2. Urwego
  2. Fusion
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Institution

Urwego Opportunity Bank Plot 1230 NyarugengeAvenue de la PaixKigaliPO Box 748
Data approved: 2012-09-27
Data version: 2
Age of data: -   months 
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Institution

Fusion Microfinance Pvt. Ltd. 303-304, 3rd Floor, Building No.2Community Center, Phase-1, NarainaNew Delhi, New Delhi110052
Data approved: 2011-08-08
Data version: 1
Age of data: -   months 
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Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.uob.rw/
Year established1997
Head of InstitutionJeffrey J. Lee
Regions activeBugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, Gisagara, Huye, Kamonyi, KarongiKayonza, Kicukiro, Kirehe, Muhanga, Musanze, Ngoma, Ngororero, Nyabihu, Nyagatare, NyamagabeNyamasheke, Nyanza
# Branches36

Total Portfolio (nat'l)RWF 9,342,142,670
Total Portfolio (USD)USD 14,597,097.92
Active clients with loans41,246
Approximate % female clients80% - 100%
Approximate % urban clients60% - 80%
Network affiliationsOpportunity International, Hope International, World Relief
FundersMasterCard Foundation, Gates Foundation, Credit Suisse, European Union

Institution Details

Institution TypePrivate 'For-Profit'
Is this institution regulated?Yes
Website addresshttp://www.fusionmicrofinance.com/
Year established2010
Head of InstitutionDevesh Sachdev
Regions active0
# Branches15

Total Portfolio (nat'l)INR 154,045,112
Total Portfolio (USD)USD 3,423,224.71
Active clients with loans23,323
Approximate % female clients80% - 100%
Approximate % urban clients0% - 20%
Network affiliationsMFIN, India

Loan Products » Summary

Adv CB
7,933 Borrowers
USD 8,128,174.48 Portfolio
Active Product
Community
34,286 Borrowers
USD 11,526,115.84 Portfolio
Active Product
Idv Business
1,184 Borrowers
USD 4,832,015.35 Portfolio
Active Product
Sol Grp
489 Borrowers
USD 756,359.38 Portfolio
Active Product

Loan Products » Summary

Gati
398 Borrowers
USD 67,667 Portfolio
Active Product
IGL- New Clients
1,641 Borrowers
USD 436,424 Portfolio
Active Product
IGL- Old Clients
482 Borrowers
USD 178,807 Portfolio
Active Product
Jagrati
3 Borrowers
USD 35 Portfolio
Active Product
Pragati
124 Borrowers
USD 28,910 Portfolio
Active Product
Roshni
16,417 Borrowers
USD 1,617,538 Portfolio
Active Product
Samridhi
119 Borrowers
USD 18,483 Portfolio
Active Product
Unnati
378 Borrowers
USD 33,324 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Advanced Community Banking RWF 250,000 - 3,000,000 4 - 12 80% - 100% 40% - 60% Business, Other Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Community Banking RWF 30,000 - 1,500,000 4 80% - 100% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Micro Individual/Business Loan RWF 250,000 - 60,000,000 4 - 60 40% - 60% 80% - 100% Business, Consumer Women, Men Credit Educ, Group Mtgs, Credit Ins, Business Training
New Solidarity Group RWF 250,000 - 6,000,000 4 - 24 60% - 80% 80% - 100% Business, Consumer, Other Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Gati INR 15,000 - 15,000 11 80% - 100% 80% - 100% Business Women, Have home or land, Credit policy permits the loan only to the females who are married with proper KYC documents Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Other Training
IGL- New Clients INR 12,000 - 12,000 17 80% - 100% 0% - 20% Business Women, Have home or land
IGL- Old Clients INR 16,000 - 30,000 24 80% - 100% 0% - 20% Business Women, Have home or land
Jagrati INR 8,000 - 8,000 11 80% - 100% 80% - 100% Business, Housing, Other Women, Have home or land, Credit policy permits the loan only to the females who are married with proper KYC documents , she c Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Pragati INR 18,000 - 18,000 11 80% - 100% 80% - 100% Business, Housing, Other Women, Only married women with proper KYC documents , she can be a salaried domestic worker Credit Educ, Group Mtgs, Credit Ins
Roshni INR 10,000 - 10,000 11 80% - 100% 0% - 20% Business, Housing, Education, Other Women Credit Educ, Group Mtgs, Credit Ins
Samridhi INR 20,000 - 20,000 11 80% - 100% 80% - 100% Business, Housing, Education, Other Women, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits
Unnati INR 12,000 - 12,000 11 80% - 100% 80% - 100% Business, Housing, Education, Other Women 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
Advanced Community Banking 30.0% annual, Flat 1 Fee 1 Ins 18.00% fees 10.0% upfront 10.00% ongoing 52.7% - 53% 70.6% - 72.9% 41
Community Banking 30.0% annual, Flat 1 Fee 1 Ins 18.00% fees 10.0% upfront 10.00% ongoing 57.4% 76.8% 39
Micro Individual/Business Loan 18.0%-24.0% annual, Decl Bal 1 Fee 1 Ins 18.00% fees N/A 21.9% - 27.6% 22.6% - 30.7% 71
New Solidarity Group 24.0% annual, Flat 1 Fee 1 Ins 18.00% fees 15.0% upfront 15.00% ongoing 43.9% - 45.1% 69.5% - 74.5% 33

