No current automated process. :(
I would just record the deposits going forward and make note of it in your
accounting system. If need be, if you need to call out the specific
deposits as being something other than the client paying the fee, you could
create a new payment type, say ³Internal Transfer², so at least you could
track which transactions were related to that action.
Ryan
On 9/21/10 19:24, "Pradeep Ku. Panda" <[email protected]> wrote:
> 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]
>> <http://[email protected]> " <[email protected]
>> <http://[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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