Keith,
Mifos marks all the outstanding as paid and marks the loan account as
re-scheduled, this is fine for knowing the state of a loan but when it
comes to accounting the re-scheduled loan is considered as paid....please
correct if i'm wrong here.
Re-scheduling of loan is done commonly by increasing the loan tenure for
the balance loan amount, this is commonly followed during natural
calamities and other reasons where memebrs are not able to pay installments
on time.
Not sure if any of our customers are using this feature / if using they
might have compromized.
Thanks
Shiva
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