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K.C. Joseph and Thermabil visits ESAF stall at Sangamam Rendezvous 2012

K.C. Joseph and Therambil Ramakrishnan visiting ESAF stall 

K.C. Joseph, Minister for Rural Development and Thermabil Ramakrishnan, MLA, Thrissur visited ESAF stall organized at Sangamam Rendezvous 2012. The Minister and the MLA during their speech waxed eloquent on the good work ESAF has been doing in the field of social service for the last 20 years. 

The Sangamam-Rendezvous 2012 was organized by the International Council on Social Welfare (ICSW) Kerala Chapter & Department of Social Work, Vimala College, Thrissur. Sangamam-Rendezvous is a platform for organizations to reflect, deliberate and act on various developmental issues and challenges. Voluntary agencies working in the field of social welfare participated and discussed relevant social issues.

ESAF Producers Company to work as BC to IDBI

K. Paul Thomas along with Sherin Mendez of IDBI after signing the agreement. Also seen are Joby C.O., CFO, ESAF Microfinance and Mohd. Firoz, Manager, IDBI.

ESAF Swasraya Producers Company Ltd (ESPCL) signed MoU with IDBI Bank on Sep 25, 2012, to act as a Business Correspondent for them. This is another major step in achieving the Organization’s vision of alleviating poverty and achieving financial inclusion. “ESAF is underscoring its social commitment by acting as a Business Correspondent to IDBI, and hopefully this would help us to cover far more regions that deserve our support” says K. Paul Thomas, Managing Director, ESAF Microfinance. He added that this would give ESAF more exposure on the banking side and help the organization in making more number of people accessible to banking services. The MoU was signed between Sherin Mendez, AGM, IDBI Bank and K. Paul Thomas, Managing Director, ESAF Microfinance.

ESAF signs MoU with Express Money

K. Paul Thomas with Xpress Money team, after signing the agreement.

ESAF signed MoU with Xpress Money, on Sep 24, 2012, which was another step in the Organization’s attempt to serve the poor when they were in need. Earlier, ESAF entered into an agreement with Western Union Money Transfer as well. “By having associations with two of the best money transfer companies, ESAF has taken the right step to add more value to our segment of clients”, says K. Paul Thomas, Managing Director, ESAF Microfinance. Xpress Money is the brand promoted by UAE Exchange, which is the number one money transfer company in the Middle East.

ESAF Organizes International Car Free Day and National Cycle Day

Mamachan sharing his message during the programme. Also seen are K.Paul Thomas and Cristudas K.V.

ESAF organized International Car Free Day and National Cycle Day celebration in collaboration with Energy Conservation Society at Govt. Higher Secondary School, Pattikkad, Thrissur on September 22, 2012. As part of the program a cycle rally was also organized. The rally was flagged off by Mammachan, ASI, Peechi Police Station.

An awareness program on environment pollution was also organized at the school which was inaugurated by K. Paul Thomas, Managing Director, ESAF Microfinance. Christudas K. V., GM, Dairy and Energy, took a session on the importance of Green Energy.

ESAF partners with Mangalam to promote reading habits among children

In order to encourage the reading habits among rural children, ESAF has agreed to partner with Mangalam daily to promote their Aksharajyothi scheme in selected schools in Thrissur, Palakkad and Kothamangalam. In a program organized at Thachampara Deshabandhu School on Sep 24, 2012, Jacob Samuel, Director Healthcare, ESAF inaugurated the function by handing over the newspapers to the School Leader. Deputy HM, KA Ambujam, and Head V.P. Jayarajan also spoke on the occasion.

ESAF Supports landslide victims

ESAF supported landslide victims at Peringattur by providing them with beds, pillows, chairs, almarahs and other utensils. The program was inaugurated by Christudas K.V., General Manager, ESAF. Lissy Kuruvilla, Panchayath President, presided over the function. Sibu K.A., Deputy General Manager, Eby Koshy, Public Relations Officer (PRO) and K.L. Paul, Panchayath Vice-President spoke on the occasion. Nissar Muhammed, Panchayath Member, welcomed the gathering and Mini proposed a vote of thanks.

ESAF Organizes Awareness Campaign at Nagpur

ESAF started three month’s health awareness campaign in Mahasamund , Nagpur with the support of Emmanual Hospital.  The programme was inaugurated by Mr. George K John, General Manager ESAF Microfinance.  Anik George , Area manager, Raipur and Chandraban, Branch Manager, Mahasammund also spoke on the occasion.


As on 31st August 2012    
Outreach in Rs(Mn) in US $(Mn)
Group Lending    
Districts 33  
Branches 151  
Centers 28237  
Members 493960  
Active Borrowers 340754  
Gross portfolio Rs 2447.14 44.01
Own portfolio Rs 1964.98 35.34
Managed portfolio Rs 482.16 8.67
Portfolio Distribution    
Income Generation Loan Rs 1549.95 27.88
Income Generation Loan(2 Year) Rs 771.45 13.88
General Loan Rs 115.90 2.08
VVY Loan Rs 9.07 0.16
Housing Loan Rs 0.77 0.01
Personnel Strength    
Loan Officers 876  
Total Staff 1480  
During the Month    
New Clients 8,518  
Amt. Disbursed Rs 396.64 7.13
Note:- 1$=Rs.55.60