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ESAF joins hands with MicroEnergy Credits ESAF Microfinance formally launched its association with MicroEnergy Credits Corporation USA, on Nov 09, 2011. MicroEnergy Credit is a financial intermediary, which links Microfinance institutions to the carbon markets when they lend for clean energy. K. Paul Thomas, Managing Director, ESAF Microfinance inaugurated the program held at ESAF Head Office, Thrissur. Christudas K.V., Director, Natural Resources Management, ESAF, welcomed the gathering. Jennifer Tam, Fellow, Microenergy Credits made a presentation which described the benefits of the program to all stakeholders.  Jennifer Tam ... Read more

ESAF launches fair trade India Brand Prerana handicrafts under ESAF Swasraya Producers Company, has launched Fair Trade India Brand in the City Centre shop at Thrissur on Nov 21, 2011. George Thomas, Director Operations, ESAF Microfinance, inaugurated the program. Last year Fair Trade Forum-India (FTF – India) launched Fair Trade India brand to popularize the concept of fair trade in India. Fair Trade India products will be sold through 100 shops across India, which have Fair Trade Forum membership. Read more

ESAF Organizes Essay Competition ESAF organized essay competition for school going children on Nov 12, 2011. A preliminary test was conducted on the topic 'Primary education and children in India' and 10 best essays were selected for the final competition held at ESAF Head Office, Thrissur. The topics for the finals were Child Labour, Right to Education Act and Role of Missionaries in Promoting Education in India. Mereena Paul, Chairperson, Grievance Cell and Jacob Samuel, Director, ESAF Healthcare distributed Certificates and Mementos to the participants.  Jubili Sherine George, Manager - ESAF Society, welcomed the part... Read more

ESAF conducting impact study on WATSAN programs ESAF Research and Development team has started the process of measuring the impact of Water and Sanitation initiatives launched by the Company through Water Loans and also through programs organized in collaboration with Local Self Governments. ESAF was part of the Jalanidhi (water and sanitation) and Jeevadhara (water connection) projects launched by the State Government.  ESAF has successfully implemented community oriented water and sanitation programs in the states of Kerala and Maharashtra. K. Paul Thomas, Managing Director, ESAF Microfinance said that 'remaining true to our goals' w... Read more

Livable Cities project gaining ground ESAF Livable Cities project is gaining ground in the cities of Nagpur and Bangalore. The project goals are aimed at encouraging playing activities among girl children, as they don't have enough playing parks compared to boys.  ESAF team has organized various outdoor playing facilities for them including cycling and skating with the support of their parents. Also the girls could visit the parks, which are now made functional as a result of the organization's interaction with the Nagpur Municipal Corporation. Read more

ESAF Launches Online Appraisal Software ESAF Corporate HR has introduced the online appraisal software- EAS on Oct 01, 2011, that allows the employees to do their appraisal online. The state-of-the art software was launched by K. Paul Thomas, Managing Director, ESAF Microfinance, by entering the user name and password. The software provides efficient pooling of appraisal data along with vernacular language support to the field staff. Read more

ESAF Organizes NPS training programs at the branch level ESAF was selected as an implementing partner, earlier this year, for the Swalambhan Yojana, National Pension Scheme promoted by the GOI. For that matter, ESAF has taken steps to educate employees across the board, on the product, through training. In November, NPS training was organized at Perumbavoor branch on Nov 10, 2011, at Poomala and Kodungallur branches on Nov 11, 2011, at Punnakkad branch on Nov 14, 2011 and at Nellimattom branch on Nov 17, 2011. Read more

ESAF Central India Organizes NPS Workshop ESAF Central India, organized a workshop on National Pension Scheme on Nov 15, 2011, as part of educating Area Managers about the benefits of the product and on the various operational aspects of the scheme. Akik Desai, Asst. Manager, NSDL and Vinod Vyas, Executive, NSDL were the Chief Resource Persons who shared their knowledge on the product with their participants. 25 members of staff from Central India participated in the program organized at ESAF Training Centre, Nagpur.  The program covered topics like introduction to NPS, product features and operational aspects. Read more

