Thank you Ryan, I have created issue MIFOS-4319 for this purpose. 2010/12/9 Ryan Whitney <[email protected]>
> Milan, > > We currently don’t 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. > > > ------------------------------------------------------------------------------ > > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users > >
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