Kochi: Chairman and Managing Director of ESAF Small Finance Bank, K. Paul Thomas has been appointed as the Chairman of Sa-Dhan, the largest association of community development finance institutions in India. The announcement was made by Sa-Dhan and representatives of the microfinance industry. This is the second time he has been selected to the post by a panel of industry experts constituted by the organisation.
Commenting on the new appointment, Mr K. Paul Thomas said that he was positively looking forward to getting associated with Sa Dhan, the oldest organisation of microfinance institutions in the country. “Sa-Dhan has played a crucial role in building the standard practice norms for the sector. I strongly believe in the importance of promoting responsible finance to protect the interests of underserved and unserved borrowers,” he said.
Sa Dhan is a Reserve Bank of India recognized self regulatory organisation for non-banking fincancial companies and microfinance institutions. K. Paul Thomas is the Founder of ESAF Group of Social Enterprises including ESAF Microfinance and Investments Pvt Ltd. He has been a management professional for over 32 years out of which more than 25 years are in the microfinance sector.