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http://mifosforge.jira.com/browse/MIFOS-4510?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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edcable updated MIFOS-4510:
---------------------------

    Labels: community  (was: )

> Payments which are made by the group should be pro-rated across the repayment 
> schedules of the individual members (GLIM)
> ------------------------------------------------------------------------------------------------------------------------
>
>                 Key: MIFOS-4510
>                 URL: http://mifosforge.jira.com/browse/MIFOS-4510
>             Project: mifos
>          Issue Type: New Feature
>          Components: GLIM
>    Affects Versions: Release E - Unscheduled
>         Environment: Release Namemifos-v1.7.x-beta
> Commit Identifier874b78eb8759af0a248ae41ea3e7d5eba7f9724b
> Build DateTue Nov 02 08:55:39 PDT 2010
>            Reporter: Milan Patel
>            Assignee: Tejus Datta
>            Priority: Major
>              Labels: community
>             Fix For: Mifos Backlog
>
>         Attachments: GLIM comments and basic specification.doc
>
>
> Requirement #2: Payments which are made by the group should be pro-rated 
> across the repayment schedules of the individual members.
> Reason required: Information for clients. Clients often request statements 
> that specify the amount of the loan that has been repaid, the amount 
> outstanding, and how those amounts break down across the group members.
> Priority: Major
> Workflow: 
> 1) Loan repayment is made, and details are entered into system for the group 
> loan via the "Apply payment" function
> 2)  Payment made to group is then applied pro-rata across the individual loan 
> schedules for the group loan.  Any shortfall of payments are applied pro-rata 
> as well.  Interest for late payment is shared equally across the group 
> members, and not pro-rated.

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