[Mifos-users] Reversing a loan vs. Canceling a loan

[Ryan Whitney]

Hi all,

What is the difference in canceling a loan and marking it as “rescheduled” vs. going through the admin screen and “Reversing loan disbursal”?

What happens on the backend?

I looked on mifos.org and couldn’t find any clarification.

Ryan
--
Ryan Whitney
Mifos Technical Program Manager
rwhi...@grameenfoundation.org  
Mifos - Technology that Empowers Microfinance (www.mifos.org)

[Polly]

Hi Ryan,

 

When you reschedule a loan, all payments remain intact and if you search a client with a rescheduled loan it displays as if it's still active.

When you reverse a loan, all payments made on the loan account are reversed including the disbursement itself.

 

Polly

Jitegemea Credit Scheme

 

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Best Regards
Polly Najori

[Polly]

Hi,

 

I have attached a document with some screen dumps showing what I had explained earlier.

 

Polly

 

 

On 07/07/2009, Ryan Whitney <rwhi...@grameenfoundation.org> wrote:

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[Ryan Whitney]

Polly,

Thanks for answering my question. So the only question that remains for me
now is why would someone pick one method over another? What is the use case
scenario for both? **

Thanks,
Ryan

PS ­ I can understand using the reverse and redo disbursal features, I¹m
just not sure how one would use the cancel-reschedule...

On 7/7/09 14:50, "Polly" <polly....@gmail.com> wrote:

> Hi Ryan,
>  
> When you reschedule a loan, all payments remain intact and if you search a
> client with a rescheduled loan it displays as if it's still active.
> When you reverse a loan, all payments made on the loan account are reversed
> including the disbursement itself.
>  
> Polly
> Jitegemea Credit Scheme
>
>  
> On 07/07/2009, Ryan Whitney <rwhi...@grameenfoundation.org> wrote:
>> Hi all,
>>
>> What is the difference in canceling a loan and marking it as ³rescheduled²
>> vs. going through the admin screen and ³Reversing loan disbursal²?
>>
>> What happens on the backend?
>>

>> I looked on mifos.org <http://mifos.org/> and couldn¹t find any

[Emily Tucker]

You reverse a loan when there's been a data entry mistake and you basically want to "erase" it from your records.

You reschedule a loan when you want to change the repayment terms for the remaining balance:
http://www.investorwords.com/4197/rescheduled_loan.html

For rescheduled loans, the history of previous payments for the loan are not removed from the system.

Emily.