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https://issues.apache.org/jira/browse/FINERACT-1322?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Bharath Gowda updated FINERACT-1322:
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Description:
Add the ability to create a loan that is collected twice a month.
Introduce support for *Half-Monthly (Semi-Monthly)* repayment schedules in
Apache Fineract, allowing repayments to occur *twice every month* on predefined
dates.
Currently, Apache Fineract supports repayment frequencies such as:
* Daily
* Weekly
* Bi-Weekly (every 2 weeks)
* Monthly (1, 2, 3... months)
* Yearly
However, it does *not* support repayments that occur *twice within the same
calendar month* (for example, on the 1st & 15th or 15th & Last Day of Month).
This enhancement introduces a new repayment frequency specifically designed for
semi-monthly lending products.
More details is here
https://mifosforge.jira.com/wiki/spaces/MIFOSX/pages/5668470799/Half+Monthly+Repayment+Frequency+Support+for+Mifos+loan+module
was:
Add the ability to create a loan that is collected twice a month. Date
selection would be one of two options
Two dates selected for each month: default dates are already part of this
ensemble i.e 15th and 30th, 10th and 25th
These date combinations may change midway for e,g 10/25 may become 15/30,
Which means we can edit the loan product’ First and second date thus affecting
the schedule change from that day.
> Add Support for a Bi Monthly Loan Product
> -----------------------------------------
>
> Key: FINERACT-1322
> URL: https://issues.apache.org/jira/browse/FINERACT-1322
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Loan
> Affects Versions: 1.8.0
> Reporter: Yemdjih Kaze Nasser
> Priority: Major
>
> Add the ability to create a loan that is collected twice a month.
> Introduce support for *Half-Monthly (Semi-Monthly)* repayment schedules in
> Apache Fineract, allowing repayments to occur *twice every month* on
> predefined dates.
> Currently, Apache Fineract supports repayment frequencies such as:
> * Daily
> * Weekly
> * Bi-Weekly (every 2 weeks)
> * Monthly (1, 2, 3... months)
> * Yearly
> However, it does *not* support repayments that occur *twice within the same
> calendar month* (for example, on the 1st & 15th or 15th & Last Day of Month).
> This enhancement introduces a new repayment frequency specifically designed
> for semi-monthly lending products.
>
> More details is here
> https://mifosforge.jira.com/wiki/spaces/MIFOSX/pages/5668470799/Half+Monthly+Repayment+Frequency+Support+for+Mifos+loan+module
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