India

Financial services

Financing granted

Guarantee of €5,500,000 *
(equivalent in local currency)

Partner of the Foundation

since 2019
(2 guarantees granted)

*Outstanding at grant value
Partner website

Context:

India is the world’s fourth largest agricultural producer. The primary sector employs about 47% of the working population and accounts for nearly 18% of GDP. More than 70% of the population is still rural. However, extreme weather events in recent years are a major factor in the fall in farmers’ incomes.

The Institution:

Fusion Microfinance is a Tier 1 microfinance institution created in 2009 by Devesh Sachdev as an autonomous entity to take advantage of the distribution network in order to channel other products and services.

Impact:

Fusion has a social vision and a business orientation aimed at providing economic opportunities to underprivileged women so that they can improve their quality of life.

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