ESAF MICROFINANCE AND INVESTMENTS (P) LTD
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
ESAF is a Microfinance Institution based in Kerala, India. At present, ESAF operates through 160 branches in 34 districts with some 447,000 borrowers and 1.749 employees. ESAF's products can mainly be divided into two categories: financial products and credit plus services. Under the financial products the company primarily provides microfinance loans (98%) to women based on the Joint Liability Group (JLG) model.
What is our funding objective?
Our funding will help the client grow its portfolio, with a focus on green lending including loans to finance small solar panels and efficient cook stoves.
Why do we fund this investment?
ESAF is a well performing Microfinance Institution with high social focus and strong willingness to innovate. Its development of green financial inclusion fits FMO's ambitions and impact objectives.
More investments
| Date | Total FMO financing |
|---|---|
| 3/25/2019 | INR 170.00 MLN |
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 3/26/2015
- End date
- 3/25/2019
- Total FMO financing
- INR 230.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C