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ESAF Microfinance is one of the leading NBFC-MFIs (Microfinance Institution)  in India (RBI Reg. No.: B-07-00652). ESAF had a humble beginning in 1992 with a small office in Thrissur, Kerala, launched by a group of like minded social entrepreneurs. The inception of ESAF was propelled by the growing unemployment among the educated youth. Inspired by the success of Grameen Bank, initiated by Nobel Peace Laureate Professor Muhammad Yunus, the founders of ESAF ventured into micro-financing and creation of self sustainable groups to address the issues of poverty alleviation and employment generation...

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Latest News & Events

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ESAF Staff Welfare Trust organizes RGB    ESAF Staff Welfare Trust organizes RGB The sixth Representative General Body meeting of ESAF Staff Welfare Trust (ESWT) was held at ESAF Corporate Office, Mannuthy on July 23, 2014.  K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance inaugurated the meeting and George Thomas, Director operations, ESAF Microfinance presided over the function.  Jubile Sherine George, Board member ESWT, Thomas C. Mathew, Board member ESWT,  Sandhya Suresh , Sr. Manager, R & D, Anik George , Regional Manager, Chhattisgarh and P. V. Jose , Secretary to Director Operations, all from ESAF Microfinance spoke on the occasio... Read more
ESAF Co-operative opens Branches  ESAF Co-operative opens Branches K. Paul Thomas, Chairman and Managing Director,  ESAF Microfinance inaugurated the first micro branch of the credit society  at Punalur on July 09, 2014. Bosco Joseph, General Manager, Admin, ESAF Microfinance presided over the function. Nijo C.J., Area Manager, Kottarakkara and  Vidhya Murali, Branch Manager, Punalur spoke on the occasion. The second micro Branch of the Co-operative was opened at Palakkad and third and fourth at Alathur and Vadakkenchery respectively on July 19, 2014. George K. John, Director, ESAF Co-operative presided over the function in all the meetings hel... Read more
ESAF Staff Welfare Trust honours top scorers ESAF Staff Welfare Trust honours top scorers In an attempt to motivate and honour the children of the staff, ESAF Staff Welfare Trust gave Academic Excellence Awards to students who scored top marks in the 10th and Plus 2 examinations. The following students won the ESAF Academic Excellence Awards during the academic year 2013-14.Thapasya Thankaraj, daughter of Lalitha S., Ambalappuzha Branch – Plus 2Chinchu Varghese, daughter of Shuby Varghese, Pattikkad Branch -Plus 2Jenisha J., daughter of Swamy Selvam, Elappara Branch – Plus 2Serene Annie George, daughter of George Thomas, Head Office – 10th Sreelakshmi K., daughter of Baby K., Nen... Read more
ESAF sponsors 'M. P. Vincent MLA Award -2014' ESAF sponsors 'M. P. Vincent MLA Award -2014' ESAF Microfinance was the main sponsor of 'M. P. Vincent MLA Award-2014', which was instituted to honor schools with cent percent pass and students who won A+ in all subjects from Ollur constituency. The award function was held at St. Raphel's Higher Secondary School, Ollur on July 25, 2014. Sri. V. D. Satheeshan, MLA , Paravur inaugurated the programme and Sri. M. P. Vincent, MLA , Ollur presided over the function. K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance spoke on the occasion. Read more
Thrissur Mayor endorses the findings of ESAF Livable Cities Thrissur Mayor endorses the findings of ESAF Livable Cities On July 21, 2014, ESAF Livable Cities Team submitted the Charter of Pedestrian Rights to Sri. Rajan J. Pallan, Hon'ble Mayor Thrissur and Adv. Therambil Ramakrishnan, MLA at the Thrissur Corporation Office. The Charter was prepared based on the findings of Walkability Study conducted during the year 2012-13. The Hon'ble Mayor endorsed the Charter of Pedestrian Rights by signing it. K. Paul Thomas, Founder and Managing Director, ESAF Microfinance spoke on the occasion and said that the Organization would remain relevant to the social issues facing the society at large. Read more
ESAF MD on the board of MFIN ESAF MD on the board of MFIN K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance has been elected to the Board of Microfinance Institutions Network (MFIN) for the second consecutive year at the Annual General Meeting held at Hyderabad on June 28, 2014. The voting was done through the secret ballot process and the results were reviewed by the Independent Directors prior to being formally announced. MFIN is an Association of Non-Banking Finance Company-Micro Finance Institutions (NBFC-MFIs). Reserve Bank of India has recognized MFIN as an SRO for the NBFC-MFIs. MFIN has been promoting the key objectives of ... Read more
ESAF observes World Environment Day ESAF observes World Environment Day ESAF organized World Environment Day in association with the forest department. The World Environment day pledge was taken across all branches. K. Paul Thomas, Managing Director ESAF Microfinance inaugurated the function held at Chennai Regional Office. At the Head Office George Thomas, Director Operations, ESAF Microfinance presided over the function. Laila K.S. an ESAF Member won the Green entrepreneur award instituted by the Organization. K.V. Christudas, General Manager Livelihood Support Service & Environment ESAF Microfinance and Jacob Samuel, Advisor – Social Transformation, ESAF Mi... Read more
