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Date: Thu, 7 Apr 2016 05:18:25 +0000 (UTC)
From: "ASF GitHub Bot (JIRA)" <jira@apache.org>
To: dev@fineract.incubator.apache.org
Message-ID: <JIRA.12952012.1458564748000.159866.1460006305445@Atlassian.JIRA>
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Subject: [jira] [Commented] (FINERACT-94) Allow a recurring gap/moratorium
 for principal between repayments
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    [ https://issues.apache.org/jira/browse/FINERACT-94?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15229705#comment-15229705 ] 

ASF GitHub Bot commented on FINERACT-94:
----------------------------------------

GitHub user binnygopinath opened a pull request:

    https://github.com/apache/incubator-fineract/pull/64

    FINERACT-94: Flexible moratorium (only principal portion)

    
You can merge this pull request into a Git repository by running:

    $ git pull https://github.com/binnygopinath/incubator-fineract flex_moratorium

Alternatively you can review and apply these changes as the patch at:

    https://github.com/apache/incubator-fineract/pull/64.patch

To close this pull request, make a commit to your master/trunk branch
with (at least) the following in the commit message:

    This closes #64
    
----
commit 437de26c33a800004af1918c48520713932e7e43
Author: binnygopinath <binny.gopinath@gmail.com>
Date:   2016-04-07T05:14:02Z

    FINERACT-94: Flexible morotorium(only principal portion)

----


> Allow a recurring gap/moratorium for principal between repayments
> -----------------------------------------------------------------
>
>                 Key: FINERACT-94
>                 URL: https://issues.apache.org/jira/browse/FINERACT-94
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Loan
>            Reporter: Binny Gopinath Sreevas
>            Assignee: Markus Geiss
>
> Financial institutions may want to ask the client to:
> a) Repay interest for every period
> b) However, principal may be repaid once in a quarter or once in six months etc.
> The variable installment feature could be used. However this would take too long for an end user to create each loan account with the corresponding repayment.
> Similar to the existing feature of having a grace/moratorium at the beginning of the loan, I propose to add a "Moratorium periods for principal in between repayments".
> If this is set to 2 - then 2 repayments will skip principal portion for repayments and only interest will be collected during these repayments. In effect this means that collect principal once in every 3 repayments.


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