Hello all, I'm trying to figure out how to model the current scenario properly in Mifos.
* Client has a loan insurance policy with the MFI and on every meeting, makes a payment as a premium * Client is in the middle of a loan and dies suddenly * The MFI takes the amount already paid and returns that to the client's beneficiary and then takes from the insurance to pay off the loan and write it off. I'm not entirely sure how to track this in Mifos. For one, the MFI is writing off the loan, but in Mifos we can only write off if the loan hasn't been completely paid. If we pay the loan off, then its marked as "Closed - Obligations" met. Only way I can think of currently is 1. Reverse the loan and add in comment that it was due to client death 2. Redo loan and then pay off in one lump sum. Or maybe use the status change with "Closed - Rescheduled" ? Thoughts? Anyone have a good workaround for this? Ryan -- Ryan Whitney Mifos Technical Program Manager [email protected] Mifos - Technology that Empowers Microfinance (www.mifos.org) ------------------------------------------------------------------------------ Apps built with the Adobe(R) Flex(R) framework and Flex Builder(TM) are powering Web 2.0 with engaging, cross-platform capabilities. Quickly and easily build your RIAs with Flex Builder, the Eclipse(TM)based development software that enables intelligent coding and step-through debugging. Download the free 60 day trial. http://p.sf.net/sfu/www-adobe-com _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users
