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Posted to dev@fineract.apache.org by "Zayyad A. Said" <za...@intrasofttechnologies.com> on 2019/06/11 20:22:08 UTC
Overdues for NPA
Hello Devs,
In loan products configuration there is an option to define overdue days for
a loan to be classified as Non-Performing Asset (NPA).
In my understanding and from my knowledge of the industry, a loan that has
been classified as NPA doesn't attract any more charges or penalties and the
FI normally does effort to recover what's due so that the loan can either be
reclassified as Performing or Closed. I want to believe this was also the
main reason of having this option in Mifos X.
To my surprise, the system still charges interest & penalties even when a
loan has been overdue for more days than what has been specified as NPA at
the product level.
Is this a bug or there is a configuration missing which should stop further
accruals?
I have observed this in both versions 17.07.01 and 18.03.01 and the
behaviour is just the same.
Could anyone who has successfully manage to get this feature working for
them come forward and advise how they configured the product.
If it's a bug, how can we get it resolved? We have a number of our clients
struggling with penalty accruals and waiving the same is a very tedious
exercise as they have to do it one by one.
Regards;
*******
Zayyad A. Said | Chairman & C.E.O
Cell No.: +254 716 615274 | Skype: zsaid2011
Email: <ma...@intrasofttechnologies.com>
zayyad@intrasofttechnologies.com
Schedule Meetings: <https://calendly.com/zayyadsaid>
https://calendly.com/zayyadsaid
Description: Email banner
Re: [Mifos-developer] Overdues for NPA
Posted by Saransh Sharma <sa...@theupscale.in>.
Hey, I was wondering how do I fix a loan which is NPA'ed I tried all config
related to loan , intact tried posting backdated loan.
how do you test a NPA loan ?
Anyone let me know ?
On Fri, Jun 21, 2019 at 3:11 PM Saransh Sharma <sa...@theupscale.in>
wrote:
> When loan is overdue which can be defined as part of arrears tolerance.
>
> I am wondering if out of arrears I can stop penalty
>
> On Fri, 21 Jun 2019, 15:07 Santosh Math, <sa...@confluxtechnologies.com>
> wrote:
>
>> Saransh,
>> Penalties are applied when scheduler job is run if the loan account is
>> applied with penalty fee. I am just trying to say the difference between
>> loan in arrears and loan in NPA.
>>
>> On Fri, Jun 21, 2019 at 3:00 PM Saransh Sharma <sa...@theupscale.in>
>> wrote:
>>
>>> Are you referring to automatic penalties?
>>>
>>> On Fri, 21 Jun 2019, 14:50 Santosh Math, <
>>> santosh@confluxtechnologies.com> wrote:
>>>
>>>> Hi Saransh,
>>>>
>>>> When the account is overdue/arrears penalties are applied based on the
>>>> arrears and penalty definition. When the account is overdue/NPA , penalties
>>>> should not be applied.
>>>>
>>>>
>>>> On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <sa...@theupscale.in>
>>>> wrote:
>>>>
>>>>> Hi, I have a question
>>>>>
>>>>> 1. When the account is overdue then it should stop applying
>>>>> fees/penalties and charges
>>>>> 2. In case of NPA also when in. applying penalties (automatic) one.
>>>>>
>>>>> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said <
>>>>> zayyad@intrasofttechnologies.com> wrote:
>>>>>
>>>>>> That’s great to hear that it can be fixed asap.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Will appreciate if we can get a quick fix for it, our clients are
>>>>>> really frustrated on this.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Regards;
>>>>>>
>>>>>>
>>>>>>
>>>>>> *********
>>>>>>
>>>>>> *Zayyad A. Said | Chairman & C.E.O*
>>>>>>
>>>>>>
>>>>>>
>>>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>>>>
>>>>>> Email: zayyad@intrasofttechnologies.com
>>>>>>
>>>>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>>>>
>>>>>> [image: Description: Email banner]
>>>>>>
>>>>>>
>>>>>>
>>>>>> *From:* Saransh Sharma [mailto:saransh@theupscale.in]
>>>>>> *Sent:* 12 June 2019 04:25 PM
>>>>>> *To:* Dev; Mexina Daniel
>>>>>> *Cc:* Zayyad A. Said; Mifos software development
>>>>>> *Subject:* Re: [Mifos-developer] Overdues for NPA
>>>>>>
>>>>>>
>>>>>>
>>>>>> I think I can fix this issue asap.
