Payments which are made by the group should be pro-rated across the repayment
schedules of the individual members
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Key: MIFOS-5393
URL: http://mifosforge.jira.com/browse/MIFOS-5393
Project: mifos
Issue Type: New Feature
Components: GLIM
Reporter: Lukasz Chudy
Priority: Major
Fix For: Unscheduled
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.
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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