Update Mifos User Manual with Documentation for GLIM Pro-Rated Repayments
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Lukasz Chudy June 28, 2012 at 7:39 AM
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Created May 22, 2012 at 9:50 PM
Updated September 3, 2012 at 7:36 AM
Resolved June 28, 2012 at 7:39 AM
As the second functional enhancement to round out Group Lending with Individual Monitoring, Mifos now supports the pro-rating of payments based on the original ratio in which the loan was allocated.
A good test loan is: GLIM Loan # 000100000000166
For the transactions applied on 22/5/2012 (a total payment of 7000) you can see that the payment has been applied pro-rata to the three individuals. $4000 to the client whose original loan was $8000, $1000 to the client whose original loan was $2000, and $2000 to the client whose original loan was $4000.
Within the Introduction to Loan Accounts Chapter, under the GLIM heading (http://en.flossmanuals.net/mifos-user-manual/introduction-to-loan-accounts/#glim), add the following:
1) Explain that now with the creation of a Group Loan with GLIM activated, when payment are applied, they're pro-rated according to the individual repayment schedules.
2) Show 1 screenshot of transaction applied.
2) Show 1 screenshot(s) showing the payment has been pro-rated appropriately across the GLIM clients.