diff --git a/api/src/main/java/io/mifos/individuallending/api/v1/client/IndividualLending.java b/api/src/main/java/io/mifos/individuallending/api/v1/client/IndividualLending.java
index 7f378d5..c401122 100644
--- a/api/src/main/java/io/mifos/individuallending/api/v1/client/IndividualLending.java
+++ b/api/src/main/java/io/mifos/individuallending/api/v1/client/IndividualLending.java
@@ -18,13 +18,12 @@
 import io.mifos.core.api.util.CustomFeignClientsConfiguration;
 import io.mifos.individuallending.api.v1.domain.caseinstance.PlannedPayment;
 import io.mifos.individuallending.api.v1.domain.caseinstance.PlannedPaymentPage;
-import io.mifos.individuallending.api.v1.domain.product.LossProvisionStep;
+import io.mifos.individuallending.api.v1.domain.product.LossProvisionConfiguration;
 import io.mifos.portfolio.api.v1.domain.CasePage;
 import org.springframework.cloud.netflix.feign.FeignClient;
 import org.springframework.http.MediaType;
 import org.springframework.web.bind.annotation.*;
 
-import java.util.List;
 import java.util.stream.Stream;
 
 /**
@@ -35,22 +34,22 @@
 public interface IndividualLending {
 
   @RequestMapping(
-      value = "/individuallending/products/{productidentifier}/lossprovisionsteps",
+      value = "/individuallending/products/{productidentifier}/lossprovisionconfiguration",
       method = RequestMethod.PUT,
       produces = MediaType.ALL_VALUE,
       consumes = MediaType.APPLICATION_JSON_VALUE
   )
-  void setLossProvisionSteps(
+  void changeLossProvisionConfiguration(
       @PathVariable("productidentifier") final String productIdentifier,
-      @RequestBody List<LossProvisionStep> lossProvisionSteps);
+      @RequestBody LossProvisionConfiguration lossProvisionConfiguration);
 
   @RequestMapping(
-      value = "/individuallending/products/{productidentifier}/lossprovisionsteps",
+      value = "/individuallending/products/{productidentifier}/lossprovisionconfiguration",
       method = RequestMethod.GET,
       produces = MediaType.ALL_VALUE,
       consumes = MediaType.APPLICATION_JSON_VALUE
   )
-  List<LossProvisionStep> getAllLossProvisionSteps(
+  LossProvisionConfiguration getLossProvisionConfiguration(
       @PathVariable("productidentifier") final String productIdentifier);
 
   @RequestMapping(
diff --git a/api/src/main/java/io/mifos/individuallending/api/v1/domain/product/LossProvisionConfiguration.java b/api/src/main/java/io/mifos/individuallending/api/v1/domain/product/LossProvisionConfiguration.java
new file mode 100644
index 0000000..aa3707f
--- /dev/null
+++ b/api/src/main/java/io/mifos/individuallending/api/v1/domain/product/LossProvisionConfiguration.java
@@ -0,0 +1,62 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.individuallending.api.v1.domain.product;
+
+import io.mifos.portfolio.api.v1.validation.ValidLossProvisionList;
+
+import java.util.List;
+import java.util.Objects;
+
+@SuppressWarnings("WeakerAccess")
+public class LossProvisionConfiguration {
+  @ValidLossProvisionList
+  private List<LossProvisionStep> lossProvisionSteps;
+
+  public LossProvisionConfiguration() {
+  }
+
+  public LossProvisionConfiguration(List<LossProvisionStep> lossProvisionSteps) {
+    this.lossProvisionSteps = lossProvisionSteps;
+  }
+
+  public List<LossProvisionStep> getLossProvisionSteps() {
+    return lossProvisionSteps;
+  }
+
+  public void setLossProvisionSteps(List<LossProvisionStep> lossProvisionSteps) {
+    this.lossProvisionSteps = lossProvisionSteps;
+  }
+
+  @Override
+  public boolean equals(Object o) {
+    if (this == o) return true;
+    if (o == null || getClass() != o.getClass()) return false;
+    LossProvisionConfiguration that = (LossProvisionConfiguration) o;
+    return Objects.equals(lossProvisionSteps, that.lossProvisionSteps);
+  }
+
+  @Override
+  public int hashCode() {
+    return Objects.hash(lossProvisionSteps);
+  }
+
+  @Override
+  public String toString() {
+    return "LossProvisionConfiguration{" +
+        "lossProvisionSteps=" + lossProvisionSteps +
+        '}';
+  }
+}
diff --git a/api/src/main/java/io/mifos/individuallending/api/v1/events/IndividualLoanEventConstants.java b/api/src/main/java/io/mifos/individuallending/api/v1/events/IndividualLoanEventConstants.java
index 89e1e4f..6264e74 100644
--- a/api/src/main/java/io/mifos/individuallending/api/v1/events/IndividualLoanEventConstants.java
+++ b/api/src/main/java/io/mifos/individuallending/api/v1/events/IndividualLoanEventConstants.java
@@ -22,6 +22,7 @@
   String DESTINATION = "portfolio-v1";
   String SELECTOR_NAME = "action";
 
