------ Forwarded Message
> From: Krishnan M <[email protected]>
> Reply-To: <[email protected]>
> Date: Sun, 15 Feb 2009 02:46:17 -0500
> To: Ryan Whitney <[email protected]>
> Subject: Re: [Mifos-users] Bi-Monthly payments in Mifos
> 
> Hello Ryan,
> 
> In your post, are you actually saying that MIFOS does not have a general
> scheme to allow configurable frequency of payments or even arbitrary
> assignment of payment dates?

Not at all.  Currently, Mifos offers both weekly and monthly repayment
intervals.  ie, every week, every month, every 3 weeks, every 2 months, etc.
What it does not currently offer is bi-monthly payments, or to be more
exact, semi-monthly payments.

You can try to do it with scheduling payments every two weeks, but you will
have occasional months with three payments in them. Additionally, with
semi-monthly payments you can have the repayments be on specific days (say
like the 5th and 20th), or what is more common, in the middle and end of a
month (ie, 15th and last day of the month).

 Cheers,
Ryan
> 
> Best regards,
> krishnan mani
> Pune, India
> 
> --- On Fri, 13/2/09, Ryan Whitney <[email protected]> wrote:
>> From: Ryan Whitney <[email protected]>
>> Subject: [Mifos-users] Bi-Monthly payments in Mifos
>> To: [email protected]
>> Date: Friday, 13 February, 2009, 9:56 PM
>> 
>> Hello all,
>> 
>> Has anyone run into a situation where they need to support bi-monthly
>> payments in Mifos (ie, payments are due on the 15th and end of the month, or
>> say might be like the 5th and 20th)?
>> 
>> Scheduling payments every two weeks doesn't quite work, as you will end up
>> with some months with three payments.
>> 
>> Wondering if anyone might have some workarounds or ideas how to get around
>> this requirement.
>> 
>> Thanks,
>> Ryan
>> 
>> Ryan
>>  Whitney  
>> Mifos Technical Program Manager
>> [email protected]
>> Mifos - Technology that Empowers Microfinance (www.mifos.org)
>> 
>> 
>> 
>> 
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Open Source Business Conference (OSBC), March 24-25, 2009, San Francisco, CA
-OSBC tackles the biggest issue in open source: Open Sourcing the Enterprise
-Strategies to boost innovation and cut costs with open source participation
-Receive a $600 discount off the registration fee with the source code: SFAD
http://p.sf.net/sfu/XcvMzF8H
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