Microfinance

Share Microfin crosses Rs 1,000 crore portfolio

HYDERABAD: City-based, non-banking financial institution, Share Microfin Limited, has crossed a portfolio of Rs 1,000 crore, marking a new phase in its two decades of growth in the microfinance sector.

“It is a significant moment for us to cross the Rs 1,000 crore mark. With a current clientele of more than 1.75 mn and a cumulative disbursement of Rs 4,786 crore, Share will now focus on achieving a target of reaching 15 mn clients with a total disbursement of Rs. 67,387 crore by 2012-13,” Share Managing Director M Udaia Kumar said in a release today.

“Banks should come forward to support microfinance institutions reach out to the poor sections in society, thereby sharing our social commitment,” Kumar said.

A pilot phase of health insurance services to clients in Maharashtra, Madhya Pradesh and Chhattisgarh has been successful, Kumar said adding the company that has presence in 16 states, plans to spread this programme across several places in the country.

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