Mifos-users Digest, Vol 97, Issue 1
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Today's Topics:
1. Re: Collection Follow-up processing using Automatic Call
Dialing (AMIT JAIN)
2. Re: Usuarios hispanohablantes (frearlvmro)
3. Re: Applying Payments in v 2.3.3 Declining Balance - Interest
Recalculation - Desired Functionality (Lukasz Chudy)
4. Re: Daily interest declining (Lukasz Chudy)
5. Re: Collection Follow-up processing using Automatic Call
Dialing (info)
6. Re: Daily interest declining (info)
7. Re: Daily interest declining (Lukasz Chudy)
8. Re: Applying Payments in v 2.3.3 Declining Balance - Interest
Recalculation - Desired Functionality (Thomas (Uganda))
9. Re: Question regarding Loan Repayment Schedules from Quipu
Technologies (Thomas (Uganda))
10. Re: Daily interest declining (Safik Omara)
11. Fix 4 Java Out of Memory Exception (Perm Gen Error)
(Thomas (Uganda))
12. Apply charge error (Jayalaxmi Desai)
----------------------------------------------------------------------
Message: 1
Date: Mon, 14 May 2012 10:29:38 +0530
From: AMIT JAIN <amitja...@gmail.com>
Subject: Re: [Mifos-users] Collection Follow-up processing using
Automatic Call Dialing
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID:
<CAG3UgAKwNEBA0pZ4F_emgXAU...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Dear Shiva,
That is something innovative and will be a milestone.As soon as you start
it.I would like to share my views from the ground level.
Using a maximum use of smart phones will we future demand of any
application.
Best of Luck
Regards
AMIT
On Fri, May 11, 2012 at 5:34 PM, HugoTechnologies <in...@hugotechnologies.com
> wrote:
> Dear Team
>
> We have started the development of collection follow-up process for Mifos
> Automatic Call Dialing
> This solution will act as a gateway for all communications with end
> customers.
>
> *Solution Overview*
>
> - Collection Follow-up System maintains the list of Over due customers
> and call them periodically as per the organization settings
> - CFS calls customers registered number and plays a recorded
> information with dynamic values. Ex. "Dear Marie, Your installment is
> defaulted for X days with an amount of 100 USD. Please pay immediately".
> - 2-way call conferencing with Loan officer & Member
> - CFS can send sms & audio message to customers.
> - MFI can send promotional messages using CFS
> - CFS can escalate the matter to higher authority if the member is
> Over-due for a long period
>
> Please find the attached flow chart for your reference.
>
> Kindly let us know for any feedback.
>
> Thanks
> Shiva
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821 |
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Message: 2
Date: Mon, 14 May 2012 03:02:58 -0700 (PDT)
From: frearlvmro <ferna...@gmail.com>
Subject: Re: [Mifos-users] Usuarios hispanohablantes
To: mifos...@lists.sourceforge.net
Message-ID:
<4437e6c6-8a5e-40ca...@em1g2000vbb.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
Hola Vishwas.
Muchas gracias por tu respuesta.
Supongo que no has usado para ello el google translate, en caso
contrario el resultado ha sido magn?fico.
De esa forma es como me apa?o yo normalmente, y as? har?.
Un saludo a todos, Fer.
On 10 mayo, 15:36, Vishwas Babu A J <vish...@confluxtechnologies.com>
wrote:
> Hola Fernando,
>
> Bienvenido a la comunidad Mifos.
>
> Si bien hay un buen n?mero de miembros de habla hispana en la comunidad
> que podr?an serle de ayuda, incluso aquellos de nosotros que no
> entienden el espa?ol puede tratar de responder a sus preguntas con la
> ayuda de google transalate
>
> Un cordial saludo,
> Vishwas
>
> On 10-05-2012 17:16, frearlvmro wrote:
>
>
>
>
>
>
>
>
>
> > Hola a todos. Me llamo Fernando y escribo desde Granada en Espa?a.
>
> > Estoy empezando a dar los primeros pasos en Mifos para analizar si
> > puede ser ?til a la asociaci?n de la que formo parte (http://
> > fondodesolidaridad.org/). Tambi?n estamos en contacto con otra media
> > docena de grupos que se dedican a lo mismo.
>
> > Mi mayor dificultad para introducirme es que no soy inform?tico, por
> > lo que me surgen muchas dudas; y el ingl?s se me da mal (me averg?enzo
> > por ello :-).
>
> > Por lo que hacer consultas en ingl?s me llevar?a tiempo y esfuerzo
> > (sin saber el resultado que tendr?an), y en espa?ol me ser?a mucho m?s
> > f?cil.
>
> > Creo que para la difusi?n y la extensi?n de Mifos por este pa?s ser?a
> > interesante que hubiera identificada una comunidad de habla hispana,
> > ?se puede hacer algo en ese sentido? Por lo pronto ser?a interesante
> > saber si escribiendo a esta lista habr?a respuesta, e incluso cuantos
> > podr?an contestar.
>
> > Lo siento amigos, tal vez estoy ordenando la casa a mi anfitri?n...
>
> > Para despedirme deciros que me encanta este proyecto y que espero
> > implantarlo y extenderlo pronto por Espa?a.
>
> > Un cordial saludo, Fernando.
>
> > ------------------------------------------------------------------------------
> > Live Security Virtual Conference
> > Exclusive live event will cover all the ways today's security and
> > threat landscape has changed and how IT managers can respond. Discussions
> > will include endpoint security, mobile security and the latest in malware
> > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> > _______________________________________________
> > Mifos-users mailing list
> > Mifos-us...@lists.sourceforge.net
> >https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 3
Date: Mon, 14 May 2012 12:52:20 +0200
From: Lukasz Chudy <lch...@soldevelo.com>
Subject: Re: [Mifos-users] Applying Payments in v 2.3.3 Declining
Balance - Interest Recalculation - Desired Functionality
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Cc: "Thomas \(Uganda\)" <nda...@gmail.com>
Message-ID: <4FB0E3E4...@soldevelo.com>
Content-Type: text/plain; charset=windows-1252; format=flowed
Thomas,
Maybe you can use normal Declining Balance in Scenario 1 instead of
Declining Balance Interest Recalculation? Standard Declining Balance
allows to enter early full payment of 2,200,000 or any amount less.
Regards,
Lukasz
On 05/11/2012 05:24 PM, Thomas (Uganda) wrote:
> For Scenario 1 ? Early Payments
> In principle if a client pays early, only the interest for the days
> that the loan has been taken should be applied. However what if the
> Client Brings Money for the Full Installment, the MFI could loose this
> money since Mifos will not record the whole amount that the Client
> brought. I think there should be flexibility to enter this full
> payment of 2,200,000 or any amount less, giving the MFI flexibility to
> apply or waiver interest
>
>>> Current Result
> Apply Payment ? Applying an early payment by 2 days of 2,200,000 will
> default to 2,019,726 and leave a balance of 180,274 ? But this Client
> has paid in full i.e 2,200,000
> Repay Loan ? Only bring payment of 2,019,726 with only the interest
> that accrued for the 3 days
>
>>> Expected Result
> Apply Payment ? Applying an early payment U can apply any payment
> between 1 ? 2,200,000 including 2,019,726 if u wish. If its 2,200,000
> the loan is closed ? obligation met, if its 2,019,726 the loan is left
> open and U choose to Close ? Written off
> Repay Loan ? For early repayments, If Waiver Interest in Checked only
> the accrued interest should be displayed i.e 2,019,726
> If the Waiver Interest is Unchecked the whole amount i.e 2,200,000
> should be displayed
> I think this will give flexibility to ably make early payments
>
>
> On May 11, 4:24 pm, Lukasz Chudy<lch...@soldevelo.com> wrote:
>> Hi Thomas,
>>
>>> **** Scenario 1 - Early Payment ****
>>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
>>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
>>> However if a person pays 3 days after, say on 14 May 2012, and he/she
>>> has brought 2,200,000. When u apply this payment it defaults to
>>> 2,019,726 Calculating interest for only the 3 days for which the loan
>>> was taken.
>>> Desired Functionality - I would like to be able to apply 2,200,000 or
>>> less at any time before loan maturity date (11 June 2012) i.e form 1
>>> to 2,200,000
>> If I understand you properly, in this scenario you want to apply
>> 2,200,000 earlier - 28 days before the expected payment date. So,
>> Declining Balance Interest Recalculation is designed in the way that if
>> you apply payment earlier then you don't pay the full amount of
>> interest. In your case interests are calculated only for 3 days.
>>
>> Moreover, it is possible to enter any amount which is less than total
>> which is in this case 2,019,726. If you want to apply 2,200,000, then
>> there will be an overpayment. Does it make sense for you?
>>
>>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
>>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
>>> okay
>>> If the client makes payment 5 Days after Loan Maturity date say 16
>>> June 2012. By Default when U Click apply payment the figure displayed
>>> includes the days in arrears i.e 2,232,877 which is fine too, but U
>>> cannot apply this payment. It defaults to 2,200,000.
>>> Desired Functionality ? I would like to apply any payment amount upto
>>> the payment in arrears. i.e from 1 to 2,232,877
>> This is a bug. I created a new Jira ticket for that issue:http://mifosforge.jira.com/browse/MIFOS-5589
>>
>> Best regards,
>> Lukasz
>>
>> On 05/11/2012 11:00 AM, Thomas (Uganda) wrote:
>>
>>
>>
>>> Hello Team, thanks for the great effort with adjustments in Declining
>>> Balance Interest Recalculation. I have an issue when am making either
>>> an early payment or late payment in Declining Balance Interest
>>> Recalculation for a live deployment am working on.
>>> **** Scenario 1 - Early Payment ****
>>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
>>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
>>> However if a person pays 3 days after, say on 14 May 2012, and he/she
>>> has brought 2,200,000. When u apply this payment it defaults to
>>> 2,019,726 Calculating interest for only the 3 days for which the loan
>>> was taken.
