Hi Gayle, Could you share the client name or loan account number?
Thanks Santosh On Fri, Jun 22, 2018 at 3:11 PM, Gayle Congdon <[email protected]> wrote: > Hi Ed, > > > > Hope you are well. > > > > We have come across a Mifos issue which I hope you can assist with. > > > > > > > > *Problem: *When creating a loan for 60 equal instalments on Loan Type - > CLRC, MIFOS returns random number of instalments depending on the “Nominal > interest rate” we provide. > > With “Nominal interest rate” being 0, we do receive 60 equal instalments. > Please look at the test case below. > > > > On the demo website, I have created a Loan Type and Client to demonstrate > your problem. Please see below for details. > > > > http://mifos.org/mifos-x/demo/ > > *Username:* mifos > > *Password:* password > > > > *Client:* CLRC CLRC > > *Loan Product:* CLRC > > *Created Loan:* 2874, 2875 and 2876 > > > > *Loan Terms* > > *Principal:* 100000 > > *Loan term:* 60 > > *Number of repayments:* 60 > > *Repaid every:* 1 > > *First repayment on:* 29 June 2018 > > *Interest charged from:* 22 June 2018 > > *Nominal interest rate:* 27.75 Per year > > > > On the above test case, MIFOS only returns 59 instalments. Now the > question is, what happened to the 60th instalment? > > > > Thanks so much, > > > > Kind Regards > > > *Gayle Congdon *Manager – ERP, Accounting & Core Banking Systems > > > > > > *+27 71 485 2543 *[email protected] > > Tel: +27 11 617 1803 > Fax: +27 11 617 1717 > www.nupay.co.za > > 8 Kingfisher Crescent, Meyersdal, > <https://maps.google.com/?q=8+Kingfisher+Crescent,+Meyersdal,+%0D%0AAlberton&entry=gmail&source=g> > Alberton, 1448, Gauteng, South Africa > PO Box 192, Alberton, 1450, South Africa > > A division of Altron TMT (Pty) Ltd with our B-BBEE rating as a level four > contributor, allows our customers to claim 100% of spend towards their > preferential procurement measurement for their own B-BBEE status. In > addition, 100% of the spend is also claimable as Black Owned and Black > Women Owned on the scorecard of our customers. > > This e-mail is subject to an e-mail disclaimer. > Read email disclaimer notice: www.altron.com/email.asp > Alternatively please contact us on +27 11 645 3600 > > > > > -- Thanks & Regards Santosh Math *QA Engineer* *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* | *Office*: +91-080-41208662 | *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA
