For its Vivriti India Retail Assets Fund (VIRAF), Vivriti Asset Management, a platform for credit investment strategies, has obtained an extra $20 million in senior debt commitments from the Development Bank of Austria (OeEB).
OeEB’s most recent investment brings VIRAF’s total commitments to $165 million, bringing it closer to its $250 million goal.
VIRAF, the nation’s first asset-backed securitization (ABS) fund, was introduced in March 2023. It seeks to increase financing for microloans to small businesses, particularly those run by women. The platform supports NBFCs and other financial institutions that cater to underserved borrower segments by concentrating on investing in asset-backed securities that are backed by granular retail and MSME loans.
VIRAF’s assets under management (AUM) had increased to approximately $140 million as of March 2025. Since its inception, it has distributed $200 million through 25 NBFCs to over 350,000 individuals and 100,000 MSMEs, with women accounting for over 75% of the beneficiaries. VAM plans to invest more than $1 billion in retail ABS over the next ten years.
OeEB promotes impact investments in developing nations by funding private sector initiatives that promote sustainable economic growth, with a focus on financial inclusion, SME development, and green finance.
