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From "Edward Cable (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-134) Add support for Revolving Line of Credit products
Date Wed, 06 Apr 2016 19:01:25 GMT
Edward Cable created FINERACT-134:
-------------------------------------

             Summary: Add support for Revolving Line of Credit products
                 Key: FINERACT-134
                 URL: https://issues.apache.org/jira/browse/FINERACT-134
             Project: Apache Fineract
          Issue Type: New Feature
            Reporter: Edward Cable
            Assignee: Markus Geiss


As part of the Q2 work on Flexible Loan Schedules phase 3, we should explore supporting a
new product for a revolving line of credit. 

We have had requests from customer like the Paradigm Project for revolving lines of credit
to purchase non-durable goods like solar cook stoves etc: http://www.theparadigmproject.org/

The primary difference between a revolving and non-revolving line of credit is that repayments
on RLOC replenish the available credit balance, becoming available for borrowing again. See
http://goo.gl/0itVoh



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