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https://issues.apache.org/jira/browse/FINERACT-37?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15436741#comment-15436741
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ASF GitHub Bot commented on FINERACT-37:
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GitHub user terencemo opened a pull request:
https://github.com/apache/incubator-fineract/pull/219
FINERACT-37 Reschedule repayment on holidays+extend term
Based on PR #110.
Adds a WorkingDays flag extendTermForRepaymentOnHoliday when this is set
If a repayment occurs on a holiday, shift it to the next repayment date and
extend the loan term by the repayment interval, e.g
if repayment is weekly and one repayment occurs on holiday, move that to
the next original schedule repayment date and extend loan term by 1 week
You can merge this pull request into a Git repository by running:
$ git pull https://github.com/terencemo/incubator-fineract
i37-holidays-repayment
Alternatively you can review and apply these changes as the patch at:
https://github.com/apache/incubator-fineract/pull/219.patch
To close this pull request, make a commit to your master/trunk branch
with (at least) the following in the commit message:
This closes #219
----
commit b478064ac0fe74a7130b9a0c2f07a5ccd30631a5
Author: Terence Denzil Monteiro <[email protected]>
Date: 2016-08-25T12:15:14Z
Reschedule repayment on holidays+extend term
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> Support rescheduling repayments on holidays
> -------------------------------------------
>
> Key: FINERACT-37
> URL: https://issues.apache.org/jira/browse/FINERACT-37
> Project: Apache Fineract
> Issue Type: Improvement
> Components: System
> Reporter: James Rowe
> Assignee: Markus Geiss
>
> Our client is currently trying to migrate from their current financial
> software, but one of the configuration options is not present in Fineract.
> The option changes the way Fineract schedules loan repayments. Instead of
> rescheduling a repayment to a different day in the week, holidays would
> reschedule the repayment to the next due date and extend the schedule. For
> example with a holiday like this http://i.imgur.com/Dl8B3DX.png a loan that
> has a repayment fall in the holiday will be rescheduled to the next week and
> the following repayments will be postponed. http://i.imgur.com/l9OfTDm.png
> With this the loan term is extended and the repayment that landed on a
> holiday is repaid on the next due date.
> I already have a proof of concept patch for this, but I think there are some
> issues with it. As such, I would like to work with a developer to discuss the
> best way to implement this, or if you would like, we can just figure out why
> my patch occasionally enters an infinite loop...
> As a related request, the client is looking to have the interest due at this
> repayment to be redistributed across the full loan schedule. I wasn't sure if
> I should include this in this issue report or to make a new one that is
> related to this issue.
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