Amit,
There is a small correction with meeting dates, as per example the next 4
meeting dates would be 15th Apr, 29th Apr, 13th May and 27th May.
Regards
Ashok
On Sat, May 4, 2013 at 12:15 PM, Ashok <[email protected]>wrote:
> Amit,
>
> Do you follow any meeting frequency at center level? If yes, and if you
> follow a bi-weekly meeting at center, for those clients will you give loan
> products with frequency weekly or monthly?
>
> What I understood from your JLG workflow is, once the actual disbursement
> is done (not tied up with center meeting date), then the first repayment
> will start on next available center meeting date from the date of actual
> disbursement.
>
> e.g.
> Center meeting is bi-weekly on every Monday starting from 1st of April
> 2013. The next available 4 meeting dates are 15th, 29th of April and 6th,
> 20th of May
> and loan is disbursed to the member on 17th of April
> then the first repayment should fall on 29th of April
>
> Let me know if this is not correct.
>
>
> Regards
> Ashok
>
>
> On Sat, May 4, 2013 at 11:25 AM, AMIT JAIN <[email protected]> wrote:
>
>> 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 <[email protected]>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 <[email protected]
>>> > 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 <[email protected]>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 <[email protected]>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 <[email protected]
>>>>>> > 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 <
>>>>>>> [email protected]> 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 <[email protected]> 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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>
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