User:Websoftexrd/sandbox

websoftex.com Micro-financing is the basic financial structure for a country which vast and whose a large percentage of population is living villages.Websoftex Micro Financing Software has an option for introducing four categories of clients: individuals, solidarity groups, non-solidarity groups (village banking) and corporate. There are more than hundred fields to enter a client’s information. For credit products one can enter unlimited products. Software has 3 Types of interest calculation: flat, Declining Balance-Equal monthly installment (EMI) and Declining Balance - Equal principal installment. Repayment schedules and loan cycles are customizable. Software manages all types of loan fees like entry fees, late fees, Anticipated partial repayment.Anticipated total repayment, etc. For loan repayment automated calculation of all installments is executed by the software also Repayment amounts automatically calculated with detail of interest charges and fees. The software will print collection sheets. It can restructure and reschedule the loan repayment. It keeps record of grace period on principal and / or interests. It calculates Penalties (anticipated partial / total repayment). There are unlimited numbers of savings products that can be managed through the software which can be associated with any type of customer. Current account can be managed, with or without interests.