VISTAAR FINANCIAL SERVICES PVT LTD
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Vistaar Finance Services Pvt Ltd ("Vistaar") is an NBFI which was established in 2010 by two key promoters with extensive experience in retail lending business and microfinance. Vistaar caters primarily to small businesses in the rural and semi-urban areas in India.
What is our funding objective?
Vistaar has received funding from MASSIF since 2013 and FMO has supported the company through CD program for strengthening its IT platform as well as its consumer literacy and employee education. The new loan from FMO-A will support the further expansion of Vistaar’s loan portfolio, for on-lending to microbusinesses and the smaller SMEs.
Why do we fund this investment?
Vistaar’s loan portfolio is directed towards small sized companies categorized as the “missing middle” (which because of their small size and sometimes insufficient loan documentation are too large to be served by microfinance institutions and too small to be served by the banks). A large part of Vistaar’s loan portfolio is directed to rural and semi-urban areas which are not effectively served by most financial institutions in India. This layer of the MSME sector requires specific credit analysis, for which Vistaar has a competitive advantage. FMO supports credit extension to this segment in India among others by providing finance to companies such as Vistaar, which serve this target segment efficiently and at acceptable credit risk levels.
What is the Environmental and Social categorization rationale?
E&S category C. Vistaar does not lend to companies in sectors on the exclusion list.
More investments
| Date | Total FMO financing |
|---|---|
| 6/13/2019 | EUR 0.13 MLN |
| 5/11/2017 | EUR 0.04 MLN |
| 11/5/2018 | INR 300.00 MLN |
| 5/11/2017 | EUR 0.10 MLN |
- Website customer/investment
- http://www.vistaarfinance.com/
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Publication date
- 3/12/2020
- Effective date
- 10/5/2020
- Total FMO financing
- USD 30.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C