Dear Simon, Feel free to call me when you have time. Some of these issues are solved faster that way
My Kind Regards Francis Guchie Kirago *Skype:* francisguchie *Telegram: *232 79 19 44 07 *Whatsapp: *232 79 19 44 07 *LINKEDIN:* https://www.linkedin.com/in/francis-guchie-kirago-a4379617/ twitter: @FrancisGuchie On Mon, Aug 9, 2021 at 1:31 AM Mnzava Simon <mnzavasimo...@gmail.com> wrote: > Thank you Francis Guchie, but the results I get are not the same as > required. Interest suppose to be 280,000 per six months, and yours is > 259,999.99 > > On Mon, Aug 9, 2021 at 2:11 AM Francis Guchie <francisguc...@gmail.com> > wrote: > >> Simon, >> >> This is how u do it see image below is the process >> Loan term 7months >> No of repayments 6 months >> Repaid every 1 months >> >> First repayment date is the time u want clients to start paying >> >> On Sun, Aug 8, 2021, 8:40 AM Mnzava Simon <mnzavasimo...@gmail.com> >> wrote: >> >>> Hope you are doing well Guys!. >>> Sorry Guys, First email I was wrong, this is the right explanation. >>> >>> I am configuring a loan product in Mifos 21 but I fail somewhere finding >>> that the interest calculation is not the same as we expected. >>> for example, Our calculation is, Principle = 4,000,000 Interest per 6 >>> month = 6.5%. >>> The formula is 4,000,000 x (6+1) / 100. According to the formula the >>> interest per six month will be 280,000. >>> 6 = loan term >>> 1 = addition of one month >>> 4,000,000 = Principal >>> What I can do to have such a result. Please help is so important >>> _______________________________________________ >>> Mifos-users mailing list >>> Mifos-users@lists.sourceforge.net >>> https://lists.sourceforge.net/lists/listinfo/mifos-users >>> >> _______________________________________________ >> Mifos-users mailing list >> Mifos-users@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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