Without using your amount even for one day, how can you expect a client to
repay with interest, instead you may add one day interest as charge in loan
products while disbursements.
Rajan Sr Microfinance

On Sat, 19 Oct, 2019, 5:18 PM Girish Kumar, <henagir...@gmail.com> wrote:

> Hey there
>
> I have disbursed a loan, the config is set to interest charged from same
> day as disbursed. the same day the loan is disbursed, still, I cannot see
> the interest for that day (first repay date too is same as submitted and
> disbursed)  check the loan on demo site
>
>
>    - Pauline Wambui Chege <https://demo.openmf.org/#/viewclient/13>
>    - new loan -GK(Main Head 000003486)
>
>
> *  new loan -GK(#Main Head 000003486)*
> Created a loan on the demo (https://demo.openmf.org/#/viewloanaccount/3486
> )
>
> The day its disbursed the interest should start ticking. else the firm
> losses 1 day interest if the client comes and pays his loan. foreclosure
> charges is not an option here.
>
> anyone out there knows a solution to this.
>
> Means the interest rate starts from the disbursement day itself (the
> config is set so)
>
> This is creating havoc in my office as the management is a bit serious
> about losing a days interest
>
> Regards
> Girish
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