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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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NEWS

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K. Paul Thomas wins TiEcon Award K. Paul Thomas wins TiEcon Award K. Paul Thomas won the TiEcon Emerging Entrepreneur of the year Award 2014. In a function held at Hotel Le meridian Kochi, he accepted the award from Ashok Rao, Chairman Tie Global. During his address, K. Paul Thomas said that the idea behind his entrepreneurial venture was to combine social targets with financial components, without which a holistic empowerment was never attainable. He also thanked the authorities for bestowing him with the honor.Sheela Kochuouseph, MD, V-Star and Rajan Singh, co-founder, Course Brew, won the best woman entrepreneur, and the start-up entrepreneur awards respe... Read more
ESAF emphasizes on empowering women and listening to them The Client Empowerment and Satisfaction Survey 2014 showed that, out of the 350 members participated, all women now enjoyed active participation in key household decision making and were satisfied with the punctuality of the collection meetings. 99% of the participated members opined that their economic well-being improved significantly since becoming ESAF members and 98% were satisfied with the response of staff for queries addressed. K. Paul Thomas, Managing Director, ESAF Microfinance, opined that the survey results pointed out that the Organization was right on its path to attain its visio... Read more
ESAF joins hands with Mathrubhumi Seed to promote Herbal Garden at Home ESAF joins hands with Mathrubhumi Seed to promote Herbal Garden at Home ESAF in association with ‘Mathrubhumi Seed’ organized ‘herbal garden at home’ program promoted by State Medicinal Plants Board. The program organized at Elappully Sree Narayana Public School, aims to promote herbal plants at homes of selected 25 students.  Jacob Samuel, Social Advisor, ESAF Microfinance inaugurated the function. Gangadharan, Secretary, Sree Priya, Principal, Rajan Cherukkad, Mathrubhumi, Chief Sub-editor, Saji K. Thomas, Circulation Manager, and Benjamin Joseph & Radhakrishnan from ESAF spoke on the occasion. Read more
ESAF Celebrates Gloria 2014 ESAF Celebrates Gloria 2014 ESAF group celebrated ‘Gloria 2014’ on December 22, 2014 at St. Joseph's Church Parish Hall, Ollukkara. More than 600 people (ESAF staff and their family members) participated in the function. K. Paul Thomas, Chairman, ESAF Group presided over the function. Mar Andrews Thazhath, Metropolitan Arch Bishop of Syro-Malabar Catholic Archdiocese of Thrissur delivered the Christmas message. ESAF Choir rendered traditional and contemporary carols followed by cultural programs performed by the staff from different entities of ESAF group. Jacob Samuel, Social Advisor, ESAF Microfinance and George Thomas... Read more
ESAF Microfinance participates in the Inclusive Finance India Summit and Livelihoods Asia Summit ESAF Microfinance participates in the Inclusive Finance India Summit and Livelihoods Asia Summit ESAF Microfinance participates in the Inclusive Finance India Summit and Livelihoods Asia Summit, co-organized by ACCESS-ASSIST & ACCESS Development Services at New Delhi from 8th to 11th December 2014. Inclusive Finance India Summit is a global platform to deliberate on issues related to financial inclusion, financial education and financial stability, and build a Financial Inclusion Vision 2020. The Organization was represented by a team of managers under the leadership of Mr. K. Paul Thomas, Chairman and Managing Director. Read more
ESAF among the finalists to receive European Microfinance Award ESAF among the finalists to receive European Microfinance Award ESAF Microfinance was one among the three finalists shortlisted for the European Microfinance Award 2014. The finalists were selected based on their efforts in contributing directly to improving the lives of the clients. ESAF's clean energy for the poor initiative proved a decisive factor in the achievement.XacBank LLC from Mongolia was another finalist for the European Microfinance Award. Through the Eco Product Program, they have facilitated the purchase of over 150,000 energy efficient heating and insulation products to poor district households in Ulaanbaatar (Mongolia).Kompanion Financial ... Read more
Adat Farmers Service Cooperative Bank partners with ESAF for 'Mission Adat – Jaivam Amrutham' project Adat Farmers Service Cooperative Bank partners with ESAF for 'Mission Adat – Jaivam Amrutham' project Actor Sreenivasn inaugurated the Mission Adat – Jaivam Amrutham project initiated by Adat Farmers Service Cooperative Bank in partnership with State Agriculture Department, Kerala Agricultural University and ESAF at Ompathumuri paddy field at Adat on 13th November 2014. M.V. Rajendran, President Farmers Service Cooperative Bank, Adat presided over the function. George Thomas , Director Operations ESAF Microfinance, Dr. U. Jayakumaran, Professor & Head Kerala Agricultural Research Station, Mannuthy, Dr. T. R. Gopalakrishnan, Director of Research, KAU, Mannuthy and Jayaraj Warrier, Caricatur... Read more
