Kinara lends to MSMEs across manufacturing, trading and services sectors, Hardika Shah, founder and chief executive said.
The debt funding comes from IndusInd Bank's impact investing division, while the DFC is part of the US federal government does impact funding.
Loren Rodwin of DFC said Kinara's commitment towards financial inclusion has made it possible for us to collaborate with India's small businesses.
Kinara provides collateral-free business loans in the range of Rs 1-30 lakh to MSMEs 90 per cent of whom are new to credit. The NBFC claims that its financial assistance has helped these companies gain and incremental income of over Rs 700 crore and over 2,50,000 new jobs.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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