+  String PUT_LOSS_PROVISION_STEPS = "put-loss-provision-steps";
   String OPEN_INDIVIDUALLOAN_CASE = "open-individualloan-case";
   String DENY_INDIVIDUALLOAN_CASE = "deny-individualloan-case";
   String APPROVE_INDIVIDUALLOAN_CASE = "approve-individualloan-case";
@@ -34,6 +35,7 @@
   String CLOSE_INDIVIDUALLOAN_CASE = "close-individualloan-case";
   String RECOVER_INDIVIDUALLOAN_CASE = "recover-individualloan-case";
 
+  String SELECTOR_PUT_LOSS_PROVISION_STEPS = SELECTOR_NAME + " = '" + PUT_LOSS_PROVISION_STEPS + "'";
   String SELECTOR_OPEN_INDIVIDUALLOAN_CASE = SELECTOR_NAME + " = '" + OPEN_INDIVIDUALLOAN_CASE + "'";
   String SELECTOR_DENY_INDIVIDUALLOAN_CASE = SELECTOR_NAME + " = '" + DENY_INDIVIDUALLOAN_CASE + "'";
   String SELECTOR_APPROVE_INDIVIDUALLOAN_CASE = SELECTOR_NAME + " = '" + APPROVE_INDIVIDUALLOAN_CASE + "'";
@@ -45,4 +47,4 @@
   String SELECTOR_WRITE_OFF_INDIVIDUALLOAN_CASE = SELECTOR_NAME + " = '" + WRITE_OFF_INDIVIDUALLOAN_CASE + "'";
   String SELECTOR_CLOSE_INDIVIDUALLOAN_CASE = SELECTOR_NAME + " = '" + CLOSE_INDIVIDUALLOAN_CASE + "'";
   String SELECTOR_RECOVER_INDIVIDUALLOAN_CASE = SELECTOR_NAME + " = '" + RECOVER_INDIVIDUALLOAN_CASE + "'";
-}
+}
\ No newline at end of file
diff --git a/api/src/main/java/io/mifos/portfolio/api/v1/validation/CheckValidLossProvisionList.java b/api/src/main/java/io/mifos/portfolio/api/v1/validation/CheckValidLossProvisionList.java
new file mode 100644
index 0000000..3085033
--- /dev/null
+++ b/api/src/main/java/io/mifos/portfolio/api/v1/validation/CheckValidLossProvisionList.java
@@ -0,0 +1,44 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.portfolio.api.v1.validation;
+
+import io.mifos.individuallending.api.v1.domain.product.LossProvisionStep;
+
+import javax.validation.ConstraintValidator;
+import javax.validation.ConstraintValidatorContext;
+import java.math.BigDecimal;
+import java.util.List;
+
+/**
+ * @author Myrle Krantz
+ */
+public class CheckValidLossProvisionList implements ConstraintValidator<ValidLossProvisionList, List<LossProvisionStep>> {
+  @Override
+  public void initialize(ValidLossProvisionList constraintAnnotation) {
+
+  }
+
+  @Override
+  public boolean isValid(
+      final List<LossProvisionStep> value,
+      final ConstraintValidatorContext context) {
+    final BigDecimal sum = value.stream()
+        .map(LossProvisionStep::getPercentProvision)
+        .map(x -> x.setScale(2, BigDecimal.ROUND_HALF_EVEN))
+        .reduce(BigDecimal.ZERO, BigDecimal::add);
+    return sum.compareTo(BigDecimal.valueOf(100_00, 2)) == 0;
+  }
+}
\ No newline at end of file
diff --git a/api/src/main/java/io/mifos/portfolio/api/v1/validation/ValidLossProvisionList.java b/api/src/main/java/io/mifos/portfolio/api/v1/validation/ValidLossProvisionList.java
new file mode 100644
index 0000000..4e4fb44
--- /dev/null
+++ b/api/src/main/java/io/mifos/portfolio/api/v1/validation/ValidLossProvisionList.java
@@ -0,0 +1,38 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.portfolio.api.v1.validation;
+
+import javax.validation.Constraint;
+import javax.validation.Payload;
+import java.lang.annotation.*;
+
+/**
+ * @author Myrle Krantz
+ */
+@SuppressWarnings("unused")
+@Target({ElementType.FIELD, ElementType.METHOD, ElementType.PARAMETER})
+@Retention(RetentionPolicy.RUNTIME)
+@Documented
+@Constraint(
+    validatedBy = {CheckValidLossProvisionList.class}
+)
+public @interface ValidLossProvisionList {
+  String message() default "Loss provision percents should sum to 100.";
+
+  Class<?>[] groups() default {};
+
+  Class<? extends Payload>[] payload() default {};
+}
diff --git a/api/src/test/java/io/mifos/individuallending/api/v1/domain/product/LossProvisionConfigurationTest.java b/api/src/test/java/io/mifos/individuallending/api/v1/domain/product/LossProvisionConfigurationTest.java
