*Scenario*
I have created a loan product, and enabled Place Guarantee Funds On-Hold as
follows
*Mandatory Guarantee 25%*
*Minimum Guarantee from Own Funds 15%*
*Minimum Guarantee from Guarantor Funds 10%*
I created a new loan application of 38,000,000 UGX for a client who has a
balance of 7,583,055 UGX in the linked Savings Account, and created two
Guarantors with the following savings balances
*Ulea Florence 5,010,000 UGX*
*Banduga Geoferson 4,010,000 UGX*
When I try to approve the above loan, I get an error
*Minimum self guarantee of `[5,700,000]` required for this product*
*Minimum guarantor guarantee of `[3,800,000]` required for this product*
*Mandatory guarantee of `[9,500,000]` required for this product*
Questions:
1. Why does approval fail even when all the above requirements are
met.
2. Is the *Minimum guarantor guarantee of `[3,800,000]` *divided
equally between the gurantors i.e whether the fund placed on hold for each
guarantor is 1,900,000?
3. What if one guarantor has less than 1,900,000 say 200,000 but the
other gurantor has enough balance even to cater for the 10% say 4,000,000?
------------------------------------------------------------------------------
Site24x7 APM Insight: Get Deep Visibility into Application Performance
APM + Mobile APM + RUM: Monitor 3 App instances at just $35/Month
Monitor end-to-end web transactions and take corrective actions now
Troubleshoot faster and improve end-user experience. Signup Now!
http://pubads.g.doubleclick.net/gampad/clk?id=272487151&iu=/4140
_______________________________________________
Mifos-users mailing list
Mifos-users@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/mifos-users