>>>>>>
>>>>>>
>>>>>>
>>>>>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa>
>>>>>> wrote:
>>>>>>
>>>>>> Hello Zayyad
>>>>>>
>>>>>> this issue has already been reported on this ticket
>>>>>> https://issues.apache.org/jira/browse/FINERACT-687
>>>>>>
>>>>>> Best Regards
>>>>>>
>>>>>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
>>>>>> zayyad@intrasofttechnologies.com> wrote:
>>>>>>
>>>>>> Hello Devs,
>>>>>>
>>>>>>
>>>>>>
>>>>>> In loan products configuration there is an option to define overdue
>>>>>> days for a loan to be classified as Non-Performing Asset (NPA).
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> In my understanding and from my knowledge of the industry, a loan
>>>>>> that has been classified as NPA doesn’t attract any more charges or
>>>>>> penalties and the FI normally does effort to recover what’s due so that the
>>>>>> loan can either be reclassified as Performing or Closed. I want to believe
>>>>>> this was also the main reason of having this option in Mifos X.
>>>>>>
>>>>>>
>>>>>>
>>>>>> To my surprise, the system still charges interest & penalties even
>>>>>> when a loan has been overdue for more days than what has been specified as
>>>>>> NPA at the product level.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Is this a bug or there is a configuration missing which should stop
>>>>>> further accruals?
>>>>>>
>>>>>>
>>>>>>
>>>>>> I have observed this in both versions 17.07.01 and 18.03.01 and the
>>>>>> behaviour is just the same.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Could anyone who has successfully manage to get this feature working
>>>>>> for them come forward and advise how they configured the product.
>>>>>>
>>>>>>
>>>>>>
>>>>>> If it’s a bug, how can we get it resolved? We have a number of our
>>>>>> clients struggling with penalty accruals and waiving the same is a very
>>>>>> tedious exercise as they have to do it one by one.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Regards;
>>>>>>
>>>>>>
>>>>>>
>>>>>> *********
>>>>>>
>>>>>> *Zayyad A. Said | Chairman & C.E.O*
>>>>>>
>>>>>>
>>>>>>
>>>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>>>>
>>>>>> Email: zayyad@intrasofttechnologies.com
>>>>>>
>>>>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>>>>
>>>>>> [image: Description: Email banner]
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>> Mifos-developer mailing list
>>>>>> mifos-developer@lists.sourceforge.net
>>>>>> Unsubscribe or change settings at:
>>>>>> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>>>>>>
>>>>>>
>>>>>
>>>>> --
>>>>>
>>>>>
>>>>> Saransh Sharma
>>>>>
>>>>>
>>>>>
>>>>> ----------------------------------------------------------------------------------------------
>>>>>
>>>>> The idea of separation of me and you is amazing.
>>>>>
>>>>> ----------------------------------------------------------------------------------------------
>>>>>
>>>>>
>>>>>
>>>>
>>>>
>>>> --
>>>> Thanks & Regards
>>>>
>>>> Santosh Math
>>>>
>>>> *QA Engineer*
>>>>
>>>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
>>>> | *Office*: +91-080-41208662 |
>>>>
>>>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
>>>> Bengaluru, Karnataka, 560043 INDIA
>>>>
>>>
>>
>> --
>> Thanks & Regards
>>
>> Santosh Math
>>
>> *QA Engineer*
>>
>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
>> | *Office*: +91-080-41208662 |
>>
>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
>> Bengaluru, Karnataka, 560043 INDIA
>>
>
--
Saransh Sharma
----------------------------------------------------------------------------------------------
The idea of separation of me and you is amazing.
----------------------------------------------------------------------------------------------
Re: [Mifos-developer] Overdues for NPA
Posted by Saransh Sharma <sa...@theupscale.in>.
When loan is overdue which can be defined as part of arrears tolerance.
I am wondering if out of arrears I can stop penalty
On Fri, 21 Jun 2019, 15:07 Santosh Math, <sa...@confluxtechnologies.com>
wrote:
> Saransh,
> Penalties are applied when scheduler job is run if the loan account is
> applied with penalty fee. I am just trying to say the difference between
> loan in arrears and loan in NPA.
>
> On Fri, Jun 21, 2019 at 3:00 PM Saransh Sharma <sa...@theupscale.in>
> wrote:
>
>> Are you referring to automatic penalties?
>>
>> On Fri, 21 Jun 2019, 14:50 Santosh Math, <sa...@confluxtechnologies.com>
>> wrote:
>>
>>> Hi Saransh,
>>>
>>> When the account is overdue/arrears penalties are applied based on the
>>> arrears and penalty definition. When the account is overdue/NPA , penalties
>>> should not be applied.
>>>
>>>
>>> On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <sa...@theupscale.in>
>>> wrote:
>>>
>>>> Hi, I have a question
>>>>
>>>> 1. When the account is overdue then it should stop applying
>>>> fees/penalties and charges
>>>> 2. In case of NPA also when in. applying penalties (automatic) one.