new file mode 100644
index 0000000..ba6e24b
--- /dev/null
+++ b/api/src/test/java/io/mifos/individuallending/api/v1/domain/product/LossProvisionConfigurationTest.java
@@ -0,0 +1,66 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.individuallending.api.v1.domain.product;
+
+import io.mifos.core.test.domain.ValidationTest;
+import io.mifos.core.test.domain.ValidationTestCase;
+import org.junit.runners.Parameterized;
+
+import java.math.BigDecimal;
+import java.util.ArrayList;
+import java.util.Collection;
+import java.util.Collections;
+import java.util.List;
+
+public class LossProvisionConfigurationTest extends ValidationTest<LossProvisionConfiguration> {
+
+  public LossProvisionConfigurationTest(ValidationTestCase<LossProvisionConfiguration> testCase) {
+    super(testCase);
+  }
+
+  @Override
+  protected LossProvisionConfiguration createValidTestSubject() {
+    final LossProvisionConfiguration ret = new LossProvisionConfiguration();
+    final List<LossProvisionStep> lossProvisionSteps = new ArrayList<>();
+    lossProvisionSteps.add(new LossProvisionStep(0, BigDecimal.ONE));
+    lossProvisionSteps.add(new LossProvisionStep(1, BigDecimal.valueOf(9)));
+    lossProvisionSteps.add(new LossProvisionStep(10, BigDecimal.valueOf(20)));
+    lossProvisionSteps.add(new LossProvisionStep(50, BigDecimal.valueOf(70)));
+    ret.setLossProvisionSteps(lossProvisionSteps);
+    return ret;
+  }
+
+  @Parameterized.Parameters
+  public static Collection testCases() {
+    final Collection<ValidationTestCase> ret = new ArrayList<>();
+
+    ret.add(new ValidationTestCase<LossProvisionConfiguration>("valid"));
+    ret.add(new ValidationTestCase<LossProvisionConfiguration>("emptyList")
+        .adjustment(x -> x.setLossProvisionSteps(Collections.emptyList()))
+        .valid(false));
+    ret.add(new ValidationTestCase<LossProvisionConfiguration>("nullList")
+        .adjustment(x -> x.setLossProvisionSteps(Collections.emptyList()))
+        .valid(false));
+    ret.add(new ValidationTestCase<LossProvisionConfiguration>("sumTooSmall")
+        .adjustment(x -> x.getLossProvisionSteps().get(0).setPercentProvision(BigDecimal.valueOf(0.1)))
+        .valid(false));
+    ret.add(new ValidationTestCase<LossProvisionConfiguration>("sumTooLarge")
+        .adjustment(x -> x.getLossProvisionSteps().get(3).setPercentProvision(BigDecimal.valueOf(71)))
+        .valid(false));
+
+    return ret;
+  }
+}
\ No newline at end of file
diff --git a/component-test/src/main/java/io/mifos/portfolio/TestLossProvisionSteps.java b/component-test/src/main/java/io/mifos/portfolio/TestLossProvisionSteps.java
new file mode 100644
index 0000000..f86ef33
--- /dev/null
+++ b/component-test/src/main/java/io/mifos/portfolio/TestLossProvisionSteps.java
@@ -0,0 +1,48 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.portfolio;
+
+import io.mifos.individuallending.api.v1.domain.product.LossProvisionConfiguration;
+import io.mifos.individuallending.api.v1.domain.product.LossProvisionStep;
+import io.mifos.individuallending.api.v1.events.IndividualLoanEventConstants;
+import io.mifos.portfolio.api.v1.domain.Product;
+import org.junit.Assert;
+import org.junit.Test;
+
+import java.math.BigDecimal;
+import java.util.ArrayList;
+import java.util.List;
+
+/**
+ * @author Myrle Krantz
+ */
+public class TestLossProvisionSteps extends AbstractPortfolioTest {
+  @Test
+  public void shouldChangeAndGetLossProvisionSteps() throws InterruptedException {
+    final Product product = createAdjustedProduct(x -> {});
+    final List<LossProvisionStep> lossProvisionSteps = new ArrayList<>();
+    lossProvisionSteps.add(new LossProvisionStep(0, BigDecimal.valueOf(1_00, 2)));
