Many MFIs in Kenya and I believe around the world may decide to recover fees and loan repayments from Savings Accounts especially in default cases or a member of a group may exit and give instructions his/her savings transferred to another member.
The current practise which is supported by Mifos currently to achieve these tasks is by making a withdrawal then post to the other accounts manually. We have received numerous request if Mifos can have an option of doing direct transfer to different accounts and we think its very important to have this feature to make Mifos a better solution for Microfinance.
Hi Pawel ,
Excellent point !! Kindly add the functionality for it. I will add a use case for the scenario accordingly
I'm trying to track what of the transfer functionality we still need to work on for next release.
To confirm, you've already added savings to savings transfers but just for transfers to group and center accounts. We still need to add functionality to transfer to individual client savings accounts.
it is possible to transfer funds between individual clients as well.
Support for "Repay loan" screen added in commit d0d4ed460ff7bc7578e391ecb926f63b42d7376b
Verified on 12.06.2012
Generally, transfer of funds from one account to another works good but I found some issues which are reported in new tickets:
1. After adjusting full repayment (made by funds transfer from savings account), then savings account balance is not updated
2. No validation message when trying to apply full repayment with funds transfer from savings account and there are no enough balance
3. After transfering funds from one account to another, the withdrawal transaction type should be displayed as "Transfer for loan payments" / "Debit Transfer"
4. Display warning message "Account selected inactive, account will be reactivated" in red
Build Date: Tue Jun 12 02:13:03 PDT 2012
Build Number: hudson-head-i-release-archive-3