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Institution

Rural Agency for Development P.O. Box 28Kisumu, Nyanza
Data approved: 2013-06-20
Data version: 2
Age of data: 133 months

Institution

Fusion Microfinance Pvt. Ltd. 303-304, 3rd Floor, Building No.2Community Center, Phase-1, NarainaNew DelhiPO Box 110052
Data approved: 2013-05-03
Data version: 2
Age of data: 131 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.rafode.org/
Year established2005
Head of InstitutionAntony Mayodi
Regions activeNyanza, Rift Valley, Western
# Branches2

Total Portfolio (nat'l)KES 31,000,000
Total Portfolio (USD)USD 374,396.14
Active clients with loans3,120
Approximate % female clients60% - 80%
Approximate % urban clients60% - 80%
Network affiliations
Funders

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.fusionmicrofinance.com/
Year established2010
Head of InstitutionDevesh Sachdev
Regions activeMadhya Pradesh
# Branches21

Total Portfolio (nat'l)INR 520,483,112
Total Portfolio (USD)USD 9,820,436.08
Active clients with loans66,806
Approximate % female clients100%
Approximate % urban clients0% - 20%
Network affiliationsMFIN

Loan Products » Summary

2,912 Borrowers
USD 356,288.93 Portfolio
Active Product

Loan Products » Summary

58,139 Borrowers
USD 8,504,281.89 Portfolio
Active Product
8,667 Borrowers
USD 1,316,154.20 Portfolio
Active Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product
Retired Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Business Loan KES 3,000 - 78,000 6 - 18 60% - 80% 60% - 80% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Home-based care training, HIV/AIDS counseling

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 » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 18.0%-36.0% annual, Flat 1 Fee 1 Ins None 20.0% upfront 200.00 ongoing 38.7% - 125% 110% - 232.9% 11

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

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Business Loan 18.0%-36.0% annual, Flat 1 Fee 1 Ins Ins None 20.0% upfront 200.00 ongoing 38.7% - 125% 110% - 232.9% 11

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 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 Ins 12.36% fees N/A 29.1% - 29.6% 30.6% - 31.1% 84
Institution Price Graph
Institution Price Graph
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