To be clear, the collected CTT fees are always refunded back to the client?
I would recommend two options
1. You track the refund of the fees in your accounting system
2. You might just use a voluntary savings product with 0 interest for
recording these fees, then when you close the account, it would refund the
amount back to the client.
Ryan
On 9/17/10 10:42, "[email protected]"
<[email protected]> wrote:
> Dear all,
>
> To clarify on the requirements,
>
> CTT Fee is being charged as a re-fundable fee by the MFI as a percentage of
> the disbursement amount and is setup as a fee on the loan product. Hence this
> fee will be applicable for every loan which a client has. Now if a Client is
> dropped from the Organization, this fees needs to be refunded back to the
> client. ( Will have to sum up all the fees collected from the client during
> the lifetime ) and provide a single refund to the client.
>
> We are looking for approaches to handle this within MIFOS ? ( for the existing
> clients and the new clients who may be signed up). Any suggestions/pointers
> will be helpful?
>
> Thanks,
> Chetan
>
>
>
>
>
> From: Pradeep Ku. Panda [mailto:[email protected]]
> Sent: Thursday, September 16, 2010 9:43 AM
> To: A good place to start for users or folks new to Mifos.
> Subject: [Mifos-users] How to refund Fee ?
>
>
>
>
> Hi All,
>
>
> We design a Loan Product including two fees i.e. Loan processing Fee
> and CTT.
>
>
>
> As per our organisation policy the CTT fee should be refundable to the
> corresponding client, when the client left out the organisation.
>
>
>
> Can anybody help us, How we can refundable the CTT amount to the Client.
>
>
--
Ryan Whitney
Mifos Technical Program Manager
[email protected]
Mifos - Technology that Empowers Microfinance (www.mifos.org)
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