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Bangalore: 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.
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 entrepreneurs.
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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
How Kinara Capital’s Hardika Shah was inspired to help small business entrepreneurs dream big
Kinara Capital’s Founder, Hardika Shah, talks about making the most of opportunities, being true to oneself, and creating impact alongside profitability
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“When life gives you lemons, make lemonade,” is an age old adage used to encourage optimism in the face of adversity. For Hardika Shah, founder of fintech loan marketplace Kinara Capital, this has been her mantra all her life.
“Being from a middle class family, having a blind but ambitious father and an entrepreneur mother, I saw a lot of struggle, inspiration and plenty of jugaad from my early years,” says Hardika. “The importance of hard work and education was always stressed upon. Bucking the cultural norms, my parents let my sister and me break the barriers on what is “acceptable” for girls to follow.”