Hi every one. I installed Mifos system on my computer (local) to try how it works. Am working hard on configuration, am looking for configurations that will allow Loan product to post all interest which is (100,000) to GL account same date on loan disbursed without prepay Loan or Make repayment.
The Loan term is 1 Month, interest is 25%, principal is 400,000. The amount of interest to be paid is 100,000 which is supposed to be posted same date of disbursement. Is there any possible ways to configure this on Mifos? any help please. Be blessed.
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