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https://issues.apache.org/jira/browse/FINERACT-2063?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17828048#comment-17828048
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Kigenyi Wilfred commented on FINERACT-2063:
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[~adamsaghy] [~bgowda] [~francisguchie] [~ikimbrah] Imagine that an MFI has
issued out 500 loans and all these loans have been linked with savings accounts
and standing orders created to enable automated payment of these loans whenever
an installment is due. The ideal situation is that money will always be on the
savings account whenever an installment is due and currently Fineract will take
care of and pay off the installment (as long as there is enough money to settle
the installment). In reality this is rarely the case, most of the time money
may not be the savings account when when the installment is due but it may be
deposit later. Now if money is deposited later, may be the next day or on
Monday the next week, Fineract will skip that installment. That means that if
this happens to 50% of the loans, the responsible loans officer will have to
manually go through the 250 loans and pay off one by one. This would undermine
the purpose of automation.
So if we enable payment of unsettled overdue installments, the clients will be
benefiting from that automation and focus on other tasks that require manual
input.
> Enable repayment of overdue installments
> ----------------------------------------
>
> Key: FINERACT-2063
> URL: https://issues.apache.org/jira/browse/FINERACT-2063
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Affects Versions: 1.9.0
> Reporter: Kigenyi Wilfred
> Priority: Minor
> Fix For: 1.10.0
>
>
> Currently the standing instruction task will only execute a transfer if the
> loan installment in question is for the exact date as the date on which the
> task is running. This means that if for example a client had an installment
> due for the day before (or several days before), that installment will not be
> settled if the client deposits funds on his savings account today or the next
> day.
> The thinking is that installments should be settled as longs as they are not
> in the future, that is if the are today or they are overdue.
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