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

Livemint

Livemint · 1y ago

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

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.

Related News

ET Startup Awards: Hardika Shah of Kinara Capital named the Woman Ahead

Economic Times

Economic Times · 9m ago

ET Startup Awards: Hardika Shah of Kinara Capital named the Woman Ahead

- ET Startup Awards 2024: Minister Ashwini Vaishnaw presents Woman Ahead award to Hardika Shah of Kinara Capital. - Hardika Shah expresses satisfaction in empowering women. - Kinara Capital's Hardika Shah receives recognition at ET Startup Awards 2024 for her outstanding contribution. - Minister Ashwini Vaishnaw commends Hardika Shah's efforts in empowering women. - Woman Ahead award recipient, Hardika Shah, emphasizes the importance of empowering women in society.

ETSA 2024: Hardika Shah’s Kinara building a credit bridge for the MSMEs

Economic Times

Economic Times · 9m ago

ETSA 2024: Hardika Shah’s Kinara building a credit bridge for the MSMEs

- Hardika Shah founded Kinara Capital, a company that provides unsecured loans to micro, small, and medium enterprises (MSMEs) in India. - Kinara Capital aims to surpass $100 million in revenue this year and has a physical presence in over 100 cities. - The company operates in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Maharashtra, and Gujarat, and plans to expand further in these areas. - Kinara focuses on deepening its reach in existing markets and forming strategic partnerships to serve more MSMEs. - It offers collateral-free business loans ranging from Rs 5,000 to Rs 30 lakh. - Kinara has supported over 82,000 MSMEs in sectors such as manufacturing, construction, and building materials. - The company achieved its ninth consecutive profitable year in fiscal 2024, with a net profit of Rs 62 crore. - Kinara uses technology to improve its underwriting process and customer support. - Kinara operates 133 branches with over 1,600 field staff, providing doorstep services and omnichannel customer support. - The company runs the HerVikas program, which supports women-led MSMEs with tailored financing solutions. - Kinara expects to surpass $1 billion in cumulative disbursements and advocates for MSMEs to benefit from green and WaSH financing. - The company has adjusted its business model to comply with increased regulatory scrutiny in India's digital lending sector.

Exclusive: Kinara Capital Bags $24.4 Mn Debt Funding From Impact Investment Exchange, BlueOrchard

Inc42 · 1y ago

Exclusive: Kinara Capital Bags $24.4 Mn Debt Funding From Impact Investment Exchange, BlueOrchard

Bengaluru-based fintech startup Kinara Capital has raised $24.4 million in debt funding from Impact Investment Exchange (IIX) and BlueOrchard Microfinance Fund. The company raised $14.4 million by allotting debentures to IIX's Women's Livelihood Bond 6 (WLB Asset VI) and received $10 million by allotting bonds to BlueOrchard Microfinance Fund. Kinara Capital aims to empower women entrepreneurs through its 'HerVikas' program, which offers unsecured business loans and working capital loans. The company has disbursed over INR 4,000 crore ($545 million) to more than 50,000 customers to date.

ET Women's Forum: Empowerment transforms lives, says Deepthi Reddy N

Economic Times

Economic Times · 18d ago

ET Women's Forum: Empowerment transforms lives, says Deepthi Reddy N

Reliance Foundation focuses on empowering women through initiatives like economic empowerment, digital inclusion, and leadership development. Deepthi Reddy N, leading the women's empowerment initiative, highlighted at The Economic Times Women's Forum how such efforts are pivotal for transformative change and can redefine India's development by 2047. The foundation runs programs across states to economically empower one million women, address digital divides, and support leadership in vital sectors like education, culture, and rural transformation.

US, India join forces to promote women's inclusion in STEM

Economic Times

Economic Times · 1y ago

US, India join forces to promote women's inclusion in STEM

The United States is reviving the US-India Alliance for Women's Economic Empowerment, a public-private partnership aimed at empowering women and girls in India to pursue STEM fields and fostering gender inclusion in employment and entrepreneurship. The alliance, which includes the US State Department, USAID, and other organizations, will work to identify barriers and create opportunities for women in STEM. Patricia A Lacina, deputy chief of mission at the US embassy in India, emphasized the importance of empowering women for economic growth and shared that the United States will continue to prioritize efforts to strengthen women's economic security and empowerment.

From Banaskantha to boardrooms: Gautam Adani’s pledge for women’s empowerment

Business Today

Business Today · 3m ago

From Banaskantha to boardrooms: Gautam Adani’s pledge for women’s empowerment

Gautam Adani, Chairman of the Adani Group, is committed to promoting gender equality and women's empowerment. Inspired by the women in his life, he supports initiatives like the Butterfly Effect framework and the Lakhpati Didis program under the Adani Foundation. These programs focus on enabling women to achieve financial independence, with over 1,000 women already benefiting. Adani's pledge underscores the importance of empowering women for broader societal progress.

Forecasting the Evolution: Women Entrepreneurs' Vision for the Future of Business

StartupTalky

StartupTalky · 1y ago

Forecasting the Evolution: Women Entrepreneurs' Vision for the Future of Business

With International Women's Day approaching, the role of women in business is being redefined by female entrepreneurs who are leaving a significant mark. Their ability to overcome hurdles and create a sense of team cohesion is transforming lives. Several women entrepreneurs share their perspectives on the future of women in entrepreneurship. They emphasize the need for empowerment, diversity, and inclusivity. They commit to supporting women in their entrepreneurial endeavors, breaking stereotypes, and fostering an environment where every woman's ambition can thrive. Challenges such as access to funding and work-life balance need to be addressed to create equal opportunities for women.

Celebrating Women’s Day with Leading Voices of the Corporate World

Livemint

Livemint · 1y ago

Celebrating Women’s Day with Leading Voices of the Corporate World

The article discusses the importance of women's empowerment in the corporate world and highlights the underrepresentation of women in leadership roles. It mentions a study by McKinsey & Company that shows businesses with more women in top executive positions tend to be more profitable. The article also mentions Shine's International Women's Day campaign, which focuses on industry leaders who are implementing inclusive practices to drive meaningful change. It features organizations like SUGAR Cosmetics, Edelweiss MF, Wipro, BCG, Deutsche Bank Group, and Tata Steel as examples of companies making progress in promoting gender equality.

Women lead nearly half of Indian startups: Yukti Gaur

Inshorts · 3m ago

Women lead nearly half of Indian startups: Yukti Gaur

On International Women's Day 2025, Yukti Gaur, CEO of IP India, highlights that women lead nearly half of India's 1,52,139 startups. Emphasising the theme "Accelerate Action," she calls for breaking barriers and achieving equality, stating, "If a woman has her logic in order, she can command the room." The path to gender parity demands urgency.

Lendingkart Pockets $10 Mn For Onward Lending To Small Businesses

Inc42 · 1y ago

Lendingkart Pockets $10 Mn For Onward Lending To Small Businesses

Fintech startup Lendingkart has raised $10 million in external commercial borrowing from Swiss impact investor BlueOrchard. The funds will be used for lending activities to micro, small, and medium enterprises (MSMEs). Lendingkart plans to utilize non-convertible debentures listed on India International Exchange in GIFT City. The company claims to have disbursed over $1.8 billion in loans to MSMEs since its inception. BlueOrchard has been actively investing in Indian lending startups, including Kinara Capital, Varthana, and AVIOM Housing Finance. Lendingkart turned profitable in the financial year 2022-23, with a net profit of INR 118.8 crore.

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