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</style> <div class="cse-branding-bottom" style="background-color:#FFFFFF;color:#000000"> <div class="cse-branding-form"> <form action="http://www.google.co.in/cse" id="cse-search-box" target="_blank"> <div> <input type="hidden" name="cx" value="partner-pub-3862952639378901:8461082157" /> <input type="hidden" name="ie" value="UTF-8" /> <input type="text" name="q" size="25" /> <input type="submit" name="sa" value="Search" /> </div> </form> <script type="text/javascript" src="http://www.google.com/jsapi"></script> <script type="text/javascript">google.load("elements", "1", {packages: "transliteration"});</script> <script type="text/javascript" src="http://www.google.com/cse/t13n?form=cse-search-box&t13n_langs=en"></script> </div> <div class="cse-branding-logo"> <img src="http://www.google.com/images/poweredby_transparent/poweredby_FFFFFF.gif" alt="Google" /> </div> <div class="cse-branding-text"> Custom Search </div> </div>  <script type="text/javascript"> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script></p> <hr color="#FE8043" size="1" /> <br /> <hr color="#FE8043" size="1" /> <p align="justify"> <b>Please note:</b><br /> For students, this case is intended for use in MBA/ MS level programs as part of the finance/ development economics/ social entrepreneurship courses. This case is also suitable for use in Faculty Development Programs, and Executive Development Workshops catering to lending institutions/ government departments/ social entrepreneurs. </td> </tr> <tr><td align="left" width="70%" valign="top"><p><a href="http://in.linkedin.com/in/ibscaseresearch" target="_blank"> <img title="LinkedIn" alt="ICMR India" width="30" height="30" align="right" src="linkedin.png" /></a> <a href="https://twitter.com/caseresearch" target="_blank"> <img title="Twitter" alt="ICMR India" width="30" height="30" align="right" src="twitter.png" /></a> <a href="https://www.facebook.com/icmr.india" target="_blank"> <img title="Facebook" alt="ICMR India" width="30" height="30" align="right" src="facebook.png" /></a> <a href="http://www.icmrindia.org/icmrindia.xml"> <img title="RSS Feed" alt="ICMR India RSS Feed" width="30" height="30" align="right" src="rss.png" /></a><br></p> <table border="0" width="100%" cellspacing="0" cellpadding="0"><tr> <td align="left" width="50%" valign="top" colspan="3"> <h2>Case Details:</h2></td> <td align="left" valign="top" rowspan="9"><h2>Price:</h2> <table border="1" width="100%" cellspacing="0" cellpadding="3"> <tr> <td colspan="3"><b>Overseas Orders</b></td> </tr> <tr> <td>Mode of Delivery</td> <td>Single Copy</td> <td>Each Addl. Copy</td> </tr> <tr> <td>2 CDs - Airmail</td> <td>600</td> <td>400</td> </tr> <tr> <td>2 CDs - Courier</td> <td>1000</td> <td>600</td> </tr> </table> <br /> <table border="1" width="100%" cellspacing="0" cellpadding="3"> <tr> <td colspan="3"><b>Indian Orders</b></td> </tr> <tr> <td>Mode of Delivery</td> <td>Single Copy</td> <td>Each Addl. Copy</td> </tr> <tr> <td>2 CDs - Courier</td> <td>325</td> <td>310</td> </tr> </table> </td> </tr> <tr> <td align="left" width="17%" valign="top">Case Code</td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">FINMM001</td> </tr> <tr> <td align="left" width="17%" valign="top">Case Length</td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">2 CD's</td> </tr> <tr> <td align="left" width="17%" valign="top">Period</td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">1989 - 2005</td> </tr> <tr> <td align="left" width="17%" valign="top">Pub Date</td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">2005</td> </tr> <tr> <td align="left" width="17%" valign="top">Teaching Note</td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">Available</td> </tr> <tr> <td align="left" width="17%" valign="top">Organization</td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">SHARE Microfin Limited</td> </tr> <tr> <td align="left" width="17%" valign="top" height="16"> Industry</td> <td align="left" width="2%" valign="top" height="16">:</td> <td align="left" width="31%" valign="top" height="16"> Microfinance</td> </tr> <tr> <td align="left" width="17%" valign="top">Countries </td> <td align="left" width="2%" valign="top">:</td> <td align="left" width="31%" valign="top">India</td> </tr> </table> <h2>Abstract:</h2> <table border="0" width="100%" cellpadding="0" cellspacing="0"> <tr> <td align="left" width="48%" valign="top"> <p align="justify"> Microfinance has emerged as a key tool to reduce poverty and promote social development. India is estimated to have about 400 million poor people, i.e., one-third of the world's poor. However, microfinance picked up momentum in India only after the economic liberalization in the 1990s. The success of microfinance organizations like SHARE Microfin Limited (SML) resulted in the greater participation of the commercial banks in the microfinance sector.<br> <br> Established as a non-profit society in 1989 by Udaia Kumar, SHARE transformed itself into a public limited company SHARE Microfin Limited (SML) in 1999.