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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 operations as a two year action research project with a recoverable grant of $25,000 from the Asia Pacific Development Centre, Malaysia and a soft loan of $35,788 from Grameen Trust, Bangladesh...
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