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Posted to dev@fineract.apache.org by Santosh Math <sa...@confluxtechnologies.com> on 2017/11/10 12:59:33 UTC
Re: Charge as a penalt in Mifos Release 17.07.01.RELEASE compared to 16.12.01.RELEASE
Hi Boniphace,
%Aproved Amount in 17.07.1 is same as %Amount. Did you test with penalty
calculation for this for arrear loans and running scheduler job 'Apply
penalty to overdue loans'?
.
Santosh
On Fri, Nov 10, 2017 at 4:47 PM, Boniphace Fredrick <bo...@singo.africa>
wrote:
> Hello Devs;
> 1.I have a concern about charge calculation as an overdue fees.
> In the new Release ie, Release 17.07.01.RELEASE charge calculation as
> %Amount
> is no longer existing as compared to previous Release ie, 16.12.01.RELEASE.
> Consider the screenshot bellow.
> So is this a bug or that's how is suppose to be.
>
> 2.If it must be included, I need some clarification on the business logic
> regarding charge calculation for an overdue fee as a penalty, if we
> consider it as %Amount does it take the percentage of the installment
> amount(ie, principle and interest of the installment amount) or otherwise.
>
> Boniphace Fredrick
> Software Developer
> Research & Development
>
> Office: +255 22 261 8511 | Mobile: +255 718 212 834
>
> Singo Africa Limited
> Block G, Mbezi Beach B | 7Nakawale Road | P.O BOX 78908 | 14121 Dar es
> salaam
>
> singo.africa | amala.co.tz
>
> Let's grow together
Re: Charge as a penalt in Mifos Release 17.07.01.RELEASE compared
to 16.12.01.RELEASE
Posted by Boniphace Fredrick <bo...@singo.africa>.
Thanks for your help,
I found that %Aproved Amount is the principal due amount, But there MFI's charge penalty based on the whole disbursed amount. And this feature no longer exist in 17.07.01.RELEASE
----- Original Message -----
From: "Santosh Math" <sa...@confluxtechnologies.com>
To: "dev" <de...@fineract.apache.org>
Sent: Friday, November 10, 2017 3:59:33 PM
Subject: Re: Charge as a penalt in Mifos Release 17.07.01.RELEASE compared to 16.12.01.RELEASE
Hi Boniphace,
%Aproved Amount in 17.07.1 is same as %Amount. Did you test with penalty
calculation for this for arrear loans and running scheduler job 'Apply
penalty to overdue loans'?
.
Santosh
On Fri, Nov 10, 2017 at 4:47 PM, Boniphace Fredrick <bo...@singo.africa>
wrote:
> Hello Devs;
> 1.I have a concern about charge calculation as an overdue fees.
> In the new Release ie, Release 17.07.01.RELEASE charge calculation as
> %Amount
> is no longer existing as compared to previous Release ie, 16.12.01.RELEASE.
> Consider the screenshot bellow.
> So is this a bug or that's how is suppose to be.
>
> 2.If it must be included, I need some clarification on the business logic
> regarding charge calculation for an overdue fee as a penalty, if we
> consider it as %Amount does it take the percentage of the installment
> amount(ie, principle and interest of the installment amount) or otherwise.
>
> Boniphace Fredrick
> Software Developer
> Research & Development
>
> Office: +255 22 261 8511 | Mobile: +255 718 212 834
>
> Singo Africa Limited
> Block G, Mbezi Beach B | 7Nakawale Road | P.O BOX 78908 | 14121 Dar es
> salaam
>
> singo.africa | amala.co.tz
>
> Let's grow together