I want to ask the question again,
how to arrange a late installment automatically.
This late fee is calculated each day after the due date passes plus a grace
period for 2 days.
for example,
eg loans 1.000.0000
period of time = 5 Months
Installment = 200,000 (principal) + 100,000 (interest) = 300 000
late fee per day = 0.5% of the installment
late fee per day = 0.5% x 300 000 = 1500
as an example , customer due date is 23 January,
now is 26 January, so that the customer pays late one day because there are
two-day grace period.
then the number of installments to be paid the customer is
amount of installment = installment + fines
300,000 + 1500 = 301,500
How do I set the system mifos order to add a late fee each day automatically
on customer installments.
Thanx you,
=====================================================================
Best Regrads,
Safik Omara
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