Kinara Capital
Kinara Capital Secures INR 52 Crores from IIX s Women s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs
Monday, March 8, 2021 4:04PM IST (10:34AM GMT)
Designated Funds to Extend Financial Inclusion to an estimated 2500+ Women-Owned Small Businesses in India
Kinara Capital & IIX join hands to advance women entrepreneurs
Bangalore, Karnataka, India: Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women