There clearly was a need to tailor loan repayments to accommodate the bucks movement habits associated with the debtor.

Migrated over from MifosForge – final edit on September 15, 2015.


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Background and strategic fit

This is also true of items like agricultural loans where consumers money moves could be very volatile. Consequently returns in such sectors are regular, unpredictable and sometimes less than those associated with regular commercial enterprises for which MFIs disburse loans. This necessitates the necessity for finance institutions to modify loans services and products, which provide for more flexibility utilizing the installment routine.

The adjustable Installment Loans function of Mifos X accommodates this flexibility by indicating:

For a financial loan item:

Minimal and gap that is maximum ought to be current between installments (minimum is mandatory, nonetheless optimum is optional)