>>>>
>>>> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said <
>>>> zayyad@intrasofttechnologies.com> wrote:
>>>>
>>>>> That’s great to hear that it can be fixed asap.
>>>>>
>>>>>
>>>>>
>>>>> Will appreciate if we can get a quick fix for it, our clients are
>>>>> really frustrated on this.
>>>>>
>>>>>
>>>>>
>>>>> Regards;
>>>>>
>>>>>
>>>>>
>>>>> *********
>>>>>
>>>>> *Zayyad A. Said | Chairman & C.E.O*
>>>>>
>>>>>
>>>>>
>>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>>>
>>>>> Email: zayyad@intrasofttechnologies.com
>>>>>
>>>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>>>
>>>>> [image: Description: Email banner]
>>>>>
>>>>>
>>>>>
>>>>> *From:* Saransh Sharma [mailto:saransh@theupscale.in]
>>>>> *Sent:* 12 June 2019 04:25 PM
>>>>> *To:* Dev; Mexina Daniel
>>>>> *Cc:* Zayyad A. Said; Mifos software development
>>>>> *Subject:* Re: [Mifos-developer] Overdues for NPA
>>>>>
>>>>>
>>>>>
>>>>> I think I can fix this issue asap.
>>>>>
>>>>>
>>>>>
>>>>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
>>>>>
>>>>> Hello Zayyad
>>>>>
>>>>> this issue has already been reported on this ticket
>>>>> https://issues.apache.org/jira/browse/FINERACT-687
>>>>>
>>>>> Best Regards
>>>>>
>>>>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
>>>>> zayyad@intrasofttechnologies.com> wrote:
>>>>>
>>>>> Hello Devs,
>>>>>
>>>>>
>>>>>
>>>>> In loan products configuration there is an option to define overdue
>>>>> days for a loan to be classified as Non-Performing Asset (NPA).
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> In my understanding and from my knowledge of the industry, a loan that
>>>>> has been classified as NPA doesn’t attract any more charges or penalties
>>>>> and the FI normally does effort to recover what’s due so that the loan can
>>>>> either be reclassified as Performing or Closed. I want to believe this was
>>>>> also the main reason of having this option in Mifos X.
>>>>>
>>>>>
>>>>>
>>>>> To my surprise, the system still charges interest & penalties even
>>>>> when a loan has been overdue for more days than what has been specified as
>>>>> NPA at the product level.
>>>>>
>>>>>
>>>>>
>>>>> Is this a bug or there is a configuration missing which should stop
>>>>> further accruals?
>>>>>
>>>>>
>>>>>
>>>>> I have observed this in both versions 17.07.01 and 18.03.01 and the
>>>>> behaviour is just the same.
>>>>>
>>>>>
>>>>>
>>>>> Could anyone who has successfully manage to get this feature working
>>>>> for them come forward and advise how they configured the product.
>>>>>
>>>>>
>>>>>
>>>>> If it’s a bug, how can we get it resolved? We have a number of our
>>>>> clients struggling with penalty accruals and waiving the same is a very
>>>>> tedious exercise as they have to do it one by one.
>>>>>
>>>>>
>>>>>
>>>>> Regards;
>>>>>
>>>>>
>>>>>
>>>>> *********
>>>>>
>>>>> *Zayyad A. Said | Chairman & C.E.O*
>>>>>
>>>>>
>>>>>
>>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>>>
>>>>> Email: zayyad@intrasofttechnologies.com
>>>>>
>>>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>>>
>>>>> [image: Description: Email banner]
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Mifos-developer mailing list
>>>>> mifos-developer@lists.sourceforge.net
>>>>> Unsubscribe or change settings at:
>>>>> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>>>>>
>>>>>
>>>>
>>>> --
>>>>
>>>>
>>>> Saransh Sharma
>>>>
>>>>
>>>>
>>>> ----------------------------------------------------------------------------------------------
>>>>
>>>> The idea of separation of me and you is amazing.
>>>>
>>>> ----------------------------------------------------------------------------------------------
>>>>
>>>>
>>>>
>>>
>>>
>>> --
>>> Thanks & Regards
>>>
>>> Santosh Math
>>>
>>> *QA Engineer*
>>>
>>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
>>> | *Office*: +91-080-41208662 |
>>>
>>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
>>> Bengaluru, Karnataka, 560043 INDIA
>>>
>>
>
> --
> Thanks & Regards
>
> Santosh Math
>
> *QA Engineer*
>
> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
> | *Office*: +91-080-41208662 |
>
> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
> Bengaluru, Karnataka, 560043 INDIA
>
Re: [Mifos-developer] Overdues for NPA
Posted by Santosh Math <sa...@confluxtechnologies.com>.
