Areba,
As you say at present, in mifos, the 'variable installments' type loan
allows a user to edit date of installment and the 'total installment due'
figure and adjusts principal and interest in subsequent installments based
on the 'declining method' on a daily basis.
Is what you require this functionality but using the 'flat' method instead
of 'declining method'?
i.e. the typical 'flat' method for non variable installment type loans is
not suitable as it doesnt calculate based on daily basis?
Is this correct?
Keith.
On Fri, Aug 19, 2011 at 3:38 PM, [ Brainiac ] <arebacoll...@gmail.com>wrote:
> Hello,
> I am keen to deploy Mifos for a loan giving entity but im a bit confused by
> the design decision to limit variable interest rates to redusing balance
> calculation. The organization im deploying for would like to charge a flat
> interest rates but give loans that are repaid on a daily basis, is it
> possible to curtomize this on mifos. If yes, could someone advice / point me
> in the right direction?
>
>
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