ESAF congratulates Kuttiyattoor Grama Panchayath ESAF congratulates Kuttiyattoor Grama Panchayath ESAF Jalanidhi team organized a meeting to congratulate the Kuttiyattoor Grama Panchayath for being selected for the Prime Minister’s Sansad Adarsh Gram Yojana scheme. The meeting which was held on 26th  November 2014 in the project office was presided by the Jalanidhi team leader Eby Koshy. Jacob Samuel, Social Advisor, ESAF Microfinance inaugurated the meeting and handed over a memento from ESAF to C. Sujatha, President, Kuttiyattoor Panchayath. Padmanabhan N., (Vice President, Kuttiyattoor Panchayath), Rajan Puthussery (Secretary, Kuttiyattoor Panchayath) and B. Krishnan (Secretary, BG Fe... Read more
ESAF organizes Nelli Utsav at Thrippunithura ESAF organizes Nelli Utsav at Thrippunithura ESAF organized Nelli Utsav at Ernakulam, in order to conclude the project to  distribute 6000 Nelli saplings in Ernakulam district. The program was organized at Layam Ground auditorium, Thrippunithura on 18th of October 2014.  K. Babu, Honourable Minister of Excise inaugurated the function and  R. Venugopal, Chairman, Thrippunithura Municipality presided over the function. K. G. Srikumar, CEO Kerala State Medicinal Plant Board,  George Thomas, Director Operations ESAF Microfinance, O. L. Pius, Coordinator KSMPB, Thrissur and Jacob Samuel, Social Advisor, ESAF Microfinance spoke on the occasion... Read more
ESAF promotes Aksharajyothi scheme of Mangalam daily ESAF promotes Aksharajyothi scheme of Mangalam daily ESAF is partnering with Mangalam Daily to promote Aksharajyothi Scheme of the daily. Under the sponsorship, Mangalam newspapers will be sponsored to two schools in Adimaly area. In a function held at Santhanpara Govt. High School, Rajakumari, Mr.Viji Abraham inaugurated the program by handing over a copy of the newspaper to the school leader. Like us on FB & keep updated: www.facebook.com/ESAFMicrofin Read more
ESAF Microfinance opens new branches in Kerala & Maharashtra ESAF Microfinance opens new branches in Kerala & Maharashtra ESAF Microfinance opened a new branch at North Paravur, Kerala on 27th November 2014. George Thomas, Executive Director of ESAF Microfinance inaugurated the branch.  George K. John, GM - Operations presided over the function.  Shyam Radhakrishnan, Manager, Axis Bank, North Paravur, Prasanth B. Pillai , Regional Manager, ESAF Microfinance, C. D. Sunny , Area Manager, Kodungallur, Shyni Varghese , Area Manager, Chalakudy, Anand K. B., Manager Operations and Jibi Joseph, Branch Manager, North Paravur spoke on the occasion. At Tiwsa, Maharashtra ESAF Microfinance opened a new branch on  27thNove... Read more
ESAF shortlisted for European Microfinance Award ESAF shortlisted for European Microfinance Award ESAF Microfinance was one among the three finalists shortlisted for European Microfinance Award 2014. The finalists were selected based on their efforts in contributing directly to improving the lives of the clients. ESAF's clean energy for the poor initiative proved a decisive factor in the achievement. So far ESAF has supported more than 70,000 clients with clean energy solutions in the form of solar energy products, smart cooking stoves and water filters. Among the clients almost 68% live on below 2 USD per day and 90% live in rural areas. Also, ESAF is now in the process of developing an e... Read more
ESAF participates in Swachh Bharat Mission ESAF participates in Swachh Bharat Mission On Gandhi Jayanthi day, 2nd October 2014, ESAF participated in Prime Minister’s Swachh Bharat Mission. P. U. Hamsa, Councillor, Thrissur Corporation inaugurated the cleanliness campaign at the premises of ESAF Corporate Office at Mannuthy. K. Paul Thomas, Founder and Chairman, ESAF Group opined that by cleaning up the city, ESAF thought of paying tribute to the father of the nation, albeit in a different manner that could benefit the society as a whole. Click here to see more photos Read more
ESAF Microfinance opens new branches ESAF Microfinance opens new branches Sausar, Madhya Pradesh Roy K. Alex, GM - Strategic Initiatives , ESAF Microfinance inaugurated the new  branch of ESAF Microfinance at Sausar, Madhya Pradesh on 22nd September 2014. Sushil Kumar , Chief Manager Operations,  Sudipta Tribedi , Regional Manager Madhya Pradesh,  Ashok Rathore , Branch Manager Multai,  Javed Ansari ,Branch Manager Sausar,  Binu Thomas ,Branch Manager Pandurna and  Devendra Godbole , Branch Manager Chindwara spoke on the occasion. Pathanamthitta, Kerala ESAF Microfinance opened a new branch at Pathanamthitta, Kerala on 2nd October 2014.  George Th... Read more
ESAF distributes food kits at Thiruvalla ESAF distributes food kits at Thiruvalla ESAF Cooperative Credit Society conducted a free food kit distribution programme in association with the ESAF Microfinance, Thiruvalla Branch on 11th October 2014 at Ottathayikkal Mar Daiscros Memorial Hall, Thiruvalla. The program was organized to support the sangam members who were affected by flood. Adv. Mathew T. Thomas, Honorable MLA of Thiruvalla inaugurated the function and  Joseph M. Puthussery (Ex MLA of Kallooppara) distributed the food kits to the members.  Roy K. Alex (General Manager, ESAF Microfinance) presided over the function.  Pawsan Varghese (AGM & Head- Operations, ESAF... Read more

