Ramesh,
Tried this in the Mifos 2.2.3 and it all seems to be working fine. I got the
expected 2 weekly schedule for the product defined.
Did you by any chance have LSIM enabled and hence set the loan payment
frequency as weekly during creation?
Otherwise not sure why you are seeing such a behavior.
Thanks
Chetan
From: Ramesh Nayak [mailto:[email protected]]
Sent: Monday, February 13, 2012 9:41 PM
To: [email protected]; [email protected]
Subject: Re: [Mifos-developer] loan repayment schedule generated weekly with
loan product frequency 2weeks
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]<mailto:[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]<mailto:[email protected]>
| website: www.Confluxtechnologies.com<http://www.confluxtechnologies.com/> |
Contact Number - Mob : +919739317276<tel:%2B919739317276>.
--
Thanks and Regards,
Ramesh.A.Nayak| Software Engineer @ ConfluxTechnologies | Address :#412, 20th
Main,Chord Road 1st Block Rajajinagar Bengaluru,Karnataka-560010 | Email
:[email protected]<mailto:[email protected]>
| website: www.Confluxtechnologies.com<http://www.confluxtechnologies.com/> |
Contact Number - Mob : +919739317276.
------------------------------------------------------------------------------
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