Kerala headquartered NBFC-MFI Esaf Microfinance announced last week that it has raised Rs 47.5 Crore through private placement of Non Convertible Debentures (NCD’s). The NCD issue has been fully subscribed and also been listed on the BSE.
The NCD issue has been rated BWB BBB+ by Brick Work Ratings and has been issed to Triodos Fund with Unitus Capital acting as the advisor. Other Social investors in ESAF Microfinance are Dia Vikas Capital and Manaveeya Holdings.
ESAF Microfinance Operations
As of 2014, ESAF Microfinance has a loan portfolio in excess of Rs 500 Crore which it services through it’s more than 150+ branches spread across the states of Kerala, Tamil Nadu, Chhattisgarh and Madhya Pradesh.