Parinaam offers strategic support to Ujjivan Financial Services Pvt. Ltd. by providing their customers with micro credit "plus" services in the areas of healthcare, education, practical vocational training and job enhancement, basic community services and capacity building initiatives.
Ujjivan is one of the most reputed micro finance institutions in the world. Ujjivan started operations as an NBFC in 2005 with the mission to provide a full range of financial services to the economically active poor who are not adequately served by financial institutions
On October 7, 2015, Ujjivan received an in-principle approval from the RBI to set up a small finance bank (SFB) and is now in transition to become an SFB.
The founders of Ujjivan and Parinaam realized that unless a complete package of supporting initiatives was provided to disadvantaged women and their families, the hope that they could manage their poverty and, some day, rise above it, was an unlikely dream. The partnership gives Parinaam a far broader outreach than would normally be possible and allows us to effectively roll out and monitor our programs.