Hmm, I am not sure how that is handled. I think the best thing to do is
to test it out on the test server (or on a local one if you have it set
up), and see what happens.
The other option would be to add the fees to the principal and make the
installments based on that. But then, this would mea
Thanks Soham,
You got the situation right. If we hand calculate and enter a periodic
fee how would Mifos handle early repayment? I assume that paying the
loan off early would avoid some of the periodic fees. We need the total
fee to be paid even if the number of payments is reduced through earl
Hi Jeff,
I don't think this is possible as SEM wants it (i could be wrong).You
can define periodic fees, and match them with the meeting dates
frequency, but you have to define an amount and not a % of loan.
perhaps there is a workaround (with some manual calculation)
If i understand your requir
Hi all, my client MFI, SEM, wants to be able to charge a one time fee of
10% of the loan amount. The fee is charged upfront but payment of the
fee is spread over the loan repayment schedule. Does anyone know how we
can do this in Mifos?
Thanks,
Jeff Blue
Looking at Mifos for SEM (http://www.sem
