Mr. Dotturaj had a vision of manufacturing and supplying raw materials for the Power Loom Industry located in Ellampillai region. In 2005 Dotturaj along with his brother began a dealership by procuring jerry in bulk from Surat and supplying it to the power loom owners. In mid-2006 he purchased his first twisting machine to make jerry and supply it to saree manufacturers. This business was the first profit making venture for Dotturaj. By 2009 the machine count had become 4 and profits increased to 300% by 2009. With increased income, Dotturaj's standard of living bettered and in 2012 he built his own house also bought a plot of land. Today, after 10 years, he owns 8 Pressure Twisting Machines which can produce high grade jerry.
- DotturajPower Loom
- VenkateshHotel Business
- MahalingappaGeneral Stores
“Over 15 years ago I learnt the basic operational work from my father for running a small business and in 2006 started my own business. Initially I used to take small loans from local money lenders for regular stock purchase. However, it became difficult for me to pay back the actual and interest separately. That is when Vistaar executives explained about their business loan and products. I took a first loan for constructing my manufacturing facility and increased my production. I have been able to pay all my EMIs on time and with no cheque bounce either. I am keen on associating with Vistaar even in the future for further expansion of my business."
Originally from Udupi, Venkatesh moved with his family to Mudhol, 20 years ago, to work as a supplier for a hotel. Soon he started a tiffin centre which grew into a substantial business. In 2011, he bought a bigger commercial space with help from his father. In 2014 he took his first loan from Vistaar for Rs. 15 lakhs and started a brand new vegetarian restaurant in Mudhol after closing a loan from the KVG bank. His business has since then increased by 45%.
“I learnt the basics of doing business by understanding customer needs and fulfilling them in a manner that they become return customers. When the Vistaar representative explained about their Unique Credit methodology of providing loans by analysing respective businesses, it actually gave me confidence of availing a bigger Loan so that I can increase my stock level. My Business is doing very well. Earlier I had availed a loan from a bank which I closed and prefer interacting with Vistaar”
In 2008 Mr. Mahalingappa had started a small kirana and General stores in Dhavaleshwar village; his brother was a partner in the business. Through his shop he not only sells kirana products but also sells agri related plumbing materials like pipes and bolts. After availing a loan from Vistaar his business turnover increased by 35%, which he achieved by maintaining sufficient stock level in his shop. His family is very happy and his living standard has improved. He also bought 7 acres of land in which he is cultivation sugarcane and turmeric.
“The process of taking a loan from Vistaar was a simple and happy experience for me. Everything was explained to me by the Vistaar representative and even though I was skeptical initially, after understanding their process, I felt I could take a loan. There was door to door service and I had to go their office only once to sign the documents. With Vistaar loan, I have improved my business significantly and able to repay monthly EMI on time.”