>>> Desired Functionality - I would like to be able to apply 2,200,000 or
>>> less at any time before loan maturity date (11 June 2012) i.e form 1
>>> to 2,200,000
>>> **** Scenario 2 - Late Payment ****
>>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
>>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
>>> okay
>>> If the client makes payment 5 Days after Loan Maturity date say 16
>>> June 2012. By Default when U Click apply payment the figure displayed
>>> includes the days in arrears i.e 2,232,877 which is fine too, but U
>>> cannot apply this payment. It defaults to 2,200,000.
>>> Desired Functionality ? I would like to apply any payment amount upto
>>> the payment in arrears. i.e from 1 to 2,232,877
>>> Thanks Look forward to any feedback on the above
>>> Best Regards
>>> ------------------------------------------------------------------------------
>>> Live Security Virtual Conference
>>> Exclusive live event will cover all the ways today's security and
>>> threat landscape has changed and how IT managers can respond. Discussions
>>> will include endpoint security, mobile security and the latest in malware
>>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>>> _______________________________________________
>>> Mifos-users mailing list
>>> Mifos-us...@lists.sourceforge.net
>>> https://lists.sourceforge.net/lists/listinfo/mifos-users
>> ------------------------------------------------------------------------------
>> Live Security Virtual Conference
>> Exclusive live event will cover all the ways today's security and
>> threat landscape has changed and how IT managers can respond. Discussions
>> will include endpoint security, mobile security and the latest in malware
>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>> _______________________________________________
>> Mifos-users mailing list
>> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
------------------------------
Message: 4
Date: Mon, 14 May 2012 13:08:40 +0200
From: Lukasz Chudy <lch...@soldevelo.com>
Subject: Re: [Mifos-users] Daily interest declining
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Cc: mifos...@googlegroups.com, HugoTechnologies
<in...@hugotechnologies.com>
Message-ID: <4FB0E7B...@soldevelo.com>
Content-Type: text/plain; charset="iso-8859-1"
Hi Shiva,
Maybe you can use Loans with Declining Balance and Variable Installments?
In Declining Balance with Variable Installments products, the daily rate
of interest is used whereas in typical declining balance, the interest
is calculated based on the frequency of the loan (monthly or weekly).
Regards,
Lukasz
On 05/11/2012 02:30 PM, HugoTechnologies wrote:
> Dear Team
>
> Our customers wants the interest calculation by applying no. of days
> in a month. By default mifos calculates the interest on monthly basis.
> Please find the calculation in attached document.
>
> Let us know if this is feasible or not.
> Early response is highly appreciated.
>
> Thanks
> Shiva
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
>
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
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Message: 5
Date: Mon, 14 May 2012 17:19:34 +0530
From: info <in...@hugotechnologies.com>
Subject: Re: [Mifos-users] Collection Follow-up processing using
Automatic Call Dialing
To: mifos...@googlegroups.com
Cc: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID:
<CAEcdFdV3=Js9wjjoZDF494=txZXoz57YoDv=2Vo9zgp...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Thanks Amit.
We started the development work and it will be ready by End of August of
mid of September.
It will be great if you can share your views from ground, this will help us
to design the application accordingly.
Thanks
Shiva
On Mon, May 14, 2012 at 10:29 AM, AMIT JAIN <amitja...@gmail.com> wrote:
> Dear Shiva,
> That is something innovative and will be a milestone.As soon as you start
> it.I would like to share my views from the ground level.
> Using a maximum use of smart phones will we future demand of any
> application.
> Best of Luck
> Regards
> AMIT
>
> On Fri, May 11, 2012 at 5:34 PM, HugoTechnologies <
> in...@hugotechnologies.com> wrote:
>
>> Dear Team
>>
>> We have started the development of collection follow-up process for Mifos
>> Automatic Call Dialing
>> This solution will act as a gateway for all communications with end
>> customers.
>>
>> *Solution Overview*
>>
>> - Collection Follow-up System maintains the list of Over due
>> customers and call them periodically as per the organization settings
>> - CFS calls customers registered number and plays a recorded
>> information with dynamic values. Ex. "Dear Marie, Your installment is
>> defaulted for X days with an amount of 100 USD. Please pay immediately".
>> - 2-way call conferencing with Loan officer & Member
>> - CFS can send sms & audio message to customers.
>> - MFI can send promotional messages using CFS
>> - CFS can escalate the matter to higher authority if the member is
>> Over-due for a long period
>>
>> Please find the attached flow chart for your reference.
>>
>> Kindly let us know for any feedback.
>>
>> Thanks
>> Shiva
>>
>>
>>
>> ------------------------------------------------------------------------------
>> Live Security Virtual Conference
>> Exclusive live event will cover all the ways today's security and
>> threat landscape has changed and how IT managers can respond. Discussions
>> will include endpoint security, mobile security and the latest in malware
>> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>> _______________________________________________
>> Mifos-users mailing list
>> Mifos...@lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/mifos-users
>>
>>
>
>
> --
> AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821
> |
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> --
> You received this message because you are subscribed to the Google Groups
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> To post to this group, send email to mifos...@googlegroups.com.
> To unsubscribe from this group, send email to
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> For more options, visit this group at
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>
>
>
--
*Regard,*
*HT Team*
*www.hugotechnologies.com*
Phone : +91 40-65141823 | Skype: hugo.technologies
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Message: 6
Date: Mon, 14 May 2012 17:16:24 +0530
From: info <in...@hugotechnologies.com>
Subject: Re: [Mifos-users] Daily interest declining
To: Lukasz Chudy <lch...@soldevelo.com>
Cc: mifos...@googlegroups.com, "A good place to start for users or
folks new to Mifos." <mifos...@lists.sourceforge.net>
Message-ID:
<CAEcdFdUS=XQFL=GgOcwwwk-bjvqOBZRy...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Dear Lukasz
But it is difficult for users to define the repayment installment manually.
It is better to bring this change in product.
Thanks
Shiva
On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <lch...@soldevelo.com> wrote:
> Hi Shiva,
>
> Maybe you can use Loans with Declining Balance and Variable Installments?
>
> In Declining Balance with Variable Installments products, the daily rate
> of interest is used whereas in typical declining balance, the interest is
> calculated based on the frequency of the loan (monthly or weekly).
>
> Regards,
> Lukasz
>
>
> On 05/11/2012 02:30 PM, HugoTechnologies wrote:
>
> Dear Team
>
> Our customers wants the interest calculation by applying no. of days in
> a month. By default mifos calculates the interest on monthly basis.
> Please find the calculation in attached document.
>
> Let us know if this is feasible or not.
> Early response is highly appreciated.
>
> Thanks
> Shiva
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
>
>
> _______________________________________________
> Mifos-users mailing listMifos-users@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
>
--
*Regard,*
*HT Team*
*www.hugotechnologies.com*
Phone : +91 40-65141823 | Skype: hugo.technologies
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Message: 7
Date: Mon, 14 May 2012 14:01:36 +0200
From: Lukasz Chudy <lch...@soldevelo.com>
Subject: Re: [Mifos-users] Daily interest declining
To: info <in...@hugotechnologies.com>
Cc: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID: <4FB0F420...@soldevelo.com>
Content-Type: text/plain; charset="iso-8859-1"
Shiva,
What do you mean by "define the repayment installment manually"?
When you are creating a new Loan with Declining Balance and Variable
Installments then initial repayment schedule is the same as in normal
Declining balance, so you don't have to set up dates manually (the only
difference is that you have possibility to change the initial dates).
Regards,
Lukasz
On 05/14/2012 01:46 PM, info wrote:
> Dear Lukasz
>
> But it is difficult for users to define the repayment installment
> manually.
> It is better to bring this change in product.
>
> Thanks
> Shiva
>
>
> On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <lch...@soldevelo.com
> <mailto:lch...@soldevelo.com>> wrote:
>
> Hi Shiva,
>
> Maybe you can use Loans with Declining Balance and Variable
> Installments?
>
> In Declining Balance with Variable Installments products, the
> daily rate of interest is used whereas in typical declining
> balance, the interest is calculated based on the frequency of the
> loan (monthly or weekly).
>
> Regards,
> Lukasz
>
>
> On 05/11/2012 02:30 PM, HugoTechnologies wrote:
>> Dear Team
>>
>> Our customers wants the interest calculation by applying no. of
>> days in a month. By default mifos calculates the interest on
>> monthly basis.
>> Please find the calculation in attached document.
>>
>> Let us know if this is feasible or not.
>> Early response is highly appreciated.
>>
>> Thanks
>> Shiva
>>
>>
>>
>> ------------------------------------------------------------------------------
>> Live Security Virtual Conference
>> Exclusive live event will cover all the ways today's security and
>> threat landscape has changed and how IT managers can respond. Discussions
>> will include endpoint security, mobile security and the latest in malware
>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>>
>>
>> _______________________________________________
>> Mifos-users mailing list
>> Mifos...@lists.sourceforge.net <mailto:Mifos...@lists.sourceforge.net>
>> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
>
>
> --
> *Regard,*
> *HT Team*
> /*www.hugotechnologies.com <http://www.hugotechnologies.com>*/
> Phone : +91 40-65141823 | Skype: hugo.technologies
>
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Message: 8
Date: Mon, 14 May 2012 06:08:21 -0700 (PDT)
From: "Thomas (Uganda)" <nda...@gmail.com>
Subject: Re: [Mifos-users] Applying Payments in v 2.3.3 Declining
Balance - Interest Recalculation - Desired Functionality
To: mifos...@lists.sourceforge.net
Message-ID:
<3349fba2-1097-4f4a...@em1g2000vbb.googlegroups.com>
Content-Type: text/plain; charset=windows-1252
Hello Lukasz, thanks for the response
1) The Organizations uses Declining Balance Interest Recalculation
because they majorly need to Automatically Charge interest on delayed
payments / repayments, and at the same time waiver interest on early
payments IF DESIRED, hence Declining Balance Interest Recalculation.
