Hello,
There is a possible work around to achieve this with below mentioned
conditions:-
You could use Savings product:
>> Provide lock-in period as 8 months, so that the withdrawals are not
allowed.
>> Interest posting, you could set as every monthly. Note interest
calculations will be on deposited amount + posted interest.
>> For rate of interest - There is no flexibility for changing the rate of
interest. Provided interest rate will be applicable till the completion of
the term. If you could set a fixed rate of interest then you could give a
try otherwise this may not work for you.
Could you please raise this as an enhancement in Jira.
https://mifosforge.jira.com/projects/MIFOSX/issues, Someone from the
community may take it and do the needful. Or if you are a technical person
or have technical team, you could always do the enhancements and give it
back to the community.
https://mifosforge.jira.com/wiki/display/MDZ/Getting+started
Thanks,
Sangamesh
On Mon, Mar 7, 2016 at 1:27 PM, basstone <basston...@gmail.com> wrote:
> We are using Mifosx 16.01.2 in Our Sacco and We want to create a
> Saving/Recurring product, but we tried in Mifosx, it is not working.
>
> And below is the scenario details of the Saving/Recurring Product to be
> created:
>
>
> A Sacco member who has Saving/Recurring Deposit account He/She is eligible
> to receive profit (interest) only if every end of the month her account has
> not less than shs. 50,000 in a period of Eight months. Since the profits
> (Interests) are distributed after eight months. And the interest amount is
> between 3% to 8% this depends with the yearly income of the Sacco.
>
> Can any one help Us how this scenario can be done in mifosx?
>
> We real appreciate for any support!
>
> Basstone!
>
>
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