Simon,
I'm forwarding this to the mifos-users mailing list so others in the
community can respond to assist you with responses. So to confirm, the MFI
that you are implementing Mifos has loans in which they calculate interest
on a daily basis but compound it every thirty days.
How often do repayments take place? Do you have a sample repayment schedule
for one of these loans that you could share?
It would be helpful to walk through a detailed scenario.
Ed
On Mon, Nov 26, 2012 at 12:01 AM, Simon Ndungu <kagar...@yahoo.com> wrote:
> Dear Ed,
> Am implementing mifos in a microfinance institution for the poor and
> one of the primary requirements is daily loan interest calculation and
> after 30 days(one month) it's compunded. I did not find this feature in
> mifos. Advice me what to do.
>
>
> Regards,
> Simon.
>
--
*Ed Cable*
Mifos Community Manager
Director of Community Programs, The Community for Open Source Microfinance
edca...@openmf.org | Skype: edcable | Mobile: 484.477.8649
*Collectively Creating a World of 3 Billion Maries |
*http://openmf.org <http://on.fb.me/cosm-openmf>
* * <http://www.twitter.com/mifos>
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