March 29, 2021
The Small Business Savior
We are solving the Missing Middle problem, the credit chasm between informal and formal lending for small businesses is estimated by the World Bank to be USD$380 billion in India. The micro-small-medium-enterprise (MSME) sector forms an important part of the economy by contributing to 45% of India’s exports, 30% of the national GDP, and providing employment to over 100 million people in the country. The inception of Kinara Capital was catalyzed by the realization that despite the many economic reforms that India had undergone, including the tech boom, economic liberalization and globalization, small business owners were facing the same challenges and remained severely limited by the lack of access to formal funding.