Re: [Mifos-users] Explanation about Interest Calculation

[Sander van der Heyden]

Hi Adi,

Thanks, now added on JIRA: https://issues.apache.org/jira/browse/FINERACT-59

S


Sander van der Heyden

CTO Musoni Services




Mobile (NL): +31 (0)6 14239505
Skype: s.vdheyden
Website: musonisystem.com
Follow us on Twitter!  
Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam,
The Netherlands

On Wed, Mar 2, 2016 at 11:38 AM, Adi Raju 
wrote:

> Hi Sander,
>
> Changes are done in sync with our initial discussion for "same as
> repayment" option. It's working fine for declining balance loans. It's not
> working in case of flat loans, which is a bug. Please raise an issue(for
> tracking) and we will provide a fix.
>
> Regards,
> Adi
> On 02-Mar-2016 3:42 pm, "Sander van der Heyden" <
> sandervanderhey...@musoni.eu> wrote:
>
> > Hi George,
> >
> > I completely agree, from our end one of the key reasons people use flat
> > interest loans (or essentially all fixed schedule loans) is that you can
> > have standardised products, repayment amounts etc. And this change
> diverts
> > away from it, and therefore for the cases we've tested so far, we are
> > unable to get the same schedules without indeed requiring the data entry
> > teams to change the way they are working, or making hard-coded UI
> > modifications for it.
> >
> > @Adi: Do you plan to make sure that the flat loans will just keep using
> the
> > same way of calculating as before for "Same as repayment Period", and for
> > people who do want to get the period included, they can use the 'daily'
> > calculation type? I believe this is also what I proposed initially, so
> was
> > wondering if that was the fix you were proposing, or whether it would
> work
> > differently?
> >
> > Have cc'ed the Fineract dev list now, and happy to write it up on the
> JIRA
> > there, but think it is good we are clear on the proposed solution as
> well.
> >
> > Thanks,
> > Sander
> >
> >
> > Sander van der Heyden
> >
> > CTO Musoni Services
> >
> >
> >
> >
> > Mobile (NL): +31 (0)6 14239505
> > Skype: s.vdheyden
> > Website: musonisystem.com
> > Follow us on Twitter!  
> > Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam,
> > The Netherlands
> >
> > On Tue, Mar 1, 2016 at 9:34 AM, Georges Lteif <
> georgeslt...@almajmoua.org>
> > wrote:
> >
> > > Hello Sander
> > > exactly as you mentioned,
> > > this is a weird behaviour for our loan as we can't tell our clients
> that
> > > your last repayment would change based on when our finance would
> disburse
> > > your loan right?
> > >
> > > it should be something really fixed
> > >
> > > Another question also is that the person doing data entry has to know
> the
> > > date of the disbursement right?
> > > since if a client was created on the 1st of May and the disbursement
> date
> > > set by the data entry personnel is 2nd of May
> > >
> > > the finance cannot disburse it before the 2nd right? for any reason
> > > they have to wait?
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> >
> --
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> > > Mifos-users mailing list
> > > mifos-us...@lists.sourceforge.net
> > > https://lists.sourceforge.net/lists/listinfo/mifos-users
> > >
> > >
> >
>

Re: [Mifos-users] Explanation about Interest Calculation

[Ed Cable]

Let's also move this thread over to the Fineract developer mailing list and
continue discussion about fixing the regression there.

-- Forwarded message --
From: Ed Cable <edca...@mifos.org
<https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBZWRjYWJsZSU0MG1pZm9zLm9yZw==>
>
Date: Tue, Mar 1, 2016 at 8:45 AM
Subject: Re: [Mifos-users] Explanation about Interest Calculation
To: "A good place to start for users or folks new to Mifos." <
mifos-us...@lists.sourceforge.net
<https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBbWlmb3MtdXNlcnMlNDBsaXN0cy5zb3VyY2Vmb3JnZS5uZXQ=>
>
Cc: Mifos Users <mifosus...@googlegroups.com
<https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBbWlmb3N1c2VycyU0MGdvb2dsZWdyb3Vwcy5jb20=>
>


George/Sander,

Thank you for catching this and Adi thanks for getting the team mobilized
to address it promptly.

