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SHARE MICROFIN LIMITED
1990-91 SHARE's Formative Stage
Mr. M.Udaia Kumar, SHARE's Founder,Chairman and Managing Director (CMD),was involved in providing training programs to the rural poor enetrpreneurs in skills development.However, trainees were unable to access finance from financial institutions in order to put their skills to practice, limiting the impact of the training received.
At a conference on rural development he met a participant from the Grameen Bank of Bangladesh and heard about Grameen Bank. His interest was piqued and he traveled to Grameen Bank in Bangladesh. After being convinced that financial services can be provided without colleteral he took up a study on Grameen Bank, SEWA Bank, the informal financial sector and started the microfinance operations in SHARE which was a non profit entity.
1991-1994 Action Research Stage
SHARE (Society for Helping and Awakening Rural poor through Education) started micro-credit......
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Title: Jj
Approximate Word Count: 3966
Approximate Pages: 16 (250 words per double-spaced page)
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Share Microfin Limited 1990-91 Share's Formative Stage Mr. M.Udaia ...
jj. SHARE MICROFIN LIMITED 1990-91 SHARE's Formative Stage Mr. M.Udaia
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