Payments which are made by the group should be pro-rated across the repayment schedules of the individual members

Description

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.

Workflow:

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.

Environment

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Activity

Show:
Jakub Sławiński
May 22, 2012, 1:50 PM

Why this ticket is still open?

Duplicate

Assignee

Unassigned

Reporter

Lukasz Chudy

Labels

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Implementation Priority

Must

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Team

Core

Epic

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productboard URL

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Man Day Estimate

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Components

Fix versions

Priority

Major