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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 0 claps Share on “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.” ....
Synopsis The $10 million investment for onward lending to small business entrepreneurs will be deployed over five years from IndusInd Banks impact investing division with full backing from DFC, part of the US federal government. Getty Images Kinara Capital has disbursed Rs 2,000 crore across 56,000-plus collateral-free small business loans. BENGALURU: Bengaluru-based small business lender Kinara Capital on Monday announced securing $10 million million (Rs 74 crore) from IndusInd Bank with a 100 per cent guaranty from the U.S. International Development Finance Corporation (DFC). This is part of a debt and equity round of Rs 100 crore, with equity contribution coming from Kinara s existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital, the fintech non-banking financial company said in a statement. ....