About Share microfin ltd
SHARE Microfin Limited - Empowering the Underprivileged through Financial Inclusion
SHARE Microfin Limited is a leading microfinance institution in India that has been providing financial services to the underprivileged sections of society since its inception in 1994. The company was founded with a vision to empower the poor and marginalized communities by providing them access to credit, savings, insurance, and other financial services.
What sets SHARE Microfin apart from other microfinance institutions is its commitment to social responsibility and sustainable development. The company's mission is not just about making profits but also about creating a positive impact on society. SHARE Microfin believes that financial inclusion can be a powerful tool for poverty alleviation and economic empowerment.
SHARE Microfin has come a long way since its humble beginnings as a small NGO in Gujarat. Today, it operates across 17 states in India with over 1 million clients and more than 500 branches. The company has also expanded its product portfolio beyond microcredit to include microinsurance, remittances, and livelihood promotion programs.
One of the key milestones for SHARE Microfin was becoming the first microfinance institution in India to obtain an NBFC (Non Deposit) license from RBI (Reserve Bank of India) in 2008. This license allowed SHARE Microfin to mobilize deposits from clients and expand its operations further.
The success of SHARE Microfin can be attributed to several factors such as strong leadership, innovative products, efficient processes, robust risk management systems, and customer-centric approach. The company's management team comprises experienced professionals who bring diverse skills and expertise from various industries.
SHARE Microfin's product offerings are tailored to meet the specific needs of different client segments such as women entrepreneurs, farmers, artisans, migrant workers etc. Some of the popular products include group loans for income-generating activities like agriculture or small businesses; individual loans for education or healthcare expenses; savings accounts with attractive interest rates; insurance policies covering life, health, and assets.
SHARE Microfin's operations are supported by a robust technology platform that enables real-time monitoring of loan disbursements, repayments, and other transactions. The company has also invested in digital channels like mobile banking and online portals to enhance customer convenience and accessibility.
SHARE Microfin's commitment to social responsibility is reflected in its various initiatives aimed at promoting financial literacy, environmental sustainability, and community development. The company has partnered with several NGOs, government agencies, and corporate entities to implement these programs.
In conclusion, SHARE Microfin Limited is a shining example of how microfinance can be a powerful tool for poverty alleviation and economic empowerment. The company's success story is a testament to its strong values of social responsibility, innovation, efficiency, customer-centricity. With its continued focus on sustainable growth and impact-driven approach SHARE Microfin is poised for even greater success in the years ahead.