University Meets Microfinance (UMM) is a European initiative which fosters cooperation between universities, students in Europe and microfinance practitioners to contribute to microfinance innovation and education for development. UMM is mainly active in the domains of microfinance education, microfinance research, information capitalization, professional exchange and dissemination of information. All UMM activities are carried out under the umbrella of the European Microfinance Platform (e-MFP) in the frame of the e-MFP "UMM" Action Group.
UMM was launched in 2009 by Positive Planet and Freie Universität Berlin with the support of the European Union, the PlaNet Finance Foundation and other partners. Since 2012, UMM has been co-financed by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) and receives further support from the European Union, the Agence Française de Développement (AFD), the European Investment Bank Institute, the Freie Universität Berlin and the Frankfurt School of Finance and Management for the period of 2013-2015.
To learn more about microfinance & financial inclusion, visit these free online resources:
UMM Photo Gallery
What is Microfinance?
Microfinance can be defined as offering adapted financial services – credit, savings, insurance and money transfer services – to poor people excluded from formal banking systems. Innovative approaches to microfinance can foster economic development and access to basic services including housing, health, education or energy (Microfinance Gateway).
What is Financial Inclusion?
Financial inclusion is the term used to describe the evolution of microfinance into a more all-encompassing phenomenon. Defined by the Center for Financial Inclusion as "a state in which all people who can use them have access to a full suite of quality financial services, provided at affordable prices, in a convenient manner, and with dignity for the clients." Financial inclusion is characterized by its ability to reach all populations, no matter their geographic location, accessibility, or wealth.