ESAF Microfinance has been chosen by the World Bank Group for executing its India Development Market Place Initiative, a project that aims to scale up innovative business models in Madhya Pradesh, Chhattisgarh and Jharkhand.
The company will receive capacity building support and business mentoring services over the next 18 months from the WB group. At least 200 global organisations, including ESAF, had submitted proposals to the WB for various projects in January. ESAF, having its headquarters at Thrissur, operates across five states covering 35 districts and reaches to over 550,000 households.
