Fusion Microfinance Interview Questions, Process, and Tips

Microfinance is a financial service that provides small loans and other financial services to low-income individuals and entrepreneurs.

• Microfinance aims to alleviate poverty and promote economic development by providing access to financial services to those who are unable to access traditional banking services.

• It typically involves providing small loans, known as microloans, to individuals who lack collateral or a cred...read more

JLG stands for Joint Liability Group.

• JLG is a lending model used by financial institutions to provide credit to groups of individuals.

• It is commonly used in microfinance to support small businesses and self-help groups.

• Members of a JLG are jointly liable for the repayment of loans, which helps mitigate risk for lenders.

• JLGs often have a social component, promoting financial inclusion and empowerment of marginalized com...read more

GRT stands for Gross Registered Tonnage, a measurement of a ship's overall size and carrying capacity.

• GRT is a standardized measurement used in the shipping industry.

• It is calculated based on the total internal volume of a ship's enclosed spaces.

• GRT is used to determine various aspects such as port fees, safety regulations, and crew requirements.

• For example, a ship with a higher GRT will generally have more facilities ...read more

Center meetings are conducted to discuss important matters and ensure effective communication within the branch.

• Center meetings are typically scheduled on a regular basis, such as weekly or monthly.

• The purpose of center meetings is to share updates, discuss goals and targets, address challenges, and foster collaboration among team members.

• The process of conducting a center meeting involves setting an agenda, inviting r...read more