So I dnt think Declining Balance, will bring out what they want.
My understanding was to make Declining Balance Interest Recalculation
flexible enough to either Waive Interest Due - In case of Early
Payments of Make Full Installment Schedule Payment.
Any Suggestions on how to handle Item 1 above would be helpful.
On May 14, 1:52?pm, Lukasz Chudy <lch...@soldevelo.com> wrote:
> Thomas,
>
> Maybe you can use normal Declining Balance in Scenario 1 instead of
> Declining Balance Interest Recalculation? Standard Declining Balance
> allows to enter early full payment of 2,200,000 or any amount less.
>
> Regards,
> Lukasz
>
> On 05/11/2012 05:24 PM, Thomas (Uganda) wrote:
>
>
>
> > For Scenario 1 ? Early Payments
> > In principle if a client pays early, only the interest for the days
> > that the loan has been taken should be applied. However what if the
> > Client Brings Money for the Full Installment, the MFI could loose this
> > money since Mifos will not record the whole amount that the Client
> > brought. ?I think there should be flexibility to enter this full
> > payment of 2,200,000 or any amount less, giving the MFI flexibility to
> > apply or waiver interest
>
> >>> Current Result
> > Apply Payment ? Applying an early payment by 2 days of 2,200,000 will
> > default to 2,019,726 and leave a balance of 180,274 ? But this Client
> > has paid in full i.e 2,200,000
> > Repay Loan ? Only bring payment of 2,019,726 with only the interest
> > that accrued for the 3 days
>
> >>> Expected Result
> > Apply Payment ? Applying an early payment U can apply any payment
> > between 1 ? 2,200,000 including 2,019,726 if u wish. If its 2,200,000
> > the loan is closed ? obligation met, if its 2,019,726 the loan is left
> > open and U choose to Close ? Written off
> > Repay Loan ? For early repayments, If Waiver Interest in Checked only
> > the accrued interest should be displayed i.e 2,019,726
> > If the Waiver Interest is Unchecked the whole amount i.e 2,200,000
> > should be displayed
> > I think this will give flexibility to ably make early payments
>
> > On May 11, 4:24 pm, Lukasz Chudy<lch...@soldevelo.com> ?wrote:
> >> Hi Thomas,
>
> >>> **** Scenario 1 - Early Payment ****
> >>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
> >>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
> >>> However if a person pays 3 days after, say on 14 May 2012, and he/she
> >>> has brought 2,200,000. When u apply ?this payment it defaults to
> >>> 2,019,726 Calculating interest for only the 3 days for which the loan
> >>> was taken.
> >>> Desired Functionality - ?I would like to be able to apply 2,200,000 or
> >>> less at any time before ?loan maturity date (11 June 2012) i.e form 1
> >>> to 2,200,000
> >> If I understand you properly, in this scenario you want to apply
> >> 2,200,000 earlier - 28 days before the expected payment date. So,
> >> Declining Balance Interest Recalculation is designed in the way that if
> >> you apply payment earlier then you don't pay the full amount of
> >> interest. In your case interests are calculated only for 3 days.
>
> >> Moreover, it is possible to enter any amount which is less than total
> >> which is in this case 2,019,726. If you want to apply 2,200,000, then
> >> there will be an overpayment. Does it make sense for you?
>
> >>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
> >>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
> >>> okay
> >>> If the client makes payment 5 Days after Loan Maturity date say 16
> >>> June 2012. By Default when U Click apply payment ?the figure displayed
> >>> includes the days in arrears i.e 2,232,877 which is fine too, but U
> >>> cannot apply this payment. It defaults to 2,200,000.
> >>> Desired Functionality ? I would like to apply any payment amount upto
> >>> the payment in arrears. i.e from 1 to 2,232,877
> >> This is a bug. I created a new Jira ticket for that issue:http://mifosforge.jira.com/browse/MIFOS-5589
>
> >> Best regards,
> >> Lukasz
>
> >> On 05/11/2012 11:00 AM, Thomas (Uganda) wrote:
>
> >>> Hello Team, thanks for the great effort with adjustments in Declining
> >>> Balance Interest Recalculation. I have an issue when am making either
> >>> an early payment or late payment in Declining Balance Interest
> >>> Recalculation for a live deployment am working on.
> >>> **** Scenario 1 - Early Payment ****
> >>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
> >>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
> >>> However if a person pays 3 days after, say on 14 May 2012, and he/she
> >>> has brought 2,200,000. When u apply ?this payment it defaults to
> >>> 2,019,726 Calculating interest for only the 3 days for which the loan
> >>> was taken.
> >>> Desired Functionality - ?I would like to be able to apply 2,200,000 or
> >>> less at any time before ?loan maturity date (11 June 2012) i.e form 1
> >>> to 2,200,000
> >>> **** Scenario 2 - Late Payment ****
> >>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
> >>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
> >>> okay
> >>> If the client makes payment 5 Days after Loan Maturity date say 16
> >>> June 2012. By Default when U Click apply payment ?the figure displayed
> >>> includes the days in arrears i.e 2,232,877 which is fine too, but U
> >>> cannot apply this payment. It defaults to 2,200,000.
> >>> Desired Functionality ? I would like to apply any payment amount upto
> >>> the payment in arrears. i.e from 1 to 2,232,877
> >>> Thanks Look forward to any feedback on the above
> >>> Best Regards
> >>> ------------------------------------------------------------------------------
> >>> Live Security Virtual Conference
> >>> Exclusive live event will cover all the ways today's security and
> >>> threat landscape has changed and how IT managers can respond. Discussions
> >>> will include endpoint security, mobile security and the latest in malware
> >>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> >>> _______________________________________________
> >>> Mifos-users mailing list
> >>> Mifos-us...@lists.sourceforge.net
> >>>https://lists.sourceforge.net/lists/listinfo/mifos-users
> >> ------------------------------------------------------------------------------
> >> Live Security Virtual Conference
> >> Exclusive live event will cover all the ways today's security and
> >> threat landscape has changed and how IT managers can respond. Discussions
> >> will include endpoint security, mobile security and the latest in malware
> >> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> >> _______________________________________________
> >> Mifos-users mailing list
> >> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
> > ------------------------------------------------------------------------------
> > Live Security Virtual Conference
> > Exclusive live event will cover all the ways today's security and
> > threat landscape has changed and how IT managers can respond. Discussions
> > will include endpoint security, mobile security and the latest in malware
> > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> > _______________________________________________
> > Mifos-users mailing list
> > Mifos-us...@lists.sourceforge.net
> >https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 9
Date: Mon, 14 May 2012 07:28:59 -0700 (PDT)
From: "Thomas (Uganda)" <nda...@gmail.com>
Subject: Re: [Mifos-users] Question regarding Loan Repayment Schedules
from Quipu Technologies
To: mifos...@lists.sourceforge.net
Message-ID:
<7c0e5297-5dac-449b...@b1g2000vbb.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
Hello Keith;
> -At the moment to do a payment, if the payment is done before that the
> payment date established in the schedule, the system considerate that the
> interest amount for this installment is less than it should be, so the
> system apply the payment with a less amount for this installment and the
> rest is applied for the next installment and with the passing of the days
> the interest of the first installment continue able and after the payment
> date, is considerated as a penalty. The foundation would like to be able to
> apply payments before that the payment date established with any problem for
> take this to the customer history as a good pay
If i understand Marco correctly, I guess 2 replicate this behavior,
Use Declining Balance-Interest Recalculation
So input a loan of 1,000,000 at 10 % per month, for 1 installment, the
expected payment at the end of 1 month is 1,100,000.
If the Client brings 1,100,000 after 3 days only interest for the 3
days will be applied to the loan and the balance will be left showing
the client has pending balance to pay. Yet in actual sense this Client
paid in full (As a gud pay per say)
So do U think this is a bug? It would be nice to have flexibility to
apply payment upto the full installment i.e 1,100,000 then close this
clients account
On May 10, 10:45?pm, Keith Woodlock <keithwoodl...@gmail.com> wrote:
> Marco,
>
> I'll try to answer your questions as best I can from point of view of
> mifos software:
>
> > -When generate a schedule of payments, if one of the payment date falls on
> > sunday, the system take the day of payment as the next day. The foundation
> > would like to take the payments date in the schedule normally when these
> > fall sunday.
>
> Out of the box configuration or mifos has sunday as weekend (or not
> business day of week). You should be able to change your configuration
> so that all days of week are considered business days, that way the
> automatic schedule generation wont skip sunday. (as far as i can
> remember.)
>
> > -When generate a schedule, for the rounding in the installments, the last
> > installment has an amount different from the other installments. The
> > foundation would like to generate the schedule with the same amount for each
> > istallment.
>
> I think this is deeply engrained in the mifos automatic loan schedule
> generation and I dont think theres an easy way to get what you want
> instead of it. Other may know better though.
>
> > -At the moment to do a payment, if the payment is done before that the
> > payment date established in the schedule, the system considerate that the
> > interest amount for this installment is less than it should be, so the
> > system apply the payment with a less amount for this installment and the
> > rest is applied for the next installment and with the passing of the days
> > the interest of the first installment continue able and after the payment
> > date, is considerated as a penalty. The foundation would like to be able to
> > apply payments before that the payment date established with any problem for
> > take this to the customer history as a good pay.
>
> What 'approach are you using'? interest-recalculation? Dont fully
> understand what is being said here.
>
> Hopefully others can help out more.
>
> Keith.
>
>
>
> On Thu, May 10, 2012 at 8:22 PM, Ed Cable <edca...@gmail.com> wrote:
> > Hey all,
>
> > Some questions from Marco from Quipu Technologies:
>
> > El 10/05/12 13:20, "Marco Vergaray" <mverga...@quiputechnology.com>
> > escribi?:
>
> > -When generate a schedule of payments, if one of the payment date falls on
> > sunday, the system take the day of payment as the next day. The foundation
> > would like to take the payments date in the schedule normally when these
> > fall sunday.
