Hi Geraldine we would definitely vote for # 4 if you want to log as a request - or if you prefer me to log it and you can vote for it let me know. Our workaround was to put in a checklist to have someone check a box to confirm they have adequate collateral in their savings account before approving the loan.
For # 5 I am confused as I assumed mifos applied the interest automatically to the account. In fact I was told it applies the interest automatically on the last day of the period selected be it monthly, quarterly or annually so am I misreading your question? For # 6 I interpret upfront to mean at time of approving the loan and disbursement as being at the first meeting date but open to correction on this! Regards Gayl On 13/07/2010, Geraldine O'Keeffe <geeokee...@gmail.com> wrote: > Hi > > > > I started this chat offline but bringing it on to the list serve for others > to participate. (ryan ignore previous mail and let's just focus on this one) > > > > List of questions I have. > > > > 1. Initial question was how to handle data entry which may occur a day > or two behind the calendar date. All agreed that editing the server date > wasn't a good approach and that ideally client would get all data in on the > same day as the meeting. However if it did occur, one suggestion was to edit > the meeting dates to allow for input but we've confirmed that this can mess > up the schedules since the repayments will now be on this new date. So I'm > trying another approach. I've changed the db setting for Loan Schedule > Independent of Meeting to 1. What I'm seeing is that after doing that I > still have control to schedule the installment repayment dates manually but > have the same options as with a meeting date/day definition. So if I > manually select the same day/date as the meeting I can align repayments with > the meetings, with the benefit that I can disburse with dates different to > the meeting dates. Does that make sense? Will I lose out on other features > if I don't tie meetings and schedules together? Is this also the way to > handle group and individuals (who don't belong to a group and don't have a > meeting date) in the same db? > > > > 2. Question about how to handle fees/repayments that may be paid > between meeting dates. Now after make the changes above this seems less of a > problem for repayments, except for fees which are still tied to the meeting > date. Kay responded on this and sounds like the next release will deal with > that, albeit only as a full payment, but I think this will suffice. > > > > 3. It was mentioned that if you opt to not use centers, then the > collection sheet wasn't available. I have centers activated but know the > client doesn't actually use them. Hoping that this is something that can be > handled by Mifos at some point but for now will just likely change the label > Center to Group and Group to SubGroup to make it a bit easier for people to > understand- although they also don't use Subgroups! > > > > 4. Is there any way to enforce a savings/loan ratio in mifos? Ie must > have 30% of loan value in the savings account before disbursement. Guessing > not but thought worth asking. Will suggest this as a manual validation > > > > 5. How can we handle crediting of savings interest? Could that be via > an upload to post the interest due? Note this is currently only paid > annually so am sure a back end solution would be fine. > > > > 6. Can you explain to me a bit about the options for fees on loans and > the timing of when it is charged? Basically I'm not sure what the difference > is between Upfront and Time of Disbursement? > > > > That's it for now. > > > > Thanks > > g > > -- Regards Gayl ------------------------------------------------------------------------------ This SF.net email is sponsored by Sprint What will you do first with EVO, the first 4G phone? Visit sprint.com/first -- http://p.sf.net/sfu/sprint-com-first _______________________________________________ Mifos-users mailing list Mifos-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/mifos-users