Saransh,
Penalties are applied when scheduler job is run if the loan account is
applied with penalty fee. I am just trying to say the difference between
loan in arrears and loan in NPA.
On Fri, Jun 21, 2019 at 3:00 PM Saransh Sharma <sa...@theupscale.in>
wrote:
> Are you referring to automatic penalties?
>
> On Fri, 21 Jun 2019, 14:50 Santosh Math, <sa...@confluxtechnologies.com>
> wrote:
>
>> Hi Saransh,
>>
>> When the account is overdue/arrears penalties are applied based on the
>> arrears and penalty definition. When the account is overdue/NPA , penalties
>> should not be applied.
>>
>>
>> On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <sa...@theupscale.in>
>> wrote:
>>
>>> Hi, I have a question
>>>
>>> 1. When the account is overdue then it should stop applying
>>> fees/penalties and charges
>>> 2. In case of NPA also when in. applying penalties (automatic) one.
>>>
>>> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said <
>>> zayyad@intrasofttechnologies.com> wrote:
>>>
>>>> That’s great to hear that it can be fixed asap.
>>>>
>>>>
>>>>
>>>> Will appreciate if we can get a quick fix for it, our clients are
>>>> really frustrated on this.
>>>>
>>>>
>>>>
>>>> Regards;
>>>>
>>>>
>>>>
>>>> *********
>>>>
>>>> *Zayyad A. Said | Chairman & C.E.O*
>>>>
>>>>
>>>>
>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>>
>>>> Email: zayyad@intrasofttechnologies.com
>>>>
>>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>>
>>>> [image: Description: Email banner]
>>>>
>>>>
>>>>
>>>> *From:* Saransh Sharma [mailto:saransh@theupscale.in]
>>>> *Sent:* 12 June 2019 04:25 PM
>>>> *To:* Dev; Mexina Daniel
>>>> *Cc:* Zayyad A. Said; Mifos software development
>>>> *Subject:* Re: [Mifos-developer] Overdues for NPA
>>>>
>>>>
>>>>
>>>> I think I can fix this issue asap.
>>>>
>>>>
>>>>
>>>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
>>>>
>>>> Hello Zayyad
>>>>
>>>> this issue has already been reported on this ticket
>>>> https://issues.apache.org/jira/browse/FINERACT-687
>>>>
>>>> Best Regards
>>>>
>>>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
>>>> zayyad@intrasofttechnologies.com> wrote:
>>>>
>>>> Hello Devs,
>>>>
>>>>
>>>>
>>>> In loan products configuration there is an option to define overdue
>>>> days for a loan to be classified as Non-Performing Asset (NPA).
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> In my understanding and from my knowledge of the industry, a loan that
>>>> has been classified as NPA doesn’t attract any more charges or penalties
>>>> and the FI normally does effort to recover what’s due so that the loan can
>>>> either be reclassified as Performing or Closed. I want to believe this was
>>>> also the main reason of having this option in Mifos X.
>>>>
>>>>
>>>>
>>>> To my surprise, the system still charges interest & penalties even when
>>>> a loan has been overdue for more days than what has been specified as NPA
>>>> at the product level.
>>>>
>>>>
>>>>
>>>> Is this a bug or there is a configuration missing which should stop
>>>> further accruals?
>>>>
>>>>
>>>>
>>>> I have observed this in both versions 17.07.01 and 18.03.01 and the
>>>> behaviour is just the same.
>>>>
>>>>
>>>>
>>>> Could anyone who has successfully manage to get this feature working
>>>> for them come forward and advise how they configured the product.
>>>>
>>>>
>>>>
>>>> If it’s a bug, how can we get it resolved? We have a number of our
>>>> clients struggling with penalty accruals and waiving the same is a very
>>>> tedious exercise as they have to do it one by one.
>>>>
>>>>
>>>>
>>>> Regards;
>>>>
>>>>
>>>>
>>>> *********
>>>>
>>>> *Zayyad A. Said | Chairman & C.E.O*
>>>>
>>>>
>>>>
>>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>>
>>>> Email: zayyad@intrasofttechnologies.com
>>>>
>>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>>
>>>> [image: Description: Email banner]
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
>>>> Mifos-developer mailing list
>>>> mifos-developer@lists.sourceforge.net
>>>> Unsubscribe or change settings at:
>>>> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>>>>
>>>>
>>>
>>> --
>>>
>>>
>>> Saransh Sharma
>>>
>>>
>>>
>>> ----------------------------------------------------------------------------------------------
>>>
>>> The idea of separation of me and you is amazing.
