How is the ESB Group different to other microfinance institutions?
As a privately held, limited liability corporation registered in the state of Connecticut and New York, we are not incorporated as a non-profit organization 501(3)(c). While we have a strong focus on revenue generation and profit maximization, our business model is different to conventional, microfinance institutions that charge interest. Our business model focuses on micro-equity investing whereby investors receive a share of equity. Furthermore, with most microfinance institutions, the relationship ends at the financing stage, with negligible consulting services and follow up services. By actively engaging with business leaders and community leaders, we provide these services. We do not believe e-based and online organizations can engage with those at the base of the pyramid (BOP) and their clients in such a manner.
As a privately held, limited liability corporation registered in the state of Connecticut and New York, we are not incorporated as a non-profit organization 501(3)(c). While we have a strong focus on revenue generation and profit maximization, our business model is different to conventional, microfinance institutions that charge interest. Our business model focuses on micro-equity investing whereby investors receive a share of equity. Furthermore, with most microfinance institutions, the relationship ends at the financing stage, with negligible consulting services and follow up services. By actively engaging with business leaders and community leaders, we provide these services. We do not believe “e-based” and “online” organizations can engage with those at the base of the pyramid (BOP) and their clients in such a manner.
