News on Medial

International Women's Day 2024: How Kinara Capital is empowering women in MSMEs

Livemint · 1y

Hardika Shah, CEO of Kinara Capital, believes that there is a need for women-oriented loan products in the Micro, Small and Medium Enterprises (MSME) sector in India, where women ownership stands at almost 20%. Kinara Capital, an NBFC, is contributing to the growth of women-owned MSMEs by providing unsecured business loans. Their HerVikas program has disbursed over ₹700 crore in discounted collateral-free loans, leading to job creation and income generation. Shah advocates for unsecured loans to ensure financial inclusion for women entrepreneurs. Kinara Capital also focuses on challenging the male-dominated fintech industry and promoting gender inclusivity within their company.