+    lossProvisionSteps.add(new LossProvisionStep(1, BigDecimal.valueOf(9_00, 2)));
+    lossProvisionSteps.add(new LossProvisionStep(30, BigDecimal.valueOf(35_00, 2)));
+    lossProvisionSteps.add(new LossProvisionStep(60, BigDecimal.valueOf(55_00, 2)));
+    final LossProvisionConfiguration lossProvisionConfiguration = new LossProvisionConfiguration(lossProvisionSteps);
+    individualLending.changeLossProvisionConfiguration(product.getIdentifier(), lossProvisionConfiguration);
+
+    Assert.assertTrue(eventRecorder.wait(IndividualLoanEventConstants.PUT_LOSS_PROVISION_STEPS, product.getIdentifier()));
+    final LossProvisionConfiguration lossProvisionConfigurationAsSaved = individualLending.getLossProvisionConfiguration(product.getIdentifier());
+    Assert.assertEquals(lossProvisionConfiguration, lossProvisionConfigurationAsSaved);
+  }
+}
\ No newline at end of file
diff --git a/component-test/src/main/java/io/mifos/portfolio/TestSuite.java b/component-test/src/main/java/io/mifos/portfolio/TestSuite.java
index 44d8cc3..0be9417 100644
--- a/component-test/src/main/java/io/mifos/portfolio/TestSuite.java
+++ b/component-test/src/main/java/io/mifos/portfolio/TestSuite.java
@@ -32,7 +32,8 @@
     TestPatterns.class,
     TestProducts.class,
     TestTaskDefinitions.class,
-    TestTaskInstances.class
+    TestTaskInstances.class,
+    TestLossProvisionSteps.class
 })
 public class TestSuite extends SuiteTestEnvironment {
 }
diff --git a/component-test/src/main/java/io/mifos/portfolio/listener/LossProvisionStepsEventListener.java b/component-test/src/main/java/io/mifos/portfolio/listener/LossProvisionStepsEventListener.java
new file mode 100644
index 0000000..b6bc1c4
--- /dev/null
+++ b/component-test/src/main/java/io/mifos/portfolio/listener/LossProvisionStepsEventListener.java
@@ -0,0 +1,51 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.portfolio.listener;
+
+import io.mifos.core.lang.config.TenantHeaderFilter;
+import io.mifos.core.test.listener.EventRecorder;
+import io.mifos.individuallending.api.v1.events.IndividualLoanEventConstants;
+import org.springframework.beans.factory.annotation.Autowired;
+import org.springframework.jms.annotation.JmsListener;
+import org.springframework.messaging.handler.annotation.Header;
+import org.springframework.stereotype.Component;
+
+/**
+ * @author Myrle Krantz
+ */
+@SuppressWarnings("unused")
+@Component
+public class LossProvisionStepsEventListener {
+  private final EventRecorder eventRecorder;
+
+  @Autowired
+  public LossProvisionStepsEventListener(final EventRecorder eventRecorder) {
+    super();
+    this.eventRecorder = eventRecorder;
+  }
+
+  @JmsListener(
+      subscription = IndividualLoanEventConstants.DESTINATION,
+      destination = IndividualLoanEventConstants.DESTINATION,
+      selector = IndividualLoanEventConstants.SELECTOR_PUT_LOSS_PROVISION_STEPS
+  )
+  public void onChangeLossProvisionSteps(
+      @Header(TenantHeaderFilter.TENANT_HEADER) final String tenant,
+      final String payload)
+  {
+    this.eventRecorder.event(tenant, IndividualLoanEventConstants.PUT_LOSS_PROVISION_STEPS, payload, String.class);
+  }
+}
\ No newline at end of file
diff --git a/service/src/main/java/io/mifos/individuallending/internal/command/ChangeLossProvisionSteps.java b/service/src/main/java/io/mifos/individuallending/internal/command/ChangeLossProvisionSteps.java
index 13419dc..7468b78 100644
--- a/service/src/main/java/io/mifos/individuallending/internal/command/ChangeLossProvisionSteps.java
+++ b/service/src/main/java/io/mifos/individuallending/internal/command/ChangeLossProvisionSteps.java
@@ -15,19 +15,33 @@
  */
 package io.mifos.individuallending.internal.command;
 
