ENA Economy 2017-02-23 06:35:27 <p><strong>Mumbai, Feb 23 (KNN)</strong> Esaf Microfinance and Investments Pvt. Ltd, which is planning to do a soft launch for its small finance bank operations, will have 20% of its portfolio for micro, small and medium enterprise (MSME) borrowers.</p> <p>Esaf Microfinance and Investments Pvt. Ltd is planning a soft launch for its small finance bank operations on 11 March in Kerala. It will run a pilot in five branches.</p> <p>Esaf received a go ahead from Reserve Bank of India (RBI) in November to start small finance bank operations.</p> <p>According to a media report, K. Paul Thomas, chairman and managing director of Esaf said Esaf plans to have 20% of its portfolio for micro, small and medium enterprise (MSME) borrowers, 10% towards housing and agriculture and the remaining 70% towards microfinance borrowers in two years.</p> <p>According to Thomas, discussions are going with financial technology companies that provide credit scores based on non-traditional platforms and will get finalized by next year. They will help in giving loans to MSME borrowers who do not have proof for source of income.</p> <p>Esaf plans to target 3 million customers by financial year 2020.</p> 16515 http://knnindia.co.in/news/newsdetails/economy/after-launching-small-finance-bank-esaf-microfinance-investment-will-have-20-of-its-portfolio-for-msmes 2017-02-23 06:35:27 knnindia.co.in