Vivriti Capital is a financial service company founded in 2017 and headquartered in Chennai, India. The company provides lending, investing, investment banking, advisory services, and a technology-enabled platform for credit in India. VCPL caters to industries including information technology, financial services, transportation, real estate, media, and retail.
Vivriti’s clients are mainly financial institutions, small enterprises, and individuals that lack efficient access to financial services. Vivriti’s team has expertise in financial services in India, having served over 500 institutions. Through their custom online marketplace, they offer a wide range of services that include prospecting, evaluating, executing, and monitoring debt for their clients.
Impact: Shubham Housing Development Finance Company Limited
Shubham Housing Development Finance Company Limited is a housing finance company that provides home loans to low-income borrowers. The loans can be used by borrowers to purchase a home, home improvement, expansion or from-the-ground-up construction. Shubham works in 75 cities across 9 states in India and has over 100 branches. They have financed over 55,000 homes.
Client Naresh Kumar owns a grocery store but was travelling a long distance to get to work every day. After visiting a local Shubham branch office, he was able to purchase an apartment above his shop. This has cut down his travel time and allowed him to spend more time with his family.
The Praxis commitment
Praxis Mutual Funds supports organizations such as Vivriti Capital through investments in Calvert Impact, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.