We are introducing a new interest type in mifos which would calculate
interest based on daily interest rate and will be applied during repayments.
The advantage to the customer would be that in case of early payment, the
excess payment will be adjusted towards the outstanding principle and the
inte
Ryan and all ,
I tried this by changing the config setting to 365 days. But it did not have
any impact on my repayment amounts. Not sure if this is one time setting which
needs to be done at the start of the MIFOS and does not have any impact if
changed later.
Can someone confirm the b
Miguel,
There is a configuration setting in Mifos to set the number of interest
bearing days to 360 or 365. Depending on how you set that configuration, it
should change how this feature calculates the interest.
Ryan
On 11/30/10 10:21 PM, "Miguel Jóia Santos"
wrote:
>
> Hi,
>
> At MIFOS
Pradeep,
My apologies. I didn¹t read your message carefully enough and didn¹t notice
that you want to move them from weekly to monthly. This is going to be a
lot more difficult as you can¹t change the frequency of meetings for
clients. The best you might be able to do is set the repayment to be
Binny,
At this time, I don¹t see how we would support this with savings. As you
stated, LSIM only works for loans. That being said, the only workaround I
can imagine would be to have the client¹s center meeting be set to the date
of the deposit instead which would make sense since that is what
Jessica,
Only way I could see to do this is a fee.
* Set the repayment using the grace period below.
* Make the loan product have zero interest rate
* Create a special fee due at time of disbursement equal to the interest
that is going to be collected Then the MFI would have to account that al
Gayl,
This is interesting. You are doing monthly loans correct? I have seen a
weird behavior before, especially near the end of the month, where months
get skipped. Essentially, however the schedule works out, a payment can't
fall on the expected date and there is no acceptable date afterwards,
Kay,
It¹s a general control that I think we should make optional. The idea would
be to force the data entry people to get the payments recorded within the
time allowed. For just that reason, if we did decide to make it optional we
might want to put more functionality around it (ie, if you have t
Vivian,
Government ID does not need to be mandatory. You can turn this off on the
admin tab, under "Define hidden/mandatory fields".
Ryan
On 11/9/10 6:52 AM, "Vivian Lu" wrote:
> Hi,
>
> I'm looking for a workaround for members that are missing information
> required for entry in Mifos. My c
Polly,
Something you might try (and I would test this heavily first) is making four
different collection sheet payments. For example
Open CSE and enter in first receipt, then zero out all accounts that weren¹t
deposited with that receipt.
Repeat with 2nd receipt (clients already paid on the prev
Pradeep,
I didn¹t see an answer to this question and just catching up on the mailing
list, hopefully this is not too late.
The procedure for doing what you describe is as follows
1. Close the account and mark as ³Closed-Rescheduled²
2. Open up a new loan for the client that covers the remainder o
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