ESAF Organizes Skill Training Programs ESAF organized Skill development program (on dry flower arrangement), for its members at Vakathanam branch, Kottayam on Nov 22, 2011. Christudas K.V., General  Manager, HR and Admin. presided over the function. Gireesh Kumar, Area Manager, welcomed the gathering and Mini Thomas, Program Co-ordinator proposed a vote of thanks. A skill development program on Fabric painting was organized at Kattakada on Nov 28 and 29, 2011. A skill training program for coir products was organized at Amballur branch on Nov 14, 2011. Read more

ESAF SHG Federation Holds State General Body Meeting ESAF SHG Federation State General Body meeting was held on October 29, 2011 at Town Hall Thrissur. P. C. Chacko, Member of Parliament, inaugurated the program. During his inaugural address, P.C. Chacko paid rich tributes on the social development orientation of the Organization and concluded that ESAF would definitely find a place in history for their commitment towards social development. K.V. Dasan, Dist. Panchayath President, distributed a wheel chair to a disabled person. M.P. Vincent, MLA, Thrissur, and I.P. Paul, Mayor, Thrissur also spoke on the occasion. Polls to the SHG Board were als... Read more

ESAF CI team Organizes Design Workshop To encourage the concept of making cities livable for children, A design workshop was organized on Oct 11, 2011 at Hotel LB Sadar, Nagpur By ESAF and Health Bridge. The concept behind the workshop was to develop designs of play equipments for children with special needs. George K. John, General Manager, ESAF, welcomed the stake holders and explained briefly about the project. The workshop was inaugurated by Sandeep Joshi, Standing Committee Chairman, NMC. During his inaugural address Joshi said that NMC would definitely take the privilege of developing an inclusive park and he would like to se... Read more

NCAER Research Study A study conducted by National Council of Applied Economic Research Centre (NCAER) in 5 urban centres and semi rural areas, on assessing the effectiveness of small borrowings in India, indicated that 64 % of individuals who borrow from money lenders, own bank accounts leading to the conclusion that access to savings account with a bank does not guarantee access to credit from bank.  The study concludes that indebtedness is not likely to link with MFIs as MFI Loans are mostly used for productive purposes (Kolkatta highest with 63%). Read more

ESAF organizes training program for unemployed youth ESAF organized a training program for unemployed youth at PWD Rest House, Nadapuram. Sunil Kumar, Circle Inspector, Nadapuram and Noble, Sub Inspector, Nadapuram  Police Station were the chief coordinators of the program. The Chief Resource Person for the 2-hour program was Manu Melwin Joy, Manager, Training. Manu narrated to the audience the success stories of ESAF clients and the impact microfinance created in their lives. As majority of the audience were women, they were keen to know about ESAF and its initiatives. Read more

ESAF signs MoU with MicroEnergy Credits ESAF signed MoU with MicroEnergy Credits Corporation, USA, on 29th Oct, 2011. MicroEnergy Credit is a financial intermediary, which links Microfinance institutions to the carbon markets when they lend for clean energy. Founded in 2007 and based in the United States in Seattle, WA, MicroEnergy Credit works with Microfinance Institutions and Carbon Emission Reducers around the world.MicroEnergy Credit provides a comprehensive set of services which enable leading Microfinance Institutions to rapidly launch sustainable clean energy lending programs. These clean energy programs include products vit... Read more

ESAF Organizes National Pension Scheme Workshop A two day workshop on National Pension Scheme was carried out on 11th and 12th of October, 2011 as part of educating Area Managers about the benefits of the product and Middle Management on the various operational aspects of the scheme.  Rakesh Sharma, DGM, PFRDA was the Chief Resource Person and he shared the major objectives of the project along with the road map to make that happen. Sunil Samuel, Asst. Vice President, NSDL, was the co-faculty and shared information regarding the operational and technical aspects of the scheme. 18 Area Managers from Kerala zone, 21 top level executives ... Read more

“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.”

“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.”

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