Henrik from CreoCore noted this as important.
We'd like to reward people who pay their loans off early, or who made some payments which were larger than the planned/scheduled
payments. We're seeing some entrepreneurs paying on different dates than scheduled, and paying amounts which are smaller or greater than the agreed-upon repayment schedule.
This is probably because we don't have groups and therefore no group meetings ( == collection times). So when a
loan is paid off, it would be nice to have a feature to do an alternative computation of the interest, based on an equivalent daily interest rate.
I.e., this would take into account when the entrepreneur paid a little early, a little late, a little too much, or too little. If this alternative computation resulted in less interest than what the entrepreneur actually paid (which was based on the agreed-upon amortization schedule when the loan was given), then we want to give the entrepreneur a refund of the
Similar (but different) type request is
is closely related to the 'refund' if overpayment notion expressed here.