New Delhi, June 6 (KNN) Vistaar Finance, a leading lender to Micro, Small and Medium Enterprises (MSMEs) in India, has announced that it has secured a USD 50 million loan commitment from the US Government’s development finance arm, the US International Development Finance Corporation (DFC). What is it.

According to a press release issued yesterday, an initial tranche of USD 25 million has already been received from DFC under this broader loan commitment.

The financing comes on the heels of a recent US$36 million equity investment in Media Finance by leading global private equity firm Warburg Pincus, underscoring the company’s strong growth prospects.

DFC’s investment in Vistaar Finance aims to bridge the MSME financing gap in India, estimated at USD 230 billion annually, or 11 percent of the country’s GDP.

Women-owned and led enterprises, as well as rural MSMEs, face disproportionate challenges in accessing capital, a problem that is meant to reduce this funding.

“DFC’s USD 50 million investment in Vistar Finance will expand access to capital for lending to women-owned and led small businesses in rural India, which face financing barriers,” said James Pollan, Vice President President, DFC Office of Health and Agribusiness said.

“DFC is proud to work with partners like Wistar Finance to support increased access to financing for innovative businesses in India,” he added.

Avijit Saha, CEO, Wistar Finance, thanked DFC for the facility, saying, “We are extremely grateful to the US International Development Finance Corporation (DFC) for the facility that we have. It comes at the right time and helps us in our goal of strengthening women-led entrepreneurship, deepening our presence in rural markets, and reaching out to more vulnerable and underserved consumers.”

Founded in 2010, Vistaar Finance is a pioneer in providing long-term loans to the disadvantaged MSME segment in India.

The company claims to have helped 250,000 MSMEs across 12 states, helping micro-enterprises increase their productivity and revenue levels. With over 2,500 employees and assets under management (AUM) of Rs 4,154 crore, Vistaar Finance has positioned itself as a key catalyst in India’s ‘Make in India’ initiative.

(KNN Bureau)

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