Hi All
Few more facts about the meeting calendar
1. A JLG loan can be created with a meeting calendar or independent of
a meeting calendar where organizations don’t want to follow any
center/group meeting dates but rely on loan product frequency.
e.g. If a loan product is bi-weekly and loan is disbursed on 2nd of May and
want to have first repayment on 6th of May (first repayment date is
required if meeting calendar is not attached to loan), then next repayment
dates will be derived based on first repayment date and the loan product
frequency i.e. third and fourth repayments will be on 20th of May and
3rdof June. These are not following center/group meeting dates.
2. You can have more than one calendar associated with a center/group.
(If any of you have a real use case where in a center/group requires two or
more meeting calendars?)
3. If a center is having two calendars one is bi-weekly (BW-meeting)
and another one is Monthly (M-meeting) and both of them start from 1st of
April
Then the next meeting dates would be
BW-meeting – 15th Apr, 29th Apr, 13th May, 27th May ......
M-meeting – 1st May, 1st June, 1st July, 1st Aug .......
And if a member is given bi-weekly loan product then they can attach
BW-meeting
calendar and for monthly loan product they can attach M-meeting calendar so
that they can enforce to follow loan repayment dates same as meeting dates
defined at center.
Please let me know if you have any inputs or different visualization over
meeting calendar.
Regards
Ashok
On Sat, May 4, 2013 at 12:26 PM, Ashok <as...@confluxtechnologies.com>wrote:
> 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 <as...@confluxtechnologies.com>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 <amitjain....@gmail.com>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 <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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>>>
>>
>
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