Hi, How to configure a loan product so that the client pays only interest.
Best regards, El El lun, 9.08.2021 a las 14:56, Francis Guchie <francisguc...@gmail.com> escribió: > 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 >> > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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