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 

Institution

EMPRETEC Ghana Foundation No. 24 Nii Amoah Loop East LegonEGF PMB GPOAccra, Greater Accra
Data approved: 2013-03-21
Data version: 2
Age of data: 132 months

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.fusionmicrofinance.com/
Year established2010
Head of InstitutionDevesh Sachdev
Regions active0
# Branches15

Total Portfolio (nat'l)INR 154,045,112
Total Portfolio (USD)USD 3,423,224.71
Active clients with loans23,323
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsMFIN, India

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressn/a
Year established1990
Head of InstitutionKwabena Dankyi Darfoor
Regions activeGreater Accra Region, Central Region, Western Region, Eastern Region, Ashanti Region, Northern Region
# Branches4

Total Portfolio (nat'l)GHS 110,408
Total Portfolio (USD)USD 56,044.67
Active clients with loans273
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsGHAMFIN, ASSFIN, UNDP, UNCTAD/EMPRETEC Worldwide
FundersUNDP

Loan Products » Summary

398 Borrowers
USD 67,667 Portfolio
Active Product
1,641 Borrowers
USD 436,424 Portfolio
Active Product
482 Borrowers
USD 178,807 Portfolio
Active Product
3 Borrowers
USD 35 Portfolio
Active Product
124 Borrowers
USD 28,910 Portfolio
Active Product
16,417 Borrowers
USD 1,617,538 Portfolio
Active Product
119 Borrowers
USD 18,483 Portfolio
Active Product
378 Borrowers
USD 33,324 Portfolio
Active Product

Loan Products » Summary

263 Borrowers
USD 39,623.35 Portfolio
Active Product
10 Borrowers
USD 16,421.32 Portfolio
Low Volume Product
Note: MFTransparency presents full data for active products with over 50 borrowers. Basic data is shown for lower volume products

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Gati INR 15,000 - 15,000 11 80% - 100% 80% - 100% Business Women, Have home or land, Credit policy permits the loan only to the females who are married with proper KYC documents Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
IGL- New Clients INR 12,000 - 12,000 17 80% - 100% 0% - 20% Business Women, Have home or land
IGL- Old Clients INR 16,000 - 30,000 24 80% - 100% 0% - 20% Business Women, Have home or land
Jagrati INR 8,000 - 8,000 11 80% - 100% 80% - 100% Business, Housing, Other Women, Have home or land, Credit policy permits the loan only to the females who are married with proper KYC documents , she c Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Pragati INR 18,000 - 18,000 11 80% - 100% 80% - 100% Business, Housing, Other Women, Only married women with proper KYC documents , she can be a salaried domestic worker Credit Educ, Group Mtgs, Credit Ins
Roshni INR 10,000 - 10,000 11 80% - 100% 0% - 20% Business, Housing, Education, Other Women Credit Educ, Group Mtgs, Credit Ins
Samridhi INR 20,000 - 20,000 11 80% - 100% 80% - 100% Business, Housing, Education, Other Women, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Unnati INR 12,000 - 12,000 11 80% - 100% 80% - 100% Business, Housing, Education, Other Women Credit Educ, Group Mtgs, Credit Ins

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Microfinance Loan GHS 200 - 3,000 6 - 12 80% - 100% 40% - 60% Business Women, Men, Have business, Specific age group, Children and the very elderly are not eligible., Must be a member of a group or association. Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training, Health/Nutrition , Family Life

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
Gati 0% 36.6% 39% N/A
IGL- New Clients 0% 27.6% 29.4% N/A
IGL- Old Clients 0% 27.2% 29.3% N/A
Jagrati 0% 36.8% 39.3% N/A
Pragati 0% 36.8% 39.3% N/A
Roshni 0% 36.8% 39.3% N/A
Samridhi 0% 36.6% 39% N/A
Unnati 0% 36.8% 39.3% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Gati 31.7% annual, Decl Bal 1 Fee 0 Ins None N/A 36.6% 39% 81
IGL- New Clients 26.0% annual, Decl Bal 1 Fee 0 Ins None N/A 27.6% 29.4% 89
IGL- Old Clients 26.0% annual, Decl Bal 1 Fee 0 Ins None N/A 27.2% 29.3% 89
Jagrati 31.7% annual, Decl Bal 2 Fees 0 Ins None N/A 36.8% 39.3% 81
Pragati 31.7% annual, Decl Bal 1 Fee 0 Ins None N/A 36.8% 39.3% 81
Roshni 31.7% annual, Decl Bal 1 Fee 0 Ins None N/A 36.8% 39.3% 81
Samridhi 31.7% annual, Decl Bal 2 Fees 0 Ins None N/A 36.6% 39% 81
Unnati 31.7% annual, Decl Bal 2 Fees 0 Ins None N/A 36.8% 39.3% 81

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microfinance Loan 36.00% annual, Flat 2 Fees 0 None 10.00% upfront 69.3% - 70.3% 82.1% - 83.3% 43

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
Gati 0% 36.6% 39% N/A
IGL- New Clients 0% 27.6% 29.4% N/A
IGL- Old Clients 0% 27.2% 29.3% N/A
Jagrati 0% 36.8% 39.3% N/A
Pragati 0% 36.8% 39.3% N/A
Roshni 0% 36.8% 39.3% N/A
Samridhi 0% 36.6% 39% N/A
Unnati 0% 36.8% 39.3% N/A

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Gati 31.7% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 36.6% 39% 81
IGL- New Clients 26.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.6% 29.4% 89
IGL- Old Clients 26.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.2% 29.3% 89
Jagrati 31.7% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 36.8% 39.3% 81
Pragati 31.7% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 36.8% 39.3% 81
Roshni 31.7% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 36.8% 39.3% 81
Samridhi 31.7% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 36.6% 39% 81
Unnati 31.7% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 36.8% 39.3% 81

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Microfinance Loan 36.00% annual, Flat 2 Fees 0 None 10.00% upfront 69.3% - 70.3% 82.1% - 83.3% 43
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