Fusion Microfinance

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:

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:

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:

1. Sale of vegetables
2. Transportation
3. Carpentry
4. Livestock
5. 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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