Two wheeler loans can encourage multitasking A study on women employees by ESAF showed that two wheeler loans had encouraged women employees to do mufti-tasking as it saves more time. Almost 25% of women staff at ESAF commute on two wheelers. The Women at Work Survey 2014 suggested that the major work force at ESAF was happy to work in a non-discriminatory environment with equal opportunities. They have been given equal privileges and are considered on par with men when assigned tasks equivalent to their knowledge and skills. Read more
ESAF launches Audit software ESAF launches Audit software K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance launched the Audit software developed internally by the company on June 26, 2014. The software is expected to smoothen the audit activities as it shifts the entire function from the conventional manual system to an automated platform. K. Paul Thomas during his speech appreciated the efforts of the software and audit teams and called for increased vigil for identifying areas that needed to be improved in the application. The new software was put to use from July 01, 2014. Read more
CRISIL upgrades ESAF’s ratings CRISIL upgrades ESAF’s ratings CRISIL a global analytical company and part of the world renowned Standard & Poor group upgraded the rating of ESAF Microfinance to MFR-2 on a scale of 1 – 8, where MFR 1 is the highest and MFR 8 is the lowest grading. CRISIL rating reflects the current state of the MFI to conduct the business in a scalable and sustainable manner. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance said that greater regulatory clarity, stable operating environment and improved fund flow has worked to the benefit of the Organization. He also praised all the staff and board members for this a... Read more
ESAF receives STAR MFI status ESAF receives STAR MFI status ESAF Microfinance was conferred the title of Socially Transparent and Responsible (STAR) MFI by MIX Market 2013. Out of the 200 + MFIs which participated in the desk review process globally, less than 30 have been awarded STAR recognition. Only 5 MFIs have received this recognition in India. The STAR recognition is given to MFIs who achieve high level of compliance to Universal Standards of Social Performance which includes defining and monitoring social goals, ensuring board, management and employee commitment to social goals, treating clients responsibly, designing products and delivery mo... Read more
ESAF organizes cooking demonstration of Greenway Stoves ESAF organizes cooking demonstration of Greenway Stoves On May 17, 2014, ESAF organized a mass cooking demonstration of Greenway stoves in Chennai. 101 women who owned Greenway stoves lit them together in a meeting held at the Mizpah auditorium at Minjur branch in Chennai. Some of the ladies gave testimonies on the usefulness of the stoves and its economy of effort and money. Representatives from both Greenway as well as Barefoot participated in the meeting. More than 500 people participated in the function including staff from ESAF Microfinance. They were educated on the benefits of cooking with Greenway stoves and the usefulness of solar energy. ... Read more
Vidya Jyothi loans a booster for education of girls Vidya Jyothi loans a booster for education of girls Vidya Jyothi loan was developed by ESAF to support the educational needs of the children of the clients. A survey conducted to assess the benefits of the loans revealed that 56% had utilized it for the education of their daughters whereas 46% had utilized it for the education of their sons. One of the beneficiaries opined that the loan was used for the child who had shown interest in studies. K. Paul Thomas, Managing Director, ESAF Microfinance said that the study proved that ESAF was not only empowering its women clients but also the next generation of women. This truly gels well with the vis... Read more
ESAF to study condition of parks in Thrissur ESAF to study condition of parks in Thrissur ESAF is planning to conduct a study on the existing conditions of parks in Thrissur city and their utility levels and will submit its report to the Municipal Corporation by the year end. Through qualitative intervention, ESAF Livable Cities project had already helped in developing underutilized parks in Nagpur. In 2013-14, Thrissur Corporation had allocated 2.5 cr for the development and maintenance of 8 parks. ESAF also has plans to organize programs for children to make the parks functional. Read more
ESAF participates in SPM Meeting, Senegal ESAF participates in SPM Meeting, Senegal ESAF Microfinance participated in the Annual Meeting of Social Performance Task Force held at Senegal (West Africa). Sandhya Suresh, Sr. Manager R & D, represented ESAF in the function. Sandhya gave a presentation on the feedback of the beta-testing of the new tool developed at global level to measure Social Performance-The SPI-4. ESAF Microfinance was among the 5 beta-testers who were selected for the presentation. Recognizing the commitment of the Organization to Social Performance Management, the Social Performance Director of MIX Market, Micol Pistelli and Senior Analyst of MIX Market ... Read more

