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    Fusion Mic Guls

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    monikaa jangid
    Fusion Microfinance is an Indian microfinance institution headquartered in Gurugram, Haryana. It has over 2 million active customers across 18 states served by 783 branches. Established in 2010, it provides microloans starting at Rs. 15,000 to underprivileged women in rural and semi-urban areas, aiming to improve their economic opportunities and quality of life. The company looks to further expand its presence across India through strategic acquisitions and entering new markets while addressing challenges associated with reaching rural locations.

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    Fusion Mic Guls

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    monikaa jangid
    30 views12 pages
    Fusion Microfinance is an Indian microfinance institution headquartered in Gurugram, Haryana. It has over 2 million active customers across 18 states served by 783 branches. Established in 2010, it provides microloans starting at Rs. 15,000 to underprivileged women in rural and semi-urban areas, aiming to improve their economic opportunities and quality of life. The company looks to further expand its presence across India through strategic acquisitions and entering new markets while addressing challenges associated with reaching rural locations.

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    Fusion Microfinance is an Indian microfinance institution headquartered in Gurugram, Haryana. It has over 2 million active customers across 18 states served by 783 branches. Established in 2010, it provides microloans starting at Rs. 15,000 to underprivileged women in rural and semi-urban areas, aiming to improve their economic opportunities and quality of life. The company looks to further expand its presence across India through strategic acquisitions and entering new markets while addressing challenges associated with reaching rural locations.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    30 views12 pages

    Fusion Mic Guls

    Uploaded by

    monikaa jangid
    Fusion Microfinance is an Indian microfinance institution headquartered in Gurugram, Haryana. It has over 2 million active customers across 18 states served by 783 branches. Established in 2010, it provides microloans starting at Rs. 15,000 to underprivileged women in rural and semi-urban areas, aiming to improve their economic opportunities and quality of life. The company looks to further expand its presence across India through strategic acquisitions and entering new markets while addressing challenges associated with reaching rural locations.

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    INTRODUCTION

    FUSION MICROFINANCE Ltd. is a INDIAN microfinance


    institution , head quarters in Gurugram , HARYANA.
    It has 2.25 million active customers across the 337
    districts of 18 states.
    There are783 branches of the institution and 783
    branches across the nation.
    By the time of its activeness it provides work to 6k
    people and provide credits above $22 million.
    HISTORY
    Fusion Microfinance is a NON BANKING FINANCIAL
    CORPORATION (NBFC - MFI) based out of New
    Delhi.
    It came into affect in 2010.
    There are 100% of women living in the rural or semi
    rural urban areas .
    They have Rs. 1607 crores outstanding with Rs. 4067
    crores loans disbursed.
    AQUISITION
    Fusion Microfinance ‘actively looking at acquiring
    companies’.
    NBFC expecting 45-50 % growth this fiscal.
    Fusion which is present in north-eastern state of
    Assam, might look at foraying into Meghalaya and
    Tripura ,among others .
    It might look to add some more markets in South
    India .
    Sector has the potential to grow to Rs.4-4.5 lakh crore
    from the current Rs.2lakh crore in the next 6 to 8 yrs.
    OWNER
    The MD & CEO and the founder of the institution is Mr. Devesh
    Sachdev.
    An XLRI post graduate with 25 years of experience in the service
    industry prior to starting fusion in 2009-2010.

    FUSION MICROFINANCE
    PRODUCTS AND SERVICES
    Fusion Microfinance provides to poor women the following products
    and services.
    Joint Liability Group Loans
    Loan Amount ranges from Rs.15,000 to Rs.50,000 at rate of interest
    ranging between 24.40% & 24.60% p.a. on a reducing balance
    method. There is a processing fee of 1% (Excluding taxes). The tenure
    offered is between 1 year to 2 years depending on the loan amount.
    Emergency Loans
    Fusion Microfinance offers Emergency loans amounting to a
    maximum of Rs.3,000 to Rs.5,000 at rate of interest of 22.00% p.a. on
    a reducing balance method with maximum tenure of 8 months. There
    is no processing fee.
    ELIGIBILITY CRITERIA FOR FUSION
    MICROFINANCE
    Following are the eligibility criteria to get micro credit
    from Fusion Microfinance
    Should be women between 18 to 55 years of age
    Should be a Permanent resident of a village or slum
    Should be a joint liability group
    VISION

    • Fusion microfinance has a social vision and


    business orientation aims to provide
    underprivileged women with economic
    opportunities to transform the quality of
    their lives.
    MISSION

    • A self-sustainable financial
    institution which leverages the
    distribution network to channel
    other products and services.
    Challenges faced
    Rural locations
    Training to the employees
    Code of Conduct
    Progress over the years………

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