-import io.mifos.individuallending.api.v1.domain.product.LossProvisionStep;
-
-import java.util.List;
+import io.mifos.individuallending.api.v1.domain.product.LossProvisionConfiguration;
 
 /**
  * @author Myrle Krantz
  */
 public class ChangeLossProvisionSteps {
   private final String productIdentifier;
-  private final List<LossProvisionStep> lossProvisionSteps;
+  private final LossProvisionConfiguration lossProvisionConfiguration;
 
-  public ChangeLossProvisionSteps(String productIdentifier, List<LossProvisionStep> lossProvisionSteps) {
+  public ChangeLossProvisionSteps(String productIdentifier, LossProvisionConfiguration lossProvisionConfiguration) {
     this.productIdentifier = productIdentifier;
-    this.lossProvisionSteps = lossProvisionSteps;
+    this.lossProvisionConfiguration = lossProvisionConfiguration;
+  }
+
+  public String getProductIdentifier() {
+    return productIdentifier;
+  }
+
+  public LossProvisionConfiguration getLossProvisionConfiguration() {
+    return lossProvisionConfiguration;
+  }
+
+  @Override
+  public String toString() {
+    return "ChangeLossProvisionSteps{" +
+        "productIdentifier='" + productIdentifier + '\'' +
+        ", lossProvisionConfiguration=" + lossProvisionConfiguration +
+        '}';
   }
 }
diff --git a/service/src/main/java/io/mifos/individuallending/internal/command/handler/IndividualLoanCommandHandler.java b/service/src/main/java/io/mifos/individuallending/internal/command/handler/IndividualLoanCommandHandler.java
index 46f7689..23f313f 100644
--- a/service/src/main/java/io/mifos/individuallending/internal/command/handler/IndividualLoanCommandHandler.java
+++ b/service/src/main/java/io/mifos/individuallending/internal/command/handler/IndividualLoanCommandHandler.java
@@ -38,7 +38,6 @@
 import io.mifos.portfolio.api.v1.domain.AccountAssignment;
 import io.mifos.portfolio.api.v1.domain.Case;
 import io.mifos.portfolio.api.v1.domain.CostComponent;
-import io.mifos.portfolio.api.v1.events.EventConstants;
 import io.mifos.portfolio.service.internal.mapper.CaseMapper;
 import io.mifos.portfolio.service.internal.repository.*;
 import io.mifos.portfolio.service.internal.util.AccountingAdapter;
@@ -118,7 +117,7 @@
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
   @EventEmitter(
-      selectorName = EventConstants.SELECTOR_NAME,
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
       selectorValue = IndividualLoanEventConstants.OPEN_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final OpenCommand command) {
     final String productIdentifier = command.getProductIdentifier();
@@ -165,7 +164,7 @@
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
   @EventEmitter(
-      selectorName = EventConstants.SELECTOR_NAME,
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
       selectorValue = IndividualLoanEventConstants.DENY_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final DenyCommand command) {
     final String productIdentifier = command.getProductIdentifier();
@@ -224,7 +223,7 @@
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
   @EventEmitter(
-      selectorName = EventConstants.SELECTOR_NAME,
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
       selectorValue = IndividualLoanEventConstants.APPROVE_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final ApproveCommand command) throws InterruptedException
   {
@@ -306,7 +305,7 @@
 
