Kinara Capital gets debt funding from Swiss impact investor ResponsAbility
Non-banking financial company Kinara Capital said it has raised Rs 32 crore ($5 million) from Switzerland-based impact investor ResponsAbility Investments AG by issuing non-convertible debentures.
Kinara gets capital from Gaja, focus on MSME lending
Mid-stage private equity firm Gaja Capital has led a Rs 96-crore round of funding in Visage Holdings and Finance, which owns and operates nonbanking finance company (NBFC) Kinara Capital, striking its second deal in the broader financial services sector in the process.
Kinara Capital Closes a New Round of Investment by Michael & Susan Dell Foundation, Shriram City Union Finance Ltd. and Unitus Impact Livelihoods Fund
Michael & Susan Dell Foundation and Unitus Impact Fund today announced an increase in their stake in Kinara Capital, in a new round of equity investment led by Shriram City Union Finance Ltd. The fastest growing MSME focused non-banking finance company, Kinara Capital has also signed a multi-year debt arrangement with Shriram City Union Finance Ltd. (SCUF), one of India’s premier financial services company. Ensuing the funding, Subhasri Sriram, CFO & Executive Director of SCUF has joined Kinara Capital’s Board of Directors. Geoff Woolley, Managing Partner of Unitus Impact and Satyam Darmora representing Michael & Susan Dell Foundation have been on board of Kinara since 2014. Continue Reading
Hardika Shah elected as Ashoka Fellow 2014
By financing the supply chain and mitigating risks in new ways, Hardika is creating new architecture to lend to the millions of small and medium enterprises without collaterals or credit history.
She is providing enterprises with the critical support that has a huge multiplier effect of moving them up the value chain and to attain full economic citizenship. The debt gap for micro and small enterprises in India is about $198 billion, growing at 11% per year. Falling in between large businesses and individuals, these enterprises are neither serviced by traditional banks nor by microfinance institutions due to the perceived risk and lack of collaterals. Continue Reading
Kinara Capital Wins Financial Inclusion Award At Sankalp’14
Capital provides loans in the range of $2K-$20K (Rs.100K-Rs.1M) to micro and small enterprises in India filling the gap between microfinance and commercial capital.
We work with network partners (buyers, trade organizations, franchisors, etc.) across supply chains to source and fund working capital needs of small manufacturing businesses, artisan clusters and agri-retailers. Continue reading… Video Link
Has Impact Investing Lost Its Way?
Impact investors seem to be focused on financial return rather than helping social entrepreneurs solve problems at the base of the pyramid
Our team at Kinara Capital has just closed a new round of equity. Our last round of funding had included a minority investment from a group of angel impact investors — basically, individuals who are investing their own funds in social enterprises. The group of angel investors we worked with comprised investment bankers from different parts of the globe and for whom Kinara Capital was their first foray into impact investment. Continue Reading
Michael & Susan Dell Foundation backs MSME lender Kinara Capital
Founded in 2011, Kinara has financed over 1,200 loans.
Bangalore-based micro, small & medium enterprise (MSME) focused non-banking finance company (NBFC) Kinara Capital has received an undisclosed amount in funding from Michael and Susan Dell Foundation (MSDF) in lieu of a minority stake in the company, as per a press release. Satyam Darmora, portfolio lead-Family Economic Stability at MSDF, has been appointed as a board member of Kinara Capital. The ‘Family Economic Stability’ portfolio of MSDF includes more than 25 micro-finance and skill training institutions. Continue Reading
Dell family foundation invests in Bangalore-based Kinara Capital
Appoints Satyam Darmora as a member on Kinara Capital’s board.
Kinara Capital, a Bangalore-based non-banking financecompany (NBFC) that lends to micro and small businesses, today said it has received an undisclosed amount of investment from Michael and Susan Dell Foundation. The Dell family foundation will hold a minority equity stake in Kinara Capital post this investment. The foundation has also appointed Satyam Darmora, portfolio lead-family economic stability at the foundation, as a member on Kinara Capital’s board. The ‘Family Economic Stability’ portfolio of Michael & Susan Dell Foundation includes more than 25 micro-finance and skill training institutions. Continue Reading
Will The Real Social Entrepreneur Stand Up?
At a recent large social enterprise forum, I couldn’t help but ponder some of the hype around impact investments and social enterprises: “Are we creating a bubble ecosystem?
Are opportunists capitalising on the hype? Is this sustainable?” According to recent statistics, in 2009, the impact investing sector in India was valued at $50 million. In 2013, impact investors committed $390 million in India. Continue Reading
Startups For A Better World
The number of Columbia Business School MBAs who want to use their degrees to address economic, social, and environmental challenges is on the rise.
Collumbia Business School Magzine
About 10 years ago, there were only five or six courses on social enterprise; today, there are more than 20 such electives, and they draw higher-than-average enrollments. More than a third of the student body now participates in extracurricular activities geared toward aspiring social entrepreneurs — up from 10 percent just a decade ago.Continue Reading
Small Is Beautiful
The challenge was to create a model that was scalable, low cost and yet could service the needs of micro enterprises”
Hardika Shah, Founder, Kinara Capital – Outlook Business
KM Rajendra began working at Namaste Exports in 1989 when he was just 13. “I worked for Rs 150 a month as I had no other option since I had lost my parents quite early,” he recalls. Over the years, he moved up the ladder to emerge as a team leader of self-help group Ashraya, run by well-known social entrepreneur Neelam Chibber. But the urge to run an independent enterprise kept getting stronger.Continue Reading
Bangalore-based MSME lending company Kinara Capital raises $1 million Series a funding
According to government website, there are over 26 million MSMEs, with 59.7 million employees.
Bangalore-based micro, small, and medium enterprises (MSME) lending company Kinara Capital (Kinara), has raised about Rs 5.4 crore ($1million) in a series a round led by Sorenson Impact Foundation.Continue Reading
Addressing the needs of the missing middle
As entrepreneurs we know the pains of getting funding.
It is the struggle that binds us. From the local artisan, to the aspiring app developer, everyone could use a little extra cash to help jumpstart his or her business. The problem, as we know, is finding a lender with fair prices that will accommodate the size and type of the company in need. So what are our options? We all know about microfinance, and despite ongoing debates about its effectiveness, it exists and caters to entrepreneurs at the bottom of the pyramid.Continue Reading