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http://mifosforge.jira.com/browse/MIFOS-5216?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Ed Cable updated MIFOS-5216:
----------------------------
Fix Version/s: (was: Unscheduled)
Release J
> Waive outstanding amount on installment (waive partial amount interest
> component)
> ---------------------------------------------------------------------------------
>
> Key: MIFOS-5216
> URL: http://mifosforge.jira.com/browse/MIFOS-5216
> Project: mifos
> Issue Type: Improvement
> Components: Loan Account
> Affects Versions: Release 2.2, Release 2.2.1
> Reporter: keithwoodlock
> Assignee: mifosdeveloperqueue
> Priority: Major
> Labels: creocore, mifos-individual-lending
> Fix For: Release J
>
>
> In countrys where the currency/dollar ratio is high (i.e larger numbers
> required for loan amounts etc)
> If a loan repayment is say 9,311 CFA per month. The entrepreneur will likely
> only pay 9,310 or even 9,300 CFA, because of the granularity of the currency.
> 1 CFA equals about 2 cents. After doing this for a while (let's say 3
> months), Mifos (we're using 2.0) will tag this loan as 'Active in bad
> standing' because multiple payments are less than they should be.
> Technically, this is true, but as a practical matter, after 3 months, the
> loan is only behind schedule by, say 3 CFA, or 6 cents. The MFI typically
> isnt worried about this and might want to waive or forego it as for all
> practical purposes, this loan is on schedule, in good standing.
> In this case, it makes sense that the amount waived is taken of the
> 'interest' component of the loan installment.
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