Source of Funds
Introduction
Funds are donations or grants provided to the MFI specified purpose. Such funds remain even when the specified purpose is achieved and accomplished since they would be accounted for as sources of funding which remain in equity.
Fund Creation
Sources of funds can be managed (created and modified) at the HO and other offices will inherit the details of these funds.
Attributes for Funds
Sl. No. | Name | Data Type | Default | Range | Mandatory for Fund creation | Can be modified after creation | Description |
|---|---|---|---|---|---|---|---|
1. | Fund Name | Text | None | N/A | Yes | Yes | It should be a unique value in the system |
2. | GL Code | Drop-down, Single select | None | fund Codes for funds from CoA | Yes | No |
|
The defined funds will be associated with loan products through loan product definition. When a new fund is created or an existing fund is modified, the additions/modifications should be reflected in the list of funds in each loan product.
Default Source of Funds
Mifos is shipped with the following source of funds:
1. Project/donor: for funds |
|
|---|---|
00 | Non Donor |
01 | Funding Org A |
02 | Funding Org B |
03 | Funding Org C |
04 | Funding Org D |