Details
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New Feature
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Status: Open
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Major
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Resolution: Unresolved
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None
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Description
As part of the Q2 work on Flexible Loan Schedules phase 3, we should explore supporting a new product for a revolving line of credit.
We have had requests from customer like the Paradigm Project for revolving lines of credit to purchase non-durable goods like solar cook stoves etc: http://www.theparadigmproject.org/
The primary difference between a revolving and non-revolving line of credit is that repayments on RLOC replenish the available credit balance, becoming available for borrowing again. See http://goo.gl/0itVoh