George, you can create your issue here:
https://issues.apache.org/jira/browse/FINERACT
<https://web.chilipiper.com/link/mifos.org/56d5c712e4b02bbec5bbcf9f?link=aHR0cHMlM0ElMkYlMkZpc3N1ZXMuYXBhY2hlLm9yZyUyRmppcmElMkZicm93c2UlMkZGSU5FUkFDVA==>

Ed

On Tue, Mar 1, 2016 at 12:44 AM, Adi Raju <adi.r...@confluxtechnologies.com
<https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBYWRpLnJhanUlNDBjb25mbHV4dGVjaG5vbG9naWVzLmNvbQ==>
> wrote:

> Hi Sander,
>
>
>
> This looks like a unintentional regression from the change.
>
> We need to fix this.
>
>
>
> George,
>
> Can you please raise a JIRA issue on FINERACT?
>
>
>
> Regards,
>
> Adi
>
>
>
> *From:* Sander van der Heyden [mailto:sandervanderhey...@musoni.eu
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBc2FuZGVydmFuZGVyaGV5ZGVuJTQwbXVzb25pLmV1>]
>
> *Sent:* 01 March 2016 13:16
> *To:* A good place to start for users or folks new to Mifos. <
> mifos-us...@lists.sourceforge.net
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBbWlmb3MtdXNlcnMlNDBsaXN0cy5zb3VyY2Vmb3JnZS5uZXQ=>
> >
> *Cc:* Mifos Users <mifosus...@googlegroups.com
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBbWlmb3N1c2VycyU0MGdvb2dsZWdyb3Vwcy5jb20=>
> >
> *Subject:* Re: [Mifos-users] Explanation about Interest Calculation
>
>
>
> Hi Subramanya, George
>
>
>
> This is what was also discussed a while back when this rebuild was
> introduced where we were assured then that it would not change for flat
> loans. However testing this through from my end this looks like this is
> still breaking existing functionality for upgrading users (we are currently
> merging the latest branch and testing through stuff)
>
>
>
> Going over our old e-mails you indicated that we would have to use the
> "Interest Charged From Date" Option for that, however doing that on
> George's example product, and setting it to 1 mo before startdate, it does
> not seem to have any effect at all. I've setup loan IL1300219 with a
> repay startdate of 14th of April and Interest calculated from 14th of March
> which then gives exactly the same schedule as for Georges example on loan
> 215.
>
>
>
> Is there any way simple setting which allows us to keep interest rates the
> same as in the existing scenario, which is a fixed schedule loan (whether
> declining or flat interest) with "Same as repayment Period" selected?
>
>
>
> Thanks,
>
> Sander
>
>
>
> Sander van der Heyden
>
> CTO Musoni Services
>
>
>
> Mobile (NL): +31 (0)6 14239505
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=dGVsJTNBJTI1MkIzMSUyNTIwJTI1MjgwJTI1Mjk2JTI1MjAxNDIzOTUwNQ==>
> Skype: s.vdheyden
> Website: musonisystem.com
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=aHR0cCUzQSUyRiUyRm11c29uaXN5c3RlbS5jb20lMkY=>
> Follow us on Twitter!
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=aHR0cHMlM0ElMkYlMkZ0d2l0dGVyLmNvbSUyRm11c29uaW1maQ==>
> Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam,
> The Netherlands
>
>
>
> On Tue, Mar 1, 2016 at 8:14 AM, Subramanya S N <
> subrama...@confluxtechnologies.com
> <https://web.chilipiper.com/link/mifos.org/56d5c78ee4b02bbec5bbcfa1?link=bWFpbHRvJTNBc3VicmFtYW55YSU0MGNvbmZsdXh0ZWNobm9sb2dpZXMuY29t>>
> wrote:
>
> Hi Georges Lteif,
> In the above scenarios interest calculation will go in this way,
> You have selected Interest Calculation Period as Same as repayment, here
> the interest calculation with respect to periods need