Industry experience is a valuable advantage for entrepreneurs as it equips them with an in-depth understanding of the market, customer preferences, and potential opportunities. With prior knowledge of the industry, entrepreneurs can mitigate risks, make informed decisions, and leverage their established networks to gain a competitive edge. Efficient resource allocation and enhanced decision-making are some of the key benefits that industry experience brings to entrepreneurs.
However, to fully capitalize on their expertise and take their business to the next level, entrepreneurs need essential financing support. Adequate funding allows them to invest in research, development, and new technologies, enabling them to deliver innovative products and services. Hiring skilled workers and providing training programs contribute to increased productivity, while operational efficiency and scalability become achievable with sufficient financial backing. Additionally, financing helps entrepreneurs establish their brand presence through effective marketing campaigns, market research, and customer engagement.
For many customers of Kinara Capital, the financing support they desperately need to take their business to the next level, finally comes when they meet a Kinara executive. With a fast and easy collateral-free loan extended to them, they are soon on their way to exponential growth.
Shaik Sayeed had been involved in the welding field since he was young, and he used the skills he gained over time to launch his own business, Amaan Fabrication Works. He has successfully run his company for the last 7 years.
He faced challenges along the way, primarily due to the limited space in his shop. Like many small business owners, he wanted to remedy the growing pains by seeking financing support. However, he was unable to get the help he needed. Everything changed when he received working capital from Kinara Capital.
A Kinara executive approached Shaik and assisted him in obtaining the business loan which enabled him to invest in his business. With the loan amount, he added 6 machines and brought his employee count up to 10, which, in turn, enabled him to simultaneously carry out operations in multiple locations. This meant that he was able to start taking on bigger orders and servicing them with ease. The loan improved Shaik’s business and positively impacted his personal life, allowing him to provide better education for his children and support his brothers.
Shaik shares, “I highly recommend Kinara’s services to other small business owners. They have truly made it possible for me to achieve my goals and to improve my family’s life. I had struggled to get funding, but Kinara’s support was timely and extremely helpful. The friendly attitude and clear explanation of the Kinara executive made the business loan process simple and quick, and I received the disbursement within 24 hours!”
By combining industry experience with financing support, entrepreneurs like Shaik can weather challenges, navigate through tough times, and build a successful and sustainable business. The synergy between their own knowledge and financial resources provided by Kinara empowers them to seize opportunities, grow their ventures, and make a significant impact in their respective industries and on the economy as a whole.
Driven entrepreneurs like Shaik play a crucial role in fostering a profound positive impact on the economy. They are engines of innovation, introducing new products, services, and business models that stimulate growth and competition. As they expand their ventures, they generate employment opportunities, reducing unemployment rates and contributing to socio-economic development. MSME entrepreneurs often source their materials locally, promoting domestic industries and strengthening supply chains. By paying taxes and complying with regulations, they contribute to government revenue and support public services and infrastructure development. The cumulative effect of their endeavours creates a dynamic and thriving economic landscape with far-reaching benefits for society at large.
Shaik is one of the thousands of entrepreneurs who have benefited from Kinara’s loans. If you are a small business entrepreneur, it’s time to get your growth journey started with Kinara Capital. To get a business loan for your small business, check your loan eligibility in 1 minute in the myKinara App by downloading it from the Google Play Store, with 7 language options available, choose your preferred vernacular. You can now get a business loan by giving a missed call on 080-68264454 and go from decision to disbursement within 24 hours.
