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Management Committee

AKMI involves all its members in the activities. AKMI secretariat provides the necessary support for making these activities possible. Members meet once in 2 months to review activities and develop strategy in the respective thematic area. Participation in meetings is open to members only.

To build the field of community development finance in Karnataka, to help its members and associate institutions to better serve low-income households, particularly women, in both rural and urban Karnataka and India, in their quest for establishing stable livelihoods and improving their quality of life.

AKMI is registered under the Societies Act of 1860. The association started functioning since latter part of 2006 and finally was registered in the middle of November 2007.

• To, initiate, promote, support, encourage, conduct and organise any and all forms of Community Development Finance and related activities.
• To provide a forum for entities, organisations and individuals engaged directly or indirectly in the field of Community Development Finance in Karnataka, to meet, share and exchange their experiences, expertise and resources.
• To work towards promoting co-operation amongst CDFIs and resolving conflicts amongst CDFIs and entities and organizations involved with CDFIs.
• To serve as a catalyst for further building the field of Community Development Finance in Karnataka.
• To strengthen the capacities of institutions involved in Community Development Finance through research, consultancy, publication and training in different aspects of Community Development Finance.
• To establish linkages between members and resource institutions, such as funding agencies, financial institutions, rating agencies training, consultancy, academic and research institutions.
• To work with other networks and coalitions of institutions involved in Community Development Finance.
• To make representation to the Government of Karnataka, Government of India (GoI), the Reserve Bank of India (RBI) and other regulatory and policy making bodies to promote institutions providing Community Development Finance and help create a favourable policy environment for such institutions, both at a State and National Level.
• To assist bodies that support and represent institutions providing Community Development Finance.
• To co-ordinate with other bodies and organizations whose objectives are similar to the objectives of the Society.

• Facilitate dialogue and synergy between different stakeholders for improving the operating environment. (reducing the legal and operational constraints)
• Assist members in enhancing the management and monitoring quality of operations in such a manner that results in the establishment of common systems and benchmarks procedures (both financial and non-financial) for improved management and wider acceptance of the services in the mainstream banking and financial domain
• Build the perspective of all stakeholders for enriching the knowledge and capacity of microfinance practitioners.