SHARE, one of the largest microfinance institutions in India, started its operations in 1989 as a not-for-profit society. It is the first microfinance institution (MFI) in India to obtain a Non Banking Financial Company (Non Deposit) licence. Since its inception, SHARE has nurtured a vision to provide financial services to people in the low income communities 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).