Binny,
I can see there are two parts for JLG loans.
1. Users do not want to tie disbursement date with meeting date and want
interest calculation should start from the date of actual disbursement.
2. Loan repayment should follow the meeting dates i.e. on center/ group
meeting dates.
If my understanding is correct then we can use meeting dates only for loan
repayment schedule generation.
Regards
Ashok
On Fri, May 3, 2013 at 5:47 PM, Keith Woodlock <keithwoodl...@gmail.com>wrote:
> Binny,
>
> Yes. correct. If you downloaded the source or used the demo app on
> https://demo.openmf.org you will see that when you create a loan for a
> client you can choose any disbursement date you like and repayment schedule
> is created according to that (the norm)
>
> In the center/group context scenario, Ashok is creating UI that uses
> 'meeting' concept so that dates align with the meeting frequency of the
> center. So the repayment schedule frequency matches center meeting
> frequency.
>
>
> On Fri, May 3, 2013 at 1:09 PM, Binny Gopinath
> <binny.gopin...@gmail.com>wrote:
>
>> Ashok,
>>
>> This is the input from GK:
>>
>> In case of many products & perhaps most group loans, we may continue to
>> disburse on meeting date, but the process is inflexible today as we do not
>> have any other choice. This should be something that can be defined at
>> administrative level. On the system, the interest calculation etc should
>> be from actual disbursement date and not necessarily from the meeting date.
>>
>> We could avoid hardcoding the business rule on the platform. I assume
>> what you are saying is that the disbursement date will be defaulted to the
>> meeting date on UI only. And user can modify it? This will make data entry
>> easier for the majority of loans for organizations like GK.
>>
>> Thanks
>> Binny
>>
>> On Fri, May 3, 2013 at 5:17 PM, Ashok <as...@confluxtechnologies.com>wrote:
>>
>>>
>>> b) Will it be possible to disburse 2 loans products of 2 different
>>> disbursement/repayment frequencies to a customer who belongs to a group?
>>> For ex. customer has a JLG loan which is disbursed and re-paid at
>>> meetings and there is an Emergency loan which is disbursed and repaid
>>> outside of the group meetings.
>>>
>>> >> At API level we have given a flexibility where in one center/group
>>> can have more than one meeting calendar associated to it. If the second
>>> loan wants to follow a different disbursement/ repayment frequency then
>>> they can choose appropriate meeting calendar to meet their requirements.
>>>
>>> We are trying not to tie meeting calendar to JLG loans, if a meeting
>>> calendar is attached to a loan (this can be very much handled in UI)
>>> then only meeting calendar validations will come in place.
>>>
>>>
>>> regards
>>> Ashok
>>>
>>>
>>> On Fri, May 3, 2013 at 4:47 PM, Keith Woodlock
>>> <keithwoodl...@gmail.com>wrote:
>>>
>>>> Binny,
>>>>
>>>> At the platform level we are going to support maximum flexibility so we
>>>> havent built in contraints like the disbursement one mentioned above
>>>> exactly for the reasons you outlined - its not clear to me if GK really
>>>> want this also (but they might). Allowing the client app built on top of
>>>> the platform to bake in contraints is a very much the strategy an
>>>> application developer would take - we at platform level cant be all things
>>>> to all people - workflow and buisiness process rules that are not industry
>>>> norms would be put in at the app level so users of the app dont have to
>>>> worry about these things.
>>>>
>>>> So we wont be putting in any hard coded business rules like
>>>> disbursement date must match meeting date unless its clearly an industry
>>>> norm (which its not) and I would fight against putting in configuration
>>>> everywhere to support these types of scenarios as well. If GK or another
>>>> MFI care enough about this rule (its central to their process) they can
>>>> tweak the UI to support it.
>>>>
>>>> regards,
>>>> Keith.
>>>>
>>>>
>>>> On Fri, May 3, 2013 at 12:08 PM, Binny Gopinath <
>>>> binny.gopin...@gmail.com> wrote:
>>>>
>>>>> Ashok, Keith,
>>>>>
>>>>> I would suggest to keep this configurable at the product level. When
>>>>> defining the loan product, we have a flag that states whether the loan
>>>>> disbursement should coincide with the meeting date or not. Also, if we
>>>>> implement the validation in the UI, then there is the risk of different
>>>>> front-ends (web, mobile etc.) dealing with this differently. So shouldn't
>>>>> this check be done on the API side?
>>>>>
>>>>> If we tie the disbursement date to meeting date, I see couple of
>>>>> disadvantages:
>>>>>
>>>>> a) Actual disbursement happens on a non-meeting date -
>>>>> Examples:
>>>>> Disbursement is done at the branch and not at the center meetings
>>>>> Or
>>>>> There is a loan product where a vendor supplies goods (like solar
>>>>> lamp or water purifier) to the MFI customer and the once installation of
>>>>> the lamp or purifier is completed, the vendor submits bills to MFI and MFI
>>>>> does disbursement. Customer repays the cost of lamp or purifier to MFI
>>>>> with
>>>>> interest. Here disbursement will rarely be on a meeting date.