>
> > -When generate a schedule, for the rounding in the installments, the last
> > installment has an amount different from the other installments. The
> > foundation would like to generate the schedule with the same amount for each
> > istallment.
>
> > -At the moment to do a payment, if the payment is done before that the
> > payment date established in the schedule, the system considerate that the
> > interest amount for this installment is less than it should be, so the
> > system apply the payment with a less amount for this installment and the
> > rest is applied for the next installment and with the passing of the days
> > the interest of the first installment continue able and after the payment
> > date, is considerated as a penalty. The foundation would like to be able to
> > apply payments before that the payment date established with any problem for
> > take this to the customer history as a good pay.
>
> > ------------------------------------------------------------------------------
> > Live Security Virtual Conference
> > Exclusive live event will cover all the ways today's security and
> > threat landscape has changed and how IT managers can respond. Discussions
> > will include endpoint security, mobile security and the latest in malware
> > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> > _______________________________________________
> > Mifos-users mailing list
> > Mifos-us...@lists.sourceforge.net
> >https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 10
Date: Mon, 14 May 2012 20:57:50 -0700 (PDT)
From: Safik Omara <safi...@gmail.com>
Subject: Re: [Mifos-users] Daily interest declining
To: mifos...@lists.sourceforge.net
Message-ID:
<fc33ef02-8fc0-4125...@k10g2000pbk.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
I greatly appreciate the existence of the interest calculation is
applied on a daily basis. Interest is accrued interest which must
exist in a lending institution. The question is whether this can be
applied to the calculation of flat rates on a daily basis.
On May 14, 7:01?pm, Lukasz Chudy <lch...@soldevelo.com> wrote:
> Shiva,
>
> What do you mean by "define the repayment installment manually"?
>
> When you are creating a new Loan with Declining Balance and Variable
> Installments then initial repayment schedule is the same as in normal
> Declining balance, so you don't have to set up dates manually (the only
> difference is that you have possibility to change the initial dates).
>
> Regards,
> Lukasz
>
> On 05/14/2012 01:46 PM, info wrote:
>
>
>
>
>
>
>
> > Dear Lukasz
>
> > But it is difficult for users to define the repayment installment
> > manually.
> > It is better to bring this change in product.
>
> > Thanks
> > Shiva
>
> > On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <lch...@soldevelo.com
> > <mailto:lch...@soldevelo.com>> wrote:
>
> > ? ? Hi Shiva,
>
> > ? ? Maybe you can use Loans with Declining Balance and Variable
> > ? ? Installments?
>
> > ? ? In Declining Balance with Variable Installments products, the
> > ? ? daily rate of interest is used whereas in typical declining
> > ? ? balance, the interest is calculated based on the frequency of the
> > ? ? loan (monthly or weekly).
>
> > ? ? Regards,
> > ? ? Lukasz
>
> > ? ? On 05/11/2012 02:30 PM, HugoTechnologies wrote:
> >> ? ? Dear Team
>
> >> ? ? Our customers wants the interest calculation by applying no. of
> >> ? ? days in a month. By default mifos calculates the interest on
> >> ? ? monthly basis.
> >> ? ? Please find the calculation in attached document.
>
> >> ? ? Let us know if this is feasible or not.
> >> ? ? Early response is highly appreciated.
>
> >> ? ? Thanks
> >> ? ? Shiva
>
> >> ? ? ------------------------------------------------------------------------------
> >> ? ? Live Security Virtual Conference
> >> ? ? Exclusive live event will cover all the ways today's security and
> >> ? ? threat landscape has changed and how IT managers can respond. Discussions
> >> ? ? will include endpoint security, mobile security and the latest in malware
> >> ? ? threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
> >> ? ? _______________________________________________
> >> ? ? Mifos-users mailing list
> >> ? ? Mifos-us...@lists.sourceforge.net ?<mailto:Mifos-us...@lists.sourceforge.net>
> >> ? ?https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> > --
> > *Regard,*
> > *HT Team*
> > /*www.hugotechnologies.com<http://www.hugotechnologies.com>*/
> > Phone : +91 40-65141823 | Skype: hugo.technologies
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 11
Date: Tue, 15 May 2012 06:35:33 -0700 (PDT)
From: "Thomas (Uganda)" <nda...@gmail.com>
Subject: [Mifos-users] Fix 4 Java Out of Memory Exception (Perm Gen
Error)
To: mifos...@lists.sourceforge.net
Message-ID:
<4fe54054-b794-413e...@v10g2000vbe.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
After so many attempts to fix the Java out of memory exception with a
mifos deployment i was working on, i thought i would share something
that worked for me.
Mifos mainly uses JRE to run, so switching to various Tomcat server
versions (Tomcat 6.0.35 etc) did not help until i uninstalled Tomcat,
updated to jre 7 (http://www.oracle.com/technetwork/java/javase/
downloads/jre-7u4-download-1591157.html), then reinstalled Tomcat and
then deployed Mifos.
2 days now without restating Tomcat
So setting up Mifos on the latest JRE 7 version (Something I always
ignored) and configuring the environment variables including
CATALINA_OPTS -Xms1024M -Xmx1024M -XX:MaxPermSize=512m was my fix
------------------------------
Message: 12
Date: Tue, 15 May 2012 15:55:00 +0530
From: Jayalaxmi Desai <ja...@confluxtechnologies.com>
Subject: [Mifos-users] Apply charge error
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID:
<CAHF7cUkpNZFGcU0SjoHfVMiGkS05wKff+A3Qz8Dw1MgA6S=8...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Hi,
With fresh installation of mifos_v2.3.1 I was able to apply misc penalty
charge to loan.
But after upgrading one of our clients from mifos_v2.1.6 to mifos_v2.3.1 we
are not able to apply misc penalty charge and we are getting the
following error
Apply charge is currently not supported since it would require
recalculating the loan schedule after payments have been made.
Find the attached screenshots for the reference.
Please help us in getting this issue resolved.
--
Thanks and Regards,
Jaya Desai Software Engineer @ ConfluxTechnologies | Address :#412, 20th
Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 | Email :
ja...@confluxtechnologies.com | website:
www.Confluxtechnologies.com<http://www.confluxtechnologies.com/>|
Contact Number - Mob : +918867725929.
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------------------------------
------------------------------------------------------------------------------
Live Security Virtual Conference
Exclusive live event will cover all the ways today's security and
threat landscape has changed and how IT managers can respond. Discussions
will include endpoint security, mobile security and the latest in malware
threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
------------------------------
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End of Mifos-users Digest, Vol 97, Issue 1
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Today's Topics:
1. Re: Collection Follow-up processing using Automatic Call
Dialing (AMIT JAIN)
2. Re: Usuarios hispanohablantes (frearlvmro)
3. Re: Applying Payments in v 2.3.3 Declining Balance - Interest
Recalculation - Desired Functionality (Lukasz Chudy)
4. Re: Daily interest declining (Lukasz Chudy)
5. Re: Collection Follow-up processing using Automatic Call
Dialing (info)
6. Re: Daily interest declining (info)
7. Re: Daily interest declining (Lukasz Chudy)
8. Re: Applying Payments in v 2.3.3 Declining Balance - Interest
Recalculation - Desired Functionality (Thomas (Uganda))
9. Re: Question regarding Loan Repayment Schedules from Quipu
Technologies (Thomas (Uganda))
10. Re: Daily interest declining (Safik Omara)
11. Fix 4 Java Out of Memory Exception (Perm Gen Error)
(Thomas (Uganda))
12. Apply charge error (Jayalaxmi Desai)
----------------------------------------------------------------------
Message: 1
Date: Mon, 14 May 2012 10:29:38 +0530
From: AMIT JAIN <amitja...@gmail.com>
Subject: Re: [Mifos-users] Collection Follow-up processing using
Automatic Call Dialing
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID:
<CAG3UgAKwNEBA0pZ4F_emgXAU...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Dear Shiva,
That is something innovative and will be a milestone.As soon as you start
it.I would like to share my views from the ground level.
Using a maximum use of smart phones will we future demand of any
application.
Best of Luck
Regards
AMIT
On Fri, May 11, 2012 at 5:34 PM, HugoTechnologies <in...@hugotechnologies.com
> wrote:
> Dear Team
>
> We have started the development of collection follow-up process for Mifos
> Automatic Call Dialing
> This solution will act as a gateway for all communications with end
> customers.
>
> *Solution Overview*
>
> - Collection Follow-up System maintains the list of Over due customers
> and call them periodically as per the organization settings
> - CFS calls customers registered number and plays a recorded
> information with dynamic values. Ex. "Dear Marie, Your installment is
> defaulted for X days with an amount of 100 USD. Please pay immediately".
> - 2-way call conferencing with Loan officer & Member
> - CFS can send sms & audio message to customers.
> - MFI can send promotional messages using CFS
> - CFS can escalate the matter to higher authority if the member is
> Over-due for a long period
>
> Please find the attached flow chart for your reference.
>
> Kindly let us know for any feedback.
>
> Thanks
> Shiva
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821 |
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Message: 2
Date: Mon, 14 May 2012 03:02:58 -0700 (PDT)
From: frearlvmro <ferna...@gmail.com>
Subject: Re: [Mifos-users] Usuarios hispanohablantes
To: mifos...@lists.sourceforge.net
Message-ID:
<4437e6c6-8a5e-40ca...@em1g2000vbb.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
Hola Vishwas.
Muchas gracias por tu respuesta.
Supongo que no has usado para ello el google translate, en caso
contrario el resultado ha sido magn?fico.
De esa forma es como me apa?o yo normalmente, y as? har?.
Un saludo a todos, Fer.
