Ryan,
Thanks for the valuable suggestions.
I believe the second option is suitable for us.
I need some clarity regarding the second option.
Is there any process available in mifos, so that we can transfer those CTT
fee to the Saving accounts respectively ?
On Fri, Sep 17, 2010 at 11:25 AM, Ryan Whitney <
[email protected]> wrote:
> 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]<[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)
> *Our mission is to enable the poor, especially the poorest, to create a
> world without poverty.
> <**http://grameenfoundation.org/take-action/ingenuity-fund-challenge/*>
> P please consider the environment before printing this e-mail.
>
>
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--
*Regards*
Pradeep Panda.
MIS Executive
Adhikar Microfinance Pvt. Ltd.
*Cell:* 09338430676
*Web*: www.adhikarindia.org
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