You reverse a loan when there's been a data entry mistake and you basically want to "erase" it from your records.
You reschedule a loan when you want to change the repayment terms for the remaining balance: http://www.investorwords.com/4197/rescheduled_loan.html For rescheduled loans, the history of previous payments for the loan are not removed from the system. Emily. > -----Original Message----- > From: Ryan Whitney [mailto:[email protected]] > Sent: Tuesday, July 07, 2009 6:54 AM > To: [email protected] > Subject: Re: [Mifos-users] Reversing a loan vs. Canceling a loan > > Polly, > > Thanks for answering my question. So the only question that remains > for me > now is why would someone pick one method over another? What is the use > case > scenario for both? ** > > Thanks, > Ryan > > PS I can understand using the reverse and redo disbursal features, > I¹m > just not sure how one would use the cancel-reschedule... > > On 7/7/09 14:50, "Polly" <[email protected]> wrote: > > > Hi Ryan, > > > > When you reschedule a loan, all payments remain intact and if you > search a > > client with a rescheduled loan it displays as if it's still active. > > When you reverse a loan, all payments made on the loan account are > reversed > > including the disbursement itself. > > > > Polly > > Jitegemea Credit Scheme > > > > > > On 07/07/2009, Ryan Whitney <[email protected]> wrote: > >> Hi all, > >> > >> What is the difference in canceling a loan and marking it as > ³rescheduled² > >> vs. going through the admin screen and ³Reversing loan disbursal²? > >> > >> What happens on the backend? > >> > >> I looked on mifos.org <http://mifos.org/> and couldn¹t find any > >> clarification. > >> > >> Ryan > > -- > Ryan Whitney > Mifos Technical Program Manager > [email protected] > Mifos - Technology that Empowers Microfinance (www.mifos.org) > > > ----------------------------------------------------------------------- > ------- > Enter the BlackBerry Developer Challenge > This is your chance to win up to $100,000 in prizes! For a limited > time, > vendors submitting new applications to BlackBerry App World(TM) will > have > the opportunity to enter the BlackBerry Developer Challenge. See full > prize > details at: http://p.sf.net/sfu/blackberry > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users ------------------------------------------------------------------------------ Enter the BlackBerry Developer Challenge This is your chance to win up to $100,000 in prizes! For a limited time, vendors submitting new applications to BlackBerry App World(TM) will have the opportunity to enter the BlackBerry Developer Challenge. See full prize details at: http://p.sf.net/sfu/blackberry _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users
