Please note that the information you are viewing is
133 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-05-03
Data version: 2
Age of data: 133 months
| Institution Type | Non Bank Financial Institution |
| Is this institution regulated? | Yes |
| Website address | http://www.fusionmicrofinance.com/ |
| Year established | 2010 |
| Head of Institution | Devesh Sachdev |
| Regions active | Madhya Pradesh |
| # Branches | 21 |
| Total Portfolio (nat'l) | INR 520,483,112 |
| Total Portfolio (USD) | USD 9,820,436.08 |
| Active clients with loans | 66,806 |
| Approximate % female clients | 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | MFIN |
58,139 Borrowers
USD 8,504,281.89 Portfolio
Active Product
8,667 Borrowers
USD 1,316,154.20 Portfolio
Active Product
Loan Products » Conditions
| Product Name |
|
Loan Size Range |
|
Loan Term (months) |
|
% Female |
|
% Urban |
|
Loan Purpose |
|
Eligibility |
|
Other Services |
| IGL 12K-15k |
|
INR 12,000 - 15,000 |
|
17 |
|
100% |
|
0% - 20% |
|
Business, Agriculture |
|
Women, Have home or land, Specific age group, Low HH Inc, Med HH Inc |
|
Credit Educ, Group Mtgs, Credit Ins |
| IGL 16K-30k |
|
INR 16,000 - 30,000 |
|
24 |
|
100% |
|
0% - 20% |
|
Business, Agriculture |
|
Women, Have home or land, Specific age group, Low HH Inc, Med HH Inc |
|
Credit Educ, Group Mtgs, Credit Ins |
Loan Products » MFIN India Additional Information
| Product Name |
|
APR (int) |
|
MFIN MFI Earning (Annualised) |
|
MFIN Cost to Borrower (Annualised) |
|
COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD |
|
COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES |
|
COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM |
|
MFIN Transparency Index |
| IGL 12K-15k |
|
28% - 28.4% |
|
29.5% - 30% |
|
31.5% - 32% |
|
Yes |
|
Yes |
|
Yes |
|
100 |
| IGL 16K-30k |
|
28% - 28.5% |
|
29.1% - 29.6% |
|
30.6% - 31.1% |
|
Yes |
|
Yes |
|
Yes |
|
99 |
Loan Products » Pricing Information
| Product Name |
|
Annual Nominal Interest |
|
Fees |
|
Insurance |
|
Taxes |
|
Compulsory Deposit |
|
APR (int+fee) |
|
Full APR |
|
Transparency Index |
| IGL 12K-15k |
|
26.0%-28.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
29.5% - 30% |
|
31.5% - 32% |
|
82 |
| IGL 16K-30k |
|
26.0%-28.0% annual, Decl Bal |
|
1 Fee |
|
1 Ins |
|
12.36% fees |
|
N/A |
|
29.1% - 29.6% |
|
30.6% - 31.1% |
|
84 |
Please note that the information you are viewing is
133 months old and may not represent the prices currently charged.
If you represent this MFI and wish to update your information,
click HERE
Institution
Data approved: 2013-04-04
Data version: 3
Age of data: 133 months
This product either has less than 50 active borrowers or less than 10 loan disbursements over the past 9 months.
MFTransparency presents basic data rather than full data for low volume products
Key Statistics
| Outstanding portfolio (KHR) | 0 |
| Portfolio (USD) | |
| Active Clients with Loans | 0 |
| Approximate % Female Clients | 0 |
| Approximate % Urban Clients | 0 |
Description
Express Loan is a kind of loan products offered to response to clients' financial needs in their personal life cycle which may be affected by any of the emergencies and unexpected events in both natural and personal dangers.
Loan Purpose
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | x |
| Other | |
| Other (2) | |
Eligibility
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | x |
| Other | |
| Other (2) | |
Portfolio Size by Product
Geographic Coverage
| # Regions for this institution | 20 |
| # Regions for this product | N/A |
| Regions Active | |
