Hi Francis,
We need to add option for Daily in the Interest Posting Period. There is no issue with calculation nor compounding. Regards; ******* Zayyad A. Said | Chairman & C.E.O Cell No.: +254 716 615274 | Skype: zsaid2011 Email: <mailto:zay...@intrasofttechnologies.com> zay...@intrasofttechnologies.com Schedule Meetings: <https://calendly.com/zayyadsaid> https://calendly.com/zayyadsaid From: Francis Guchie <francisguc...@gmail.com> Sent: Monday, September 7, 2020 6:38 PM To: Mifos software development <mifos-develo...@lists.sourceforge.net> Cc: Dev <d...@fineract.apache.org>; A good place to start for users or folks new to Mifos. <mifos-users@lists.sourceforge.net> Subject: Re: [Mifos-developer] Overdraft Savings Interest Posting Dear Zayyad, I am attaching an image as I am trying to understand your issue. Please make me understand it ( As i am interested in this too) My Kind Regards Francis Guchie Kirago Skype: francisguchie Whatsapp: 232 79 19 44 07 LINKEDIN: https://www.linkedin.com/in/francis-guchie-kirago-a4379617/ twitter: @FrancisGuchie On Sun, Sep 6, 2020 at 10:27 PM <zay...@intrasofttechnologies.com <mailto:zay...@intrasofttechnologies.com> > wrote: Hello Devs, We have a client interested to set up a credit line that has no fixed repayment period and borrowers can repay anytime even after a day or two. Based on our analysis, the best solution for them is an overdraft savings facility. We are however challenged by the fact that we do not have an option to set interest posting to Daily which is what they need. They need the accrued interest daily to reflect as the balance in the account so that when a borrower decides to pay off full amount then the borrower can also clear the accrued interest. Is there a way we can add the interest posting option of Daily in addition to what we already have i.e. Monthly, Quarterly, BiAnnual, and Annually? If this can be provided then it will solve our headache. Regards; ******* Zayyad A. Said | Chairman & C.E.O Cell No.: +254 716 615274 | Skype: zsaid2011 Email: <mailto:zay...@intrasofttechnologies.com> zay...@intrasofttechnologies.com Schedule Meetings: <https://calendly.com/zayyadsaid> https://calendly.com/zayyadsaid Mifos-developer mailing list mifos-develo...@lists.sourceforge.net <mailto:mifos-develo...@lists.sourceforge.net> Unsubscribe or change settings at: https://lists.sourceforge.net/lists/listinfo/mifos-developer
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