+1 Regards, David Asem
On Wed, 5 Jun 2024, 15:25 VICTOR MANUEL ROMERO RODRIGUEZ, < victor.rom...@fintecheando.mx> wrote: > +1 > > El mié., 5 de junio de 2024 9:10 a. m., Bruce <brucetush...@gmail.com> > escribió: > >> +1 >> >> On Wed, Jun 5, 2024 at 6:02 PM Inzemamul Haq <inzemamha...@gmail.com> >> wrote: >> >>> +1 >>> >>> On Wed, 5 Jun, 2024, 8:12 pm Kigred Developer, < >>> kigred.develo...@gmail.com> wrote: >>> >>>> +1 >>>> >>>> On Wed, 5 Jun 2024, 17:26 Ed Cable, <edca...@mifos.org> wrote: >>>> >>>>> Now that we've had sufficient time for discussion, it's time for a >>>>> vote on the Fineract Significant Improvement proposal around continued >>>>> enhancement to the progressive loan module. >>>>> >>>>> Only voting members of the PMC will count towards the three >>>>> necessary +1 votes but as James noted we would like the entire community >>>>> to >>>>> vote to gauge the overall level of support. >>>>> >>>>> Please vote per our usual rules: >>>>> >>>>> +1 >>>>> 0 >>>>> -1 >>>>> >>>>> This vote will be open for 72 hours . >>>>> >>>>> Thanks, >>>>> >>>>> Ed >>>>> >>>>> >>>>> ---------- Forwarded message --------- >>>>> From: James Dailey <jdai...@apache.org> >>>>> Date: Wed, Jun 5, 2024 at 2:38 AM >>>>> Subject: Re: DISCUSS: Fineract Significant Improvement Proposal: >>>>> [FSIP-3] Continue Enhancing New Progressive Loan Module to Support >>>>> Interest-Bearing Loans >>>>> To: <dev@fineract.apache.org> >>>>> >>>>> >>>>> Ed - Please call for a VOTE on this in order to complete the process >>>>> of adopting the SIP. >>>>> Minimally, it needs to be adopted by three voting members of the PMC >>>>> but wider community support would be important as well. >>>>> Create a new thread with the word [VOTE] in the header as is our >>>>> practice, and record the vote. >>>>> IF approved, then track progress and provide updates. >>>>> >>>>> Thanks >>>>> >>>>> >>>>> >>>>> On Tue, May 28, 2024 at 11:53 PM Bharath Gowda <bgo...@mifos.org> >>>>> wrote: >>>>> >>>>>> Hi, >>>>>> >>>>>> Yes the Interest rate remains the same for subsequent disbursements >>>>>> and there is no option to change the interest rate at the time of >>>>>> Disbursement. >>>>>> However, There is an option if the user wants to change the interest >>>>>> rate after disbursement from a specific Installments.the option is >>>>>> available under the "Reschedule" option. >>>>>> >>>>>> >>>>>> Regards, >>>>>> Bharath >>>>>> Lead Implementation Analyst | Mifos Initiative >>>>>> Skype: live:cbharath4| Mobile: +91.7019635592 >>>>>> http://mifos.org <http://facebook.com/mifos> >>>>>> <http://www.twitter.com/mifos> >>>>>> >>>>>> >>>>>> On Wed, May 29, 2024 at 11:57 AM It's NPE <croskc...@gmail.com> >>>>>> wrote: >>>>>> >>>>>>> Hi, Ed, >>>>>>> >>>>>>> One question, "Initial configuration will be for the progressive loan >>>>>>> to support Declining balance interest strategy, with daily interest >>>>>>> calculation and interest recalculation which modifies the last >>>>>>> installment >>>>>>> of the loan based on whether there were early or late repayments.". >>>>>>> >>>>>>> Query: Will the interest rate remain consistent for each subsequent >>>>>>> disbursement or will there be flexibility to change the interest rate >>>>>>> for >>>>>>> every new disbursal? >>>>>>> >>>>>>> On Wed, May 15, 2024 at 11:32 PM Ed Cable <edca...