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UMM aims to be a microfinance institution (MFI) for providing convenient banking facilities to its members and other non-member needy individuals. It will provide savings, credit, and insurance facilities to its clients and try to link the community with the development schemes of the government and NGOs. UMM plans to reach a client-base of 10,000 individuals, with an annual disbursement of Rs.10 crores. It would be governed according to democratic principles and managed by a team of professional managers.
The central objective of UMM is to bring social, economical, cultural and political development of the poor who are mainly neglected by the traditional financial system by providing financial facility to the women in hilly areas. |
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