Hi Gbolahan, We're trying to reduce the instances of people cross-posting a question to multiple mailing lists-so I'm replying only to mifos-functional. The mifos-developer list is focused on discussions related to code and development work. (See: http://tinyurl.com/6gj8ll).
Answers to your question below.... >This implies that when a customer receives a loan, he has a >seperate account and when he saves he has a separate accounts. >This brings potential challenges in reconcilling the account >of the customer. I'm not sure how or why this would create challenges when reconciling customer accounts. Isn't it standard practice in financial products to maintain separate loan and savings accounts for clients? Can you describe why you're having difficulty reconciling accounts? > What we are looking at is that once a loan is disbursed >to a client, it should be disbursed into the clients >savings account. Yes, right now-- Mifos can only disburse loans to directly to the customer (via cash or a check). We would need to build a new feature to allow Mifos to disburse a loan directly into a customer's savings account. I'll add this feature-request to the product roadmap. The only work-around for this would be to disburse the loan and then manually create a deposit into the customer's account for the amount of the disbursed loan. Emily. ------------------------------------------------------------------------- This SF.Net email is sponsored by the Moblin Your Move Developer's challenge Build the coolest Linux based applications with Moblin SDK & win great prizes Grand prize is a trip for two to an Open Source event anywhere in the world http://moblin-contest.org/redirect.php?banner_id=100&url=/ _______________________________________________ Mifos-functional mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-functional
