Hi,
How to configure a loan product so that the client pays only interest.
Best regards,
El El lun, 9.08.2021 a las 14:56, Francis Guchie
escribió:
> Dear Simon,
>
> Feel free to call me when you have time. Some of these issues are solved
> faster that way
>
> My Kind Regards
>
> Francis Guchi
Thank you
Francis Guchie
On Mon, Aug 9, 2021 at 3:56 PM Francis Guchie
wrote:
> Dear Simon,
>
> Feel free to call me when you have time. Some of these issues are solved
> faster that way
>
> My Kind Regards
>
> Francis Guchie Kirago
> *Skype:* francisguchie
> *Telegram: *232 79 19 44 07
> *Whats
Dear Simon,
Feel free to call me when you have time. Some of these issues are solved
faster that way
My Kind Regards
Francis Guchie Kirago
*Skype:* francisguchie
*Telegram: *232 79 19 44 07
*Whatsapp: *232 79 19 44 07
*LINKEDIN:* https://www.linkedin.com/in/francis-guchie-kirago-a4379617/
twitte
egards;
>>
>> *
>>
>> *Zayyad A. Said | Chairman & C.E.O*
>>
>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>
>> Email: zay...@intrasofttechnologies.com
>>
>> Schedule Meetings: https://calendly.com/zayyadsaid
>>
>&
15274 | Skype: zsaid2011
>>
>> Email: zay...@intrasofttechnologies.com
>>
>> Schedule Meetings: https://calendly.com/zayyadsaid
>>
>>
>>
>>
>>
>> From: Mnzava Simon
>> Sent: Sunday, August 8, 2021 12:36 PM
>> To:
Hope you are doing well Guys!.
Sorry Guys, First email I was wrong, this is the right explanation.
I am configuring a loan product in Mifos 21 but I fail somewhere finding
that the interest calculation is not the same as we expected.
for example, Our calculation is, Principle = 4,000,000 Interest
Hope you are doing well, all of you Guys!.
I am configuring a loan product in Mifos 21 but I fail somewhere finding
that the interest calculation is not the same as we expected.
for example, Our calculation is, Principle = 4,000,000 Interest per year =
13%.
The formula is 4,000,000 x (12+1) /
Under loan product settings
Loan goes into NPL (none performing loans) after days... Put 90.
Do not check button
Loan becomes performing loan when client pays
On Mon, Mar 16, 2020, 02:47 Ganapathi Sankaran
wrote:
> Dear Mifos Team,
>
> I'm using mifos version 18
>
> I just want to stop the in
Dear Mifos Team,
I'm using mifos version 18
I just want to stop the ineterest calculation for the accounts those who
are above 90 days of over due days.
do any one can guide me in this. plz
___
Mifos-users mailing list
Mifos-users@lists.sourceforge.ne
Hi Jose,
Thank you.
I will try it out.
On Monday, February 24, 2020 at 5:42:58 AM UTC-8, Ganapathi Sankaran wrote:
>
> Dear Mifos Team,
>
> I'm using mifos version 18
> It's very great experience with it.
>
> I just want to do some configuration according to the product which we
> have in our
Dear Ganapathi,
Under every loan product, there is an option for "loan goes to NPL state"
NPL means none performing loan. I think This should stop the interest
calculations.
On Mon, Feb 24, 2020, 13:42 Ganu wrote:
> Dear Mifos Team,
>
> I'm using mifos version 18
> It's very great experience
Hello!
That can be done with the NPA field (Non Performing Asset), you can see more detail here:
https://mifosforge.jira.com/wiki/spaces/docs/pages/71565376/Loan+Product+Fields
Any comment or doubt please let us know it.
Thanks
Dear Mifos Team,
I'm using mifos version 18
It's very great experience with it.
I just want to do some configuration according to the product which we have
in our company.
The system should stop the "Interest calculation" for the accounts those
who have not yet paid their Amount even after 90 d
Hi Chadwick Bennett,
Let us assume the financial year starts from 01 January. in that case since
interest compounding is annually it will compound on 01 January 2015 and
same compounded amount will come till end of 15 December 2015. On 15
December 2015 the maturity amount should be 1256325.23,
Hello everyone,
I created a fixed deposit product (PRNO) and issued a contract for a $1M @
25% per annum. I am expecting to see a total annual interest of $250,000,
equating to total maturity repayment of $1,250,000; however, I see
$1,266,315.94. The scenario I wish to achieve is to be able to acc
That's great!
On Tue, Dec 20, 2011 at 7:43 AM, HT Team wrote:
> Kay chau,
> We tested the functionality and its works as we expected.
> Thanks for your support.
>
> Shiva
>
>
>
> --
> Write once. Port to many.
> Get the
Kay chau,
We tested the functionality and its works as we expected.
Thanks for your support.
Shiva
--
Write once. Port to many.
Get the SDK and tools to simplify cross-platform app development. Create
new or port existin
Hi Shiva
Ah, you're asking something different than what i had thought. this
question is about how interest is calculated when there are overdue
payments.
If you are using the interest rate type declining balance - interest
recalculation, then interest is accumulated for every day that the payme
Hi Chau
What i understood from your comments that mifos will post interest on the
over due amount only upon closing a loan account...is my understanding
correct ?
My Scenario is below (Pl. Note: Repayment amount is approximate amount,
please do not get confused with the repayment amount in exa
Hi If I'm understanding correctly, Mifos does do this. If you close the
loan with overdue amounts, interest is charged on the overdue
installments. Interest is not charged on future installments that aren't
due yet. This interest is written off.
Is this what you're asking? Or is this a differe
Team
Any comments is highly appreciated.
--
Learn Windows Azure Live! Tuesday, Dec 13, 2011
Microsoft is holding a special Learn Windows Azure training event for
developers. It will provide a great way to learn Windows Az
Hi
Mifos does not calculate the interest on the outstanding balance of a loan
at the end of the loan schedule tenure, how is it being currently dealt *by
other customers.
*I'm aware of rescheduling and closing a loan, is there any other option
other than these to charge interest on over due amount
Maina,
That¹s not the correct formula for how Mifos makes interest calculations.
That formula is for converting an interest rate for a period less than
360/365 to APR. This allows MFI¹s to enter in an interest rate that will
get them the repayment schedule they are expecting.
As for your scenari
.net/Mifos/HowToCalculateTheEMI
Ed
-Original Message-
From: Udai Gupta [mailto:mailt...@gmail.com]
Sent: Wednesday, May 19, 2010 3:01 AM
To: A good place to start for users or folks new to Mifos.
Subject: Re: [Mifos-users] Interest Calculation
Hi Maina,
Have you checked out this document
Hi Maina,
Have you checked out this documentation
http://www.mifos.org/knowledge/functional-specifications/system-processing/interest-calculations-for-loan-accounts
Regards,
Udai
--
_
Hi People,
I wanted to ask how Mifos calculates interest for Loan products.
I was going through the mail on the list and I found this (Interest Amount *
Period of Interest (360/365)) / (Principal Amount * 50 * 7) {50 was the
number of weekly instalments.
Based on the above, I wanted to
26 matches
Mail list logo
