Vistaar Livelihood Finance a start-up mfi has secured mfR4 grading from CRISIL, a release from the company states. This is one of the highest gradings given by a rating organization for a startup microfinance company in India.
The term Vistaar is a Sanskrit word which means “expansion” and true to its name, Vistaar LFI has notched up more than 10,000 clients in a short period of 4 months by expanding in the states of Karnataka and Tamil Nadu.
Vistaar Microfinance Operations
The company which opened its first branch on August 31st in Mudhol, Karnataka has so far disbursed Rs 14.3 Crores in livelihood generating loans as per the figures available on its website. This has been done through its 13 branches and it’s customer base currently stands at 10,530.
Vistaar LFI is a new second-generation microfinance company that is focussed on Livelihood cluster-centric outreach and uses seamless technology to deliver customized loan products.
Vistaar Livelihood Finance Founders
In May 2010, Vistaar LFI had secured equity funding of Rs 15 Crore from Elevar Equity Advisors Pvt Ltd and SVB India Capital Partners. The company has been founded by Brahmanand Hegde (Formerly with ICICI Rural and Microbanking Division) and Ramakrishna Nishtala (Former Executive Vice President at Fullerton India Credit)
Know more about the Founders of Vistaar LFI