Binny, As you guessed, theirs no support for this in mifos at present. you could do this update at the 'database level' writing a script to update all active loans (setting interest rate to latest value) and only update loan schedules from a certain date.
Keith. On Sat, Aug 20, 2011 at 4:32 AM, Binny Gopinath <binny.gopin...@gmail.com> wrote: > Hi all, > > One of my clients want to change their interest rate (from 15.46% flat, to > 13.04 flat). This is a change across the organization for one of their loan > product and needs to be applied to all active loans also. > > I have 2 questions: > > a) > > Old installments remain unchanged and new installments will have the revised > interest rate, (i.e. for 10,000 loan, old installments have the interest as > 30 and any future installments will have interest as 26): Can Mifos handle > such a scenario? My guess is it cannot. Have any of you faced this issue and > if yes, is there a workaround? - > The only thing I can think of is to one-by-one close all existing loans with > "closed-rescheduled" status. Make a note of the principal outstanding before > closing and to create new loans based on this amount. This will be very > painful for the MFI staff and also may show a very skewed data in their > reports. > > b) > > If old installments also are to change with the new interest rate, then we > could use "reverse loan disbursal" and "redo loan disbursal" features. Is > that correct? Is there a way to do this in bulk, rather than one loan at a > time? > > -- > Thanks and Regards > Binny Gopinath Sreevas > > > ------------------------------------------------------------------------------ > Get a FREE DOWNLOAD! and learn more about uberSVN rich system, > user administration capabilities and model configuration. Take > the hassle out of deploying and managing Subversion and the > tools developers use with it. http://p.sf.net/sfu/wandisco-d2d-2 > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users > > ------------------------------------------------------------------------------ uberSVN's rich system and user administration capabilities and model configuration take the hassle out of deploying and managing Subversion and the tools developers use with it. Learn more about uberSVN and get a free download at: http://p.sf.net/sfu/wandisco-dev2dev _______________________________________________ Mifos-users mailing list Mifos-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/mifos-users