>>>
>>> ----------------------------------------------------------------------------------------------
>>>
>>>
>>>
>>
>>
>> --
>> Thanks & Regards
>>
>> Santosh Math
>>
>> *QA Engineer*
>>
>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
>> | *Office*: +91-080-41208662 |
>>
>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
>> Bengaluru, Karnataka, 560043 INDIA
>>
>
--
Thanks & Regards
Santosh Math
*QA Engineer*
*Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
| *Office*: +91-080-41208662 |
*Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
Bengaluru, Karnataka, 560043 INDIA
Re: [Mifos-developer] Overdues for NPA
Posted by Saransh Sharma <sa...@theupscale.in>.
Are you referring to automatic penalties?
On Fri, 21 Jun 2019, 14:50 Santosh Math, <sa...@confluxtechnologies.com>
wrote:
> Hi Saransh,
>
> When the account is overdue/arrears penalties are applied based on the
> arrears and penalty definition. When the account is overdue/NPA , penalties
> should not be applied.
>
>
> On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <sa...@theupscale.in>
> wrote:
>
>> Hi, I have a question
>>
>> 1. When the account is overdue then it should stop applying
>> fees/penalties and charges
>> 2. In case of NPA also when in. applying penalties (automatic) one.
>>
>> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said <
>> zayyad@intrasofttechnologies.com> wrote:
>>
>>> That’s great to hear that it can be fixed asap.
>>>
>>>
>>>
>>> Will appreciate if we can get a quick fix for it, our clients are really
>>> frustrated on this.
>>>
>>>
>>>
>>> Regards;
>>>
>>>
>>>
>>> *********
>>>
>>> *Zayyad A. Said | Chairman & C.E.O*
>>>
>>>
>>>
>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>
>>> Email: zayyad@intrasofttechnologies.com
>>>
>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>
>>> [image: Description: Email banner]
>>>
>>>
>>>
>>> *From:* Saransh Sharma [mailto:saransh@theupscale.in]
>>> *Sent:* 12 June 2019 04:25 PM
>>> *To:* Dev; Mexina Daniel
>>> *Cc:* Zayyad A. Said; Mifos software development
>>> *Subject:* Re: [Mifos-developer] Overdues for NPA
>>>
>>>
>>>
>>> I think I can fix this issue asap.
>>>
>>>
>>>
>>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
>>>
>>> Hello Zayyad
>>>
>>> this issue has already been reported on this ticket
>>> https://issues.apache.org/jira/browse/FINERACT-687
>>>
>>> Best Regards
>>>
>>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
>>> zayyad@intrasofttechnologies.com> wrote:
>>>
>>> Hello Devs,
>>>
>>>
>>>
>>> In loan products configuration there is an option to define overdue days
>>> for a loan to be classified as Non-Performing Asset (NPA).
>>>
>>>
>>>
>>>
>>>
>>> In my understanding and from my knowledge of the industry, a loan that
>>> has been classified as NPA doesn’t attract any more charges or penalties
>>> and the FI normally does effort to recover what’s due so that the loan can
>>> either be reclassified as Performing or Closed. I want to believe this was
>>> also the main reason of having this option in Mifos X.
>>>
>>>
>>>
>>> To my surprise, the system still charges interest & penalties even when
>>> a loan has been overdue for more days than what has been specified as NPA
>>> at the product level.
>>>
>>>
>>>
>>> Is this a bug or there is a configuration missing which should stop
>>> further accruals?
>>>
>>>
>>>
>>> I have observed this in both versions 17.07.01 and 18.03.01 and the
>>> behaviour is just the same.
>>>
>>>
>>>
>>> Could anyone who has successfully manage to get this feature working for
>>> them come forward and advise how they configured the product.
>>>
>>>
>>>
>>> If it’s a bug, how can we get it resolved? We have a number of our
>>> clients struggling with penalty accruals and waiving the same is a very
>>> tedious exercise as they have to do it one by one.
>>>
>>>
>>>
>>> Regards;
>>>
>>>
>>>
>>> *********
>>>
>>> *Zayyad A. Said | Chairman & C.E.O*
>>>
>>>
>>>
>>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>>
>>> Email: zayyad@intrasofttechnologies.com
>>>
>>> Schedule Meetings: https://calendly.com/zayyadsaid
>>>
>>> [image: Description: Email banner]
>>>
>>>
>>>
>>>
>>>
>>>
>>> Mifos-developer mailing list
>>> mifos-developer@lists.sourceforge.net
>>> Unsubscribe or change settings at:
>>> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>>>
>>>
>>
>> --
>>
>>
>> Saransh Sharma
>>
>>
>>
>> ----------------------------------------------------------------------------------------------
>>
>> The idea of separation of me and you is amazing.