@mifos.org> wrote: >>>>>>> >>>>>>>> Hi all, >>>>>>>> >>>>>>>> I wanted to open up a discussion thread related to the ongoing >>>>>>>> enhancements that are occurring to the loan functionality within >>>>>>>> Fineract. >>>>>>>> There are major changes being proposed which continuedto extend off the >>>>>>>> existing enhancements that have gone into the new progressive loan >>>>>>>> calculations that were delivered in Fineract 1.9. >>>>>>>> >>>>>>>> The design and implementation of these changes at a technical level >>>>>>>> are being driven by Adam Saghy and Marta Jankovics - long-term active >>>>>>>> members of the community and the functional requirements by Bharath >>>>>>>> Gowda. >>>>>>>> >>>>>>>> Please view the details of the proposed changes, the goals of these >>>>>>>> changes, the alternatives that were considered and timeline for these >>>>>>>> changes if the Significant Improvement Proposal gets approved. Thanks >>>>>>>> to >>>>>>>> Adam for sharing a lot of the high-level technical details of our >>>>>>>> approach >>>>>>>> that I incorporated in the proposal. We look forward to the discussion >>>>>>>> and >>>>>>>> vote and will continue to share more documentation around the proposed >>>>>>>> changes including new enhancements and gradual enhancement/refactoring >>>>>>>> of >>>>>>>> the existing logic of the loan module. >>>>>>>> >>>>>>>> This proposal will result in valuable net new functionality and >>>>>>>> substantial progress on the much needed optimization of the loan >>>>>>>> module but >>>>>>>> it won't fully address the complete refactoring of the legacy loan >>>>>>>> module >>>>>>>> so want to get the community's input and give visibility into the near >>>>>>>> and >>>>>>>> long-term impact this would have on the community as well as the way >>>>>>>> community can get involved in future work. >>>>>>>> >>>>>>>> >>>>>>>> https://cwiki.apache.org/confluence/display/FINERACT/FSIP-3%3A+Continue+Enhancing+New+Progressive+Loan+Module+to+Support+Interest-Bearing+Loans >>>>>>>> >>>>>>>> >>>>>>>> Here's a brief summary of the proposal. >>>>>>>> >>>>>>>> We are proposing to add support for interest-bearing loan products >>>>>>>> for progressive loan schedule by continuing to develop on the recently >>>>>>>> merged progressive loan handling changes and moving it into a new >>>>>>>> externalized *fineract-progressive-loan* module. >>>>>>>> >>>>>>>> These changes are in support of an enterprise customer that has >>>>>>>> been sponsoring upstream contributions into Fineract to support the >>>>>>>> migration of its BNPL and installment lending products onto a new loan >>>>>>>> management system of record. >>>>>>>> >>>>>>>> This new module will aim to re-use existing logic from the legacy >>>>>>>> loan module by extracting it into separate methods or classes to >>>>>>>> reduce the >>>>>>>> complexity and improve the reusability. >>>>>>>> >>>>>>>> The legacy loan module is far too complicated to build these new >>>>>>>> loan capabilities onto but we also have decided not to build a >>>>>>>> completely >>>>>>>> separate and independent loan module that would lead to forked >>>>>>>> implementations. >>>>>>>> >>>>>>>> Our proposed approach will allow us to deliver a solution that >>>>>>>> meets the customer requirements while not breaking any existing >>>>>>>> functionality for the community. We will make substantial progress on >>>>>>>> the >>>>>>>> much-needed redesign and refactoring of the loan module and gradually >>>>>>>> and >>>>>>>> iteratively over time build out this enhanced loan module to ideally >>>>>>>> deprecate the legacy loan module. >>>>>>>> >>>>>>>> Thanks, >>>>>>>> >>>>>>>> *Ed Cable* >>>>>>>> President/CEO, Mifos Initiative >>>>>>>> edca...@mifos.org | Skype: edcable | Mobile: +1.484.477.8649 >>>>>>>> >>>>>>>> *Collectively Creating a World of 3 Billion Maries | * >>>>>>>> http://mifos.org <http://facebook.com/mifos> >>>>>>>> <http://www.twitter.com/mifos> >>>>>>>> >>>>>>>> >>>>> >>>>> -- >>>>> *Ed Cable* >>>>> President/CEO, Mifos Initiative >>>>> edca...@mifos.org | Skype: edcable | Mobile: +1.484.477.8649 >>>>> >>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org >>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos> >>>>> >>>>>
