Hello to all,
Please note that every loan is having a repayment period like some
scheduled on weekly, bi-weekly, monthly so on.
The important point is when will you give the money to any debtor and after
giving such money you schedule his repayments likes if you give weekly
product the repayment schedule will be weekly.
Now in microfinance and also on ground level we fix the meeting day
initially at the time of disbursement which denotes that now on this day
onwards you have to give your installments.
In Mifos we fix it at the time of center creation which is wrong.Meeting
day is actually a repayment date which comes after disbursement.
Now you can check with the different scenarios and it is very practical.
Thanks and Regards
AMIT
On Sat, May 4, 2013 at 10:49 AM, Nayan Ambali <nayan.amb...@gmail.com>wrote:
> Binny, Ashok,
>
>
> >> 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.
>
> I believe, calendar is used to set first repayment date not disbursement
> date. If that is the case above scenario will be handled.
>
> Thanks
> Nayan Ambali
>
>
> On Fri, May 3, 2013 at 4:38 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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>
>
> --
> Regards
> Nayan G. A.
> 9901154134
>
>
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--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821
|
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