Moratorium Functionality
------------------------
Key: MIFOS-5189
URL: http://mifosforge.jira.com/browse/MIFOS-5189
Project: mifos
Issue Type: New Feature
Components: Functional, Loan Account
Reporter: hugotechnologies
Priority: Major
Attachments: Moratorium_PrincipalonlyGrace_Scenarios.xlsx
Moratorium Period is a kind of holiday on repayment which would be for the
course period x months after the member gets it and then from the activity
(small enterprise / business ) / start earning whichever is earlier . In
general a period of 2 months is fixed.
Interest would have to be paid during the moratorium, the interest servicing
would be of based on the type of interest calculated on the loan amount
disbursed payable monthly.
Complete repayment schedule for various types of Interest calculations along
with moratorium is being attached to this Issue.
Some times some of the NGOS's will also allow a moratorium on payment of
interest. -- But this is't a general practice we can put hold of this
functionality as of now.
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