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
Gati 0% 36.6% 39% N/A
IGL- New Clients 0% 27.6% 29.4% N/A
IGL- Old Clients 0% 27.2% 29.3% N/A
Jagrati 0% 36.8% 39.3% N/A
Pragati 0% 36.8% 39.3% N/A
Roshni 0% 36.8% 39.3% N/A
Samridhi 0% 36.6% 39% N/A
Unnati 0% 36.8% 39.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Gati 31.7% annual, Decl Bal 1 Fee 0 Ins None N/A 36.6% 39% 81
IGL- New Clients 26.0% annual, Decl Bal 1 Fee 0 Ins None N/A 27.6% 29.4% 89
IGL- Old Clients 26.0% annual, Decl Bal 1 Fee 0 Ins None N/A 27.2% 29.3% 89
Jagrati 31.7% annual, Decl Bal 2 Fees 0 Ins None N/A 36.8% 39.3% 81
Pragati 31.7% annual, Decl Bal 1 Fee 0 Ins None N/A 36.8% 39.3% 81
Roshni 31.7% annual, Decl Bal 1 Fee 0 Ins None N/A 36.8% 39.3% 81
Samridhi 31.7% annual, Decl Bal 2 Fees 0 Ins None N/A 36.6% 39% 81
Unnati 31.7% annual, Decl Bal 2 Fees 0 Ins None N/A 36.8% 39.3% 81

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Advanced Community Banking 30.0% annual, Flat 1 Fee 1 Ins Ins 18.00% fees 10.0% upfront 10.00% ongoing 52.7% - 53% 70.6% - 72.9% 41
Community Banking 30.0% annual, Flat 1 Fee 1 Ins Ins 18.00% fees 10.0% upfront 10.00% ongoing 57.4% 76.8% 39
Micro Individual/Business Loan 18.0%-24.0% annual, Decl Bal 1 Fee 1 Ins Ins 18.00% fees N/A 21.9% - 27.6% 22.6% - 30.7% 71
New Solidarity Group 24.0% annual, Flat 1 Fee 1 Ins Ins 18.00% fees 15.0% upfront 15.00% ongoing 43.9% - 45.1% 69.5% - 74.5% 33

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
Gati 0% 36.6% 39% N/A
IGL- New Clients 0% 27.6% 29.4% N/A
IGL- Old Clients 0% 27.2% 29.3% N/A
Jagrati 0% 36.8% 39.3% N/A
Pragati 0% 36.8% 39.3% N/A
Roshni 0% 36.8% 39.3% N/A
Samridhi 0% 36.6% 39% N/A
Unnati 0% 36.8% 39.3% N/A
*Please click here for more information

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Gati 31.7% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 36.6% 39% 81
IGL- New Clients 26.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.6% 29.4% 89
IGL- Old Clients 26.0% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 27.2% 29.3% 89
Jagrati 31.7% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 36.8% 39.3% 81
Pragati 31.7% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 36.8% 39.3% 81
Roshni 31.7% annual, Decl Bal 1 Fee 0 Ins Ins None N/A 36.8% 39.3% 81
Samridhi 31.7% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 36.6% 39% 81
Unnati 31.7% annual, Decl Bal 2 Fees 0 Ins Ins None N/A 36.8% 39.3% 81
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeBusinessMultipleLoan PurposeUrwegoInstitutionRW-012-V02-P01RW-012-V02-P02RW-012-V02-P03RW-012-V02-P04ProductRWCountry2012YearRange Number2Institution Data Version01,000,0002,000,0003,000,0004,000,000Loan Size (all)0%20%40%60%80%Full APR (int fee ins tax dep)> 17,00012,0008,5004,200400Number of Borrowers
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Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.Private \'For-Profit\'Institution TypeBusinessMultipleLoan PurposeFusionInstitutionIN-026-V01-P01IN-026-V01-P02IN-026-V01-P03IN-026-V01-P04IN-026-V01-P05IN-026-V01-P06IN-026-V01-P07IN-026-V01-P08ProductINCountry2011YearRange Number1Institution Data Version05,00010,00015,00020,00025,00030,000Loan Size (all)0%10%20%30%40%Full APR (int fee ins tax dep)> 8,2006,1004,1002,000200Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
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Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
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