Hi Soham,
Thanks for your note.
Perhaps a useful feature for a future release would be an option that, when
entering the last payment on a loan, a pop-up or similar mechanism could be
enabled that would say something like "Warning: this is the last payment on
this loan, and this loan will close automatically. Do you want to enter any
additional fees before the loan closes?"
Another possible solution would be to add the ability to re-open a closed
loan to add the fees. Both would require code changes, though, and aren't
likely to make it into Mifos 1.1 because we've already passed the "feature
freeze" for that release. Maybe some of the Mifos developers could
comment?
-Andrew
La Ceiba, Honduras
On Feb 12, 2008 10:10 PM, Soham Dhakal <[EMAIL PROTECTED]> wrote:
> Hi Andrew,
> We will also face the same problem here in Nepal because the late payments
> are dealt in the same way. So the only workaround we can think of is to
> make sure the data entry person has certian steps they need to follow if its
> the last installment or if the loan is being paid in full.
>
> If i recall there is a feature that allows you to redo transactions, but i
> have not tested it with closed loans.
>
>
> Regards
> Soham
>
>
> ------------------------------
> *From:* [EMAIL PROTECTED] [mailto:
> [EMAIL PROTECTED] *On Behalf Of *Andrew
> White
> *Sent:* Tuesday, February 12, 2008 10:26 PM
> *To:* Mifos functional discussions
> *Subject:* SPAM-LOW: [Mifos-functional] Workaround for loan closed, but
> late payment not entered?
>
> Hello all,
>
> Here in Honduras, we're trying to decide how we'll handle late payments in
> Mifos 1.1 when it's released.
>
> The policy of the MFI here is to only charge the additional interest that
> accrued as a result of late and/or partial payments. There are no penalties
> per se for late payment -- just the additional (simple) interest.
>
> The issue we are running into is that if the last payment of the loan is
> entered, and the data entry person forgets to manually calculate the
> additional interest and tack it onto the loan the same day as the last
> payment is entered, the loan gets closed due to the batch processes that
> night.
>
> Does anyone else have this problem, or have suggestions as to how to best
> handle late fees / additional interest on group loans?
>
> Atentamente,
> Andrew
> La Ceiba, Honduras
>
>
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