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From "James Rowe (JIRA)" <>
Subject [jira] [Created] (FINERACT-37) Support rescheduling repayments on holidays
Date Fri, 19 Feb 2016 00:47:18 GMT
James Rowe created FINERACT-37:

             Summary: Support rescheduling repayments on holidays
                 Key: FINERACT-37
             Project: Apache Fineract
          Issue Type: Improvement
          Components: System
            Reporter: James Rowe
            Assignee: Markus Geiss

Our client is currently trying to migrate from their current financial software, but one of
the configuration options is not present in Fineract. The option changes the way Fineract
schedules loan repayments. Instead of rescheduling a repayment to a different day in the week,
holidays would reschedule the repayment to the next due date and extend the schedule. For
example with a holiday like this a loan that has a repayment
fall in the holiday will be rescheduled to the next week and the following repayments will
be postponed. With this the loan term is extended and the repayment
that landed on a holiday is repaid on the next due date. 

I already have a proof of concept patch for this, but I think there are some issues with it.
As such, I would like to work with a developer to discuss the best way to implement this,
or if you would like, we can just figure out why my patch occasionally enters an infinite

As a related request, the client is looking to have the interest due at this repayment to
be redistributed across the full loan schedule. I wasn't sure if I should include this in
this issue report or to make a new one that is related to this issue.

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