On 10 mayo, 15:36, Vishwas Babu A J <vish...@confluxtechnologies.com>
wrote:
> Hola Fernando,
>
> Bienvenido a la comunidad Mifos.
>
> Si bien hay un buen n?mero de miembros de habla hispana en la comunidad
> que podr?an serle de ayuda, incluso aquellos de nosotros que no
> entienden el espa?ol puede tratar de responder a sus preguntas con la
> ayuda de google transalate
>
> Un cordial saludo,
> Vishwas
>
> On 10-05-2012 17:16, frearlvmro wrote:
>
>
>
>
>
>
>
>
>
> > Hola a todos. Me llamo Fernando y escribo desde Granada en Espa?a.
>
> > Estoy empezando a dar los primeros pasos en Mifos para analizar si
> > puede ser ?til a la asociaci?n de la que formo parte (http://
> > fondodesolidaridad.org/). Tambi?n estamos en contacto con otra media
> > docena de grupos que se dedican a lo mismo.
>
> > Mi mayor dificultad para introducirme es que no soy inform?tico, por
> > lo que me surgen muchas dudas; y el ingl?s se me da mal (me averg?enzo
> > por ello :-).
>
> > Por lo que hacer consultas en ingl?s me llevar?a tiempo y esfuerzo
> > (sin saber el resultado que tendr?an), y en espa?ol me ser?a mucho m?s
> > f?cil.
>
> > Creo que para la difusi?n y la extensi?n de Mifos por este pa?s ser?a
> > interesante que hubiera identificada una comunidad de habla hispana,
> > ?se puede hacer algo en ese sentido? Por lo pronto ser?a interesante
> > saber si escribiendo a esta lista habr?a respuesta, e incluso cuantos
> > podr?an contestar.
>
> > Lo siento amigos, tal vez estoy ordenando la casa a mi anfitri?n...
>
> > Para despedirme deciros que me encanta este proyecto y que espero
> > implantarlo y extenderlo pronto por Espa?a.
>
> > Un cordial saludo, Fernando.
>
> > ------------------------------------------------------------------------------
> > Live Security Virtual Conference
> > Exclusive live event will cover all the ways today's security and
> > threat landscape has changed and how IT managers can respond. Discussions
> > will include endpoint security, mobile security and the latest in malware
> > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> > _______________________________________________
> > Mifos-users mailing list
> > Mifos-us...@lists.sourceforge.net
> >https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 3
Date: Mon, 14 May 2012 12:52:20 +0200
From: Lukasz Chudy <lch...@soldevelo.com>
Subject: Re: [Mifos-users] Applying Payments in v 2.3.3 Declining
Balance - Interest Recalculation - Desired Functionality
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Cc: "Thomas \(Uganda\)" <nda...@gmail.com>
Message-ID: <4FB0E3E4...@soldevelo.com>
Content-Type: text/plain; charset=windows-1252; format=flowed
Thomas,
Maybe you can use normal Declining Balance in Scenario 1 instead of
Declining Balance Interest Recalculation? Standard Declining Balance
allows to enter early full payment of 2,200,000 or any amount less.
Regards,
Lukasz
On 05/11/2012 05:24 PM, Thomas (Uganda) wrote:
> For Scenario 1 ? Early Payments
> In principle if a client pays early, only the interest for the days
> that the loan has been taken should be applied. However what if the
> Client Brings Money for the Full Installment, the MFI could loose this
> money since Mifos will not record the whole amount that the Client
> brought. I think there should be flexibility to enter this full
> payment of 2,200,000 or any amount less, giving the MFI flexibility to
> apply or waiver interest
>
>>> Current Result
> Apply Payment ? Applying an early payment by 2 days of 2,200,000 will
> default to 2,019,726 and leave a balance of 180,274 ? But this Client
> has paid in full i.e 2,200,000
> Repay Loan ? Only bring payment of 2,019,726 with only the interest
> that accrued for the 3 days
>
>>> Expected Result
> Apply Payment ? Applying an early payment U can apply any payment
> between 1 ? 2,200,000 including 2,019,726 if u wish. If its 2,200,000
> the loan is closed ? obligation met, if its 2,019,726 the loan is left
> open and U choose to Close ? Written off
> Repay Loan ? For early repayments, If Waiver Interest in Checked only
> the accrued interest should be displayed i.e 2,019,726
> If the Waiver Interest is Unchecked the whole amount i.e 2,200,000
> should be displayed
> I think this will give flexibility to ably make early payments
>
>
> On May 11, 4:24 pm, Lukasz Chudy<lch...@soldevelo.com> wrote:
>> Hi Thomas,
>>
>>> **** Scenario 1 - Early Payment ****
>>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
>>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
>>> However if a person pays 3 days after, say on 14 May 2012, and he/she
>>> has brought 2,200,000. When u apply this payment it defaults to
>>> 2,019,726 Calculating interest for only the 3 days for which the loan
>>> was taken.
>>> Desired Functionality - I would like to be able to apply 2,200,000 or
>>> less at any time before loan maturity date (11 June 2012) i.e form 1
>>> to 2,200,000
>> If I understand you properly, in this scenario you want to apply
>> 2,200,000 earlier - 28 days before the expected payment date. So,
>> Declining Balance Interest Recalculation is designed in the way that if
>> you apply payment earlier then you don't pay the full amount of
>> interest. In your case interests are calculated only for 3 days.
>>
>> Moreover, it is possible to enter any amount which is less than total
>> which is in this case 2,019,726. If you want to apply 2,200,000, then
>> there will be an overpayment. Does it make sense for you?
>>
>>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
>>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
>>> okay
>>> If the client makes payment 5 Days after Loan Maturity date say 16
>>> June 2012. By Default when U Click apply payment the figure displayed
>>> includes the days in arrears i.e 2,232,877 which is fine too, but U
>>> cannot apply this payment. It defaults to 2,200,000.
>>> Desired Functionality ? I would like to apply any payment amount upto
>>> the payment in arrears. i.e from 1 to 2,232,877
>> This is a bug. I created a new Jira ticket for that issue:http://mifosforge.jira.com/browse/MIFOS-5589
>>
>> Best regards,
>> Lukasz
>>
>> On 05/11/2012 11:00 AM, Thomas (Uganda) wrote:
>>
>>
>>
>>> Hello Team, thanks for the great effort with adjustments in Declining
>>> Balance Interest Recalculation. I have an issue when am making either
>>> an early payment or late payment in Declining Balance Interest
>>> Recalculation for a live deployment am working on.
>>> **** Scenario 1 - Early Payment ****
>>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
>>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
>>> However if a person pays 3 days after, say on 14 May 2012, and he/she
>>> has brought 2,200,000. When u apply this payment it defaults to
>>> 2,019,726 Calculating interest for only the 3 days for which the loan
>>> was taken.
>>> Desired Functionality - I would like to be able to apply 2,200,000 or
>>> less at any time before loan maturity date (11 June 2012) i.e form 1
>>> to 2,200,000
>>> **** Scenario 2 - Late Payment ****
>>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
>>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
>>> okay
>>> If the client makes payment 5 Days after Loan Maturity date say 16
>>> June 2012. By Default when U Click apply payment the figure displayed
>>> includes the days in arrears i.e 2,232,877 which is fine too, but U
>>> cannot apply this payment. It defaults to 2,200,000.
>>> Desired Functionality ? I would like to apply any payment amount upto
>>> the payment in arrears. i.e from 1 to 2,232,877
>>> Thanks Look forward to any feedback on the above
>>> Best Regards
>>> ------------------------------------------------------------------------------
>>> Live Security Virtual Conference
>>> Exclusive live event will cover all the ways today's security and
>>> threat landscape has changed and how IT managers can respond. Discussions
>>> will include endpoint security, mobile security and the latest in malware
>>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>>> _______________________________________________
>>> Mifos-users mailing list
>>> Mifos-us...@lists.sourceforge.net
>>> https://lists.sourceforge.net/lists/listinfo/mifos-users
>> ------------------------------------------------------------------------------
>> Live Security Virtual Conference
>> Exclusive live event will cover all the ways today's security and
>> threat landscape has changed and how IT managers can respond. Discussions
>> will include endpoint security, mobile security and the latest in malware
>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>> _______________________________________________
>> Mifos-users mailing list
>> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
------------------------------
Message: 4
Date: Mon, 14 May 2012 13:08:40 +0200
From: Lukasz Chudy <lch...@soldevelo.com>
Subject: Re: [Mifos-users] Daily interest declining
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Cc: mifos...@googlegroups.com, HugoTechnologies
<in...@hugotechnologies.com>
Message-ID: <4FB0E7B...@soldevelo.com>
Content-Type: text/plain; charset="iso-8859-1"
Hi Shiva,
Maybe you can use Loans with Declining Balance and Variable Installments?
In Declining Balance with Variable Installments products, the daily rate
of interest is used whereas in typical declining balance, the interest
is calculated based on the frequency of the loan (monthly or weekly).
Regards,
Lukasz
On 05/11/2012 02:30 PM, HugoTechnologies wrote:
> Dear Team
>
> Our customers wants the interest calculation by applying no. of days
> in a month. By default mifos calculates the interest on monthly basis.
> Please find the calculation in attached document.
>
> Let us know if this is feasible or not.
> Early response is highly appreciated.
>
> Thanks
> Shiva
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
>
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
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Message: 5
Date: Mon, 14 May 2012 17:19:34 +0530
From: info <in...@hugotechnologies.com>
Subject: Re: [Mifos-users] Collection Follow-up processing using
Automatic Call Dialing
To: mifos...@googlegroups.com
Cc: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID:
<CAEcdFdV3=Js9wjjoZDF494=txZXoz57YoDv=2Vo9zgp...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Thanks Amit.
We started the development work and it will be ready by End of August of
mid of September.
It will be great if you can share your views from ground, this will help us
to design the application accordingly.