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
-  @EventEmitter(selectorName = EventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.DISBURSE_INDIVIDUALLOAN_CASE)
+  @EventEmitter(selectorName = IndividualLoanEventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.DISBURSE_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final DisburseCommand command) {
     final String productIdentifier = command.getProductIdentifier();
     final String caseIdentifier = command.getCaseIdentifier();
@@ -368,7 +367,7 @@
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
   @EventEmitter(
-      selectorName = EventConstants.SELECTOR_NAME,
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
       selectorValue = IndividualLoanEventConstants.APPLY_INTEREST_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final ApplyInterestCommand command) {
     final String productIdentifier = command.getProductIdentifier();
@@ -411,7 +410,7 @@
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
   @EventEmitter(
-      selectorName = EventConstants.SELECTOR_NAME,
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
       selectorValue = IndividualLoanEventConstants.ACCEPT_PAYMENT_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final AcceptPaymentCommand command) {
     final String productIdentifier = command.getProductIdentifier();
@@ -462,7 +461,7 @@
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
   @EventEmitter(
-      selectorName = EventConstants.SELECTOR_NAME,
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
       selectorValue = IndividualLoanEventConstants.MARK_LATE_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final MarkLateCommand command) {
     final String productIdentifier = command.getProductIdentifier();
@@ -509,7 +508,7 @@
 
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
-  @EventEmitter(selectorName = EventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.WRITE_OFF_INDIVIDUALLOAN_CASE)
+  @EventEmitter(selectorName = IndividualLoanEventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.WRITE_OFF_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final WriteOffCommand command) {
     final String productIdentifier = command.getProductIdentifier();
     final String caseIdentifier = command.getCaseIdentifier();
@@ -555,7 +554,7 @@
 
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
-  @EventEmitter(selectorName = EventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.CLOSE_INDIVIDUALLOAN_CASE)
+  @EventEmitter(selectorName = IndividualLoanEventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.CLOSE_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final CloseCommand command) {
     final String productIdentifier = command.getProductIdentifier();
     final String caseIdentifier = command.getCaseIdentifier();
@@ -592,7 +591,7 @@
 
