SHARE Microfin Limited

2024-2025

ICRA assigned a long-term rating of [ICRA]BBB-. The Outlook on the long-term rating is Stable.
ICRA has assigned [ICRA] A(SO) for the Pass – Through Certificates (PTCs) backed by microfinance loan receivables originated by Share Microfin Limited.
Added 3 new lenders to the borrowing profile.

2023-2024

Added 7 new lenders to the borrowing profile and secured Term loan sanctions of Rs. 151 Cr.
Executed Direct Assignment transactions worth Rs. 45 Cr of Microfinance pool in December 2023 and March 2024 with Annapurna Finance.
ICRA has assigned “[ICRA]A-(SO)” for the Pass-Through Certificates (PTCs) backed by micro loan receivables originated by Share Microfin Limited.
Executed PTC transactions worth of about Rs. 48 Cr. with MAS Financial Services.

2022-2023

Secured Business Correspondent (BC) sanctions of Rs. 500 Cr from ESAF, SIDBI and ICICI Bank.
Successfully repaid all AP - MFI crisis related obligations.
Secured Term loan funding of Rs.25 Cr from Maanaveeya Development & Finance Pvt. Ltd.
Strengthened Board with appointment of two new directors:
- Mr. Rajender Mohan Malla (Former Chairman and Managing Director of SIDBI and IDBI Bank) as Independent Director
- Mr. Verghese Kurudamannil Jacob (Head of Marketing, Industrial Products & Group Vice President (HRD) with Godrej & Boyce group and former Ombudsman of the Bharat Financial Inclusion Limited) as a Director.
Implemented Business Correspondent (BC) operations successfully by disbursing Rs.124 Cr.
Chosen to contribute and participate in MFR impact study and 60 decibels customer experience survey study.

2020-2021

SHARE has been selected from India for CGAP digitization project both Measurement Workstream and Automation Workstream.
SHARE has been assigned "MFI 2" grading by CARE Advisory Research and Training Limited.
SHARE has been assigned "C2" SMERA Rating on a five point scale C1 to C5
Introduced SHARE Staff Mobile App
Introduced SHARE Client Mobile App

2019-2020

Initiated Cashless Repayment options to clients
Integrated Centralised Cash Deposits

2018-2019

Rolled out centralised KYC
Focus on cashless disbursement and recovery processes
Mobile software piloted in operations
Migrated to Web based technology

2017-2018

Demerger Sanctioned
Successful implementation of demerger
Compliant with all regulatory requirements including NOF, CRAR
Successfully handled demonetisation impact
Cashless disbursement modes introduced
Utilised Bio-metric attendance and monitoring systems.

2016-2017

Application for demerger filed with necessary stakeholders approvals
Received RBI’s forbearance extension for NOF & CRAR requirements.

2015-2016

Tranche-C funding proposal taken up
Demerger plan finalized with all stakeholders

2014-2015

Re-classified as NBFC-MFI by RBI
Consolidated operations

2013-2014

Demerging of Andhra and Non- Andhra operations mandated as the apt way forward by senior level bankers
Fresh funding approved by lenders
Adopted Fair Practice Code and Grievance Redressal Mechanism in line with RBI guidelines
Facilitated GOI’s Swavalamban Yojana
Received forbearance from RBI on CRAR and NOF requirements

2012-2013

Introduced Human Resource Payroll Management Module, further strengthening IT processes of the company
Company’s request for taking up securitization approved

2011-2012

As per lenders’ advice, entered into Corporate Debt Restructuring
All compliances as per guidelines met
Operations in states other than AP performed well at 98% Repayment Rate

2010-2011

Set for an IPO
AP MFI Act crisis jolted the sector, including SHARE
RBI's special dispensation to lender’s exposure to AP MFIs and acknowledgement that crisis was due to external environmental factors and not credit- weakness per-se

2009-2010

Ranked 12th in 2009 MIX global 100
Ranked amongst top 3 MFIs as per CRISIL’s top 50 MFIs in India
Accredited A1+ for Securitisation Transaction
SBI’s first exposure to Microfinance sector through term loan to SHARE
First MFI to raise Tier – II Capital (Subordinate debt) of Rs. 100 Cr
Listed on Wholesale Debt Market segment of Bombay Stock Exchange (BSE)
Worked with Deutsche Bank for strengthening the Credit Scoring Model
Played active role in formation of Credit Information Bureaus and SROs for NBFC – MFI sector

2008-2009

Expanded presence across 6 new states, marking presence in total of 16 states
Highest grading of MFI 1 assigned by CARE
Made tie ups for offering Health insurance to clients
10% of portfolio diversified to Individual loans
Tie ups with TATA Communications and Reliance Communications to interconnect branches with Head office on real time basis
SHARE’s Annual Reports won two Bronze Awards at the Pepper Awards

2007-2008

Offered Money Transfer Services
Expanded into 5 new states, marking presence in 10 states
Further diversified product offering to include Sanitation loans, Personal loans

2006-2007

Crossed benchmark of serving over 1 Million Clients
First MFI to raise Equity investment of Rs. 122 Crore from Marquee Investors

2005-2006

Offering services in 300 branches across 5 states
Successfully handled the Krishna District Crisis

2004-2005

Introduced Housing Loan
Attained Rs. 100 Cr portfolio
Introduced Education Loan Product
MCril rating of ‘Alpha Plus’ signifying very high safety with good systems
Partnership model collaboration with ICICI Bank

2003-2004

First MFI in Asia to securitise unsecured micro loans
Geographic expansion into Chhattisgarh and Karnataka
Established regional training centres
Provided technical assistance to other MFIs overseas

2002-2003

Attracted attention from US Treasury Secretary and US Ambassador
Introduced Micro Enterprise Loans
100th Branch Inaugurated
Conferred with “Lifting Up the World with Oneness Heart” by the UN Peace Foundation

2001-2002

Initiated Village Power Project to promote the use of Solar Energy
Village Vision Project a training program to promote the use of eye glasses
Commenced formal Impact Assessment Studies

2000-2001

Rated as a strong and quality MFI by MCril and CRISIL
Awarded with “Excellence in Microcredit” by the Grameen Foundation, USA

1999-2000

Incorporation of SHARE
Achieved operational self- sufficiency

Milestones