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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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ESAF Microfinance applies for small bank license ESAF Microfinance applies for small bank license ESAF Microfinance has applied for the small finance bank licence called for by the RBI. The Organization meets most of the criteria spelt out by the Reserve Bank including the promoter’s capital in small finance banks. K. Paul Thomas, Founder Chairman and Managing Director, ESAF Microfinance said that small finance bank status would help the organization to meet the much needed demand for lending more than Rs 50,000, especially to support micro enterprises, small businesses and agriculture & allied activities. He added that as a class of institutions MFIs were best suited to meet the state... Read more
ESAF organizes state level Arts & Sports Meet ESAF organizes state level Arts & Sports Meet The State level arts and sports meet of ESAF was held at Kottayam on 10th January 2015. Thiruvanchoor Radhakrishnan, Hon'ble Minister for Forest, Environment, Transport, Sports & Cinema inaugurated the programme and K. Paul Thomas, ESAF Group Chairman delivered the keynote address. George Thomas, Executive Director, ESAF Microfinance presided over the function. Sabu Thomas, Chief Financial Officer, George K. John, GM- Operations, ESAF Microfinance and Pawsan Varghese, Head-Operations, ESAF Co-operative Society spoke on the occasion. Read more
ESAF NIDHI celebrates first anniversary ESAF NIDHI celebrates first anniversary ESAF Nidhi Kerala Limited, based at Mannuthy celebrated its first anniversary on 5th January 2015. ESAF Group Chairman K. Paul Thomas Inaugurated the function. P. U. Hamsa (Corporation Counsilor- Mullakkara Division), Jayasree Bhaskaran (Corporation Counsilor- Mannuthy Division), George Thomas (Executive Director, ESAF Microfinance), Paul Joy Palocaren (Chief Operating Officer, ESAF Nidhi), George K. John, Sunny Thomas (Directors, ESAF Nidhi) and Rajeevan M., Branch Manger spoke on the occasion. Read more
ESAF participates in Run Kerala Run ESAF participates in Run Kerala Run At Mannuthy, the home ground of ESAF, the Organization participated in Run Kerala Run, a mass fun run organized on 20th January 2015 to express solidarity with the ongoing 35th National Games. Over 2000 people from different organizations participated in the fun run, which started from Veterinary College and ended at ESAF Head Office premises, Mannuthy. K. Paul Thomas, Chairman of ESAF Group administered the pledge to the participants and M.P, Vincent, MLA of Ollur Constituency flagged off the mass fun run. Branches of ESAF Microfinance across the state of Kerala participated in the mega run. Read more
ESAF Celebrates Republic Day ESAF Celebrates Republic Day The 66th Republic Day of the country was celebrated on Jan 26, 2015 in front of the Corporate Office at Hepzibah Complex, Mannuthy. K. Paul Thomas, Chairman & Managing Director, ESAF Microfinance, hoisted the National Flag and delivered the Republic day message. Read more
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

LATEST NEWS & EVENTS

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ESAF 'Lahanti' wins National Award

Kochi: The quarterly newsletter of ESAF 'LAHANTI' has won the ‘Best Content’ Award (NiB Award) among corporate journals in India. This is a National Award supported by PR Council of India (PRCI) Kerala Chapter and Press Club, Ernakulam. Considering the fact that most other Award winners include corporate behemoths like Reserve Bank of India, Bank of India, Cochin Refineries and a few other PSUs, this is a significant achievement. Oommen Chandy, Honourable Chief Minister of Kerala, handed over the award in a colourful ceremony organised at Taj Residency, Kochi on Feb 21, 2015. Other attendees included K. Babu, Minister for Fisheries, Excise and Port, K.V. Thomas, Member of Parliament, Kochi and Hibi Eden, MLA Ernakulam. K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance received the award along with Sony V. Mathew, Editor LAHANTI and Consultant – Branding and Communications, ESAF Microfinance. K. Paul Thomas later said that this is another feather in the cap for all ESAFians. He also congratulated the entire Communications team for their respective roles in coming out with such a quality output. He specially congratulated Sony V. Mathew the editor of the magazine for his lead role in the initiative.

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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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