Hi Sam, I guess it will be helpful for us if you also provide information (screenshot) about your expected output. In any case, are you looking to have below values?
Date Days Disbursement Principal Balance Principal Due Interest Due Fees Penalty Due 12 December 2019 300,000 300,000 0 0 1 19 December 2019 7 275,000 25,000 3,461.54 0 28,461.54 2 26 December 2019 7 250,000 25,000 3,461.54 0 28,461.54 3 02 January 2020 7 225,000 25,000 3,461.54 0 28,461.54 4 09 January 2020 7 200,000 25,000 3,461.54 0 28,461.54 5 16 January 2020 7 175,000 25,000 3,461.54 0 28,461.54 6 23 January 2020 7 150,000 25,000 3,461.54 0 28,461.54 7 30 January 2020 7 125,000 25,000 3,461.54 0 28,461.54 8 06 February 2020 7 100,000 25,000 3,461.54 0 28,461.54 9 13 February 2020 7 75,000 25,000 3,461.54 0 28,461.54 10 20 February 2020 7 50,000 25,000 3,461.54 0 28,461.54 11 27 February 2020 7 25,000 25,000 3,461.54 0 28,461.54 12 05 March 2020 7 0 25,000 3,461.52 0 28,461.52 Total 84 300,000 300,000 41,538.46 0 341,538.46 If yes, then on the loan product creation have you tried setting the days in year and days in month both to *actual*? Regards, Jun King P. Miñon Consultant Software Engineer Core Banking Solutions On Thu, Dec 12, 2019 at 8:12 PM Matanda Samuel <mimatv...@gmail.com> wrote: > Hi am trying to setup mifos x loan product that is repaid weekly but > given the calculation by the system its giving me less interest as compared > to what the actual should be and yet when i set repayment to monthly the > calculations turn out to be correct > example 1 > Ronah takes loan of 300,000ugx at 5% per month for 3 months but has to pay > back every week > > AND below is what the system is calculating yet 5% of 300,000 ugx by > weekly which is wrong what > [image: image.png] > > > i need help on this issue > > [image: top image] > Samuel Matanda > Network /Systems Administrator IT CONSULTANT / UGANDA > mimatv...@gmail.com > mobile: + 256394828579 | phone: + 256772074604 > > [image: bottom image] > IT CONSULTANT / UGANDA > > Please consider the environment before printing ...this campaign is run by > Environment friends like you and me please join the campaign > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users > -- PEARLPAY INC. 2nd Floor, 22 The Jupiter Center, Jupiter Street, Makati, 1209 Metro Manila, Philippines https://www.pearlpay.com <https://www.pearlpay.com> https://www.linkedin.com/company/pearlpay <https://www.linkedin.com/company/pearlpay> https://www.facebook.com/PearlPayOFFICIAL <https://www.facebook.com/PearlPayOFFICIAL/> This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the system manager. This message contains confidential information and is intended only for the individual named. If you are not the named addressee you should not disseminate, distribute or copy this e-mail. Please notify the sender immediately by e-mail if you have received this e-mail by mistake and delete this e-mail from your system. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. WARNING: Computer viruses can be transmitted via email. The recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email. E-mail transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of e-mail transmission. Our company accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. Any views or opinions presented in this email are solely those of the author and do not necessarily represent those of the company. Employees of the company are expressly required not to make defamatory statements and not to infringe or authorize any infringement of copyright or any other legal right by email communications. Any such communication is contrary to company policy and outside the scope of the employment of the individual concerned. The company will not accept any liability in respect of such communication, and the employee responsible will be personally liable for any damages or other liability arising.
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