fineract-user mailing list archives

Site index · List index
Message view « Date » · « Thread »
Top « Date » · « Thread »
From Ed Cable <>
Subject Re: Some Research on how Co-operatives manage Share Accounts - Redeeming/Transfer
Date Sun, 24 Apr 2016 14:53:48 GMT
Hi Robert,

Thanks for this feedback. I'm including Dayna on this thread and also
forwarding to our Fineract-Users lists so we can discuss amongst the
community the commonality of these share transfer requiremens.

On Sun, Apr 24, 2016 at 12:02 AM, Ippez Robert <>

> One point i have left out is that the Share buyer is the one to give the
> cash equivalent to the shares transferred to the original share account
> holder. The Cooperative is there just to witness that such transfer has
> occurred and Client X has transferred Client Y n number of shares amount to
> b (share value) and client Y has given Client X his money for the share
> transferred.
> Regards
> Ippez Robert
> On Sun, Apr 24, 2016 at 9:57 AM, Ippez Robert <>
> wrote:
>> Hi All,
>> I was carrying some research about how most Co-operatives manage Share
>> Accounts, they have raised an important key thing which i feel i should
>> share with you for consideration and inclusion in Fineract.
>> Once a member has purchased a share(s), he/she can not withdraw that
>> share but rather transfer it to any client of the cooperative willing to
>> either increase his/her share number. Then both of them have to come to the
>> cooperative for mutual agreement and then the number of share that clients
>> wants to sell/transfer in case he/she wants to reduce share number or
>> completely ceases to become a member is transfer to the buyer( but this
>> must also be a client in the cooperative). In short the cooperative doesn't
>> give cash to a client who is redeeming any share amount. This is to reduce
>> total shares it already has.
>> Inclusion in Fineract,
>> So to me, we should add one functionality for "Share Transfer" along side
>> "Redeem" such that this works the same way as "Fund Transfer" which is
>> already in Savings Account.
>> Lastly, is the total share value(monetary value) already included in the
>> ShareAccountDetails API, i would like to add this to the view share account
>> detail as "Share Balance" - the total for approved shares only not pending
>> approval inclusive
>> Thanks.
>> Regards
>> Ippez Robert

*Ed Cable*
Director of Community Programs, Mifos Initiative | Skype: edcable | Mobile: +1.484.477.8649

*Collectively Creating a World of 3 Billion Maries | *
<>  <>

View raw message