VISTAAR FINANCIAL SERVICES PVT LTD
Status: Completed 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 Financial Services Pvt. Ltd. (Vistaar) is a growing non-banking financial company that provides loans to small businesses in rural and semi-urban markets of India. Vistaar has been in operation since 2010, and shows to be successful in developing its lending to (M)SMEs (micro-, small-, and medium-sized enterprises) in mostly rural areas, with specialized credit and acceptance methods and loan products.
What is our funding objective?
The proposed project supports two initiatives: 1.Consumer Literacy Videos, which includes (a) a customer literacy video on insurance to educate customers on available insurance products, and (b) a video on business and livelihood improvement for customers that provides recommendations based on best business practices. 2.Induction and Empowerment Videos focusing on recruitment, professional, and communication skill building, as well as improving collection practices and selling skills.
Why do we fund this investment?
The inclusive agenda of this project is in line with FMO’s impact objectives for inclusive development and economic growth. This project will contribute to customer education, Vistaar’s human capital and thus business development, and also indirectly to the development of young job seekers which will improve their employability potential.
More investments
| Date | Total FMO financing |
|---|---|
| 10/5/2020 | USD 30.00 MLN |
| 6/13/2019 | EUR 0.13 MLN |
| 11/5/2018 | INR 300.00 MLN |
| 5/11/2017 | EUR 0.10 MLN |
- Website customer/investment
- http://www.vistaarlfi.com
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 1/8/2016
- End date
- 5/11/2017
- Total FMO financing
- EUR 0.04 MLN
- Funding
- MASSIF
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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) - B