Dear all,
I am facing a problem while creating weekly loans.
The loan amount is Rs. 10,000 with 50 weeks repayments. So each installment
amount should be 200+20=220 (pri+int) but in mifos it shows 199.8+19.2=219.
The same problem is happening for 7000 or any loan amount.
The cause of the problem I noticed is due to the year is taken as 365 days,
i.e. 52 weeks.
But I require the above desired installment. Please help how to resolve this
issue.
--
Thanks & Regards
------------------------------------------------------
Dusmant Kumar Sahu
Programmer Executive MIS
Adhikar Microfinance Pvt. Ltd.
Corporate Office
Bhubaneshwar, Orissa.
Cell: 9338430676
e-Mail: [email protected]
http://sites.google.com/a/adhikarindia.org/dusmant/
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