The Sahulat Microfinance Society, an Indian social service organization, recently announced plans to establish 500 interest-free cooperative branches in India by the end of 2016. Additionally, the society will establish four regional offices and training and research units. The cooperative structure does not rely on external funding but utilizes financial resources from its cooperative members to develop a source for lending.

The Sahulat Microfinance Society is a social service organization formed on March 30, 2010, in New Delhi by a group of scholars, economists, professionals and social activists from India. The society has been registered as a national-level nonprofit organization. Its objective is to provide interest-free microfinance loans for socio-economic, educational and economic development.

By Jennifer Shevock, Research Associate

Sources and Additional Resources:
“India: Sahulat to Facilitate 500 Interest-Free Cooperative Branches” July 12, 2010. http://www.syminvest.com/market/news/microfinance/india-sahulat-to-facilitate-500-interestfree-cooperative-branches/2010/7/12/2444?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+syminvestnewswatch+%28Symbiotic%27s+microfinance+news+feed%29

“An Interest-free Microfinance Society Launched” June 6, 2010. http://www.radianceweekly.com/199/5237/SUICIDE-BY-A-NAXALITE-Will-Maoists-Live-Long/2010-04-04/Report/Story-Detail/An-Interest-free-Microfinance-Society-Launched.html

MicroCapital Universe: Sahulat Microfinance Society: http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Sahulat+Microfinance+Society

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