News & Events

Dell family foundation invests in Bangalore-based Kinara Capital - Appoints Satyam Darmora as a member on Kinara Capital's board. – Business Standards 

Kinara Capital, a Bangalore-based non-banking company (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 foundation will hold a minority equity stake in 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? – Outlook Business 

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 – Billion Bulbs

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 FoundationContinue reading…

 

Addressing the needs of the missing middle As entrepreneurs we know the pains of getting funding. – Your Story

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…