Uploaded image for project: 'Apache Fineract'
  1. Apache Fineract
  2. FINERACT-843

Mifos Calculation of reinstallment day

    XMLWordPrintableJSON

    Details

    • Type: New Feature
    • Status: Open
    • Priority: Minor
    • Resolution: Unresolved
    • Affects Version/s: 1.3.0
    • Fix Version/s: 1.5.0
    • Component/s: Loan
    • Labels:
    • Flags:
      Patch

      Description

      Problem

      How to configure a Loan with 2 specific installments in a Month.

      1. The first one occurs every 15th oh the Month.
      2. The Second must occurs the last day of the Month.

      Solution
      We detect two cases:
      If the date is before 15th day, then the next is (fixed) to the 15th day of the current month,
      Else If the date is after 15th day, then the next date will be end of month (calculated) with the java LocalDate method class.

      • In both cases, as Mifos X applies the Business rule for no working days.
         
        Finally we defined a new EnumType called SemiWeeks for that case

        Attachments

        1. 01__Terms_Settings.png
          23 kB
          Jose Alberto Hernandez Maldonado
        2. 02__Schedule.png
          82 kB
          Jose Alberto Hernandez Maldonado

          Issue Links

            Activity

              People

              • Assignee:
                Unassigned
                Reporter:
                josealbertohm Jose Alberto Hernandez Maldonado
              • Votes:
                0 Vote for this issue
                Watchers:
                2 Start watching this issue

                Dates

                • Created:
                  Updated: