thanks Ryan.
On 5 July 2010 16:00, Ryan Whitney <rwhit...@grameenfoundation.org> wrote:
> Gayl,
>
> Answers inline.
>
>
> On 7/5/10 16:14, "Gayl Kennedy" <gaylkenn...@gmail.com> wrote:
>
> > Hi,
> > we are planning to set up MIFOS for our micro finance accounts this
> year. We
> > would like to set up restrictions on our savings accounts to encourage
> > saving. Specifically we want the account to be ineligible for interest
> if
> > there are more than 2 withdrawals in the previous month. I can see in
> Mifos
> > you can set a value for a max withdrawal but if we set this to 1 Naira it
> > prevents any withdrawals higher than that amount which is not what is
> > required. Is there any way to achieve what we are looking for?
>
> Unfortunately, I can't think of any way to do this other than manually as
> we
> have no ability to set limits on withdrawals other than based on the
> minimal
> balance.
>
> Manual workaround would be:
> - Add a payment type of "interest payment" and add this to savings deposits
> - Do all interest posting manually
>
> Obviously, for a large mfi this is less than desirable.
>
> You are also welcome to post an enhancement request.
>
> > Secondly for group accounts we don't want any interest added until the
> account
> > is being closed at which stage it will be added. I don't see this as an
> > option in mifos so I assume we could just show interest as being 0% and
> then
> > manually adding interest at time of account closure? Are there
> alternatives?
>
> This is the only workaround I could think of. Although, you might follow
> the manual workaround I listed above by adding a payment type of interest
> posting and do it manually.
>
> Do be warned, you may have to account for this exception when reporting to
> your accounting system.
>
> Ryan
>
> >
> > Thanks for your advice
> >
> > Regards
> > Gayl
> >
> >
> >
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> --
> Ryan Whitney
> Mifos Technical Program Manager
> rwhit...@grameenfoundation.org
> Mifos - Technology that Empowers Microfinance (www.mifos.org)
> Our mission is to enable the poor, especially the poorest, to create a
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--
Regards
Gayl
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