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keithwoodlock commented on MIFOS-5189: -------------------------------------- This is possible today on mifos. We use 'grace periods' in mifos that can be set on loan product and different types of 'grace' is supported (principal only, interest only, principal + interest). There is moratorium functionality in mifos where by you can set a moratorium for a certain period (1-nov to 30-nov). This will result in loan repayment dates not falling on these dates and being pushed out with no extra charging of interest etc. Just added that point as it might be confusing for others in mifos. > Moratorium Functionality > ------------------------ > > Key: MIFOS-5189 > URL: http://mifosforge.jira.com/browse/MIFOS-5189 > Project: mifos > Issue Type: New Feature > Components: Functional, Loan Account > Reporter: hugotechnologies > Assignee: hugotechnologies > Priority: Major > Attachments: Moratorium_PrincipalonlyGrace_Scenarios.xlsx > > > Moratorium Period is a kind of holiday on repayment which would be for the > course period x months after the member gets it and then from the activity > (small enterprise / business ) / start earning whichever is earlier . In > general a period of 2 months is fixed. > Interest would have to be paid during the moratorium, the interest servicing > would be of based on the type of interest calculated on the loan amount > disbursed payable monthly. > Complete repayment schedule for various types of Interest calculations along > with moratorium is being attached to this Issue. > Some times some of the NGOS's will also allow a moratorium on payment of > interest. -- But this is't a general practice we can put hold of this > functionality as of now. -- This message is automatically generated by JIRA. If you think it was sent incorrectly, please contact your JIRA administrators: http://mifosforge.jira.com/secure/ContactAdministrators!default.jspa For more information on JIRA, see: http://www.atlassian.com/software/jira ------------------------------------------------------------------------------ All the data continuously generated in your IT infrastructure contains a definitive record of customers, application performance, security threats, fraudulent activity, and more. Splunk takes this data and makes sense of it. IT sense. And common sense. http://p.sf.net/sfu/splunk-novd2d _______________________________________________ Mifos-issues mailing list Mifos-issues@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/mifos-issues