LATEST NEWS & CURRENT EVENTS

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Kochi: Mr. K. Paul Thomas, Chairman & Managing Director of ESAF Microfinance was selected as the 'Emerging Entrepreneur of the year' of TiE Kerala. This is indeed a great honor to the organization that our CMD received such a prestigious award. The award ceremony was held at Hotel Le Meridian, Kochi on 5th December 2014. The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship.

STORIES OF TRANSFORMATION

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Stitching dreams step by step Stitching dreams step by step Stitching dreams step by stepRadhamani, Tamil NaduAt the age of 26, when most women prefer to relax on the shoulders of their better halves, fate had left Radhamani without  any ... Read more
Steely resolve… Steely resolve… Steely resolve…Archana, MaharashtraArchana is a business woman running a utensils shop in Nagpur. Few years back she decided to join ESAF as she was finding it difficult to bring u... Read more
Fanciful life, fierce determination Fanciful life, fierce determination Fanciful life, fierce determinationRajamani, Tamil NaduRajamani from Sengalipalayam has been with ESAF for more than five years. She decided to join ESAF, when she realized that re... Read more
Tailoring her way to success Tailoring her way to success Tailoring her way to successGurmeet, MaharashtraGurmeet, an 8th standard drop out is now a successful entrepreneur. She is leading a happy life with her husband and two children. S... Read more
The bamboo artist... The bamboo artist... The bamboo artist...Sitamuni Hembrom, JharkhandSitamuni Hembrom and her family were living in abject poverty and were struggling to survive. She belonged to the traditional Bamboo ... Read more
Cups and saucers bring her cup of tea Cups and saucers bring her cup of tea Cups and saucers bring her cup of teaMeena Maruti Gaykoad, Madhya PradeshMeena Maruti Gaykoad aged 35 engages in the business of selling cup and saucers. She is well supported by h... Read more
Dreaming from a food cart Dreaming from a food cart Dreaming from a food cart  Shyby Subash, KeralaShyby Subash runs a food cart adjacent to her home. Her husband Subash, who is a mason, also supports her during his free time. They ... Read more
Small toys... Big dreams... Small toys... Big dreams... Small toys... Big dreams... Sindhya, Tamil Nadu34 year old Sindya is always fond of children. For someone who lived a community life from childhood, 'being a child' always holds a ... Read more
Crispy success story Crispy success story Crispy success storyParashakthi, KeralaParashakthi aged 37 engages in the business of preparing crispy tapioca chips and selling it to bakeries in and around Thrissur.  She is well... Read more
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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