27 July 2012

Hi,

Thank you for working on the daily loan repayment feature for the next release.


In our credit cooperative in Philippines, we apply daily loan repayment for the 
Group/Solidarity Loans. Details as follows:

Loan Amount: PHP3,000 - 55,000
No. of Installments: 60 and 90
Frequency: DAILY
Interest Rate Method: FLAT
Interest Rate Charged: 10% (60 DAYS DURATION) and 15% (90 DAYS DURATION)
Interest Type: ONGOING (charged within every repayment)


Regards,
 
Dale A. Fuertes-Pham
Email:    [email protected]





________________________________
 From: Ed Cable <[email protected]>
To: A good place to start for users or folks new to Mifos. 
<[email protected]> 
Sent: Wednesday, July 25, 2012 10:25 PM
Subject: [Mifos-users] Functional Requirements for Daily Loan Repayment Support 
Needed
 

Hello all,

Chetan is working on preparing the functional specification 
for https://mifosforge.jira.com/browse/MIFOS-5614 - support for daily loan 
repayments so this feature can be built in the upcoming Samiha J release.

Could you please add to the comments or attachments to this issue your daily 
loan repayment requirements? Details on the products you support, how the loans 
are repaid, interest calculated etc. should be be shared.  

This support has been requested often so please add your requirements so we can 
ensure the daily loan support meets your own business requirements.

Please send your inputs before the end of this week.

Thanks,

Ed
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