Ushamath Mahila Mahasangh Ushamath Mahila Mahasangh Ushamath Mahila Mahasangh Ushamath Mahila Mahasangh Ushamath Mahila Mahasangh
Loan Product

Microfinance programs avails of the financial services consisting mainly of savings, credit, insurance etc. for the poor who don't have access to formal sources of finance Over the years it has built good rapport and created enough confidence among the clients though its service delivery mechanism.

Income Generation Loan
Product Features
Loan Size: Rs.5,000 - Rs.25, 000 per member. In the first loan cycle, loan should not be more than Rs.10,000. From second loan cycle onwards, loan amount will be decided on ad-hoc basis.

Loan Term: 18 months for all cycles.

Security : Group of 10-12 members, Joint Liability

Purpose: For income generating activities (both for start-up and for financing existing activities).

Repayment Frequency: Monthly
Word of mouth publicity

Village meetings

Participation in local functions and exhibitions

Billboards in valley level associations and head office

Pamphlets distribution
SHG Meeting Venue

Valley Level Association Office

UMM's Head Office
Filling of Loan Formats

Loan Approval (Approval from SHG, Valley Level Representatives and management team of UMM)

Loan Disbursement

Loan Collection

Delinquency Management
SHG Members and Office Bearers

President ,Treasurer and Secretary of Valley Level Association

Credit Officer

Microfinance Coordinator

Accounts Officer

Physical Evidence
Loan Formats

Supporting Documents: Voter ID card, Ration card, Updated copy of SHG bank statement, Copy of SHG resolution, Stamp paper, two passport sized photographs

Loan Card

Fees Receipt

Collection Receipt

SHG Records

Credit Officer Ledger

UMM's Ledger, Tally Accounting Software Records, and MIS Software Records