Delhi, 17th May 2024: Fusion Micro Finance [BSE: 543652, NSE: FUSION], a prominent non-banking financial company (NBFC-MFI) in India, has secured a loan agreement with the United States International Development Finance Corporation (DFC). The total facility is valued at USD 25 million, with an initial disbursement of USD 20 million already received. This borrowing aligns with the existing External Commercial Borrowing (ECB) guidelines and will be used to expand Fusion Micro Finance’s operations, focusing on promoting financial inclusion and empowering women entrepreneurs in rural India.
Gaurav Maheshwari, Chief Financial Officer of Fusion Micro Finance Ltd., commented on the partnership, stating, “We are pleased to have secured a USD 25 million loan facility from the United States International Development Finance Corporation (DFC). This strategic move is part of our efforts to diversify our funding sources and liability mix. The eight-year loan will support our business expansion and loan growth, enhancing our asset-liability mix. We believe this landmark transaction will attract more international capital to support our future growth plans.”
This partnership with DFC not only bolsters Fusion Micro Finance’s financial stability but also enhances its credibility and reputation in the global development finance sector. It reflects confidence in Fusion Micro Finance’s operational resilience, ethical standards, and long-term sustainability. Utilizing this DFC loan facility, Fusion aims to extend its reach and impact, fostering social change and economic development in underserved communities.
For more information, please visit www.fusionmicrofinance.com
