Your MFI can charge customer fees for the various services you offer. Reasons for charging a fee can vary from one MFI to another.
Mifos gives flexibility to MFIs and branches to define fee instances to meet their requirements. Examples of fee instances are a client creation fee, a training fee, and an account creation fee.
| Fee name
|| Name for the fee
|| Training fee
| Fee applies to
|| Level of organization where this fee will apply
| Default fee
|| Check if fee is charged to all
How often the fee is assessed: Period (every month, for example) or One Time.
If you select One Time, in the list below it, select the time at which this fee will be charged. In the Amount box, type the amount of the fee
| One time
| Calculate fee as
Use this if you want to calculate the fee as a fixed amount or a percentage of another amount.
If you have configured Mifos to use multiple currencies for loan products, you can specify the currency for a fixed-amount loan fee.
The system will match the periodicity of the fee to the meeting schedule or repayment schedule, depending on whether it’s a client fee for example (tied to meeting schedule) or a loan fee (tied to repayment schedule).
Fees are computed automatically by the system.
| 5 % of loan amount
| GL Code
|| General ledger code that applies to this fee (these codes are set during configuration)
Before creating any new fees, look at the existing fee types to see if the one you want already exists.
Click Admin > View Fees.
You might see a screen like this:
There has been error in communication with Booktype server. Not sure right now where is the problem.
You should refresh this page.