Consistent fund infusion stands as a cornerstone for the sustained growth of any business, and this is particularly significant for Micro, Small, and Medium Enterprises (MSMEs). These entities, often possessing high potential and agility, play a vital role in driving economic development and fostering innovation. However, their limited financial resources can constrain their ability to scale and capitalize on emerging opportunities.
Regular and substantial fund injections provide MSMEs with the necessary resources to invest in technology, research, skilled manpower, and infrastructure, which collectively enhance their competitive edge. This financial stability allows them to weather market fluctuations, explore new markets, and develop innovative products or services. Moreover, sustained funding empowers MSMEs to attract and retain talent, optimize operations, and establish robust marketing strategies. In this dynamic and ever-evolving business landscape, consistent fund infusion not only fuels growth but also ensures the long-term viability of MSMEs, enabling them to contribute more effectively to employment generation and economic progress.
This is where Kinara Capital comes in supporting MSME with consistent access to capital through collateral-free business loans. The consistent fund infusion bears a significant and far-reaching impact on these businesses. By extending tailored financial solutions to these enterprises, Kinara plays a pivotal role in fostering economic resilience and growth at a grassroots level. The access to capital empowers MSMEs to expand their operations, explore untapped markets, and invest in innovation.
Sathya Narayana founded Anjane Tek Coating Products in 2012, starting with just one employee by his side. He faced hardships in the initial years, but in 2013-14, after his business had stabilized, he decided to start expanding his operations. Like many MSME entrepreneurs, he struggled to put together the funds he would need for the expansion, however. He didn’t have much success seeking financing from traditional banks, and the growth of his business stalled.
At this juncture, he encountered Kinara Capital, and things took a turn for the better. In 2015, he was able to secure a loan of Rs. 5 lakhs from Kinara, which turned out to be a catalyst for growth. With the infusion of funds, Sathya invested in acquiring essential machinery and raw materials, propelling his turnover from Rs. 3 lakhs to Rs. 5 lakhs.
After the initial fund infusion led to a growth spurt for his business, Sathya was motivated to keep pushing for continued groth. So he decided to approach Kinara for financing again, and received just what he needed. The positive trajectory continued as he took a loan of Rs. 10 lakhs in 2016, followed by another loan in 2017, which allowed him to broaden his product supply to various districts within Telangana and other states. Consequently, his turnover surged to Rs. 15 lakhs and then to Rs. 25 lakhs. Now, his turnover stands at Rs. 40 lakhs, marking a remarkable growth trajectory from where he began.
Sathya shares, "Kinara has facilitated my business growth through consistent financing support over the years. Thanks to them, my turnover has shot up from Rs. 3 lakhs to Rs. 40 lakhs in the span of a decade. Thank you, Kinara!"
The ripple effect of Kinara’s financing support contributes not only to the individual success of these MSMEs but also to the overall economic landscape by generating employment opportunities, stimulating local economies, and encouraging entrepreneurship. The company’s commitment to sustaining and nurturing MSMEs aligns with broader developmental goals, ultimately aiding in poverty alleviation, reducing income inequality, and fostering sustainable development. In this way, Kinara’s support transcends mere financial assistance, becoming a catalyst for positive change and progress on both regional and national scales.
Sathya is among 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.