> Affects Versions: 1.7.0, 1.8.1, 1.7.2, 1.8.2, 1.8.3
> Reporter: ibrahim kimbugwe
> Assignee: Francis Guchie
> Priority: Major
> Fix For: 1.9.0, 1.8.4
>
> Attachments: image-2023-07-31-23-11-05-824.png
>
>
> When a user transfers money from a savings account to pay off a loan, the
> transaction type is tagged as a withdrawal yet this is a loan repayment. The
> transaction type should be adjusted to suit the transaction as it gets handy
> for repayments with standing instructions.
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