>>
>> ----------------------------------------------------------------------------------------------
>>
>>
>>
>
>
> --
> Thanks & Regards
>
> Santosh Math
>
> *QA Engineer*
>
> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
> | *Office*: +91-080-41208662 |
>
> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
> Bengaluru, Karnataka, 560043 INDIA
>
Re: [Mifos-developer] Overdues for NPA
Posted by Santosh Math <sa...@confluxtechnologies.com>.
Hi Saransh,
When the account is overdue/arrears penalties are applied based on the
arrears and penalty definition. When the account is overdue/NPA , penalties
should not be applied.
On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <sa...@theupscale.in>
wrote:
> Hi, I have a question
>
> 1. When the account is overdue then it should stop applying fees/penalties
> and charges
> 2. In case of NPA also when in. applying penalties (automatic) one.
>
> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said <
> zayyad@intrasofttechnologies.com> wrote:
>
>> That’s great to hear that it can be fixed asap.
>>
>>
>>
>> Will appreciate if we can get a quick fix for it, our clients are really
>> frustrated on this.
>>
>>
>>
>> Regards;
>>
>>
>>
>> *********
>>
>> *Zayyad A. Said | Chairman & C.E.O*
>>
>>
>>
>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>
>> Email: zayyad@intrasofttechnologies.com
>>
>> Schedule Meetings: https://calendly.com/zayyadsaid
>>
>> [image: Description: Email banner]
>>
>>
>>
>> *From:* Saransh Sharma [mailto:saransh@theupscale.in]
>> *Sent:* 12 June 2019 04:25 PM
>> *To:* Dev; Mexina Daniel
>> *Cc:* Zayyad A. Said; Mifos software development
>> *Subject:* Re: [Mifos-developer] Overdues for NPA
>>
>>
>>
>> I think I can fix this issue asap.
>>
>>
>>
>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
>>
>> Hello Zayyad
>>
>> this issue has already been reported on this ticket
>> https://issues.apache.org/jira/browse/FINERACT-687
>>
>> Best Regards
>>
>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
>> zayyad@intrasofttechnologies.com> wrote:
>>
>> Hello Devs,
>>
>>
>>
>> In loan products configuration there is an option to define overdue days
>> for a loan to be classified as Non-Performing Asset (NPA).
>>
>>
>>
>>
>>
>> In my understanding and from my knowledge of the industry, a loan that
>> has been classified as NPA doesn’t attract any more charges or penalties
>> and the FI normally does effort to recover what’s due so that the loan can
>> either be reclassified as Performing or Closed. I want to believe this was
>> also the main reason of having this option in Mifos X.
>>
>>
>>
>> To my surprise, the system still charges interest & penalties even when a
>> loan has been overdue for more days than what has been specified as NPA at
>> the product level.
>>
>>
>>
>> Is this a bug or there is a configuration missing which should stop
>> further accruals?
>>
>>
>>
>> I have observed this in both versions 17.07.01 and 18.03.01 and the
>> behaviour is just the same.
>>
>>
>>
>> Could anyone who has successfully manage to get this feature working for
>> them come forward and advise how they configured the product.
>>
>>
>>
>> If it’s a bug, how can we get it resolved? We have a number of our
>> clients struggling with penalty accruals and waiving the same is a very
>> tedious exercise as they have to do it one by one.
>>
>>
>>
>> Regards;
>>
>>
>>
>> *********
>>
>> *Zayyad A. Said | Chairman & C.E.O*
>>
>>
>>
>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>
>> Email: zayyad@intrasofttechnologies.com
>>
>> Schedule Meetings: https://calendly.com/zayyadsaid
>>
>> [image: Description: Email banner]
>>
>>
>>
>>
>>
>>
>> Mifos-developer mailing list
>> mifos-developer@lists.sourceforge.net
>> Unsubscribe or change settings at:
>> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>>
>>
>
> --
>
>
> Saransh Sharma
>
>
>
> ----------------------------------------------------------------------------------------------
>
> The idea of separation of me and you is amazing.
>
> ----------------------------------------------------------------------------------------------
>
>
>
--
Thanks & Regards
Santosh Math
*QA Engineer*
*Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
| *Office*: +91-080-41208662 |
*Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
Bengaluru, Karnataka, 560043 INDIA
Re: [Mifos-developer] Overdues for NPA
Posted by Saransh Sharma <sa...@theupscale.in>.
Hi, I have a question
1. When the account is overdue then it should stop applying fees/penalties
and charges
2. In case of NPA also when in. applying penalties (automatic) one.
On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said <
zayyad@intrasofttechnologies.com> wrote:
> That’s great to hear that it can be fixed asap.
