Fusion Microfinance Pvt. Ltd. - Pragati - MFTransparency.org Truth In Lending Tables

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Institution

Fusion Microfinance Pvt. Ltd. 303-304, 3rd Floor, Building No.2Community Center, Phase-1, NarainaNew Delhi, New Delhi110052

Data approved: 2011-08-08

Data version: 1

Age of data: - months

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Product

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Product Details

Key Statistics

Outstanding portfolio (INR)	INR 1,300,943
Portfolio (USD)	USD 28,910
Active Clients with Loans	124
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Product to ensure smooth working capital supply to women entrepreneurs

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan
Agriculture
Education
Other household finance	x
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other	Vocational Training e.g. Tailoring, Aggarbatti making, bangle making (these services are outsourced)
Other (2)
No other services

Eligibility

Men
Women	x
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other	Only married women with proper KYC documents , she can be a salaried domestic worker
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 18,000
Maximum loan size	18,000

Loan Term and Grace Period

Shortest loan term	11.0 months
Longest loan term	11.0 months
Approx average	11.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	N/A
Between 4 and 6 months	N/A
Between 7 and 9 months	N/A
Between 10 and 12 months	N/A
Between 13 and 18 months	N/A
Longer than 18 months	N/A

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	31.74%
Highest quoted nominal interest	31.74%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	N/A
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Loan Processing Fees
% of loan amount - min	2.00%
% of loan amount - max	2.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance Charges
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Pragati samples

	Sample 1
Loan Amount	INR 18,000
Loan Cycle (1, 2, 3, etc)	Not Known
Disbursement Date	2010-04-28
Loan Term (Months)	10.7 months
Grace Period (Months)	0
Total Cost of Credit	Not Known
True Price by Comp
Interest and Fee Component	36.8%
Insurance Component	2.4%
Tax Component	0
Deposit Component	0
Full APR (int fee ins tax dep)	39.3%
MFIN MFI Earning (Annualised)	36.8%
MFIN Cost to Borrower (Annualised)	39.3%
Transparency Index	81
MFIN Transparency Index	N/A

Original Repayment Schedule	PDF
MFT Pricing Calculation	PDF

* The APR stated here is an MFTransparency term, definition and formula

Pragati Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
ACB-SA	4,335	1,476,288	6	136
Comicoka	827	758,435	4	136
COOJAD	511	823,215	6	136
COOPEDU	2,029	7,549,835	9	136
Duterimbere	6,607	4,365,044	3	136
Goshen	2,076	3,716,008	5	154
Inkingi	2,648	2,593,366	5	154
RML	4,960	3,473,781	3	136
UCU	3,391	1,603,524	4	136
Urwego	37,900	14,755,000	6
Vision Finance	14,226	3,474,646	6	154
Wisigara	2,177	904,708	3	136
Zamuka	253	124,445	3	136
Zigama CSS	53,806	59,670,753	2	154

Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits

	X Axis
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N (# of Samples)
Total Borrrowers of Samples


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By Country

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