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There is certainly a need to tailor loan repayments to match the bucks movement habits associated with debtor.

There is certainly a need to tailor loan repayments to match the bucks movement habits associated with debtor.

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

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This is also true of items like agricultural loans where consumers money moves can be very volatile. Consequently returns such sectors are regular, unpredictable and sometimes less than those for the regular enterprises that are commercial which MFIs disburse loans. This necessitates the necessity for banking institutions to modify loans items, which provide for more freedom using the installment schedule.

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

Continue reading There is certainly a need to tailor loan repayments to match the bucks movement habits associated with debtor.