Payments which are made by the group should be pro-rated across the repayment schedules of the individual members.
Reason required: Information for clients. Clients often request statements that specify the amount of the loan that has been repaid, the amount outstanding, and how those amounts break down across the group members.
1) Loan repayment is made, and details are entered into system for the group loan via the "Apply payment" function
2) Payment made to group is then applied pro-rata across the individual loan schedules for the group loan. Any shortfall of payments are applied pro-rata as well. Interest for late payment is shared equally across the group members, and not pro-rated.
Why this ticket is still open?