Hi All,
Sorry, loan product frequency of installments 2 week(s) and repayment
schedule has to generate fortnightly but its generating weekly.
Thanks and Regards,
Ramesh
On Mon, Feb 13, 2012 at 9:26 PM, Ramesh Nayak <
[email protected]> wrote:
> Hi All,
>
> I am using
> Mifos-v2.2.3
> MySQL-5.1
> ubuntu-10.0.4
> ApacheTomcat-7.0.12
>
> I created loan product with below details
> a) Interest rate type: Declining Balance
> b) Frequency of installments: 1 week(s).
>
> Created one center with Meetings: Recur every 1 Week(s) on Monday.
> In that center created one group with Meetings: Recur every 1 Week(s)
> on Monday.
> In that group created one client with Meetings: Recur every 1 Week(s)
> on Monday.
>
> When I given loan to client repayment schedule is generated like this
>
> Account Owner:TestClient t
> Loan amount:5,000
> Disbursement date:13-Feb-2012
>
>
> Installment No. Due date Principal Interest Fees Total 1 20/02/12 325.7
> 17.3 0 343 2 27/02/12 326.9 16.1 0 343 3 05/03/12 328 15 0 343 4
> 12/03/12 329.1 13.9 0 343 5 19/03/12 330.3 12.7 0 343 6 26/03/12 331.4
> 11.6 0 343 7 02/04/12 332.5 10.5 0 343 8 09/04/12 333.7 9.3 0 343 9
> 16/04/12 334.8 8.2 0 343 10 23/04/12 336 7 0 343 11 30/04/12 337.1 5.9 0
> 343 12 07/05/12 338.3 4.7 0 343 13 14/05/12 339.5 3.5 0 343 14 21/05/12
> 340.6 2.4 0 343 15 28/05/12 336.1 1.9 0 338
> Repayment schedule is generated weekly but it has to generate biweekly as
> per loan product details.
>
> Could you please explain me why repayment schedule is generated like this
> if my understanding is correct or am I missing out on something here?
>
>
> --
> Thanks and Regards,
> Ramesh.A.Nayak| Software Engineer @ ConfluxTechnologies | Address :#412,
> 20th Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 |
> Email :[email protected] | website:
> www.Confluxtechnologies.com <http://www.confluxtechnologies.com/> |
> Contact Number - Mob : +919739317276.
>
>
>
--
Thanks and Regards,
Ramesh.A.Nayak| Software Engineer @ ConfluxTechnologies | Address :#412,
20th Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 |
Email :[email protected] | website:
www.Confluxtechnologies.com <http://www.confluxtechnologies.com/> |
Contact Number - Mob : +919739317276.
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