Geraldine and Gayl, The way I read your emails, you are talking about slightly different features in Mifos.
Gayl said: " I just did a test where I set up an individual client not linked to a group and was able to set up its own meeting schedule as I wished and the repayments were scheduled as I wished also." When you create a client outside of a group, you indeed can set up its own meeting schedule, etc. Geraldine said: " I thought I only saw the option to select the repayment date because I had LSIM turned on, but sounds like you get that choice anyway." LSIM is available if you require loan repayments on a different schedule than the group or client's meeting schedule. With LSIM off, your loans are tied to the meeting schedule, whether that meeting is defined by the center/group/client or the individual client. Hope that helps, Jeff >-----Original Message----- >From: Geraldine O'Keeffe [mailto:[email protected]] >Sent: Wednesday, July 14, 2010 6:11 AM >To: 'A good place to start for users or folks new to Mifos.' >Subject: Re: [Mifos-users] list of questions > >Hi > >That's interesting. I thought I only saw the option to select the >repayment >date because I had LSIM turned on, but sounds like you get that choice >anyway. But I still think that if you need to cater for individual loans >who >may come and pay at any time, you may need to switch on LSIM. But I >could be >wrong, perhaps someone at GF can confirm? Also it sounds like some >changes >about these restrictions on are on the immediate horizon so it may be a >case >of what happens now, changes later. In any case I thought it would be >good >to summarize the impacts of this setting as I understand it. Again great >if >GF can confirm. > >LSIM turned off >- All loan schedules will fall on the group/persons meeting date if >done using the 'create multiple loan accounts feature' >- Transactions can only occur on the meeting date >- Changing a group meeting date will reschedule all existing loans >- ? no option to specify repayment date/day at time of loan >application since group meeting date is used. - not sure about this > >LSIM turned on >- All loan schedules will fall on the group/persons meeting date if >done using the 'create multiple loan accounts feature' >- Manually will need to select the repayment date/day if applying >individually >- Transactions including repayments and disbursements can occur in >between group meetings. Note charges can still only be paid on the >meeting >dates. >- Changing a group meeting date will have no impact on existing loan >schedules > >Regards >geraldine > >-----Original Message----- >From: Gayl Kennedy [mailto:[email protected]] >Sent: 14 July 2010 15:11 >To: A good place to start for users or folks new to Mifos. >Subject: Re: [Mifos-users] list of questions > >hi Geraldine and folks >Can I ask for more clarification about your first point:- that if I >need to mix individual lending with group I will need to use the LSIM >feature. > >I just did a test where I set up an individual client not linked to a >group and was able to set up its own meeting schedule as I wished and >the repayments were scheduled as I wished also. >we also lend to individuals as well as to groups so I want to ensure I >am not missing anything. >Thanks >Gayl > > >On 14/07/2010, Geraldine O'Keeffe <[email protected]> wrote: >> Hi Gayl >> >> I had a chat about these issues with someone from GF and have put the >> responses below so you, and others, know the responses. >> >> Cheers >> g >> >> -----Original Message----- >> From: Gayl Kennedy [mailto:[email protected]] >> Sent: 14 July 2010 11:01 >> To: A good place to start for users or folks new to Mifos. >> Cc: Chris Zintel >> Subject: Re: [Mifos-users] list of questions >> >> Hi Geraldine >> we would definitely vote for # 4 if you want to log as a request - or >> if you prefer me to log it and you can vote for it let me know. Our >> workaround was to put in a checklist to have someone check a box to >> confirm they have adequate collateral in their savings account before >> approving the loan. >> >> For # 5 I am confused as I assumed mifos applied the interest >> automatically to the account. In fact I was told it applies the >> interest automatically on the last day of the period selected be it >> monthly, quarterly or annually so am I misreading your question? >> >> For # 6 I interpret upfront to mean at time of approving the loan and >> disbursement as being at the first meeting date but open to correction >> on this! >> >> Regards >> Gayl >> >> On 13/07/2010, Geraldine O'Keeffe <[email protected]> wrote: >>> Hi >>> >>> >>> >>> I started this chat offline but bringing it on to the list serve for >> others >>> to participate. (ryan ignore previous mail and let's just focus on >this >> one) >>> >>> >>> >>> List of questions I have. >>> >>> >>> >>> 1. Initial question was how to handle data entry which may occur >a >> day >>> or two behind the calendar date. All agreed that editing the server >date >>> wasn't a good approach and that ideally client would get all data in >on >> the >>> same day as the meeting. However if it did occur, one suggestion was >to >> edit >>> the meeting dates to allow for input but we've confirmed that this >can >> mess >>> up the schedules since the repayments will now be on this new date. >So >I'm >>> trying another approach. I've changed the db setting for Loan >Schedule >>> Independent of Meeting to 1. What I'm seeing is that after doing that >I >>> still have control to schedule the installment repayment dates >manually >> but >>> have the same options as with a meeting date/day definition. So if I >>> manually select the same day/date as the meeting I can align >repayments >> with >>> the meetings, with the benefit that I can disburse with dates >different >to >>> the meeting dates. Does that make sense? Will I lose out on other >features >>> if I don't tie meetings and schedules together? Is this also the way >to >>> handle group and individuals (who don't belong to a group and don't >have >a >>> meeting date) in the same db? >> >>>--agreed that if I need to mix individual lending with group I will >need >to >> use the LSIM feature. This should allow me the flexibility to set the >> required schedules for the individual members. The only downside of >this >is >> that since the group schedules are also set manually, if I come and >change >> the group meeting date I can't expect the system to reschedule >existing >> loans. >>> >>> >>> 2. Question about how to handle fees/repayments that may be >paid >>> between meeting dates. Now after make the changes above this seems >less >of >> a >>> problem for repayments, except for fees which are still tied to the >> meeting >>> date. Kay responded on this and sounds like the next release will >deal >> with >>> that, albeit only as a full payment, but I think this will suffice. >>> >> --agreed to test this in the next version as there is currently some >working >> going on regarding this. >>> >>> >>> 3. It was mentioned that if you opt to not use centers, then >the >>> collection sheet wasn't available. I have centers activated but know >the >>> client doesn't actually use them. Hoping that this is something that >can >> be >>> handled by Mifos at some point but for now will just likely change >the >> label >>> Center to Group and Group to SubGroup to make it a bit easier for >people >> to >>> understand- although they also don't use Subgroups! >>> >> --need to clarify here that whether you use centers or not, the bulk >> collection sheet as a means of data input is always available. What >isn't >> available is the report called collection sheet, and even this may >soon be >> available in future, but in any case we may need our own customized >> collection sheet report so this isn't a huge problem. >>> >>> >>> 4. Is there any way to enforce a savings/loan ratio in mifos? >Ie >> must >>> have 30% of loan value in the savings account before disbursement. >> Guessing >>> not but thought worth asking. Will suggest this as a manual >validation >>> >> --this isn't available, nor on the roadmap. Happy to vote if others >want >to >> raise it as a request- I think it would be a very nice feature. >>> >>> >>> 5. How can we handle crediting of savings interest? Could that >be >> via >>> an upload to post the interest due? Note this is currently only paid >>> annually so am sure a back end solution would be fine. >>> >> --my misunderstanding on this. Mifos will post automatically >>> >>> >>> 6. Can you explain to me a bit about the options for fees on >loans >> and >>> the timing of when it is charged? Basically I'm not sure what the >> difference >>> is between Upfront and Time of Disbursement? >>> >>>--discussed on this a bit and just agreed that I'll test out the >various >> options to see exactly how each behaves. >>> >>> That's it for now. >>> >>> >>> >>> Thanks >>> >>> g >>> >>> >> >> >> -- >> Regards >> Gayl >> >> >----------------------------------------------------------------------- - >---- >> -- >> This SF.net email is sponsored by Sprint >> What will you do first with EVO, the first 4G phone? >> Visit sprint.com/first -- http://p.sf.net/sfu/sprint-com-first >> _______________________________________________ >> Mifos-users mailing list >> [email protected] >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> No virus found in this incoming message. >> Checked by AVG - www.avg.com >> Version: 9.0.830 / Virus Database: 271.1.1/3002 - Release Date: >07/13/10 >> 21:36:00 >> >> >> >----------------------------------------------------------------------- - >---- >-- >> This SF.net email is sponsored by Sprint >> What will you do first with EVO, the first 4G phone? >> Visit sprint.com/first -- http://p.sf.net/sfu/sprint-com-first >> _______________________________________________ >> Mifos-users mailing list >> [email protected] >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > > >-- >Regards >Gayl > >----------------------------------------------------------------------- - >---- >-- >This SF.net email is sponsored by Sprint >What will you do first with EVO, the first 4G phone? >Visit sprint.com/first -- http://p.sf.net/sfu/sprint-com-first >_______________________________________________ >Mifos-users mailing list >[email protected] >https://lists.sourceforge.net/lists/listinfo/mifos-users >No virus found in this incoming message. >Checked by AVG - www.avg.com >Version: 9.0.830 / Virus Database: 271.1.1/3002 - Release Date: 07/13/10 >21:36:00 > > >----------------------------------------------------------------------- - >------ >This SF.net email is sponsored by Sprint >What will you do first with EVO, the first 4G phone? >Visit sprint.com/first -- http://p.sf.net/sfu/sprint-com-first >_______________________________________________ >Mifos-users mailing list >[email protected] >https://lists.sourceforge.net/lists/listinfo/mifos-users ------------------------------------------------------------------------------ This SF.net email is sponsored by Sprint What will you do first with EVO, the first 4G phone? 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