Edward Cable created FINERACT-134:
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Summary: 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: Edward Cable
Assignee: Markus Geiss
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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