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http://mifosforge.jira.com/browse/MIFOS-4510?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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keithwoodlock updated MIFOS-4510:
---------------------------------
Fix Version/s: (was: Mifos Backlog)
Unscheduled
> 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: Unscheduled
>
> 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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