Share Microfin Limited.
 
 
 

Ground-breaking Investment of US$ 27 Mln by Legatum and Aavishkaar-Goodwell to Support SHARE's Growth to 6 Million Clients by 2012 - 15th May 2007


Legatum and Aavishkaar Goodwell announce a landmark equity investment in SHARE Microfin Limited, India's leading microfinance institution. Legatum, a private firm that invests in capital markets and in initiatives that support human and social development, will invest US$ 25Mln acquiring a majority stake in SHARE. The India-focused microfinance development company Aavishkaar Goodwell will invest US$ 2Mln in SHARE. The investment will enable SHARE to reach an additional five million customers over the next five years, and represents the largest equity investment to-date in the global microfinance sector.

read more

   

SHARE Microfin Limited (SML) is a regulated micro finance institution (MFI) providing financial and support services to rural Indian women.

Through its income generating loans and business development services, SML seeks to help women build productive microenterprises, thereby contributing to the development of sustainable communities. SML seeks to grow its client base to 10 Million clients and its loan portfolio to about USD 2.2 Billion by 2012.

read more