Thanks
Shiva
On Mon, May 14, 2012 at 10:29 AM, AMIT JAIN <amitja...@gmail.com> wrote:
> Dear Shiva,
> That is something innovative and will be a milestone.As soon as you start
> it.I would like to share my views from the ground level.
> Using a maximum use of smart phones will we future demand of any
> application.
> Best of Luck
> Regards
> AMIT
>
> On Fri, May 11, 2012 at 5:34 PM, HugoTechnologies <
> in...@hugotechnologies.com> wrote:
>
>> Dear Team
>>
>> We have started the development of collection follow-up process for Mifos
>> Automatic Call Dialing
>> This solution will act as a gateway for all communications with end
>> customers.
>>
>> *Solution Overview*
>>
>> - Collection Follow-up System maintains the list of Over due
>> customers and call them periodically as per the organization settings
>> - CFS calls customers registered number and plays a recorded
>> information with dynamic values. Ex. "Dear Marie, Your installment is
>> defaulted for X days with an amount of 100 USD. Please pay immediately".
>> - 2-way call conferencing with Loan officer & Member
>> - CFS can send sms & audio message to customers.
>> - MFI can send promotional messages using CFS
>> - CFS can escalate the matter to higher authority if the member is
>> Over-due for a long period
>>
>> Please find the attached flow chart for your reference.
>>
>> Kindly let us know for any feedback.
>>
>> Thanks
>> Shiva
>>
>>
>>
>> ------------------------------------------------------------------------------
>> Live Security Virtual Conference
>> Exclusive live event will cover all the ways today's security and
>> threat landscape has changed and how IT managers can respond. Discussions
>> will include endpoint security, mobile security and the latest in malware
>> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>> _______________________________________________
>> Mifos-users mailing list
>> Mifos...@lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/mifos-users
>>
>>
>
>
> --
> AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821
> |
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos...@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> --
> You received this message because you are subscribed to the Google Groups
> "Mifos Users" group.
> To post to this group, send email to mifos...@googlegroups.com.
> To unsubscribe from this group, send email to
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> For more options, visit this group at
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>
>
>
--
*Regard,*
*HT Team*
*www.hugotechnologies.com*
Phone : +91 40-65141823 | Skype: hugo.technologies
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Message: 6
Date: Mon, 14 May 2012 17:16:24 +0530
From: info <in...@hugotechnologies.com>
Subject: Re: [Mifos-users] Daily interest declining
To: Lukasz Chudy <lch...@soldevelo.com>
Cc: mifos...@googlegroups.com, "A good place to start for users or
folks new to Mifos." <mifos...@lists.sourceforge.net>
Message-ID:
<CAEcdFdUS=XQFL=GgOcwwwk-bjvqOBZRy...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Dear Lukasz
But it is difficult for users to define the repayment installment manually.
It is better to bring this change in product.
Thanks
Shiva
On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <lch...@soldevelo.com> wrote:
> Hi Shiva,
>
> Maybe you can use Loans with Declining Balance and Variable Installments?
>
> In Declining Balance with Variable Installments products, the daily rate
> of interest is used whereas in typical declining balance, the interest is
> calculated based on the frequency of the loan (monthly or weekly).
>
> Regards,
> Lukasz
>
>
> On 05/11/2012 02:30 PM, HugoTechnologies wrote:
>
> Dear Team
>
> Our customers wants the interest calculation by applying no. of days in
> a month. By default mifos calculates the interest on monthly basis.
> Please find the calculation in attached document.
>
> Let us know if this is feasible or not.
> Early response is highly appreciated.
>
> Thanks
> Shiva
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
>
>
> _______________________________________________
> Mifos-users mailing listMifos-users@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
>
--
*Regard,*
*HT Team*
*www.hugotechnologies.com*
Phone : +91 40-65141823 | Skype: hugo.technologies
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Message: 7
Date: Mon, 14 May 2012 14:01:36 +0200
From: Lukasz Chudy <lch...@soldevelo.com>
Subject: Re: [Mifos-users] Daily interest declining
To: info <in...@hugotechnologies.com>
Cc: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID: <4FB0F420...@soldevelo.com>
Content-Type: text/plain; charset="iso-8859-1"
Shiva,
What do you mean by "define the repayment installment manually"?
When you are creating a new Loan with Declining Balance and Variable
Installments then initial repayment schedule is the same as in normal
Declining balance, so you don't have to set up dates manually (the only
difference is that you have possibility to change the initial dates).
Regards,
Lukasz
On 05/14/2012 01:46 PM, info wrote:
> Dear Lukasz
>
> But it is difficult for users to define the repayment installment
> manually.
> It is better to bring this change in product.
>
> Thanks
> Shiva
>
>
> On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <lch...@soldevelo.com
> <mailto:lch...@soldevelo.com>> wrote:
>
> Hi Shiva,
>
> Maybe you can use Loans with Declining Balance and Variable
> Installments?
>
> In Declining Balance with Variable Installments products, the
> daily rate of interest is used whereas in typical declining
> balance, the interest is calculated based on the frequency of the
> loan (monthly or weekly).
>
> Regards,
> Lukasz
>
>
> On 05/11/2012 02:30 PM, HugoTechnologies wrote:
>> Dear Team
>>
>> Our customers wants the interest calculation by applying no. of
>> days in a month. By default mifos calculates the interest on
>> monthly basis.
>> Please find the calculation in attached document.
>>
>> Let us know if this is feasible or not.
>> Early response is highly appreciated.
>>
>> Thanks
>> Shiva
>>
>>
>>
>> ------------------------------------------------------------------------------
>> Live Security Virtual Conference
>> Exclusive live event will cover all the ways today's security and
>> threat landscape has changed and how IT managers can respond. Discussions
>> will include endpoint security, mobile security and the latest in malware
>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>>
>>
>> _______________________________________________
>> Mifos-users mailing list
>> Mifos...@lists.sourceforge.net <mailto:Mifos...@lists.sourceforge.net>
>> https://lists.sourceforge.net/lists/listinfo/mifos-users
>
>
>
>
> --
> *Regard,*
> *HT Team*
> /*www.hugotechnologies.com <http://www.hugotechnologies.com>*/
> Phone : +91 40-65141823 | Skype: hugo.technologies
>
-------------- next part --------------
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Message: 8
Date: Mon, 14 May 2012 06:08:21 -0700 (PDT)
From: "Thomas (Uganda)" <nda...@gmail.com>
Subject: Re: [Mifos-users] Applying Payments in v 2.3.3 Declining
Balance - Interest Recalculation - Desired Functionality
To: mifos...@lists.sourceforge.net
Message-ID:
<3349fba2-1097-4f4a...@em1g2000vbb.googlegroups.com>
Content-Type: text/plain; charset=windows-1252
Hello Lukasz, thanks for the response
1) The Organizations uses Declining Balance Interest Recalculation
because they majorly need to Automatically Charge interest on delayed
payments / repayments, and at the same time waiver interest on early
payments IF DESIRED, hence Declining Balance Interest Recalculation.
So I dnt think Declining Balance, will bring out what they want.
My understanding was to make Declining Balance Interest Recalculation
flexible enough to either Waive Interest Due - In case of Early
Payments of Make Full Installment Schedule Payment.
Any Suggestions on how to handle Item 1 above would be helpful.
On May 14, 1:52?pm, Lukasz Chudy <lch...@soldevelo.com> wrote:
> Thomas,
>
> Maybe you can use normal Declining Balance in Scenario 1 instead of
> Declining Balance Interest Recalculation? Standard Declining Balance
> allows to enter early full payment of 2,200,000 or any amount less.
>
> Regards,
> Lukasz
>
> On 05/11/2012 05:24 PM, Thomas (Uganda) wrote:
>
>
>
> > For Scenario 1 ? Early Payments
> > In principle if a client pays early, only the interest for the days
> > that the loan has been taken should be applied. However what if the
> > Client Brings Money for the Full Installment, the MFI could loose this
> > money since Mifos will not record the whole amount that the Client
> > brought. ?I think there should be flexibility to enter this full
> > payment of 2,200,000 or any amount less, giving the MFI flexibility to
> > apply or waiver interest
>
> >>> Current Result
> > Apply Payment ? Applying an early payment by 2 days of 2,200,000 will
> > default to 2,019,726 and leave a balance of 180,274 ? But this Client
> > has paid in full i.e 2,200,000
> > Repay Loan ? Only bring payment of 2,019,726 with only the interest
> > that accrued for the 3 days
>
> >>> Expected Result
> > Apply Payment ? Applying an early payment U can apply any payment
> > between 1 ? 2,200,000 including 2,019,726 if u wish. If its 2,200,000
> > the loan is closed ? obligation met, if its 2,019,726 the loan is left
> > open and U choose to Close ? Written off
> > Repay Loan ? For early repayments, If Waiver Interest in Checked only
> > the accrued interest should be displayed i.e 2,019,726
> > If the Waiver Interest is Unchecked the whole amount i.e 2,200,000
> > should be displayed
> > I think this will give flexibility to ably make early payments
>
> > On May 11, 4:24 pm, Lukasz Chudy<lch...@soldevelo.com> ?wrote:
> >> Hi Thomas,
>
> >>> **** Scenario 1 - Early Payment ****
> >>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
> >>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
> >>> However if a person pays 3 days after, say on 14 May 2012, and he/she
> >>> has brought 2,200,000. When u apply ?this payment it defaults to
> >>> 2,019,726 Calculating interest for only the 3 days for which the loan
> >>> was taken.
> >>> Desired Functionality - ?I would like to be able to apply 2,200,000 or
> >>> less at any time before ?loan maturity date (11 June 2012) i.e form 1
> >>> to 2,200,000
> >> If I understand you properly, in this scenario you want to apply
> >> 2,200,000 earlier - 28 days before the expected payment date. So,
> >> Declining Balance Interest Recalculation is designed in the way that if
> >> you apply payment earlier then you don't pay the full amount of
> >> interest. In your case interests are calculated only for 3 days.
