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Posted to issues@fineract.apache.org by "Awasum Yannick (Jira)" <ji...@apache.org> on 2020/02/04 12:47:00 UTC

[jira] [Assigned] (FINERACT-134) Add support for Revolving Line of Credit products

     [ https://issues.apache.org/jira/browse/FINERACT-134?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Awasum Yannick reassigned FINERACT-134:
---------------------------------------

    Assignee:     (was: Markus Geiss)

> 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: Ed Cable
>            Priority: Major
>
> 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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