Kinara Capital provides loans in the range of $2K-$20K (INR 100,000-INR 1,000,000) to micro and small enterprises in India filling the gap between microfinance and commercial capital. It works 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.
Kinara’s custom risk assessment includes psychometric testing and cashflow analysis as well as our flexible product terms, customer-centric processes and supply chain integration enable them to complete the loan process in 7-10 days. Since its launch in November 2011, it has disbursed ~INR 9 crore (~$1.7 million) to manufacturing, renewable energy and agri retail businesses in Karnataka, Tamil Nadu and Maharashtra with zero defaults. During this time, it has increased entrepreneur incomes by ~35% and created over 1000+ new jobs of which 31% were first time job seekers and 19% employed were women.