Hi Sahadev,

Do you still have this problem?

Regards,
Lukasz


On 03/31/2012 07:37 AM, sahadev kunapuli wrote:
> Our MFI is evaluating migration to MIFOS from existing manual ledgers.
> We have found the following issue with regard to loans.
>
>       TEST CASE :
>
>        Loan Disbursed : 1-1-2006
>
>        Amount             : Rs. 10,000
>        Interest Rate     : 18 % p.a. declining balance with
> recalculation
>        Instalments        : 12 grace period none.
>
>        Current loan balance : Rs. 6,000
>        Interest paid upto     :  31-12-2012
>
>        In the existing system , members were allowed to pay only
> interest which was accounted for separately.
>
>        When we migrate to MIFOS, the system recalculates the principal
> and interest based on the amount repaid so far (Rs. 4,000).
>
>        The loan amount and interest shown in MIFOS are different from
> the present loan amount outstanding and interest  paid so far.
>
>         Any ideas how to proceed ?
>
>
>
>        Any ideas how to proceed
>
>
>
>
>
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