Thanks for the great input, Soham.
Potentially using the Redo Loan feature is an option, as Soham suggests.
I also haven't tested it with closed loans and the FS
(http://mifos.org/developers/wiki/RedoingLoanDisbursals) does not
indicate whether or not this feature should apply to closed loans. I
will look into this because it will be relevant information to have for
testing this feature. If you don't hear back, remind me and I will let
you know what we figure out around this.
Another, slightly funky, workaround would be to take advantage of the
'adjustments' functionality. In v1.1, Oxia changed the adjustments
feature to allow users to make an adjustment (and make multiple
adjustments) on loans that are already in the 'closed' state. If you
reverse a payment that is already 'closed - obligation met', the loan
should go back into 'active' state (there is currently a bug in this
functionality - https://mifos.dev.java.net/issues/show_bug.cgi?id=1624)
and then once the loan is back in 'active' state, you could apply the
fee with the interest accrued, and then reapply the final payment.
Again, I haven't tried to see if this will work (and cannot because of
bug 1624) but it's another option to keep in mind.
________________________________
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On Behalf Of
Soham Dhakal
Sent: Tuesday, February 12, 2008 8:10 PM
To: 'Mifos functional discussions'
Subject: Re: [Mifos-functional] SPAM-LOW: Workaround for loan closed,but
late payment not entered?
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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