Q. It appears that there's no ability to edit or specify the actual amount that is collected at time of disbursement - is this the intended behavior and does this work for all users supporting these charges? A: Yes once the loan is approved user can not able to modify the charge amount,(adding new charge is allowed after loan approval) currently application behaves like this only. Before loan approval the user can modify the charge amount.
Q. When a loan is disbursed and there is a charge due at time of disbursement, the system automatically applies the charge and collects it with the corresponding transactions being made. Is there ever the case where a client doesn't pay the charge in full and one would need to specify that or would a loan not get disbursed? A: No since disbursement charge get collected fully at the time of disbursement there is no chance it is partially paid and loan not got disbursed. Related to issue MIFOSX-2161 <https://mifosforge.jira.com/browse/MIFOSX-2161>, The amount 500 is extra (Other than disbursed amount) which is getting collected at time of disbursement. If the same amount is deducted from loan amount then 1. Interest calculation should happen with respect to 10000, but here actual amount received by the customer is 9500. How in the repayment schedule the interest calculation will reflect? 2. If Loan amount is disbursed to savings account then journal entries with respect to loans 10000 Credit 500 Debit, with respect to savings 9500 debit. which is mismatch compared to Loan journal entries. Please let me know for any suggestions or improvements On Wed, Nov 18, 2015 at 7:12 AM, Ed Cable <[email protected]> wrote: > Subramanya/Sangamesh, > > I was playing around with the charges functionality to help determine if > this was a valid feature enhancement: > https://mifosforge.jira.com/browse/MIFOSX-2161 > <https://web.chilipiper.com/link/mifos.org/564bd55ae4b0e2e6d5ad48f5?link=aHR0cHMlM0ElMkYlMkZtaWZvc2ZvcmdlLmppcmEuY29tJTJGYnJvd3NlJTJGTUlGT1NYLTIxNjE=> > > When trying out charges that are due at time of disbursement, I had some > questions on how they function > > It appears that there's no ability to edit or specify the actual amount > that is collected at time of disbursement - is this the intended behavior > and does this work for all users supporting these charges? > > When a loan is disbursed and there is a charge due at time of > disbursement, the system automatically applies the charge and collects it > with the corresponding transactions being made. > > Is there ever the case where a client doesn't pay the charge in full and > one would need to specify that or would a loan not get disbursed? > > I just thought that at time of disbursement, one would explicitly have to > at least confirm the amount being collected for the charge at disbursement. > > > In the event of disbursing to savings, I assumed that it would deduct the > charge from the balance that was disbursed to savings: > > Expected > Loan Amount: $10000 > Charge at time of Disbursement $500 > Amount Disbursed to Savings: $9500 > > Actual > Loan Amount: $10000 > Charge at time of Disbursement $500 > Amount Disbursed to Savings: $10000 > > Charge is paid off but the system user had no control over specifying how > or for what amount the charge was collected. > > Ed > > <https://web.chilipiper.com/link/mifos.org/564bd55ae4b0e2e6d5ad48f5?link=aHR0cCUzQSUyRiUyRnd3dy50d2l0dGVyLmNvbSUyRm1pZm9z> > > -- Regards, Subramanya.
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