Fusion Microfinance

Fusion Microfinance Pvt Ltd (Fusion) entered the microfinance business in January 2010 by acquiring the Rs.63 lakh loan portfolio of Aajeevika, a non-governmental organisation operating in Delhi and Madhya Pradesh. Fusion extends loans to women using the joint liability group model. The company also offers small ticket vehicle loans to truck operators. Fusion is headquartered … Continue reading “Fusion Microfinance”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

Hope Microcredit raises Rs 10 Crore from Incofin’s – Rural Impulse Fund II

Hope Microcredit Finance Ltd a Kerala based micro finance company has raised funding of up to Rs.10 Crore (US$ 2.3 Million approx) from Belgian investment firm Incofin Investment Management. The funding has been channeled through the Rural Impulse Fund II managed by Incofin. This is the first major fund raising by a microfinance institution in … Continue reading “Hope Microcredit raises Rs 10 Crore from Incofin’s – Rural Impulse Fund II”

Fusion Microfinance gets private equity investment from Incofin for Rs 4.5 Crore

Incofin Investment Management a Belgium based fund has invested Rs 4.5 crore in Fusion Microfinance (http://fusionmicrofinance.com), a Delhi based microfinance startup which operates in north India. The company has been founded by Devesh Sachdev, Ashish Tewari and Ankur Singhal and started its operations only in January 2010. The microfinance institution recently acquired the microfinance division … Continue reading “Fusion Microfinance gets private equity investment from Incofin for Rs 4.5 Crore”