Right
On Fri, May 3, 2013 at 6:14 PM, Ashok <as...@confluxtechnologies.com> wrote:
> Binny,
>
> I can see there are two parts for JLG loans.
>
> 1. Users do not want to tie disbursement date with meeting date and
> want interest calculation should start from the date of actual
> disbursement.
> 2. Loan repayment should follow the meeting dates i.e. on center/
> group meeting dates.
>
> If my understanding is correct then we can use meeting dates only for loan
> repayment schedule generation.
>
>
> Regards
> Ashok
>
> On Fri, May 3, 2013 at 5:47 PM, Keith Woodlock <keithwoodl...@gmail.com>wrote:
>
>> Binny,
>>
>> Yes. correct. If you downloaded the source or used the demo app on
>> https://demo.openmf.org you will see that when you create a loan for a
>> client you can choose any disbursement date you like and repayment schedule
>> is created according to that (the norm)
>>
>> In the center/group context scenario, Ashok is creating UI that uses
>> 'meeting' concept so that dates align with the meeting frequency of the
>> center. So the repayment schedule frequency matches center meeting
>> frequency.
>>
>>
>> On Fri, May 3, 2013 at 1:09 PM, Binny Gopinath
>> <binny.gopin...@gmail.com>wrote:
>>
>>> Ashok,
>>>
>>> This is the input from GK:
>>>
>>> In case of many products & perhaps most group loans, we may continue to
>>> disburse on meeting date, but the process is inflexible today as we do not
>>> have any other choice. This should be something that can be defined at
>>> administrative level. On the system, the interest calculation etc
>>> should be from actual disbursement date and not necessarily from the
>>> meeting date.
>>>
>>> We could avoid hardcoding the business rule on the platform. I assume
>>> what you are saying is that the disbursement date will be defaulted to the
>>> meeting date on UI only. And user can modify it? This will make data entry
>>> easier for the majority of loans for organizations like GK.
>>>
>>> Thanks
>>> Binny
>>>
>>> On Fri, May 3, 2013 at 5:17 PM, Ashok <as...@confluxtechnologies.com>wrote:
>>>
>>>>
>>>> b) Will it be possible to disburse 2 loans products of 2 different
>>>> disbursement/repayment frequencies to a customer who belongs to a group?
>>>> For ex. customer has a JLG loan which is disbursed and re-paid at
>>>> meetings and there is an Emergency loan which is disbursed and repaid
>>>> outside of the group meetings.
>>>>
>>>> >> At API level we have given a flexibility where in one center/group
>>>> can have more than one meeting calendar associated to it. If the second
>>>> loan wants to follow a different disbursement/ repayment frequency then
>>>> they can choose appropriate meeting calendar to meet their requirements.
>>>>
>>>> We are trying not to tie meeting calendar to JLG loans, if a meeting
>>>> calendar is attached to a loan (this can be very much handled in UI)
>>>> then only meeting calendar validations will come in place.
>>>>
>>>>
>>>> regards
>>>> Ashok
>>>>
>>>>
>>>> On Fri, May 3, 2013 at 4:47 PM, Keith Woodlock <keithwoodl...@gmail.com
>>>> > wrote:
>>>>
>>>>> Binny,
>>>>>
>>>>> At the platform level we are going to support maximum flexibility so
>>>>> we havent built in contraints like the disbursement one mentioned above
>>>>> exactly for the reasons you outlined - its not clear to me if GK really
>>>>> want this also (but they might). Allowing the client app built on top of
>>>>> the platform to bake in contraints is a very much the strategy an
>>>>> application developer would take - we at platform level cant be all things
>>>>> to all people - workflow and buisiness process rules that are not industry
>>>>> norms would be put in at the app level so users of the app dont have to
>>>>> worry about these things.
>>>>>
>>>>> So we wont be putting in any hard coded business rules like
>>>>> disbursement date must match meeting date unless its clearly an industry
>>>>> norm (which its not) and I would fight against putting in configuration
>>>>> everywhere to support these types of scenarios as well. If GK or another
>>>>> MFI care enough about this rule (its central to their process) they can
>>>>> tweak the UI to support it.
>>>>>
>>>>> regards,
>>>>> Keith.
>>>>>
>>>>>
>>>>> On Fri, May 3, 2013 at 12:08 PM, Binny Gopinath <
>>>>> binny.gopin...@gmail.com> wrote:
>>>>>
>>>>>> Ashok, Keith,
>>>>>>
>>>>>> I would suggest to keep this configurable at the product level. When
>>>>>> defining the loan product, we have a flag that states whether the loan
>>>>>> disbursement should coincide with the meeting date or not. Also, if we
>>>>>> implement the validation in the UI, then there is the risk of different
>>>>>> front-ends (web, mobile etc.) dealing with this differently. So shouldn't
>>>>>> this check be done on the API side?
>>>>>>
>>>>>> If we tie the disbursement date to meeting date, I see couple of
>>>>>> disadvantages:
>>>>>>
>>>>>> a) Actual disbursement happens on a non-meeting date -
>>>>>> Examples:
>>>>>> Disbursement is done at the branch and not at the center meetings
>>>>>> Or
>>>>>> There is a loan product where a vendor supplies goods (like solar
>>>>>> lamp or water purifier) to the MFI customer and the once installation of
>>>>>> the lamp or purifier is completed, the vendor submits bills to MFI and
>>>>>> MFI
>>>>>> does disbursement. Customer repays the cost of lamp or purifier to MFI
>>>>>> with
>>>>>> interest. Here disbursement will rarely be on a meeting date.
