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About Products

A product is a financial offering by a financial institution to its clients. Products are set up once in Mifos and are then available to qualifying clients (individuals, groups, and centers).

Mifos X supports four product types:

  • Loan products
  • Saving products
  • Fixed deposit products
  • Recurring deposit products

Your system setup will define which users are able to define products.

About Loan Products

Loans products establish the rules, parameters, and constraints for a financial institution's lending offerings.  

About Saving Products


About Fixed Deposit Products


About Recurring Deposit Products



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Creating a Loan 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. 

  1. Select Products from the Admin menu.
  2. Click Loan Products.
  3. Click +Create Loan Product.
  4. Fill in the loan product fields described in the Loan Product Fields table.
  5. Click Submit.

Modify a Loan Product

This will touch on what happens to accounts that already exist when you edit a current product (what we discussed on the phone). 

  1. Field Name (attribute)DescriptionExampleValidations (if applicable)
        

 

 

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