Page 34 - Kinara Capital News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Non-banking lender Kinara Capital secures $10 million from IndusInd Bank

Small businesses-focused non-banking lender Kinara Capital has secured USD 10 million from IndusInd Bank with 100 per cent guarantee from the US International Development Finance Corporation. The Bengaluru-based NBFC, which has so far disbursed Rs 2,000 crore collateral-free small business loans to over to over 56,000 customers since inception, said it will use the money for on-lending to small businesses over the next five years. It said the latest debt funding is part of a debt and equity round of Rs 100 crore, with equity contribution coming from existing investors Gaja Capital, Gawa Capital, Michael and Susan Dell Foundation and Patamar Capital. Kinara lends to MSMEs across manufacturing, trading and services sectors, Hardika Shah, founder and chief executive said.

West bengalLoren rodwinHardika shahRoopa satishSusan dell foundationUs international development finance corporationIndusind bankKinara capitalGawa capitalNon banking financial institutionsNbfc latest newsNbfc latest udpatesமேற்கு பெங்கல்ஹார்டிகா ஷாரூபா சத்தீஷ்சூசன் டெல் அடித்தளம்

Kinara Capital secures $10 million in funding from IndusInd Bank

The funds will be used by Kinara Capital for expanding financial inclusion of MSMEs, across manufacturing, trading, and services sectors in India. It has has disbursed Rs2,000 crore across 56,000 collateral-free small business loans

India generalWest bengalWipro sumit keshanLos angelesUddhav thackerayMatt hartmanHardika shahIndusind bank impactYamuna expressway industrial development authorityIndusind bankMalaysia airasia groupMichael susan dell foundationGaja capitalSusan dell foundationPatamar capitalSumit keshan

Kinara Capital Secures USD 10 Million from IndusInd Bank with 100 Percent Guaranty from U S International Development Finance Corporation (DFC)

Kinara Capital Secures USD 10 Million from IndusInd Bank with 100 Percent Guaranty from U S International Development Finance Corporation (DFC)
businesswireindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesswireindia.com Daily Mail and Mail on Sunday newspapers.

Us international development finance corporationIndusind bankKinara capitalDevelopment finance corporationஎங்களுக்கு சர்வதேச வளர்ச்சி நிதி நிறுவனம்இந்துசின்த் வங்கிகிணர மூலதனம்வளர்ச்சி நிதி நிறுவனம்