[Mifos-users] REMINDER: Mifos User Meetup today, Thursday, July 24 at 1530GMT - GSOC demos, summit updates

2014-07-24 Thread Ed Cable
Hi all, A reminder that we will have our user meetup today at it's usual time of 1530GMT. Since we didn't cover it at the last meeting, we will give an overview of the new website, cover updates to the user manual, and answer any questions about the upcoming Mifos Summit. Some of our GSOC studen

Re: [Mifos-users] Interest Recalculation and Repayment Strategies

2014-07-24 Thread AMIT JAIN
Hi Binny, Please note an amortization is only an idea for charging of interest from EMIs. Real fact is. 1. Interest calculation is always based on annual. 2. Declining balance means as soon as you received money than your principle should decline obviously,but also the interest part will be on dec

[Mifos-users] Interest Recalculation and Repayment Strategies

2014-07-24 Thread Binny Gopinath Sreevas
All Mifos users / developers, This mail is mainly for Mifos users and specialists – still copying developers to get any possible inputs as I am blocked on this. We are working on developing the True Declining Balance based interest calculation (or Interest Recalculation) and interest compou