>>>>>
>>>>> b) Will it be possible to disburse 2 loans products of 2 different
>>>>> disbursement/repayment frequencies to a customer who belongs to a group?
>>>>> For ex. customer has a JLG loan which is disbursed and re-paid at meetings
>>>>> and there is an Emergency loan which is disbursed and repaid outside of
>>>>> the
>>>>> group meetings.
>>>>>
>>>>> I would like to hear from other MFI users, if you think there are any
>>>>> disadvantages in tying disbursement to meeting dates.
>>>>>
>>>>> Thanks
>>>>> Binny
>>>>>
>>>>>
>>>>>
>>>>> On Fri, May 3, 2013 at 3:50 PM, Ashok
>>>>> <as...@confluxtechnologies.com>wrote:
>>>>>
>>>>>> Hi Amit,
>>>>>>
>>>>>> Right now I don't have much details about the workbook or workflow of
>>>>>> group lending process used in GK, we tried to add existing features from
>>>>>> Mifos. The Center and Group functionality in MifosX covers very basic, it
>>>>>> requires lot of improvements.
>>>>>>
>>>>>> @Binny, do you have any details of GK's group lending workflow.
>>>>>>
>>>>>>
>>>>>> Regards
>>>>>> Ashok
>>>>>>
>>>>>>
>>>>>> On Fri, May 3, 2013 at 10:45 AM, AMIT JAIN <amitjain....@gmail.com>wrote:
>>>>>>
>>>>>>> Hello Ashok,
>>>>>>> Can you sahre a group lending process workbook or workflow with me
>>>>>>> after that I am able to understand the process at MIFOS-X.
>>>>>>>
>>>>>>> Might be there methodology is different from us.
>>>>>>>
>>>>>>> Let me understand first.
>>>>>>> Thanks and Regards
>>>>>>>
>>>>>>>
>>>>>>> On Fri, May 3, 2013 at 10:35 AM, Ashok <
>>>>>>> as...@confluxtechnologies.com> wrote:
>>>>>>>
>>>>>>>> Hi Ed,
>>>>>>>>
>>>>>>>> Whatever Keith has mentioned is correct, thanks Keith.
>>>>>>>>
>>>>>>>> Most of the restrictions are on UI, based on new requirements and
>>>>>>>> user inputs we can add more flexibility to group lending APIs. Soon I
>>>>>>>> will
>>>>>>>> be talking to Binny on GK requirements that should cover most of the
>>>>>>>> common
>>>>>>>> scenarios.
>>>>>>>>
>>>>>>>>
>>>>>>>> Regards
>>>>>>>> Ashok
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> On Thu, May 2, 2013 at 10:07 PM, Keith Woodlock <
>>>>>>>> keithwoodl...@gmail.com> wrote:
>>>>>>>>
>>>>>>>>> Ed,
>>>>>>>>>
>>>>>>>>> As far as i understand this is a 'constraint' put in on the ui
>>>>>>>>> side (although it looked like theres a check on it in the backend)
>>>>>>>>> for JLG
>>>>>>>>> loans. That is you can still choose any disbursement date you like for
>>>>>>>>> 'individual loans' and as you say most people from group context will
>>>>>>>>> want
>>>>>>>>> that flexibility to but its not baked in by an means, the guys are
>>>>>>>>> trying
>>>>>>>>> to replicate what they see on mifos for GK which is fair enough cause
>>>>>>>>> there
>>>>>>>>> GK requirements.
>>>>>>>>>
>>>>>>>>> Keith.
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> On Thu, May 2, 2013 at 5:29 PM, Ed Cable <edca...@gmail.com>wrote:
>>>>>>>>>
>>>>>>>>>> Ashok,
>>>>>>>>>>
>>>>>>>>>> Thanks for the demo today of the group lending functionalities in
>>>>>>>>>> Mifos X.
>>>>>>>>>>
>>>>>>>>>> I was concerned about the inability to select a disbursement date
>>>>>>>>>> outside of the meeting date. Isn't this a limitation from legacy
>>>>>>>>>> Mifos
>>>>>>>>>> that we were seeking to remove?
>>>>>>>>>>
>>>>>>>>>> I understand that if a client doesn't belong to a center that
>>>>>>>>>> they can have a loan (individual or group) regardless of meeting
>>>>>>>>>> date but
>>>>>>>>>> is it now such that if a client belongs to a center, the loan (group
>>>>>>>>>> or
>>>>>>>>>> individual) can only be disbursed on the meeting date?
>>>>>>>>>>
>>>>>>>>>> Does the flexibility to disburse outside of meeting date add too
>>>>>>>>>> many complexities at the group level? Is this the same for loans at
>>>>>>>>>> the
>>>>>>>>>> individual level?
>>>>>>>>>>
>>>>>>>>>> Thanks,
>>>>>>>>>>
>>>>>>>>>> Ed
>>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>
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>>>>>
>>>>>
>>>>
>>>
>>
>>
>> --
>> Thanks and Regards
>> Binny Gopinath Sreevas
>> +91-98861 39498
>> Skype: binny.gopinath
>>
>
>
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