   @Transactional
   @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
-  @EventEmitter(selectorName = EventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.RECOVER_INDIVIDUALLOAN_CASE)
+  @EventEmitter(selectorName = IndividualLoanEventConstants.SELECTOR_NAME, selectorValue = IndividualLoanEventConstants.RECOVER_INDIVIDUALLOAN_CASE)
   public IndividualLoanCommandEvent process(final RecoverCommand command) {
     final String productIdentifier = command.getProductIdentifier();
     final String caseIdentifier = command.getCaseIdentifier();
diff --git a/service/src/main/java/io/mifos/individuallending/internal/command/handler/LossProvisionStepsCommandHandler.java b/service/src/main/java/io/mifos/individuallending/internal/command/handler/LossProvisionStepsCommandHandler.java
new file mode 100644
index 0000000..31cd9d8
--- /dev/null
+++ b/service/src/main/java/io/mifos/individuallending/internal/command/handler/LossProvisionStepsCommandHandler.java
@@ -0,0 +1,68 @@
+/*
+ * Copyright 2017 Kuelap, Inc.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *    http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package io.mifos.individuallending.internal.command.handler;
+
+import io.mifos.core.command.annotation.Aggregate;
+import io.mifos.core.command.annotation.CommandHandler;
+import io.mifos.core.command.annotation.CommandLogLevel;
+import io.mifos.core.command.annotation.EventEmitter;
+import io.mifos.core.lang.ServiceException;
+import io.mifos.individuallending.api.v1.events.IndividualLoanEventConstants;
+import io.mifos.individuallending.internal.command.ChangeLossProvisionSteps;
+import io.mifos.individuallending.internal.mapper.LossProvisionStepMapper;
+import io.mifos.individuallending.internal.repository.LossProvisionStepEntity;
+import io.mifos.individuallending.internal.repository.LossProvisionStepRepository;
+import io.mifos.portfolio.service.internal.repository.ProductEntity;
+import io.mifos.portfolio.service.internal.repository.ProductRepository;
+import org.springframework.beans.factory.annotation.Autowired;
+import org.springframework.transaction.annotation.Transactional;
+
+import java.util.stream.Stream;
+
+
+/**
+ * @author Myrle Krantz
+ */
+@Aggregate
+public class LossProvisionStepsCommandHandler {
+  private final LossProvisionStepRepository lossProvisionStepRepository;
+  private final ProductRepository productRepository;
+
+  @Autowired
+  public LossProvisionStepsCommandHandler(
+      final LossProvisionStepRepository lossProvisionStepRepository,
+      final ProductRepository productRepository) {
+    this.lossProvisionStepRepository = lossProvisionStepRepository;
+    this.productRepository = productRepository;
+  }
+
+  @Transactional
+  @CommandHandler(logStart = CommandLogLevel.INFO, logFinish = CommandLogLevel.INFO)
+  @EventEmitter(
+      selectorName = IndividualLoanEventConstants.SELECTOR_NAME,
+      selectorValue = IndividualLoanEventConstants.PUT_LOSS_PROVISION_STEPS)
+  public String process(final ChangeLossProvisionSteps command) {
+    final ProductEntity productEntity = productRepository.findByIdentifier(command.getProductIdentifier())
+        .orElseThrow(() -> ServiceException.notFound("Product not found ''{0}''.", command.getProductIdentifier()));
+    final Stream<LossProvisionStepEntity> lossProvisionSteps = lossProvisionStepRepository.findByProductId(productEntity.getId());
+    lossProvisionSteps.forEach(lossProvisionStepRepository::delete);
+    command.getLossProvisionConfiguration().getLossProvisionSteps().stream()
+        .map(lossProvisionStep -> LossProvisionStepMapper.map(productEntity.getId(), lossProvisionStep))
+        .forEach(lossProvisionStepRepository::save);
+
+    return command.getProductIdentifier();
+  }
+}
\ No newline at end of file
diff --git a/service/src/main/java/io/mifos/individuallending/internal/service/LossProvisionStepService.java b/service/src/main/java/io/mifos/individuallending/internal/service/LossProvisionStepService.java
index a079ecf..d07df7d 100644
--- a/service/src/main/java/io/mifos/individuallending/internal/service/LossProvisionStepService.java
+++ b/service/src/main/java/io/mifos/individuallending/internal/service/LossProvisionStepService.java
@@ -23,6 +23,8 @@
 import org.springframework.beans.factory.annotation.Autowired;
 import org.springframework.stereotype.Service;
 
+import java.math.BigDecimal;
+import java.util.Arrays;
 import java.util.List;
 import java.util.Optional;
 import java.util.stream.Collectors;
@@ -32,6 +34,12 @@
  */
 @Service
 public class LossProvisionStepService {
+  private final static List<LossProvisionStep> DEFAULT_LOSS_PROVISION_STEPS = Arrays.asList(
+      new LossProvisionStep(0, BigDecimal.ONE),
+      new LossProvisionStep(1, BigDecimal.valueOf(9)),
+      new LossProvisionStep(30, BigDecimal.valueOf(30)),
+      new LossProvisionStep(60, BigDecimal.valueOf(60)));
+
   private final ProductRepository productRepository;
   private final LossProvisionStepRepository lossProvisionStepRepository;
 
