Associated Workflows (if applicable) - list out and describe.
Available Actions: for each one - create as H3 level-header (will show in page-level table of contents) and for each one, include the following this is applicable. List these out and then for each one, do the following:
Products vs. AccountsCreating a Loan Product
Explain that products are system-wide. Must be set up and configured before you can create accounts. Accounts are individual instances of a product.
Can also touch on which settings are editable at the account level once a product is created and which can't be edited.
Before you can create a loan product, you must be logged in to Mifos.
- Select Products from the Admin menu.
- Click Loan Products.
- Click +Create Loan Product.
- Fill in the loan product fields described in the Loan Product Fields table.
- Click Submit.
| Field Name (attribute) | Description | Example | Validations (if applicable) |
|---|---|---|---|
| Product name | |||
| Short name | |||
| Description | |||
| Fund | |||
| Start date | |||
| Close date | |||
| Include borrower loan counter | |||
| Currency | |||
| Decimal places | |||
| Currency in multiples of | |||
| Terms vary based on Loan Cycle | |||
Principal: Minimum Default Maximum | |||
Number of repayments: Minimum Default Maximum | |||
Nominal interest rate: Minimum Default Maximum Period? | |||
Repaid every: Value Frequency | |||
| Amortization | |||
| Interest method | |||
| Interest calculation period | |||
| Arrears tolerance | |||
| Repayment strategy | |||
| Interest free period | |||
Moratorium On principal payment Number of days a loan may be On interest payment Maximum number of days a loan | |||
Loan Tranche Details | |||
| Is Multi Disburse Loan | |||
| Maximum Tranche count | |||
| Maximum allowed outstanding balance | |||
| Charges | |||
| Overdue Charges | |||
| Accounting |
Editing Existing Products
This will touch on what happens to accounts that already exist when you edit a current product (what we discussed on the phone).
Field Name (attribute) Description Example Validations (if applicable)
| Warning | ||
|---|---|---|
| ||
|
| Info |
|---|
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