Please refer to the following specs:
- Loan Accounts
- Declining Balance - Interest Recalculation FS
- MPESA Loan Disbursals Functional Spec
- MPESA Loan Repayments and Savings Deposits Functional Spec v2
Note on Interest Rate: Mifos in the past has only allowed the entry of APR Interest Rates and SHOULD stick with only allowing the entry loan interest rates as APR in order to support the movement for full transparency in microlending (See MFTransparency for more details). This would be following general best practices for Microfinance.
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