I need guidance on whether this type of loan schedule is possible in Mifos. The loan details are as follows:
- *Principal Amount:* 15,000,000 - *Total Interest:* 4,590,000 - *Total Loan Amount:* 19,590,000 The lender requires that a specific portion of the interest be collected each month, while the principal should be collected on specified dates, as outlined in the attached table. Could you provide some guidance on how to set this up in Mifos? Specifically, I would like to understand: 1. How to structure the loan to accommodate monthly interest collections and specific principal payment dates. 2. Any configurations or settings within Mifos that need to be adjusted to support this custom schedule. Kind regards, Tutu
Payment Schedule.xlsx
Description: MS-Excel 2007 spreadsheet
