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ESAF Directors in MFIN Task Force

dsK. Paul Thomas, Managing Director, ESAF Microfinance was elected to MFIN task force on Advocacy in the month of July. The members were elected through e-votes and a total of 38 members casted their votes. The Advocacy Committee is chaired by Vijay Mahajan, Chairman, BASIX. Samit Ghosh, Managing Director, Ujjivan, C.S. Ghosh, Chief Managing Director, Bandhan and Dilli Raj, CFO, SKS Microfinance were the other members in the Committee.

George Thomas, Director Operations, ESAF Microfinance was elected as a member of the task force on Media Relations and Communications. C.S. Ghosh of Bandhan and Kishore Kumar Puli of Trident were the other prominent members in the Committee. Apart from Advocacy and Media Relations the members had elected a task force on Credit Bureau.

ESAF MD participates in CEO Roundtable, Jordan

K Paul Thomas at ESAF stall at the CEO Roundtable

K. Paul Thomas ,Managing Director, ESAF Microfinance was invited by Social Performance Task Force (SPTF) Group to attend the CEO roundtable held at Jordan on June 05, 2012. The meeting was organized as part of SPTF annual meeting. During the meeting the participating CEOs expressed their take on integrating SPM as part of responsible finance and K. Paul Thomas presented a case on ESAF Microfinance’s Social Performance Management. He also participated in the closing ceremony of MF4DW Action Research Project organized by ILO at the same venue and presented ESAF's experience in implementing the project. ESAF Microfinance was one among the two MFIs in India selected by ILO to implement the MF4DW project.

BBMP to declare Bangalore as no-vehicle zone

Livable cities project acts as a catalyst

ESAF’s livable cities project in Bangalore acted as a catalyst for change as Bruhat Bangaluru Mahanagar Palika (BBMP) was about to declare Commercial Street as a no-vehicle zone. A report on the same was published in the daily Deccan Chronicle. The report stated that a budget of Rs 1.5 crore was set aside to redesign the street. ESAF in association with HealthBridge Canada is implementing the Livable cities project in the cities of Bangalore, Nagpur and Thrissur, the home turf of ESAF Microfinance. “Our team will be taking more intense and focused efforts and will work closely with BBMP and all other stakeholders to convert this dream into reality” opines K. Paul Thomas, Managing Director, ESAF Microfinance. The livable cities project is intended to make urban cities children friendly through advocacy and networking with Government machineries.  One of the most challenging tasks of the project is to make Commercial Street a ‘no-car zone’.  This is meant to provide greater access to the local stores, provide greater pedestrian safety and create a vibrant social setting within the city that is safe for families. Some other plans envisioned for the Commercial Street are broad walking surfaces for pedestrians, landscaped walls and benches for pedestrians to rest on while shopping, remodeled storm water drain to prevent  stagnation of water in rain and a fancy lighting system to add to the posh ambience of the street.

ESAF organizes Livable Cities Stakeholders meet

ESAF organized livable cities stakeholders’ meet at Marthoma Girls Higher Secondary School, Thrissur at 3PM on 13-07-2012. The agenda of the meeting was to form a network to take the program forward with the support of all stakeholders.  The members of the network would be from different organizations and concerned departments. Shino Davis, Project Officer, welcomed the gathering. He gave an introduction about the project and spoke at length about the need for such an event.  Biju M.C., trainer from Kerala Police took a class on pedestrian and traffic issues in which he cited the problems created by wrong parking of vehicles, encroachment by vendors,    accidents, unscientific layout of footpaths, benefits of walking and cycling  etc. Later M. Usman, Standing Committee Chairman, Thrissur Corporation expressed his views on pedestrian issues.

ESAF Central India honors staff children

ESAF Central zone has felicitated staff children who have scored the highest marks in 10th and Plus two exams.  ESAF Staff Welfare Trust (ESWT) organized the function held at ESAF Center for Excellence (Training Center), Nagpur.  Anna Mathew and Rishab C. Sawarkar won the awards. Mementos and cash prizes for the winners were distributed by Jacob Samuel, Advisor, Social Transformation and George Thomas, Director Operations ESAF Microfinance and Chairman, ESWT. The meeting was presided over by George Thomas.  Roy K. Alex, General Manager, Strategies , Jijo Kuriyappan, AGM, Operations, Heena Das, HR in charge and Leji Joy, Admin in-charge participated in the function.  Apart from them, 20 staff members along with families also joined the function.  Roy K. Alex proposed a vote of thanks.

ESAF organizes health awareness class at Perumbavoor

ESAF Perumbavoor branch organized health awareness classes on July 17, 2012. 70 sangam members benefited from the program and the classes were led by Raghu, Health Inspector and Vipin, Health Supervisor. Biju K. J., Area Manager and Rosily Branch Manager attended the program.


As on 30th June 2012

Outreach in Rs(Mn) in US $(Mn)
Group Lending    
Districts 33  
Branches 152  
Centers 27825  
Members 483389  
Active Borrowers 343885  
Gross portfolio Rs 2519.51 45.29
Own portfolio Rs 2161.49 38.85
Managed portfolio Rs 358.02 6.44
Portfolio Distribution    
Income Generation Loan Rs 1725.13 31.01
Income Generation Loan(2 Year) Rs 681.74 12.25
General Loan Rs 102.97 1.85
VVY Loan Rs 8.77 0.16
Housing Loan Rs 0.90 0.02
Personnel Strength    
Loan Officers 888  
Total Staff 1518  
During the Month    
New Clients 14,018  
Amt. Disbursed Rs 221.56 3.98
  • Note:- 1$=Rs.55.63