Appropriating payment towards past due interest or past due principal is a
matter each institution's priority and as per the country's regulatory
requirements. Here is an illustration :
Assumptions : 1) Loan loss provisioning as per the regulator's guidelines
= 30 % of bad loans. 2) Repayment
Dear Ed Cable
Thank you for you enquiry regarding our migration to MIFOS. With the
help of our technology partners, we have
completed the migration of accounts into MIFOS. A few post migration
glitches are being ironed out so that we
can go ahead with MIFOS in the coming days. We will be making an
Our MFI is evaluating migration to MIFOS from existing manual ledgers.
We have found the following issue with regard to loans.
TEST CASE :
Loan Disbursed : 1-1-2006
Amount : Rs. 10,000
Interest Rate : 18 % p.a. declining balance with
recalculation
Ins
nters are these; Make & model.
>
> Regards
> Tela Dennis.
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> On Wed, Mar 7, 2012 at 4:56 AM, Sahadev Kunapuli wrote:
> > Our organisation, an MFI with 18000 members and working in 140
> > villages has decided to use MIFOS
Our organisation, an MFI with 18000 members and working in 140
villages has decided to use MIFOS software for which work is going
on . To overcome last mile connectivity problems, we are proposing to
use an offline data collection utility through lap top comuputers and
mobile receipt printers. W