>
>
>
> Will appreciate if we can get a quick fix for it, our clients are really
> frustrated on this.
>
>
>
> Regards;
>
>
>
> *********
>
> *Zayyad A. Said | Chairman & C.E.O*
>
>
>
> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>
> Email: zayyad@intrasofttechnologies.com
>
> Schedule Meetings: https://calendly.com/zayyadsaid
>
> [image: Description: Email banner]
>
>
>
> *From:* Saransh Sharma [mailto:saransh@theupscale.in]
> *Sent:* 12 June 2019 04:25 PM
> *To:* Dev; Mexina Daniel
> *Cc:* Zayyad A. Said; Mifos software development
> *Subject:* Re: [Mifos-developer] Overdues for NPA
>
>
>
> I think I can fix this issue asap.
>
>
>
> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
>
> Hello Zayyad
>
> this issue has already been reported on this ticket
> https://issues.apache.org/jira/browse/FINERACT-687
>
> Best Regards
>
> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
> zayyad@intrasofttechnologies.com> wrote:
>
> Hello Devs,
>
>
>
> In loan products configuration there is an option to define overdue days
> for a loan to be classified as Non-Performing Asset (NPA).
>
>
>
>
>
> In my understanding and from my knowledge of the industry, a loan that has
> been classified as NPA doesn’t attract any more charges or penalties and
> the FI normally does effort to recover what’s due so that the loan can
> either be reclassified as Performing or Closed. I want to believe this was
> also the main reason of having this option in Mifos X.
>
>
>
> To my surprise, the system still charges interest & penalties even when a
> loan has been overdue for more days than what has been specified as NPA at
> the product level.
>
>
>
> Is this a bug or there is a configuration missing which should stop
> further accruals?
>
>
>
> I have observed this in both versions 17.07.01 and 18.03.01 and the
> behaviour is just the same.
>
>
>
> Could anyone who has successfully manage to get this feature working for
> them come forward and advise how they configured the product.
>
>
>
> If it’s a bug, how can we get it resolved? We have a number of our clients
> struggling with penalty accruals and waiving the same is a very tedious
> exercise as they have to do it one by one.
>
>
>
> Regards;
>
>
>
> *********
>
> *Zayyad A. Said | Chairman & C.E.O*
>
>
>
> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>
> Email: zayyad@intrasofttechnologies.com
>
> Schedule Meetings: https://calendly.com/zayyadsaid
>
> [image: Description: Email banner]
>
>
>
>
>
>
> Mifos-developer mailing list
> mifos-developer@lists.sourceforge.net
> Unsubscribe or change settings at:
> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>
>
--
Saransh Sharma
----------------------------------------------------------------------------------------------
The idea of separation of me and you is amazing.
----------------------------------------------------------------------------------------------
RE: [Mifos-developer] Overdues for NPA
Posted by "Zayyad A. Said" <za...@intrasofttechnologies.com>.
That’s great to hear that it can be fixed asap.
Will appreciate if we can get a quick fix for it, our clients are really frustrated on this.
Regards;
*******
Zayyad A. Said | Chairman & C.E.O
Cell No.: +254 716 615274 | Skype: zsaid2011
Email: zayyad@intrasofttechnologies.com
Schedule Meetings: https://calendly.com/zayyadsaid
Description: Email banner
From: Saransh Sharma [mailto:saransh@theupscale.in]
Sent: 12 June 2019 04:25 PM
To: Dev; Mexina Daniel
Cc: Zayyad A. Said; Mifos software development
Subject: Re: [Mifos-developer] Overdues for NPA
I think I can fix this issue asap.
On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
Hello Zayyad
this issue has already been reported on this ticket https://issues.apache.org/jira/browse/FINERACT-687
Best Regards
On June 12, 2019 at 1:52 AM "Zayyad A. Said" <za...@intrasofttechnologies.com> wrote:
Hello Devs,
In loan products configuration there is an option to define overdue days for a loan to be classified as Non-Performing Asset (NPA).
In my understanding and from my knowledge of the industry, a loan that has been classified as NPA doesn’t attract any more charges or penalties and the FI normally does effort to recover what’s due so that the loan can either be reclassified as Performing or Closed. I want to believe this was also the main reason of having this option in Mifos X.
To my surprise, the system still charges interest & penalties even when a loan has been overdue for more days than what has been specified as NPA at the product level.
Is this a bug or there is a configuration missing which should stop further accruals?
I have observed this in both versions 17.07.01 and 18.03.01 and the behaviour is just the same.
Could anyone who has successfully manage to get this feature working for them come forward and advise how they configured the product.
If it’s a bug, how can we get it resolved? We have a number of our clients struggling with penalty accruals and waiving the same is a very tedious exercise as they have to do it one by one.
Regards;
*******
Zayyad A. Said | Chairman & C.E.O
Cell No.: +254 716 615274 | Skype: zsaid2011
Email: zayyad@intrasofttechnologies.com
Schedule Meetings: https://calendly.com/zayyadsaid
Description: Email banner
Mifos-developer mailing list
mifos-developer@lists.sourceforge.net
Unsubscribe or change settings at:
https://lists.sourceforge.net/lists/listinfo/mifos-developer
Re: [Mifos-developer] Overdues for NPA
Posted by Saransh Sharma <sa...@theupscale.in>.
I think I can fix this issue asap.
On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <me...@singo.africa> wrote:
> Hello Zayyad
>
> this issue has already been reported on this ticket
> https://issues.apache.org/jira/browse/FINERACT-687
>
> Best Regards
>
> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <
> zayyad@intrasofttechnologies.com> wrote:
>
> Hello Devs,
>
>
>
> In loan products configuration there is an option to define overdue days
> for a loan to be classified as Non-Performing Asset (NPA).
>
>
>
>
>
> In my understanding and from my knowledge of the industry, a loan that has
> been classified as NPA doesn’t attract any more charges or penalties and
> the FI normally does effort to recover what’s due so that the loan can
> either be reclassified as Performing or Closed. I want to believe this was
> also the main reason of having this option in Mifos X.
>
>
>
> To my surprise, the system still charges interest & penalties even when a
> loan has been overdue for more days than what has been specified as NPA at
> the product level.
>
>
>
> Is this a bug or there is a configuration missing which should stop
> further accruals?
>
>
>
> I have observed this in both versions 17.07.01 and 18.03.01 and the
> behaviour is just the same.
>
>
>
> Could anyone who has successfully manage to get this feature working for
> them come forward and advise how they configured the product.
>
>
>
> If it’s a bug, how can we get it resolved? We have a number of our clients
> struggling with penalty accruals and waiving the same is a very tedious
> exercise as they have to do it one by one.
>
>
>
> Regards;
>
>
>
> *********
>
> *Zayyad A. Said | Chairman & C.E.O*
>
>
>
> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>
> Email: zayyad@intrasofttechnologies.com
>
> Schedule Meetings: https://calendly.com/zayyadsaid
>
> [image: Description: Email banner]
>
>
>
>
>
>
> Mifos-developer mailing list
> mifos-developer@lists.sourceforge.net
> Unsubscribe or change settings at:
> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>
>
Re: [Mifos-developer] Overdues for NPA
Posted by Mexina Daniel <me...@singo.africa>.
Hello Zayyad
this issue has already been reported on this ticket https://issues.apache.org/jira/browse/FINERACT-687
Best Regards
> On June 12, 2019 at 1:52 AM "Zayyad A. Said" <za...@intrasofttechnologies.com> wrote:
>
>
> Hello Devs,
>
>
>
> In loan products configuration there is an option to define overdue days for a loan to be classified as Non-Performing Asset (NPA).
>
>
>
>
>
> In my understanding and from my knowledge of the industry, a loan that has been classified as NPA doesn’t attract any more charges or penalties and the FI normally does effort to recover what’s due so that the loan can either be reclassified as Performing or Closed. I want to believe this was also the main reason of having this option in Mifos X.
>
>
>
> To my surprise, the system still charges interest & penalties even when a loan has been overdue for more days than what has been specified as NPA at the product level.
>
>
>
> Is this a bug or there is a configuration missing which should stop further accruals?
>
>
>
> I have observed this in both versions 17.07.01 and 18.03.01 and the behaviour is just the same.
>
>
>
> Could anyone who has successfully manage to get this feature working for them come forward and advise how they configured the product.
>
>
>
> If it’s a bug, how can we get it resolved? We have a number of our clients struggling with penalty accruals and waiving the same is a very tedious exercise as they have to do it one by one.
>
>
>
> Regards;
>
>
>
> *******
>
> Zayyad A. Said | Chairman & C.E.O
>
>
>
> Cell No.: +254 716 615274 | Skype: zsaid2011
>
> Email: zayyad@intrasofttechnologies.com mailto:zayyad@intrasofttechnologies.com
>
> Schedule Meetings: https://calendly.com/zayyadsaid https://calendly.com/zayyadsaid
>
> [Description: Email banner]
>
>
>
> Mifos-developer mailing list
> mifos-developer@lists.sourceforge.net
> Unsubscribe or change settings at:
> https://lists.sourceforge.net/lists/listinfo/mifos-developer
>