Hi Jeff, I don't think this is possible as SEM wants it (i could be wrong).You can define periodic fees, and match them with the meeting dates frequency, but you have to define an amount and not a % of loan. perhaps there is a workaround (with some manual calculation)
If i understand your requirement correctly, lets say the loan is $100, for 10 installments. So your fee would be $10 and $1 would be added to the loan repayment repayment as fee, and you define $1 as a periodic fee. This means you manually calculate the fee based on your loan amount, and divide it by the number of installments, and then define that amount as the periodic fee. Granted this does not sound too appealing. (given that most MFIs like to keep things simple) if SEM has predefined loan amounts and installments, it will be easier for them to define the fee for each loan product and attach those to the loans. But if they do not have products with standard loan amounts and installments, then it might be painful to calculate the fee for each loan. Again this will not be a perfect solution, but something till and when the feature gets into mifos. again i could have misunderstood your requirement in which case please ignore the above. Regards Soham Jeff Blue wrote: > Hi all, my client MFI, SEM, wants to be able to charge a one time fee of > 10% of the loan amount. The fee is charged upfront but payment of the > fee is spread over the loan repayment schedule. Does anyone know how we > can do this in Mifos? > > Thanks, > Jeff Blue > Looking at Mifos for SEM (http://www.sem-fund.org) > > ------------------------------------------------------------------------- > 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
