Sources of Funds
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.
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.
Mifos is shipped with the following source of funds:
|1. Project/donor: for funds|
|01||Funding Org A|
|02||Funding Org B|
|03||Funding Org C|
|04||Funding Org D|
- Mifos System Setup
- MFI Information Setup
- Account Management
- Transaction Processing
- Mifos on mobile devices
- Retrieving Information
- System Processing