Role of ESAF in Developing Microfinance Sector
Aarathi Haridasan1, Reshma Satheesh2, Aarathy K Sudhakaran3
1Aarathi Haridasan, Department of Commerce & Management, Amrita School of Arts & Sciences, Amrita Vishwa Vidyapeetham, Amritapuri (Kerala), India.
2Reshma Satheesh, Department of Commerce & Management, Amrita School of Arts & Sciences, Amrita Vishwa Vidyapeetham, Amritapuri (Kerala), India.
3Aarathy K Sudhakaran, Department of Commerce & Management, Amrita School of Arts & Sciences, Amrita Vishwa Vidyapeetham, Amritapuri (Kerala), India.
Manuscript received on 03 June 2019 | Revised Manuscript received on 28 June 2019 | Manuscript Published on 04 July 2019 | PP: 308-310 | Volume-8 Issue-1S4 June 2019 | Retrieval Number: A10540681S419/2019©BEIESP
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The paper describes the concept how microfinance and women empowerment are related. It tries to evaluate the role of developing the microfinance zone with special reference to ESAF microfinance, which is one of the leading microfinance institutions in Kerala. It helps to examine the awareness level of ESAF in different parts of Kerala. The analysis of this paper was conducted on a sample population consisting of 100 women from rural parts of Kerala. From the research conducted, we were able to identify the efficiency of ESAF microfinance on the marginalized population and how effective they were in increasing the living standards of such people. The main foreground of ESAF is the spotlight they give to middle aged women who aspire to be small time entrepreneurs. Hence microfinance is becoming one of the fastest growing industry which provides a unique platform for the rural people to lead a sustainable livelihood.
Keywords: Microfinance, Women Empowerment, ESAF.
Scope of the Article: e-governance, e-Commerce, e-business, e-Learning