Small Finance Bank – Update on ESAF Microfinance and Investments Private Ltd., Chennai

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          Date: 24/09/2015

          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.

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