>
> >> Moreover, it is possible to enter any amount which is less than total
> >> which is in this case 2,019,726. If you want to apply 2,200,000, then
> >> there will be an overpayment. Does it make sense for you?
>
> >>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
> >>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
> >>> okay
> >>> If the client makes payment 5 Days after Loan Maturity date say 16
> >>> June 2012. By Default when U Click apply payment ?the figure displayed
> >>> includes the days in arrears i.e 2,232,877 which is fine too, but U
> >>> cannot apply this payment. It defaults to 2,200,000.
> >>> Desired Functionality ? I would like to apply any payment amount upto
> >>> the payment in arrears. i.e from 1 to 2,232,877
> >> This is a bug. I created a new Jira ticket for that issue:http://mifosforge.jira.com/browse/MIFOS-5589
>
> >> Best regards,
> >> Lukasz
>
> >> On 05/11/2012 11:00 AM, Thomas (Uganda) wrote:
>
> >>> Hello Team, thanks for the great effort with adjustments in Declining
> >>> Balance Interest Recalculation. I have an issue when am making either
> >>> an early payment or late payment in Declining Balance Interest
> >>> Recalculation for a live deployment am working on.
> >>> **** Scenario 1 - Early Payment ****
> >>> If I input a loan of 2,000,000 at 10 % for 1 installment today 11 May
> >>> 2012. The expected payment on 11 June 2012 is 2,200,000 which is okay
> >>> However if a person pays 3 days after, say on 14 May 2012, and he/she
> >>> has brought 2,200,000. When u apply ?this payment it defaults to
> >>> 2,019,726 Calculating interest for only the 3 days for which the loan
> >>> was taken.
> >>> Desired Functionality - ?I would like to be able to apply 2,200,000 or
> >>> less at any time before ?loan maturity date (11 June 2012) i.e form 1
> >>> to 2,200,000
> >>> **** Scenario 2 - Late Payment ****
> >>> When I input a loan of 2,000,000 at 10 % for 1 installment today 11
> >>> May 2012. The expected payment on 11 June 2012 is 2,200,000 which is
> >>> okay
> >>> If the client makes payment 5 Days after Loan Maturity date say 16
> >>> June 2012. By Default when U Click apply payment ?the figure displayed
> >>> includes the days in arrears i.e 2,232,877 which is fine too, but U
> >>> cannot apply this payment. It defaults to 2,200,000.
> >>> Desired Functionality ? I would like to apply any payment amount upto
> >>> the payment in arrears. i.e from 1 to 2,232,877
> >>> Thanks Look forward to any feedback on the above
> >>> Best Regards
> >>> ------------------------------------------------------------------------------
> >>> Live Security Virtual Conference
> >>> Exclusive live event will cover all the ways today's security and
> >>> threat landscape has changed and how IT managers can respond. Discussions
> >>> will include endpoint security, mobile security and the latest in malware
> >>> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> >>> _______________________________________________
> >>> Mifos-users mailing list
> >>> Mifos-us...@lists.sourceforge.net
> >>>https://lists.sourceforge.net/lists/listinfo/mifos-users
> >> ------------------------------------------------------------------------------
> >> Live Security Virtual Conference
> >> Exclusive live event will cover all the ways today's security and
> >> threat landscape has changed and how IT managers can respond. Discussions
> >> will include endpoint security, mobile security and the latest in malware
> >> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> >> _______________________________________________
> >> Mifos-users mailing list
> >> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
> > ------------------------------------------------------------------------------
> > Live Security Virtual Conference
> > Exclusive live event will cover all the ways today's security and
> > threat landscape has changed and how IT managers can respond. Discussions
> > will include endpoint security, mobile security and the latest in malware
> > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> > _______________________________________________
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> > Mifos-us...@lists.sourceforge.net
> >https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> ------------------------------------------------------------------------------
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> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
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------------------------------
Message: 9
Date: Mon, 14 May 2012 07:28:59 -0700 (PDT)
From: "Thomas (Uganda)" <nda...@gmail.com>
Subject: Re: [Mifos-users] Question regarding Loan Repayment Schedules
from Quipu Technologies
To: mifos...@lists.sourceforge.net
Message-ID:
<7c0e5297-5dac-449b...@b1g2000vbb.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
Hello Keith;
> -At the moment to do a payment, if the payment is done before that the
> payment date established in the schedule, the system considerate that the
> interest amount for this installment is less than it should be, so the
> system apply the payment with a less amount for this installment and the
> rest is applied for the next installment and with the passing of the days
> the interest of the first installment continue able and after the payment
> date, is considerated as a penalty. The foundation would like to be able to
> apply payments before that the payment date established with any problem for
> take this to the customer history as a good pay
If i understand Marco correctly, I guess 2 replicate this behavior,
Use Declining Balance-Interest Recalculation
So input a loan of 1,000,000 at 10 % per month, for 1 installment, the
expected payment at the end of 1 month is 1,100,000.
If the Client brings 1,100,000 after 3 days only interest for the 3
days will be applied to the loan and the balance will be left showing
the client has pending balance to pay. Yet in actual sense this Client
paid in full (As a gud pay per say)
So do U think this is a bug? It would be nice to have flexibility to
apply payment upto the full installment i.e 1,100,000 then close this
clients account
On May 10, 10:45?pm, Keith Woodlock <keithwoodl...@gmail.com> wrote:
> Marco,
>
> I'll try to answer your questions as best I can from point of view of
> mifos software:
>
> > -When generate a schedule of payments, if one of the payment date falls on
> > sunday, the system take the day of payment as the next day. The foundation
> > would like to take the payments date in the schedule normally when these
> > fall sunday.
>
> Out of the box configuration or mifos has sunday as weekend (or not
> business day of week). You should be able to change your configuration
> so that all days of week are considered business days, that way the
> automatic schedule generation wont skip sunday. (as far as i can
> remember.)
>
> > -When generate a schedule, for the rounding in the installments, the last
> > installment has an amount different from the other installments. The
> > foundation would like to generate the schedule with the same amount for each
> > istallment.
>
> I think this is deeply engrained in the mifos automatic loan schedule
> generation and I dont think theres an easy way to get what you want
> instead of it. Other may know better though.
>
> > -At the moment to do a payment, if the payment is done before that the
> > payment date established in the schedule, the system considerate that the
> > interest amount for this installment is less than it should be, so the
> > system apply the payment with a less amount for this installment and the
> > rest is applied for the next installment and with the passing of the days
> > the interest of the first installment continue able and after the payment
> > date, is considerated as a penalty. The foundation would like to be able to
> > apply payments before that the payment date established with any problem for
> > take this to the customer history as a good pay.
>
> What 'approach are you using'? interest-recalculation? Dont fully
> understand what is being said here.
>
> Hopefully others can help out more.
>
> Keith.
>
>
>
> On Thu, May 10, 2012 at 8:22 PM, Ed Cable <edca...@gmail.com> wrote:
> > Hey all,
>
> > Some questions from Marco from Quipu Technologies:
>
> > El 10/05/12 13:20, "Marco Vergaray" <mverga...@quiputechnology.com>
> > escribi?:
>
> > -When generate a schedule of payments, if one of the payment date falls on
> > sunday, the system take the day of payment as the next day. The foundation
> > would like to take the payments date in the schedule normally when these
> > fall sunday.
>
> > -When generate a schedule, for the rounding in the installments, the last
> > installment has an amount different from the other installments. The
> > foundation would like to generate the schedule with the same amount for each
> > istallment.
>
> > -At the moment to do a payment, if the payment is done before that the
> > payment date established in the schedule, the system considerate that the
> > interest amount for this installment is less than it should be, so the
> > system apply the payment with a less amount for this installment and the
> > rest is applied for the next installment and with the passing of the days
> > the interest of the first installment continue able and after the payment
> > date, is considerated as a penalty. The foundation would like to be able to
> > apply payments before that the payment date established with any problem for
> > take this to the customer history as a good pay.
>
> > ------------------------------------------------------------------------------
> > Live Security Virtual Conference
> > Exclusive live event will cover all the ways today's security and
> > threat landscape has changed and how IT managers can respond. Discussions
> > will include endpoint security, mobile security and the latest in malware
> > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> > _______________________________________________
> > Mifos-users mailing list
> > Mifos-us...@lists.sourceforge.net
> >https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 10
Date: Mon, 14 May 2012 20:57:50 -0700 (PDT)
From: Safik Omara <safi...@gmail.com>
Subject: Re: [Mifos-users] Daily interest declining
To: mifos...@lists.sourceforge.net
Message-ID:
<fc33ef02-8fc0-4125...@k10g2000pbk.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
I greatly appreciate the existence of the interest calculation is
applied on a daily basis. Interest is accrued interest which must
exist in a lending institution. The question is whether this can be
applied to the calculation of flat rates on a daily basis.
On May 14, 7:01?pm, Lukasz Chudy <lch...@soldevelo.com> wrote:
> Shiva,
>
> What do you mean by "define the repayment installment manually"?
>
> When you are creating a new Loan with Declining Balance and Variable
> Installments then initial repayment schedule is the same as in normal
> Declining balance, so you don't have to set up dates manually (the only
> difference is that you have possibility to change the initial dates).
>
> Regards,
> Lukasz
>
> On 05/14/2012 01:46 PM, info wrote:
>
>
>
>
>
>
>
> > Dear Lukasz
>
> > But it is difficult for users to define the repayment installment
> > manually.
> > It is better to bring this change in product.
>
> > Thanks
> > Shiva
>
> > On Mon, May 14, 2012 at 4:38 PM, Lukasz Chudy <lch...@soldevelo.com
> > <mailto:lch...@soldevelo.com>> wrote:
>
> > ? ? Hi Shiva,
>
> > ? ? Maybe you can use Loans with Declining Balance and Variable
> > ? ? Installments?
