Kochi: Thrissur-based ESAF Microfinance, one of the premier microfinance institutions in the country with operations across 10 states, bagged the prestigious SKOCH Inclusion Award and the SKOCH Order of Merit 2016 for financial inclusion. In the 44th SKOCH Summit held at BSE Mumbai, K. Paul Thomas, Chairman and Managing Director, ESAF Microfinance and Mereena Paul, Head HR, ESAF Microfinance received the award from Ashish Kumar Chauhan, MD & CEO, BSE Ltd. SKOCH Award is considered as the highest independent honour in India for financial inclusion.
“When it comes to financial inclusion, ESAF cannot be excluded. We have proved it once again” said an elated K. Paul Thomas after receiving the award. The award is an acknowledgement for people, projects and institutions that have made significant contributions to the cause of financial inclusion or financial deepening. He added that it was a forum to accept those who demonstrated business success through strategy, innovation or use of technology by adhering to the norms of financial inclusion.
ESAF Microfinance was chosen for the awards from 950 nominations received in different categories such as Business Leadership, Digital Inclusion, Social Inclusion, Customer Service and Financial Inclusion. The three stage selection process comprised of sending the nomination in the prescribed format, presenting our case before the eminent jury members and setting up of an exhibition stall to present and display the products and communication materials.
ESAF Microfinance is one among the ten leading MFIs in India. It was the only organization from Kerala that has won an in-principle license to launch a Small Finance Bank. ESAF Microfinance is headquartered at Thrissur in Kerala and operates across 10 states in India.