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Reliance Securities’ IPO Report
Fusion Micro Finance Ltd. is second largest player in micro finance sector as of March 2022, which primarily caters to women entrepreneurs who are from economically and socially deprived section of the society.
In addition to the financial support the company also aids its clients to manage their finances through financial literacy.
Fusion Micro Finance runs on a joint liability group-lending model, in which a small number of women form a group, typically comprising five to seven members and guarantee each others’ loans. Fusion has the fourth fastest gross loan portfolio compound annual growth rate of ~54% between FY17-21 among the 10 largest non-banking financial company-micro finance institutions in India.
Fusion Micro Finance has embraced technology through the adoption of cloud computing software and enabling automation and digitalisation of several processes across business functions including customer on-boarding, customer service, loan disbursements, internal audit, and risk management.
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