Hi Soham, Emily Tucker may be able to answer your questions, as she has the most functional experience with Mifos, however I am just starting to research our declining balance interest and installment calculation functionality right now and do not yet understand things completely.
If Emily cannot answer these questions immediately, I will get back to you in the next week or so when I have had the chance to investigate things in more detail to understand your questions, the intended design of Mifos, and implemented design of Mifos better. Thanks for the excellent questions! Aliya > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:mifos- > [EMAIL PROTECTED] On Behalf Of Soham Dhakal > Sent: Thursday, January 31, 2008 2:33 AM > To: 'Mifos functional discussions' > Subject: [Mifos-functional] Question/issue related to applying > rounding(business rule) > > Hi all, > In declining balance interest calculation rule, I would like to understand > some behavior with regard to rounding. Let me explain, (you can try it out > on the test server) > > 1. Create a Loan with declining as the type of interest calculation rule > (i > have created General Loan 15000 No Grace, you can select that) > > 2. Select a client and choose the loan from 1 and note the payment > schedule. > > The interest and principal is added to make a nice rounded total > amount. > e.g. if the interest is 144.2 , there is .08 added to the principal to > make > the total 678.0 > So my assumption here is that the business rule says to make the total a > whole amount. > (Issue 1) - Won't there be a case where the MFIs want to use denominations > less than 1 (cents, paisa etc) . So should this not be configurable? If it > is what property configures this? > > > Now create a different loan with declining as the type of rule (GL > Principal > only grace in the test server), but with principal only grace and 1 as the > number of installment for grace, and apply it to a client. > > In the schedule you will see the first installment principal as 0, and the > interest as something like 144.2 (which is correct) After this all of > the > installments total are not rounded . So your total due would be e.g 702.9 > > (Issue 2) - So this means that you collect amount differently based on > grace > on principal? I would think that the same behavior should apply to this as > well. Is this working as designed? > > > Thanks > Soham > > > > > > ------------------------------------------------------------------------ - > This SF.net email is sponsored by: Microsoft > Defy all challenges. Microsoft(R) Visual Studio 2008. > http://clk.atdmt.com/MRT/go/vse0120000070mrt/direct/01/ > _______________________________________________ > Mifos-functional mailing list > Mifos-functional@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-functional ------------------------------------------------------------------------- This SF.net email is sponsored by: Microsoft Defy all challenges. Microsoft(R) Visual Studio 2008. http://clk.atdmt.com/MRT/go/vse0120000070mrt/direct/01/ _______________________________________________ Mifos-functional mailing list Mifos-functional@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/mifos-functional
