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List: mifos-functional
Subject: Re: [Mifos-functional] Loan Schedule Independent of Meeting Schedule
From: "Aliya Walji" <awalji () grameenfoundation ! org>
Date: 2007-06-27 15:12:12
Message-ID: 9DD845C1ED0D5D40B4B56DF5A4B1EB0E01A7685B () gfmail ! gfusa ! org
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Hi Nesrine,
Here are some notes based on the discussions over email and phone we had last week \
with respect to the "Loan Schedule Independent of Meeting Schedule" feature. Take a \
look and let me know if there is anything that is incorrect or needs to be changed. \
Otherwise, these details should be added to the FS and the UI should be modified \
accordingly.
1. The "first repayment date" field that is on the current UI prototype in the \
"create loan account" pipeline does not need to exist because it is automatically \
determined by the system. This field should be removed from the UI. First repayment \
date will be displayed to user on the "Review installments" page.
2. The system will calculate the date of the start of the loan schedule (first \
repayment date) using the following rules:
a. For a loan account with no grace period: The first repayment date will be \
the first "Repayment day" that occurs after the disbursal date and does not violate \
the minimum date range required between disbursal date and first repayment date (as \
configured in the system). In other words, if min date difference is not met, then \
system will choose 2nd repayment day after disbursal date, and then 3rd repayment day \
after disbursal date, until the minimum date difference is met. For example, if a \
loan is disbursed on Wednesday May 30, repayment days occur on Fridays each week, and \
the minimum number of days between disbursal and first repayment is configured to be \
6 days, the start of the loan schedule (first repayment date) will be Friday, June \
8th (the second Friday after disbursal).
b. For a loan account with grace on all repayments: The first repayment date \
will be calculated as in point 'a' above, but then adjusted based on the number of \
grace periods specified. For example, if the first repayment date based on the rules \
above is calculated as June 8 for a loan with payments occurring weekly and the loan \
account has a grace period set to 2 periods, the actual first repayment date in the \
loan schedule will be June 22th.
c. For a loan account with interest only grace period: The first repayment \
date will be the first "Repayment day" that occurs after the disbursal date and does \
not violate the minimum date range required between disbursal date and first \
repayment date (as configured in the system).
3. Minimum date range between disbursal and first repayment does not need to be \
specified by the user. The system will automatically pick the first repayment date \
to occur on the first repayment day that is at least 1 day after the disbursal if no \
minimum date range is configured
Open questions for Nesrine:
1. Does the date range between disbursal and first repayment need to be configurable \
per loan product?
2. Is there any need to have a maximum number of days between disbursal and first \
repayment? It seems unnecessary if the system automatically chooses the first valid \
repayment day as the start of the loan schedule. If the date chosen by the system \
fell outside of the max number of days configured in the system, the user has no way \
of fixing the error in the process of creating a loan account. So, this value seems \
unnecessary.
Once you have validated the above points and answered the open questions above, I \
think we will be in great shape for this feature. Only a few small details are \
remaining :)
Thanks,
Aliya
> -----Original Message-----
> From: oxia_enda_mgmt@googlegroups.com
> [mailto:oxia_enda_mgmt@googlegroups.com] On Behalf Of Emily Tucker
> Sent: Thursday, June 21, 2007 12:27 AM
> To: Mifos functional discussions
> Cc: oxia_enda_mgmt@googlegroups.com
> Subject: RE: Loan Schedule Independent of Meeting Schedule
>
>
> Great progress Aliya and Nesrine. Some quick comments below.
>
> > In order to ensure that users do not enter
> > a first repayment date that is the same
> > as the disbursal date, a minimum should
> > be specified.
>
> Should this just be a validation? Ie, system makes sure there's at
> least 1 day difference. Doesn't seem like it should require user input?
> Sorry if I'm not understanding completely.
>
> > Nesrine will put a note in the
> > FS to Nazir to make sure that this
> > is fixed with the UI is actually
> > developed for the feature.
> >
> > Nesrine will put a note in the FS to
> > Nazir to make sure that this is fixed
> > with the UI is actually developed for the feature.
>
> It's important that we keep the UI screens as close to possible to what
> we want the application to look like-- as future mock-ups will be based
> on this screen. These changes seem very simple. What's the difficulty
> in implementing them?
>
> --~--~---------~--~----~------------~-------~--~----~
> Vous avez reçu ce message, car vous êtes abonné au groupe Groupe
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> Pour transmettre des messages à ce groupe, envoyez un e-mail à
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> http://groups.google.com/group/oxia_enda_mgmt?hl=fr
> -~----------~----~----~----~------~----~------~--~---
>
> -----Original Message-----
> From: oxia_enda_mgmt@googlegroups.com
> [mailto:oxia_enda_mgmt@googlegroups.com] On Behalf Of Emily Tucker
> Sent: Thursday, June 21, 2007 12:27 AM
> To: Mifos functional discussions
> Cc: oxia_enda_mgmt@googlegroups.com
> Subject: RE: Loan Schedule Independent of Meeting Schedule
>
>
> Great progress Aliya and Nesrine. Some quick comments below.
>
> > In order to ensure that users do not enter
> > a first repayment date that is the same
> > as the disbursal date, a minimum should
> > be specified.
>
> Should this just be a validation? Ie, system makes sure there's at
> least 1 day difference. Doesn't seem like it should require user input?
> Sorry if I'm not understanding completely.
>
> > Nesrine will put a note in the
> > FS to Nazir to make sure that this
> > is fixed with the UI is actually
> > developed for the feature.
> >
> > Nesrine will put a note in the FS to
> > Nazir to make sure that this is fixed
> > with the UI is actually developed for the feature.
>
> It's important that we keep the UI screens as close to possible to what
> we want the application to look like-- as future mock-ups will be based
> on this screen. These changes seem very simple. What's the difficulty
> in implementing them?
>
> --~--~---------~--~----~------------~-------~--~----~
> Vous avez reçu ce message, car vous êtes abonné au groupe Groupe
> "OXIA_ENDA_MGMT" de Google Groupes.
> Pour transmettre des messages à ce groupe, envoyez un e-mail à
> l'adresse oxia_enda_mgmt@googlegroups.com
> Pour résilier votre abonnement à ce groupe, envoyez un e-mail à
> l'adresse oxia_enda_mgmt-unsubscribe@googlegroups.com
> Pour afficher d'autres options, visitez ce groupe à l'adresse
> http://groups.google.com/group/oxia_enda_mgmt?hl=fr
> -~----------~----~----~----~------~----~------~--~---
>
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