About Share Microfin
Share MicroFin Limited (SML) started operations in 1989 as a not-for-profit society. It was a Micro-Finance Institution (MFI) in India to obtain a Non Banking Financial Company (Non Deposit) licence and also to carry out a microfinance securitisation transaction. SML currently aims to serve more than 1.96 million members across 16 Indian states - Andhra Pradesh, Chhattisgarh, Delhi, Karnataka, Maharashtra , Madhya Pradesh, Uttar Pradesh, Rajasthan, Bihar, Uttarakhand, Gujarat, Haryana, Himachal Pradesh,Tamil Nadu, West Bengal and Jharkhand, demonstrating approximately 90% client growth in the past three years. At present, SML caters to the needs of poor rural women through its 4,253 staff members spread across 771 branches (as on 31 May 2009). It holds a total outstanding portfolio of over USD 248.8 million. SML has employed a for-profit approach to create social returns by channelling funds from development institutions and commercial banks as collateral-free loans to Joint Liability Groups (JLGs). JLGs are central to the Grameen lending methodology that SML has adopted.
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Share Microfin Frequently Asked Questions (FAQ)
When was Share Microfin founded?
Share Microfin was founded in 1989.
What is Share Microfin's latest funding round?
Share Microfin's latest funding round is Other Investors.
Who are the investors of Share Microfin?
Investors of Share Microfin include Legatum Capital, Aavishkaar Goodwell India Microfinance Development Company and Legatum Global Development.
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