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http://mifosforge.jira.com/browse/MIFOS-3595?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Kay Chau updated MIFOS-3595:
----------------------------
Fix Version/s: (was: Release G)
Mifos Backlog
> LSIM installment loan payment required at first available repayment day
> -----------------------------------------------------------------------
>
> Key: MIFOS-3595
> URL: http://mifosforge.jira.com/browse/MIFOS-3595
> Project: mifos
> Issue Type: Bug
> Components: Loan Account
> Affects Versions: Release 1.5
> Environment: 1.5.x or higher with LSIM turned on
> Reporter: Jeff Brewster
> Assignee: Kay Chau
> Fix For: Mifos Backlog
>
>
> Logging the issue posed by Miguel in this user list email -
> http://tinyurl.com/2577opx.
> Would like PM team to confirm desired behavior for this scenario of LSIM
> payment. - should mimic behavior for loan payment with LSIM off?
> -------------------
> We are deploying MIFOS 1.5 on our client where LSIM is mandatory.
> When we define our loan product as the example below using LSIM the loan
> schedule does not rut the 9 months for the frequency of installments.
> Product instance name: Empréstimo Agrícola
> Short name: Agri
> Product category: Empréstimo Agrícola
> Start date: 29/06/2010
> End date: 29/06/2015
> Applicable for: Clientes
> Include in Loan cycle counter: Yes
> Calculate Loan Amount as: Same for all loans
> Min loan amount Max loan amount Default amount
> 1000.0 20000.0 5000.0
> Taxa de Interest
> Tipo de taxa de Interest: Plano
> Taax Máxima de Interest: 36.0 %
> Taxa mínima de Interest: 36.0 %
> Taxa padrão de Interest: 36.0 %
> Repayment schedule
> Frequency of installments: 9 month(s)
> Calculate # of Installments as: Same for all Loans
> Min # of installments Max # of installments Default # of installments
> 1 1 1
> Grace period type: Nenhum (none)
> Grace period duration: 0 installments
> Loan Amount : 5000.0
> Disbursal date : 08/09/2010
> Example of loan schedule below:
> Installments
> Amount due
>
> Installment DueDate Principal Interest Fees Total
> 1 01-Oct-2010 5000.0 1350.0 0.0 6350.0
> Due date should be 1-June-2011 and not 01-OCT-2010, as shown above.
> Please note that this bug only happens whenever LSIM is activated in the
> configuration table in the database.
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