SHARE, one of the largest microfinance institutions in india, started its operations for the poor in 1989 as a not-for-profit society. It was the first microfinance institution (MFI) in India to obtain a Non Banking Financial Company (Non Deposit) licence.
SHARE has adopted 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 SHARE has replicated.
To improve the quality of life of the poor by providing access to financial and support services and to be a viable financial institution developing sustainable communities.
To mobilise resources in order to provide financial and support services to the poor, particularly women, for viable productive income-generating enterprises enabling them to reduce their poverty.
• To provide financial services predominantly for poor women.
• To create self employment opportunities for the underprivileged.
• To train the rural poor in simple skills and enable them to utilise all available resources and contribute to employment and income generation.