>>>>>>
>>>>>> b) Will it be possible to disburse 2 loans products of 2 different
>>>>>> disbursement/repayment frequencies to a customer who belongs to a group?
>>>>>> For ex. customer has a JLG loan which is disbursed and re-paid at
>>>>>> meetings
>>>>>> and there is an Emergency loan which is disbursed and repaid outside of
>>>>>> the
>>>>>> group meetings.
>>>>>>
>>>>>> I would like to hear from other MFI users, if you think there are any
>>>>>> disadvantages in tying disbursement to meeting dates.
>>>>>>
>>>>>> Thanks
>>>>>> Binny
>>>>>>
>>>>>>
>>>>>>
>>>>>> On Fri, May 3, 2013 at 3:50 PM, Ashok
>>>>>> <as...@confluxtechnologies.com>wrote:
>>>>>>
>>>>>>> Hi Amit,
>>>>>>>
>>>>>>> Right now I don't have much details about the workbook or workflow
>>>>>>> of group lending process used in GK, we tried to add existing features
>>>>>>> from
>>>>>>> Mifos. The Center and Group functionality in MifosX covers very basic,
>>>>>>> it
>>>>>>> requires lot of improvements.
>>>>>>>
>>>>>>> @Binny, do you have any details of GK's group lending workflow.
>>>>>>>
>>>>>>>
>>>>>>> Regards
>>>>>>> Ashok
>>>>>>>
>>>>>>>
>>>>>>> On Fri, May 3, 2013 at 10:45 AM, AMIT JAIN
>>>>>>> <amitjain....@gmail.com>wrote:
>>>>>>>
>>>>>>>> Hello Ashok,
>>>>>>>> Can you sahre a group lending process workbook or workflow with me
>>>>>>>> after that I am able to understand the process at MIFOS-X.
>>>>>>>>
>>>>>>>> Might be there methodology is different from us.
>>>>>>>>
>>>>>>>> Let me understand first.
>>>>>>>> Thanks and Regards
>>>>>>>>
>>>>>>>>
>>>>>>>> On Fri, May 3, 2013 at 10:35 AM, Ashok <
>>>>>>>> as...@confluxtechnologies.com> wrote:
>>>>>>>>
>>>>>>>>> Hi Ed,
>>>>>>>>>
>>>>>>>>> Whatever Keith has mentioned is correct, thanks Keith.
>>>>>>>>>
>>>>>>>>> Most of the restrictions are on UI, based on new requirements and
>>>>>>>>> user inputs we can add more flexibility to group lending APIs. Soon I
>>>>>>>>> will
>>>>>>>>> be talking to Binny on GK requirements that should cover most of the
>>>>>>>>> common
>>>>>>>>> scenarios.
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> Regards
>>>>>>>>> Ashok
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> On Thu, May 2, 2013 at 10:07 PM, Keith Woodlock <
>>>>>>>>> keithwoodl...@gmail.com> wrote:
>>>>>>>>>
>>>>>>>>>> Ed,
>>>>>>>>>>
>>>>>>>>>> As far as i understand this is a 'constraint' put in on the ui
>>>>>>>>>> side (although it looked like theres a check on it in the backend)
>>>>>>>>>> for JLG
>>>>>>>>>> loans. That is you can still choose any disbursement date you like
>>>>>>>>>> for
>>>>>>>>>> 'individual loans' and as you say most people from group context
>>>>>>>>>> will want
>>>>>>>>>> that flexibility to but its not baked in by an means, the guys are
>>>>>>>>>> trying
>>>>>>>>>> to replicate what they see on mifos for GK which is fair enough
>>>>>>>>>> cause there
>>>>>>>>>> GK requirements.
>>>>>>>>>>
>>>>>>>>>> Keith.
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>> On Thu, May 2, 2013 at 5:29 PM, Ed Cable <edca...@gmail.com>wrote:
>>>>>>>>>>
>>>>>>>>>>> Ashok,
>>>>>>>>>>>
>>>>>>>>>>> Thanks for the demo today of the group lending functionalities
>>>>>>>>>>> in Mifos X.
>>>>>>>>>>>
>>>>>>>>>>> I was concerned about the inability to select a disbursement
>>>>>>>>>>> date outside of the meeting date. Isn't this a limitation from
>>>>>>>>>>> legacy
>>>>>>>>>>> Mifos that we were seeking to remove?
>>>>>>>>>>>
>>>>>>>>>>> I understand that if a client doesn't belong to a center that
>>>>>>>>>>> they can have a loan (individual or group) regardless of meeting
>>>>>>>>>>> date but
>>>>>>>>>>> is it now such that if a client belongs to a center, the loan
>>>>>>>>>>> (group or
>>>>>>>>>>> individual) can only be disbursed on the meeting date?
>>>>>>>>>>>
>>>>>>>>>>> Does the flexibility to disburse outside of meeting date add too
>>>>>>>>>>> many complexities at the group level? Is this the same for loans at
>>>>>>>>>>> the
>>>>>>>>>>> individual level?
>>>>>>>>>>>
>>>>>>>>>>> Thanks,
>>>>>>>>>>>
>>>>>>>>>>> Ed
>>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>
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>>>>>>
>>>>>>
>>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks and Regards
>>> Binny Gopinath Sreevas
>>> +91-98861 39498
>>> Skype: binny.gopinath
>>>
>>
>>
>
>
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--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821
|
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