Name: ESAF Small Finance Bank
Probable Date of opening: August 2016
Deposits: Accept all kinds of deposits, including NRIs
Loans: Focus on micro and small credit needs of poor women in unbanked areas.
Network: 450 branches, 600 service centres
Human Resources: At present, two-thirds of the firm’s 3,000 staff are women.
Loan Approach: Cluster approach to lending – to groups of four or five women. Four or five such ‘affinity groups’ were linked together.
Disburse loans in the range of ₹15,000-₹50,000 to women engaged mainly in agriculture and fisheries.
The present customer base of eight lacs and assets of ₹1,200 crore, will be tapped to scale up the new bank business to ₹10,000 crore in five years.