Milan, We currently don¹t support that fee model, but please do file a request, I think its a good enhancement.
As for a workaround, I can only think one of two things One: Since this is a flat fee percentage based on the principal, divide the percentage by the number of payments and enter that as the amount. That might work. Two: Calculate the amount of 7.5% of the loan principal, divide by the number of installments and enter that in as a flat weekly fee. If you only disburse a small discrete set of loan amounts, you could just make a cheat sheet and/or create a fee that is for the different loan amounts. Ryan On 12/3/10 7:44 AM, "Milan Patel" <[email protected]> wrote: > Hello, > > I wanted to check and see if anyone has any ideas about how to deal with > scenario below? > > If not, I will likely request an enhancement. > > Thanks > > Milan > > 2010/12/1 Milan Patel <[email protected]> >> Hello, >> >> I am trying to set up a configuration in which the client is charged a >> commission fee, which is payable in installments along with the loan >> repayment. >> >> >> In this example, the fee is 7.5% of the loan amount. The loan is payable on >> a weekly basis. >> >> I originally tried to set it up in Mifos to pay 7.5% of the loan amount on a >> weekly basis; this however charges 7.5% of the original loan amount each >> week, instead of dividing it amongst the repayment periods. >> >> How do I divide this fee between each repayment period? It is key to note >> here that the term of the possible loan cannot be determined / preset >> beforehand--for example, if loans had to be repaid weekly over preset periods >> for 1 year (52 weeks), 1 month (4 weeks) etc., I could set a fee for each >> potential loan term and divide the percentage appropriately. However, my >> organisation does not use standard loan terms--they could have a repayment >> schedule over 7 weeks, for example. As such, the fee needs to be divided >> amongst a periodic repayment schedule, of which the number of periods is >> variable. >> >> >> Thanks >> >> Milan >> >> > > > > ------------------------------------------------------------------------------ > Increase Visibility of Your 3D Game App & Earn a Chance To Win $500! > Tap into the largest installed PC base & get more eyes on your game by > optimizing for Intel(R) Graphics Technology. Get started today with the > Intel(R) Software Partner Program. Five $500 cash prizes are up for grabs. > http://p.sf.net/sfu/intelisp-dev2dev > > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users -- Ryan Whitney Mifos Technical Program Manager [email protected] Mifos® - Technology that Empowers Microfinance (www.mifos.org) Our mission is to enable the poor, especially the poorest, to create a world without poverty. <http://grameenfoundation.org/take-action/ingenuity-fund-challenge/> P please consider the environment before printing this e-mail.
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