Behavior of extra installments for loan penalties charged after loan end date
Hi everyone. For some time I've been making some test for loan accounts with penalty charges but didn't notice until recently the behavior I'm about to describe: I create a loan with this parameters: Principal amount: 6000 Loan term: 1 Number of repayments: 1 Repay every: month Nominal interest: 20 Interest method: Declining balance Amortization: Equal installments Interest calculation period: Daily Repayment strategy: default Recalculate interest: enabled Advance payment adjustment type: Reduce number of installments Interest recalculation compounding on: None Days in year: 360 Days in month: 30 Frequency for recalculate outstanding principal: same Charges: Overdue fee 50% of amount Overdue fee 70% of interest The essential part in this configuration is the penalty charges and interest recalculation enabled. I disburse a new loan account on 05/December/2019 so the loan account is overdue. This is the original schedule [cid:image003.jpg@01D5CF86.789C3C90] Next, I run the job to Apply penalty to overdue loan and a new installment is created with the penalties amount. [cid:image006.jpg@01D5CF86.789C3C90] This extra installment is created exclusively by the penalties job. However there are some instances when it disappears, like after I make a repayment [cid:image009.jpg@01D5CF86.789C3C90] [cid:image011.jpg@01D5CF86.789C3C90] It also disappears when a transaction is undone and apparently when a scheduled job (which I haven't been able to identify) is run, when this happens the charges after end date are deactived and new ones need to be created when the Loan penalty job is run again. This only happens to loan accounts with interest recalculation enabled as they are able of regenerate their schedule. Is there an extra configuration not listed here that could help me avoid this behavior? If not, I'm trying to replicate the creation of the additional installment when the loan schedule is being generated. Regards.
Re: Hyperstacks + Apache Fineract: Queries
Hi Yemdjih, You forgot to cc my colleague Janno, nonetheless, I've forwarded this to him Graham Paul Jimenez CEO, Hyperstacks Inc. | Project Head, Haibe www.hyperstacksinc.com | www.haibe.io *This e-mail may contain confidential, proprietary, copyrighted and/or legally privileged information solely for the intended recipient. The contents do not represent the opinion of Hyperstacks Inc. except to the extent that it relates to its official business. If you are not the intended recipient, kindly delete this e-mail and any attachments hereto, and inform the sender by return e-mail of your receipt hereof in error. Do not disclose, copy, distribute the same or make use of the information contained herein any manner. Your violation of any of these terms or the use of this e-mail or the information herein for any illegal purpose or for any other purpose than as permitted by Hyperstacks Inc. is strictly prohibited. Such use may result in disciplinary and legal action.* On Fri, Jan 17, 2020 at 7:29 PM Yemdjih Kaze Nasser wrote: > Hello, > > Please can you list the steps you used to to run the docker container? > > On Fri, 17 Jan 2020 at 09:49, Janno Tabamo > wrote: > >> Hello, >> >> I have a concern regarding tha Apache Fineract. When I run it using the >> docker-compose command from the documentation, it gives me an error saying >> - access denied root@localhost. I don't know if I'm doing something >> wrong because I just followed the documentation (docker section). >> >> Also, I can't access the online MifosX Community demo app. Hoping you can >> give me helpful feedback for my queries. >> >> Best Regards, >> >
