ESAF Small Finance Bank inks a MoU with Kinetic Green Energy

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ESAF SMALL FINANCE BANK has entered a strategic MoU with Kinetic Green Energy and Power Solutions Pvt Ltd (Manufacturers of Eco Friendly Electric Rickshaws) at Pune for the financing of E Rickshaws in their domain operations spread in 13 States of India.


Sulajja Firodia Motwani (Mananging Director KGEPSL) and George Thomas (Executive Vice President, ESAF Small Finance Bank) have signed the MoU on Tuesday, 9th January 2018 in Pune in presence of Hyder Ali Khan Vice President, KGEPSL), Reji K Daniel (Head, Sustainable Banking, ESAF Small Finance Bank) and S Jagtap (General Manager, KGEPSL).


“Urgent efforts are to be taken for stewardship of our planet earth. Clean Air has become crucial to all cities. Non pollutive mobility is the need of the hour for sustainable cities and the MoU is an embodiment of the bank’s commitment for works those who promote clean energy,” said George Thomas (EVP, ESAF Bank).


The MoU is strategic as this step will boost self-employment plans for several youths and women with green businesses. KGEPSL and ESAF SFB will also partner with NGOs for the promotion of these in several cities, starting with a clean energy loan mela in Nagpur shortly.

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