• Fusion Microfinance

    Fusion Microfinance is a registered non-banking financial institution (NBFC) in India. This organisation focuses on providing financial services to women entrepreneurs in semi-urban and rural areas. Currently, 100% of the clientele compromises economically underprivileged women with business ventures.

    Products and services offered by Fusion Microfinance

    Fusion Microfinance offers two types of financial products—the JLG and Emergency loan.

    Loan name Rate of interest (p.a.)
    JLG 21% and 21.50% (reducing balance)
    Emergency 21.50% (reducing balance)

    1. JLG

    JLG is an unsecured loan product offered by Fusion Microfinance. This loan doesn’t require the applicant to submit any asset as security. Listed below are all the other features of the JLG loan:

    Loan amount
    Interest rate (p.a.)
    Processing fee
    Rs.15,000 to Rs.60,000
    21% and 21.50% (reducing balance)
    1% of the loan amount, plus GST
    1 to 2 years, depending on the loan amount

    2. Emergency

    The Emergency loan provided by Fusion Microfinance is also an unsecured loan. It doesn’t require the applicant to pledge any asset as collateral. More features of this loan below:

    Loan amount
    Interest rate (p.a.)
    Processing fee
    Rs.3,000 to Rs.5,000
    21.50% (reducing balance)
    8 months

    Eligibility Criteria

    Fusion Microfinance targets their loans at women who reside in semi-urban and rural areas, and who are unbanked. Women who wish to acquire this loan need to be from a marginalised community. The annual income has to be below Rs.1 lakh in rural areas and Rs.1.6 lakh in semi-urban areas.

    Applicants have to engaged in any one of the following businesses to be eligible for this loan:

    • Sale of vegetables
    • Transportation
    • Carpentry
    • Livestock
    • Small shops

    The purpose of these loans is to provide women with finances to either set up new businesses or expand their existing enterprises.

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