Registration Status
Shalom Micro Finance Limited is registered under the Companies Act 1956 (No 1 of 1956).  Registered office : Swarna Nivas, Plot No. 885 A, 28th Street, 18th Main Road, Kambar Colony, Anna Nagar West, Chennai – 600 040.
Corporate Office : 59, Grace Cottage, Devi Nagar, Nurani, P.O, Palakkad District, Kerala – 678 014, Tel – 0491-2524480/3292888.
Date of Registration September 12, 2007
Corporate Identity No U 655933TN1994PLC 028100
RBI license for functioning as NBFC is obtained from Chennai branch of RBI. RBI permission letter No. DNBS (CHE) NO/1476/13/23.306/06-07 dt 15th October 2007.

Shalom Micro Finance Limited, a Non Banking Financial Company (NBFC), is a successful example of how private sector can provide innovative services for poor masses, farmers and tiny entrepreneurs. For a country that is now experiencing a rapid economic upturn, the need of the hour is economic development through micro finance. It is with this realization that Shalom has transferred its micro finance operations into the NBFC structure.
With the ever-widening micro finance activities, Shalom realized that the need of the hour is to strengthen the operational efficiency and consolidate in the MF sector. Taking into consideration the regulatory environment, Shalom has transferred its MF operations into a NBFC.
For this purpose, the Shalom has floated a micro finance company named "Shalom Micro Finance Limited” (SMFL).  Jayson Joy. M.J, who has tremendous experience in micro finance is the Managing Director of Shalom Micro Finance Limited.  Job. M.Joy has taken over as the Chief Executive Officer of the NBFC.
Shalom Micro Finance Limited will function within the parameters of Non Banking Financial Company's (NBFC) rules and regulations. NBFC, also known as bank, is a financial institution that provides banking services without meeting the legal definition of a bank, i.e, one that does not hold a banking license. Operations, regardless of this, will be exercised under bank regulations.
As a NBFC, Shalom will comply with Non Banking Financial Companies Act, Acceptance of Public Deposits (Reserve Bank) Directions, 1998 and Non-Banking Financial Companies Prudential Norms (Reserve Bank) Direction, 1998 and any other instructions and provisions of RBI Act 1934 to the extent applicable to the NBFC concerned.  Shalom also should comply with other terms and conditions as the Bank may specify from time to time.
Shalom Micro Finance Limited (SMFL), initiated with an idea to help rural as well as urban poor communities in various aspects of their life, will cater to the financial needs of clients and envisages to reach out to people with a diverse range of products. Shalom Micro Finance sets off with a mission to “build a credible institution to attract investment and provide a range of client oriented financial products and services as well as foster an environment for development of professionals” which will help it realise its vision to “establish the most sought after institution by the low income communities, providing quality financial services for their economic empowerment to enable outreach to 4 lakhs clients by 2012.”

Micro Finance activities of Shalom had initiated in the year 2003, when Shalom undertook SHG-Bank Linkage programme with assistance of Nabard. SBI extended its support to the programme in 2004. Gradually the organisation established the linkages of the groups with nationalised banks but continued exploring additional avenues taking into consideration the complexities of the bank linkage programme. In the past 4 years, Shalom has moved to working on partnership model pioneered by ICICI Bank and also established linkages with several financial institutions for entering into direct lending.
February 5, 2002 was a memorable day for Shalom as the first SHG was formed on that auspicious day at Chirayipalliyal, Kalladikode. Since micro finance was a relatively new concept to the Trust, it was a difficult task to reach out to the rural beneficiaries. In fact, it was Mr. V .K. Satheesan, NABARD AGM, Palakkad, a friend, philosopher and guide of Shalom, who encouraged the formation of SHGs.
The focus of Shalom Micro Finance will continue to be low income earners (people who earn between Rs.1500 to Rs. 12000 per month), in selected districts of Kerala and Tamil Nadu. As on March 31, 2008, Shalom has reached out to 32,085 members, in 213 villages and made available 46,400 loans to the members which includes first, second and third cycle loans. SMFL’s cumulative disbursement since the inception of its operations has touched the figure of Rs. 34 crores.
Having gained several years field level experience, Shalom Micro Finance now aims to expand to other states, enhance outreach in terms of clients served, establish better systems and operate through an appropriate legal framework.
Initially, Shalom Micro Finance activities have focussed on enabling access to financial products and services and this has done in partnership with a number of financial partners. The focus of the intervention has been delivering financial products and services in a sustainable manner and this is the reason that organisation has been able to maintain a near 100% operational self sufficiency in its MF programme. The thrust areas of Shalom Micro Finance are;

• To organize and empower the poor people in the villages through micro Self Help     Groups (SHGs) and promoting income-generating  micro enterprises programme.
•  To provide food, clothing, housing and medical aid to the poor and needy.
• To extent / facilitate financial aid and other assistance in the form of loans/advances to the needy for taking up income generation activities and enabling them to recycle /rotate the proceeds to other sections of the poor and needy.
• To build up and maintain a sustainable development system in the villages through the mobilization and proper utilization of local resources.
•  To organize farmers and farming activities by giving emphasis on livestock development.

Shalom Micro Finance plays a vital role in the rural development. Shalom Credit Officers go to the grass root level to organize and motivate the women for creative and sustainable livelihood activities. Basically, Palakkad district is characterized by agriculture and most of the people derive their income from agricultural activities. However, agriculture gives only seasonal occupation and consequently the income is also seasonal. It provides livelihood only for 132 days in a year. Rest of the days majority of the people are without a job and income. So it will not make any sense to depend on agriculture for livelihood.
It is against this background Shalom has taken up the challenge of micro financing. Micro finance goes deep into the heart of the rural people. They can start their own income generation activities which can be sustained for a long.
Over the years, Shalom has developed its own systems, products and services drawing upon the learnings and guidance of its clients and partners. Three years down the journey the organisation is keen on pursuing micro finance in a more client-driven and commercial manner and hence has laid out ambitious plans for increasing its outreach. In the process Shalom plans to achieve a turnover of over Rs. 350 crore and expand its branch outreach to 65 in next 5 years.
According to Jayson Joy. M.J, Managing Director, Shalom Micro Finance, "Our intention has always been to combine the economical and the social aspects. We want to do something useful and show that the poor masses are benefited."  
While the original thrust on institutional sustainability remains, a variety of global developments during the last few years have contributed to placing poverty at the forefront of the micro finance discourse and in generating interest in alternative models, including SHG-bank linkage.
In addition, Shalom is scaling up its micro finance operations considerably. The recent trends show a high recovery rate of micro finance at about 98 per cent. There is scope for massive growth in micro finance operations. Instead of focusing only on consumption loans to rural households, as is being done now, Shalom is looking towards increased lending to micro enterprises.
Micro finance is widely accepted world over as an effective tool for social economic empowerment of the poor. Shalom Micro Finance programs not only gives women and men access to savings and credit, but also reach to lakhs of people in the rural and semi urban areas by bringing them together regularly in organized groups. These programs can contribute significantly to gender equality and women's empowerment. Shalom micro finance programs contribute to women's ability to earn an income, initiating a series of steps for the economic empowerment, increased well-being for women and their families, and wider social and political empowerment.
Shalom Micro Finance services and groups involving men also have potential to question and significantly change men's attitudes and behaviours as an essential component of achieving gender equality. Gender equality and women's empowerment in turn are integral components of pro-poor development and civil society strengthening.