</p> </td> <td align="right" width="48%" valign="top"> <a href="http://icmrindia.org/casestudies/sit_cattexttile.asp?cat=Multimedia%20Case%20Study"><img title="Multimedia Case Study|Case Study in Management, Operations, Strategies, Marketing Management, Case Studies" alt="Marketing Management Case Studies | Case Study in Management, Operations, Strategies, Marketing Management, Case Studies" align="left" src="buycase.png" width="301" height="129" /></a> <br> </td> </tr> </table> <p align="justify"> With an outstanding loan portfolio of USD 37.3 million (as on February 28, 2005), SML was the largest microfinance organization in India in terms of size of the loan portfolio. The organization had around 0.4 million members who had availed of microfinance services. As on March 31, 2004, women members owned over 98.4% of the equity of the company, making it a truly community-owned organization. <br /><br /> The case details the challenges the organization had to face during the initial growth years with regard to customer acceptance, fund mobilization, government regulation, and operational issues. It also discusses the operational model of SML, which was an adapted version of the Grameen model. SML sustained its growth momentum over the years, through innovative fund mobilization efforts using partnership models with private sector banks and structured deals like securitization. The organization also planned to source cheaper funds through bond issues and external commercial borrowings. The success of SML attracted funding from venture capitalists. <br /><br /> The case includes video clips of the field operations and interviews with members/ non-members to help sensitize the learner to the impact of microfinance on the lives of the poor. Interviews with SML's senior management and field executives give an insight into the challenges faced by microfinance entities. <br /><br /> This case will help the learner to<br /> • Understand the nature of the challenges faced by microfinance institutions in India, especially during the growth phase. <br> <br /> • Appreciate the innovative methods used by microfinance institutions such as SML to access capital from banks and financial institutions.<br> <br /> • Evaluate the pros and cons of the operating model followed by SML.<br> <br /> • Gain awareness of the impact of microfinance as a poverty reduction tool. </p> <h2>Keywords:</h2> <p align="justify"> Microfinance, Social Entrepreneurship, Financial Management, SHARE Microfin Limited, Grameen Bank, Venture Capital, Financial Services, Banking, Rural development, India, Netherlands, ICICI Bank, HDFC Bank, Poverty, Microcredit</p> <p align="right"> <a title="A Multimedia Experience in an Indian Village (Article) - Multimedia Case Study - Page2" href="A Multimedia Experience in an Indian Village.htm"> A Multimedia Experience in an Indian Village</a> <a title="A Multimedia Experience in an Indian Village - Multimedia Case Study - Page2" href="A Multimedia Experience in an Indian Village.htm">- Next Page>> </a> </td> <td width="1%"> </td> </tr> </table> </div> <div id="casestudies"> <p align="justify"> <b>Case Studies Links:-</b> <a target="_blank" href="http://www.icmrindia.org/casestudies/icmr_case_studies.htm" title="Case Studies | Case Study in Business, Management, Operations, Strategies Case Studies" >Case Studies</a>, <a target="_blank" href="http://www.icmrindia.org/casestudies/Mini%20Case%20Studies.htm" title="Mini Case Studies | Case Study">Mini Case Studies</a>, <a target="_blank" href="http://www.icmrindia.org/business%20updates/business%20updates.htm" title="Micro Case Studies | Case Study">Micro Case Studies</a>, <a target="_blank" href="http://www.icmrindia.org/casestudies/Case_Studies.asp?cat=Simplified Case Studies">Simplified Case Studies</a>.<br /><br /> <b>Other Case Studies:-</b> <a target="_blank" href="http://www.icmrindia.org/casestudies/sit_cattexttile.asp?cat=Multimedia Case Study" title="Multimedia Case Studies | Case Study"> Multimedia Case Studies</a>, <a target="_blank" href="http://www.icmrindia.org/casestudies/Case_Studies.asp?cat=Cases%20in%20other%20Languages">Cases in Other Languages</a>.<br /><br /> <b title="Business Reports | Business Report">Business Reports Link:- </b> <a target="_blank" href="http://www.icmrindia.org/casestudies/Case_Studies.asp?cat=Business%20Reports" title="Business Reports | Business Report">Business Reports</a>.<br /><br /> <b>Books:-</b> <a target="_blank" href="http://www.icmrindia.org/courseware/books.asp" title="Textbooks | Business Books | Management Books | MBA Textbooks">Text Books</a>, <a target="_blank" href="http://www.icmrindia.org/courseware/books.asp" title="MBA Textbooks | Business Books | Management Books">Work Books</a>, <a target="_blank" href="http://www.icmrindia.org/case%20volumes/case%20study%20volumes.asp" title="Case Volumes | Cases Study | Case Book">Case Study Volumes</a>. </p> </div> </div> <script> (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-116747-3', 'auto'); ga('send', 'pageview'); </script> </body></html>