Hi,
To apply a penalty charge for late repayment of installments, we run
Scheduler jobs.So you can go to system>>Scheduler jobs, search for "apply
penalty to overdue loans" and run the job. And you can verify it.
Thanks and regards,
Himadri Mitra
*Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/> *
#304, 2nd Floor, 7th Main Road
HRBR Layout 1st Block
Bengaluru, Karnataka, 560043 INDIA
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On Tue, Jan 31, 2017 at 9:46 AM, Ouya Obunga <ouya.b...@gmail.com> wrote:
> Dear all,
>
> I'm using Mifos 16.12.01. I have set a penalty charge for late repayment
> of installments (set it as overdue fees). However, when a client makes late
> repayment, it does not levy the penalty(the penalty column only indicates
> zeros). Kindly assist.
>
> Best regards,
>
> --
>
> *Ouya Obunga*
>
> Product Lead (Big Data & Mobile Banking)
>
> SMS & USSD | Microfinance System | Mobile Payments | Hadoop
>
> 0720 438 527
>
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>
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