Vision

“To be a sustainable, professionally managed and transparent institution, providing financial services, with emphasis on economic development and empowerment of the poor and the marginalized segments of the society.”

Mission

“To positively impact the lives of the neglected class across India, by offering them exclusive financial services along with livelihood development services, healthcare, education, housing and training for skill development.”

Humble Heroes

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Enjoying the sweetness of 'pappadam'... Enjoying the sweetness of 'pappadam'... It's been 5 years since Usha Pampavan enrolled as a client of ESAF Microfinance. The 43 year old lady has been engaged in the business of making pappadams for the past 25 years. Sh... Read more
Water doesn’t force Shalu to meet her waterloo Water doesn’t force Shalu to meet her waterloo ShaluTirpude resides in Silli near Bhandara. For this poor lady, collecting water for daily use was an uphill task as she couldn't afford owning a water tap connection at home. She... Read more
Vimala  a winner in a man's world Vimala a winner in a man's world Manufacturing and dealing with nuts and bolts is no more the fiefdom of men. That's what Vimala Ramdas from Perinjanam, Thrissur, exemplifies. The 45 year old lady is silently putt... Read more
'Sevai' means life for Sujatha 'Sevai' means life for Sujatha Sujata Shewre owns an enterprise which specializes in producing Sevai (vermicelli). The sweetness of her smile is now sweeter than her product as her business is now known in the n... Read more
Her 'mirror' reflects her dreams...  Her 'mirror' reflects her dreams... Her 'mirror' reflects her dreams... Like any other teenager, Severina George, too found it difficult to come to terms with the untimely demise of her father. Hailing from Mulaya... Read more
She loves the breakfast lovers... She loves the breakfast lovers... Premambikai, owns an ‘instant mix’ rice flour producing unit in Pollachi-Tamil Nadu, and is making it big among the micro-entrepreneurs. As a healthy breakfast supplement her produ... Read more
Umbrellas prove an umbrella to Sulochana's life… Umbrellas prove an umbrella to Sulochana's life… 19 years back Sulochana Ramakrishnan came to Laloor along with her husband Ramakrishnan and two children, Nisha and Neethu. Ramakrishnan was a daily wage earner and Sulochana used ... Read more
For Shalini ESAF water loans proved a blessing… For Shalini ESAF water loans proved a blessing… The story of Shalini Yashwant Wagde (aged 34) illustrates the positive impact, microfinance can make on improving the quality of life of slumdwellers. Shalini, along with her husba... Read more
For Zeenath Sincerity is the Secret of Success For Zeenath Sincerity is the Secret of Success 40 year old Zeenath Sidhik’s life is an example of how perseverance pays off in one’s life. She proves that attitude is the key to success and believes that success doesn... Read more
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