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Date: Wed, 2 Mar 2016 16:08:20 +0530
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Subject: Re: [Mifos-users] Explanation about Interest Calculation
From: Adi Raju <adi.raju@confluxtechnologies.com>
To: dev@fineract.incubator.apache.org
Cc: Mifos Users <mifosusers@googlegroups.com>,
	mifos-users <mifos-users@lists.sourceforge.net>
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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" <
sandervanderheyden@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!  <https://twitter.com/musonimfi>
> Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam,
> The Netherlands
>
> On Tue, Mar 1, 2016 at 9:34 AM, Georges Lteif <georgeslteif@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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>

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