@@ -54,8 +62,12 @@
     final Long productId = productRepository.findByIdentifier(productIdentifier)
         .orElseThrow(() -> ServiceException.notFound("Product ''{}'' doesn''t exist.", productIdentifier))
         .getId();
-    return lossProvisionStepRepository.findByProductId(productId)
+    final List<LossProvisionStep> ret = lossProvisionStepRepository.findByProductId(productId)
         .map(LossProvisionStepMapper::map)
         .collect(Collectors.toList());
+    if (!ret.isEmpty())
+      return ret;
+    else
+      return DEFAULT_LOSS_PROVISION_STEPS;
   }
 }
\ No newline at end of file
diff --git a/service/src/main/java/io/mifos/individuallending/rest/LossProvisionStepRestController.java b/service/src/main/java/io/mifos/individuallending/rest/LossProvisionStepRestController.java
index c2d0d0d..24dc64b 100644
--- a/service/src/main/java/io/mifos/individuallending/rest/LossProvisionStepRestController.java
+++ b/service/src/main/java/io/mifos/individuallending/rest/LossProvisionStepRestController.java
@@ -19,7 +19,7 @@
 import io.mifos.anubis.annotation.Permittable;
 import io.mifos.core.command.gateway.CommandGateway;
 import io.mifos.core.lang.ServiceException;
-import io.mifos.individuallending.api.v1.domain.product.LossProvisionStep;
+import io.mifos.individuallending.api.v1.domain.product.LossProvisionConfiguration;
 import io.mifos.individuallending.internal.command.ChangeLossProvisionSteps;
 import io.mifos.individuallending.internal.service.LossProvisionStepService;
 import io.mifos.portfolio.api.v1.PermittableGroupIds;
@@ -31,13 +31,12 @@
 import org.springframework.web.bind.annotation.*;
 
 import javax.validation.Valid;
-import java.util.List;
 
 /**
  * @author Myrle Krantz
  */
 @RestController
-@RequestMapping("/individuallending/products/{productidentifier}/cases/lossprovisionsteps")
+@RequestMapping("/individuallending/products/{productidentifier}/lossprovisionconfiguration")
 public class LossProvisionStepRestController {
   private final CommandGateway commandGateway;
   private final ProductService productService;
@@ -60,12 +59,12 @@
       produces = MediaType.APPLICATION_JSON_VALUE)
   public @ResponseBody
   ResponseEntity<Void>
-  setLossProvisionSteps(
+  changeLossProvisionConfiguration(
       @PathVariable("productidentifier") final String productIdentifier,
-      @RequestBody @Valid List<LossProvisionStep> lossProvisionSteps) {
+      @RequestBody @Valid LossProvisionConfiguration lossProvisionConfiguration) {
     checkProductExists(productIdentifier);
 
-    commandGateway.process(new ChangeLossProvisionSteps(productIdentifier, lossProvisionSteps));
+    commandGateway.process(new ChangeLossProvisionSteps(productIdentifier, lossProvisionConfiguration));
 
     return new ResponseEntity<>(HttpStatus.ACCEPTED);
   }
@@ -77,12 +76,12 @@
       produces = MediaType.APPLICATION_JSON_VALUE
   )
   public @ResponseBody
-  List<LossProvisionStep>
-  getAllLossProvisionSteps(
+  LossProvisionConfiguration
+  getLossProvisionConfiguration(
       @PathVariable("productidentifier") final String productIdentifier) {
     checkProductExists(productIdentifier);
 
-    return lossProvisionStepService.findByProductIdentifier(productIdentifier);
+    return new LossProvisionConfiguration(lossProvisionStepService.findByProductIdentifier(productIdentifier));
   }
 
   private void checkProductExists(@PathVariable("productidentifier") String productIdentifier) {