Ed,
This was put in for one of the early adopters of MifosX
>>They were creating 'irregular' loans - i.e. they thought there were
creating loan for a year or 12 months but would really be a 48 >>or 49
week loan or 11 month loan.
We will get around to cleaning this up soon.
Regards,
Vishwas
On 14 August 2013 06:58, Edward Cable <edca...@openmf.org> wrote:
> Is it possible during loan account creation to have the loan term get
> auto-calculated after # of repayments and repayment frequency has been
> specified.
>
> It seems like a redundant step for users to have to manually fill in both
> these values and make sure they match up (or at least ensure the # of
> repayments doesn't exceed the term.)
>
> Is the reason why we have the ability to set the term independent of # of
> installments for those MFIs who calculate flat interest on a term longer
> than the repayment schedule?
>
> In the case of declining balance loans, what matters is the # of
> repayments and the term doesn't really have any effect.
>
> But in the case of flat interest loans, we wouldn't necessarily want to
> force the # of repayments to match the term.
>
> However, more often than not won't the MFI want # of repayments to match
> the term and we don't want the user to do extra work. I realize we weren't
> adding constraints initially but this area of flexibility seems to create
> more work for the system user.
>
> In Mifos you simply specified the frequency of repayments and the # of
> installments.
>
> but in Mifos X you can specify independently for example:
>
> Term: 52 weeks
> # of Repayments: 12
> Repaid every: 2 weeks
>
> Forgive me if I'm missing something obvious...
>
> Ed
>
>
> ------------------------------------------------------------------------------
> Get 100% visibility into Java/.NET code with AppDynamics Lite!
> It's a free troubleshooting tool designed for production.
> Get down to code-level detail for bottlenecks, with <2% overhead.
> Download for free and get started troubleshooting in minutes.
> http://pubads.g.doubleclick.net/gampad/clk?id=48897031&iu=/4140/ostg.clktrk
> _______________________________________________
> Mifos-users mailing list
> Mifos-users@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
------------------------------------------------------------------------------
Get 100% visibility into Java/.NET code with AppDynamics Lite!
It's a free troubleshooting tool designed for production.
Get down to code-level detail for bottlenecks, with <2% overhead.
Download for free and get started troubleshooting in minutes.
http://pubads.g.doubleclick.net/gampad/clk?id=48897031&iu=/4140/ostg.clktrk
_______________________________________________
Mifos-users mailing list
Mifos-users@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/mifos-users
