The Bangalore
South Center

“Sit idle no more. Go out and spread your charm”

Kamma Mahila Souharda Credit Co-operative Limited

is a registered society (year 2011) under Karnataka Souharda Sahakari act,1997. On the occasion of international Women's Day celebration on 8th March 2011, KMSCCL started its operations. The society is totally managed by women only. The jurisdiction of the society is the entire state of Karnataka, India.

HISTORY

  • Parent organization “The Bangalore South Centre” had an intention of providing a platform to the women members to explore their potentiality and skills to help economically weaker section women to stand on their own and improve their economic stability. This led to establishment of “Kamma Mahila Souharda Credit Co-operative Limited” with the support of group of women.

VISION

  • To become the largest women empowering Co-operative society of the community in the country.

MISSION

  • To focus on member’s need and work for the sustainable development of our community through the policies accepted by our members.
  • To provide timely, fast, secure, co-operative financial services to our members.
  • To provide collateral free loan with terms decided by the society at the low interest rates for Self Help groups.

OBJECTIVES

  • The main objective of KMSCCL is to avoid Women going to private money lenders or other financial institutions for loan with high interest rate.
  • Identifying prospective Women entrepreneurs.
  • Promotion of marketing facilities to Women entrepreneur by organizing small scale entrepreneur exhibitions periodically.
  • To provide financial assistance and Technical skill to the needy women.

MANAGEMENT

  • The society is managed by a board of directors consisting of 15 directors led by President and Vice President.
  • There is an advisory committee of 5 members who are experts in their fields of Finance, Administration, Operations and also qualified Legal Advisors and Property Valuators.

ACHIEVEMENTS

  • As on 30.09.2022, there are 1813 shareholders with more than 1 crore paid up share capital.
  • The society is continuously making profit since from the date of its inception and disbursing dividend to its members.
  • The society is making continuous profit since its initiation and declaring dividends to its shareholders ranging 8% - 12%.
  • The society has more than 1.25 crore reserve funds.
  • Visionary Directors with high integrity and the dedicated professional staffs are responsible for this achievement.
  • Helped the needy and economically weaker section women, groups of maximum of 20 women formed under SELF HELP GROUPS and financial assistance is being provided without any security with low interest to carry out small business viz, vegetable vending, flower vending, tailoring, homemade catering, etc,.
  • At present there are 8 such groups getting financial assistance from the society.