>
> > ? ? In Declining Balance with Variable Installments products, the
> > ? ? daily rate of interest is used whereas in typical declining
> > ? ? balance, the interest is calculated based on the frequency of the
> > ? ? loan (monthly or weekly).
>
> > ? ? Regards,
> > ? ? Lukasz
>
> > ? ? On 05/11/2012 02:30 PM, HugoTechnologies wrote:
> >> ? ? Dear Team
>
> >> ? ? Our customers wants the interest calculation by applying no. of
> >> ? ? days in a month. By default mifos calculates the interest on
> >> ? ? monthly basis.
> >> ? ? Please find the calculation in attached document.
>
> >> ? ? Let us know if this is feasible or not.
> >> ? ? Early response is highly appreciated.
>
> >> ? ? Thanks
> >> ? ? Shiva
>
> >> ? ? ------------------------------------------------------------------------------
> >> ? ? Live Security Virtual Conference
> >> ? ? Exclusive live event will cover all the ways today's security and
> >> ? ? threat landscape has changed and how IT managers can respond. Discussions
> >> ? ? will include endpoint security, mobile security and the latest in malware
> >> ? ? threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
> >> ? ? _______________________________________________
> >> ? ? Mifos-users mailing list
> >> ? ? Mifos-us...@lists.sourceforge.net ?<mailto:Mifos-us...@lists.sourceforge.net>
> >> ? ?https://lists.sourceforge.net/lists/listinfo/mifos-users
>
> > --
> > *Regard,*
> > *HT Team*
> > /*www.hugotechnologies.com<http://www.hugotechnologies.com>*/
> > Phone : +91 40-65141823 | Skype: hugo.technologies
>
>
>
> ------------------------------------------------------------------------------
> Live Security Virtual Conference
> Exclusive live event will cover all the ways today's security and
> threat landscape has changed and how IT managers can respond. Discussions
> will include endpoint security, mobile security and the latest in malware
> threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
>
> _______________________________________________
> Mifos-users mailing list
> Mifos-us...@lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/mifos-users
------------------------------
Message: 11
Date: Tue, 15 May 2012 06:35:33 -0700 (PDT)
From: "Thomas (Uganda)" <nda...@gmail.com>
Subject: [Mifos-users] Fix 4 Java Out of Memory Exception (Perm Gen
Error)
To: mifos...@lists.sourceforge.net
Message-ID:
<4fe54054-b794-413e...@v10g2000vbe.googlegroups.com>
Content-Type: text/plain; charset=ISO-8859-1
After so many attempts to fix the Java out of memory exception with a
mifos deployment i was working on, i thought i would share something
that worked for me.
Mifos mainly uses JRE to run, so switching to various Tomcat server
versions (Tomcat 6.0.35 etc) did not help until i uninstalled Tomcat,
updated to jre 7 (http://www.oracle.com/technetwork/java/javase/
downloads/jre-7u4-download-1591157.html), then reinstalled Tomcat and
then deployed Mifos.
2 days now without restating Tomcat
So setting up Mifos on the latest JRE 7 version (Something I always
ignored) and configuring the environment variables including
CATALINA_OPTS -Xms1024M -Xmx1024M -XX:MaxPermSize=512m was my fix
------------------------------
Message: 12
Date: Tue, 15 May 2012 15:55:00 +0530
From: Jayalaxmi Desai <ja...@confluxtechnologies.com>
Subject: [Mifos-users] Apply charge error
To: "A good place to start for users or folks new to Mifos."
<mifos...@lists.sourceforge.net>
Message-ID:
<CAHF7cUkpNZFGcU0SjoHfVMiGkS05wKff+A3Qz8Dw1MgA6S=8...@mail.gmail.com>
Content-Type: text/plain; charset="iso-8859-1"
Hi,
With fresh installation of mifos_v2.3.1 I was able to apply misc penalty
charge to loan.
But after upgrading one of our clients from mifos_v2.1.6 to mifos_v2.3.1 we
are not able to apply misc penalty charge and we are getting the
following error
Apply charge is currently not supported since it would require
recalculating the loan schedule after payments have been made.
Find the attached screenshots for the reference.
Please help us in getting this issue resolved.
--
Thanks and Regards,
Jaya Desai Software Engineer @ ConfluxTechnologies | Address :#412, 20th
Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 | Email :
ja...@confluxtechnologies.com | website:
www.Confluxtechnologies.com<http://www.confluxtechnologies.com/>|
Contact Number - Mob : +918867725929.
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Matthew Laurenson
May 16, 2012, 1:55:33 PM5/16/12
to mifos...@lists.sourceforge.net
Hi Jaya
Further to Lukasz message, the workaround that we use if we want to apply charges to a loan with existing repayments is to apply those charges to the client's account, as opposed to their loan account. It is a bit of a nuisance, but allows us to keep track of things.
Regards
Matthew
Further to Lukasz message, the workaround that we use if we want to apply charges to a loan with existing repayments is to apply those charges to the client's account, as opposed to their loan account. It is a bit of a nuisance, but allows us to keep track of things.
Regards
Matthew
Hi Jaya,
This error message is usually displayed when you try to apply fee/penalty to the account on which payments have been made before. Mifos currently doesn't support this scenario.
You can apply fee/penalty to the account only if no payments have been made on this account.
Could you check if there were any transactions in the past on those accounts with error?
Regards, Lukasz
Jayalaxmi Desai
May 18, 2012, 5:08:32 AM5/18/12
to A good place to start for users or folks new to Mifos.
Hi Lukasz,
Thanks for explanation.
@Matthew:Thanks for the suggestion.
We will be using the same work around for applying charge.
Thanks and Regards,
Jaya
--
Thanks for explanation.
@Matthew:Thanks for the suggestion.
We will be using the same work around for applying charge.
Thanks and Regards,
Jaya
------------------------------------------------------------------------------
Live Security Virtual Conference
Exclusive live event will cover all the ways today's security and
threat landscape has changed and how IT managers can respond. Discussions
will include endpoint security, mobile security and the latest in malware
threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/
_______________________________________________
Mifos-users mailing list
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https://lists.sourceforge.net/lists/listinfo/mifos-users
--
Thanks and Regards,
Jaya Desai Software Engineer @ ConfluxTechnologies | Address :#412, 20th Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 | Email :ja...@confluxtechnologies.com | website: www.Confluxtechnologies.com |
Jaya Desai Software Engineer @ ConfluxTechnologies | Address :#412, 20th Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 | Email :ja...@confluxtechnologies.com | website: www.Confluxtechnologies.com |
Ramya Baskar
May 28, 2012, 10:03:31 AM5/28/12
to A good place to start for users or folks new to Mifos.
Hi Mathew,
I faced the same issue. I am using Mifos 2.3.2.
We enabled GLIM in our application. We are trying to "Apply charges" for both the ongoing loans and closed loans. But we can't. I am getting the error as same what Jaya got. So I tried your solution, i.e Applying Charges
for Client. It also shows the error as "There
are no installments to apply a charge". How can I achieve this?
Please help me by providing some solutions.
Thanks & Regards,
Ramya Baskar.
----- Original Message -----From: Jayalaxmi Desai
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Lukasz Chudy
May 29, 2012, 9:46:58 AM5/29/12
to A good place to start for users or folks new to Mifos.
Hi Ramya,
This error "There are no installments to apply a charge" occurs probably because there is no customer schedule for that client on that date. To get rid of this error try to run all Batch Jobs (batch jobs should update the schedule). Bo to 'Admin' tab -> 'Batch Jobs' page, select all tasks and click 'Run selected tasks' button.
Let me know if that helps.
Regards,
Lukasz
This error "There are no installments to apply a charge" occurs probably because there is no customer schedule for that client on that date. To get rid of this error try to run all Batch Jobs (batch jobs should update the schedule). Bo to 'Admin' tab -> 'Batch Jobs' page, select all tasks and click 'Run selected tasks' button.
Let me know if that helps.
Regards,
Lukasz
Matthew Laurenson
May 29, 2012, 4:34:05 AM5/29/12
to mifos...@lists.sourceforge.net
Hi Ramya
I have seen the message "There are no installments to apply a charge"
when I have tried to apply a charge to a client that did not have any
open loans. In our normal business, we only ever apply client charges
where clients have loans that are overdue, so we don't normally see
this message.
Just a note that we are not using GLIM. We are using LSIM.
Sorry that I can't help more.
Regards
Matthew
On May 29, 2:03 am, Ramya Baskar <ramya.bas...@kumaran.com> wrote:
> Hi Mathew,
> I faced the same issue. I am using Mifos 2.3.2.
>
> We enabled GLIM in our application. We are trying to "Apply charges" for both the ongoing loans and closed loans. But we can't. I am getting the error as same what Jaya got. So I tried your solution, i.e Applying Charges for Client. It also shows the error as "There are no installments to apply a charge". How can I achieve this?
>
> Please help me by providing some solutions.
>
> Thanks & Regards,
> Ramya Baskar.
I have seen the message "There are no installments to apply a charge"
when I have tried to apply a charge to a client that did not have any
open loans. In our normal business, we only ever apply client charges
where clients have loans that are overdue, so we don't normally see
this message.
Just a note that we are not using GLIM. We are using LSIM.
Sorry that I can't help more.
Regards
Matthew
On May 29, 2:03 am, Ramya Baskar <ramya.bas...@kumaran.com> wrote:
> Hi Mathew,
> I faced the same issue. I am using Mifos 2.3.2.
>
> We enabled GLIM in our application. We are trying to "Apply charges" for both the ongoing loans and closed loans. But we can't. I am getting the error as same what Jaya got. So I tried your solution, i.e Applying Charges for Client. It also shows the error as "There are no installments to apply a charge". How can I achieve this?
>
> Please help me by providing some solutions.
>
> Thanks & Regards,
> Ramya Baskar.
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