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There is certainly a necessity to tailor loan repayments to accommodate the bucks movement habits associated with the borrower.

There is certainly a necessity to tailor loan repayments to accommodate the bucks movement habits associated with the borrower.

Migrated over from MifosForge – final edit on September 15, 2015.

Overview

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Background and strategic fit

This is especially valid of items like agricultural loans where consumers money moves could be very volatile. Consequently returns such sectors are regular, unpredictable and frequently less than those of this regular enterprises that are commercial which MFIs disburse loans. This necessitates the necessity for banking institutions to modify loans services and products, which provide for more freedom aided by the installment routine.

The adjustable Installment Loans function of Mifos X accommodates this flexibility by indicating:

Continue reading There is certainly a necessity to tailor loan repayments to accommodate the bucks movement habits associated with the borrower.