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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 receives Truelift Aspirant Milestone Certificate ESAF receives Truelift Aspirant Milestone Certificate ESAF Microfinance was awarded the Truelift Aspirant Milestone Certificate for completing self-assessment of Truelift Indicators, based on Pro-Poor Principles. Truelift is a global initiative to push for accountability in pro-poor development. It is a trust mark  that signifies commitment in bringing changes in the lives of people affected by  poverty. The certificate was received by Ms. Sandhya Suresh, Sr. Manager, Social Performance Management. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance later said that pro-poor principles have always driven the management to develop... Read more
ESAF launches Ambedkar Hastshilp Vikas Yojna project at Alathur ESAF launches Ambedkar Hastshilp Vikas Yojna project at Alathur ESAF was selected to implement Ambedkar Hastshilp Vikas Yojna (AHVY) project in wooden crafts at Alathur, Palakkad. The project is promoted by the Development Commissioner Handicrafts (DCH) under the Ministry of Textiles, Govt. of India. Ms. Indira Chandran, President, Alathur Block Panchayath officially inaugurated the project in a function held at Tarur AUP School, Alathur on September 09, 2014. Mr. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance welcomed the gathering and explained about the project. Ms. S. Anitha, President, Tarur Grama Panchayath presided over the func... Read more
ESAF observes International Car Free Day ESAF observes International Car Free Day In association with Livable Cities Network, NATPAC and Health Bridge Foundation, ESAF celebrated International Car Free Day on September 21, 2014 at Ramanilayam Road, Thrissur. The theme of the event was ‘PRASANNA VEEDHI PRASANNA NAGARAM’ (Charming roads charming city). Mr. Jacob Job IPS, Thrissur City Police Commissioner, inaugurated the event, which was presided over by Mr. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance. Mr. Satheesan IPS ,NATPAC, Dr. M. Usman Sahib ,President Livable Cities Network, Thrissur, Mr. Jacob Samuel , Director- Livable Cities Project, Mrs. Pha... Read more
ESAF sponsors newspapers to police stations ESAF sponsors newspapers to police stations Eight police stations in Palakkad district will be receiving Kerala Kaumudi newspaper sponsored by ESAF Microfinance. Mr. K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance inaugurated the program by handing over a copy of the newspaper to Mr. S. P. Sudheeran, Circle Inspector of Police, Vadakkencherry. The function was held at the Office of the Circle Inspector on September 03, 2014. Mr. Biju   E. J., Regional Manager , ESAF Microfinance also participated in the function. Read more
ESAF Nidhi branch opens at Vadakkencherry ESAF Nidhi branch opens at Vadakkencherry Sri. K. Kumaran, President of Vadakkencherry Grama Panchayat inaugurated the second branch of ESAF NIDHI Kerala Limited on September 03, 2014 at Vadakkencherry. Mr. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance presided over the function. Sri. Palayam Pradeep, Ward Member of Vadakkencherry and Sri. K. M. Jaleel, President of Vyapari Vyavasayi Ekopana Samithi, Vadakkencherry spoke on the occasion. Read more
ESAF celebrates Onam ESAF celebrates Onam Sree Bhadram Complex, Mannuthy was buzzing with activity on September 05, 2014  as  ESAF Corporate Office celebrated Onam with great enthusiasm and vigor. Sri. M. P. Vincent, MLA, Ollur constituency inaugurated the programme and Sri. C. N. Jayadevan, MP, Thrissur delivered the Onam message. Mr. K. Paul Thomas, Chairman & Managing  Director, ESAF Microfinance presided over the function. Mr. George Thomas, Executive Director, ESAF Microfinance also spoke on the occasion. Apart from a sumptuous Onasadya cultural programs like Thiruvathirakali, Onam Fusion and Onappattu added color to the even... Read more
ESAF Co-operative Credit Society distributes food kits ESAF Co-operative Credit Society distributes food kits As part of Onam celebrations, ESAF Cooperative Credit Society conducted a free food kit distribution programme in association with the Munnar branch of ESAF Microfinance, on August 27, 2014 at Bison Valley. The food kits containing rice, sugar, oil, bengal gram etc. were distributed to more than 140 sangam members who were affected by flood. Mr. M. M. Raju, Member, Bison Valley Panchayath inaugurated the programme which was presided over by Mr. Pawsan Varghese, AGM & Head- Operations, ESAF Cooperative Credit Society. Mr. Jijo Kuriappan, Head Crisis Management Cell, Mr. Viji Abraham, Area M... Read more
ESAF Microfinance receives Disability Inclusion Award ESAF Microfinance receives Disability Inclusion Award ESAF Microfinance along with two other MFIs won the Disability Inclusion Award instituted by National Center for Promotion of Employment for Disabled People (NCPEDP). In a function held at New Delhi on 14th August 2014, Roy K. Alex, General Manager, ESAF Microfinance received the trophy and certificate from eminent journalist Shekhar Gupta, Vice Chairman & Editor-In-Chief, India Today. The award was later handed over to K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance in a function held at ESAF Co-operative on 20th August, 2014. Read more
ESAF Microfinance raises Rs 47.5 crore through NCDs ESAF Microfinance has raised Rs 47.5 crore by way of private placement of Non-Convertible Debentures (NCD). The NCD is listed with Bombay Stock Exchange and has been fully subscribed. The instrument rated BWB BBB+ by Brick Work Ratings has been issued to Triodos Fund, a well renowned social investment fund from Netherlands, owned by Triodos Bank.K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance said "This transaction underscores the trust the banks and financial investors have in the business model of ESAF and in its portfolio quality." He added that the efforts of the staff ... Read more
ESAF organizes MGPSY Awareness programmes ESAF organizes MGPSY Awareness programmes ESAF organized an awareness programme on Mahatma Gandhi Pravasi Suraksha Yojana (MGPSY) in association with Ministry of Overseas Indian Affairs and National Securities Depository Limited (NSDL) on 18th August 2014 at Hotel Alakapuri, Calicut and on 19th August 2014 at Vyapara Bhavan, Nilambur. MGPSY is a social security scheme for Pravasi Indians holding ECR passports and working in ECR countries. At Calicut, the program was inaugurated by M.K. Raghavan, Member of Parliament  and at Nilambur, the program was inaugurated by Aryadan Shoukath, Municipal Chairman.  Roy K. Alex, General M... Read more
ESAF celebrates Independence Day ESAF celebrates Independence Day ESAF branches across the country celebrated the 68th Independence Day in a befitting manner on August 15, 2014. At the Corporate Office, a colorful ceremony was organized on the premises of Hepzibah Complex, Mannuthy. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance hoisted the National Flag. George K. John, Director , ESAF Cooperative Credit Society hoisted the National Flag on the premises of ESAF Cooperative Credit Society, Kalathode. Read more
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

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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