Business loans for women

HerVikas provides an upfront discount to women entrepreneurs on business loans without property collateral.

Salient benefits

HerVikas provides a strategic & collaborative process to enhance business goals.

Purpose of loans

Pattern

Working Capital Loans

We offer a term loan for working capital needs for business growth.

Pattern

Asset Purchase Loans

We offer a term loan for purchase of new or used machinery or other assets for business expansion.

EMI calculator

₹1000

₹300000

6 Months

7.5 Years

12

30

Monthly EMI

₹15,000

Our sectors

Discover our journey as one of the leading NBFC companies in India with our leaders.

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Trading
Diversify your products, grow your inventory and draw more customers…
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Services
Stay competitive and keep your services up to par by…
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Manufacturing
Purchase raw materials and machinery to increase your business efficiency…
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Testimonials & Case Studies

Hear it from our happy customers

From first time users, to returning loyal customers, here the inspiring stories of upcoming entreperneurs.

Vaishnavi
Vaishnavi
GainUp Designs,

"

With two loans from Kinara, Vaishnavi and Karthik Babu scaled up their textile business from having 1 machine and 3 workers, to having 5 machines and employing 45.

When traditional lenders turn you away, it’s hard to believe that an NBFC can come to your rescue. Vaishnavi and Karthik Babu, who run Gain Up Designs, a textile manufacturing company, were skeptical when a friend suggested approaching Kinara for a loan. By their own admission, they had little idea about factors like credit score, so it was hard to believe that they would get a loan.

They decided to apply for a working capital loan to ease cash flow issues and got a loan in just 3 days. They got to work and used the amount as investment to grow their business. A year later, they wanted to expand their business further, but this time they knew better than to approach a bank. Vaishnavi shared, “We wanted to replace our old machines, so we applied for an asset purchase loan from Kinara and got Rs. 20 lakhs. We also added a Japanese machine, which helped us get more buyers and exporters. We started with just 1 machine and 3 workers, now we have 5 machines and a workforce of 45 people! We have reached a good position in the embroidery field, and Kinara is the reason."

"

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Shyamala
Shyamala
V.V. Creation,

"

With Kinara’s support, Shyamala was able to expand her business and start two new clothing brands, after starting off as a helper in a garment factory.

Shyamala had worked as a helper in a garment factory for a few years, but she always had much bigger aspirations. She dreamt about starting her own business in clothing manufacturing, and was able to convert it into a reality when she started her small garment company. The business needed to grow, but Shyamala couldn’t find the capital to make the jump. No lender would support her.

Shyamala reached out to Kinara for her business loan needs, and became one of our HerVikas loan recipients. With the loan amount, she expanded her business and started two new clothing brands, making her business bigger and better than ever. She shared, “It’s not easy to become a business owner. It gives me a lot of joy to say that I’ve reached this milestone thanks to Kinara. Now I can proudly say that I’m a HerVikas business owner.”

"

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A.Geetha
A.Geetha
Suki Rubber Products,

"

Geetha was able to use the collateral-free HerVikas loans she received from Kinara to upgrade to three machines, giving her business the boost it needed.

When opportunity knocks, you should open the door. Geetha did just that when the rubber factory she worked for offered to bring her orders if she started her own business. After starting out as a worker at the factory, she suddenly became a proud business owner when she started Suki Rubber Products, which makes rubber used in automobiles, mills and pump manufacturing. At the outset, she had 4 women workers, but Geetha and her husband worked hard to add machinery and expand the business.

Opportunity presented itself again when one of her machine dealers told Geetha about Kinara Capital. With a loan from Kinara, she was able to buy another machine. With her business thriving, she was able to quickly pay off her loan and apply for another. “We took another loan and added one more machine. Now that we have upgraded to three machines, business is thriving. We are very happy,” she shared.

"

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Sivachandra R.
Sivachandra R.
Sri Aarusuvai Food Products,

"

With Kinara’s support, Sivachandra was able to expand her ready-to-cook food manufacturing business, and create jobs for 12 other women

One of Kinara’s core missions is to help women entrepreneurs grow their businesses. We do this through our HerVikas program, which provides discounted business loans to women who run small businesses. Sivachandra, who has been running Sri Aarusuvai Food Products, a ready-to-cook food manufacturing company, for 10 years, was able to make the most of this opportunity.

She found out about Kinara from a friend, and was able to get her first loan in 2018 to buy machinery. Subsequently, she took two more loans and was also a beneficiary of Kinara’s Covid Relief Loan. Now her business is thriving, supported by her husband and son, and she has been able to create 13 jobs, 12 of which have gone to women. She shares, "My friend had already taken a machinery loan from Kinara, and it came highly recommended. The loans have been very helpful in buying and installing new machines, and running our business successfully.”

"

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M Banu
M Banu
KMB Metal Works,

"

A small business is a big opportunity to earn and create jobs. But it has to be scaled up at the right time to reach its true potential. M Banu, who had started KMB Metal Works, a metal polishing business, with her husband and son, recognized this potential. But when she tried to scale up her business, she found all doors closed. Banks rejected her application or asked for property collateral, which she couldn’t provide.

After many disappointments, she found Kinara Capital and received a collateral-free HerVikas business loan. She was delighted with the simple process and basic documentation requirements after the exhausting process of applying for bank loans. She took two loans and was able to buy machinery to scale up her operations, and that proved to be a gamechanger. “Our business has improved after taking the two loans from Kinara to buy machinery. Our turnover has increased by five times from Rs. 30,000 to Rs. 1.5 lakh,” she shared.

"

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Vaishnavi and Karthik Babu
Vaishnavi and Karthik Babu
GainUp Designs,

"

With two loans from Kinara, Vaishnavi and Karthik Babu scaled up their textile business from having 1 machine and 3 workers, to having 5 machines and employing 45.

When traditional lenders turn you away, it’s hard to believe that an NBFC can come to your rescue. Vaishnavi and Karthik Babu, who run Gain Up Designs, a textile manufacturing company, were skeptical when a friend suggested approaching Kinara for a loan. By their own admission, they had little idea about factors like credit score, so it was hard to believe that they would get a loan.

They decided to apply for a working capital loan to ease cash flow issues and got a loan in just 3 days. They got to work and used the amount as investment to grow their business. A year later, they wanted to expand their business further, but this time they knew better than to approach a bank. Vaishnavi shared, “We wanted to replace our old machines, so we applied for an asset purchase loan from Kinara and got Rs. 20 lakhs. We also added a Japanese machine, which helped us get more buyers and exporters. We started with just 1 machine and 3 workers, now we have 5 machines and a workforce of 45 people! We have reached a good position in the embroidery field, and Kinara is the reason."

"

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Iswarya and Mohan Babu
Iswarya and Mohan Babu
Mukund Automats,

"

With Kinara’s help, Iswarya and Mohan Babu were able to transform their small auto parts manufacturing business into a successful company that employs 50 people.

As challenging as taking the plunge and starting a business can be, keeping it running can be even more arduous. This is especially true for small businesses, which might face cash flow issues and orders drying up soon after starting out. This is what Iswarya and Mohan Babu faced after they started Mukund Automats, an auto components manufacturing business, in 2014. They started out with just 3 machines and 4 employees. When they encountered difficulties in running the business, they approached many lenders for a loan, but returned empty handed. He shared, “During this time, nobody wanted to support us, but Kinara Capital became our biggest supporter. Once we got the first loan, we grew and grew. Our workforce also grew, we now employ 50 people!”

When the business experienced a sudden growth spurt, they turned to Kinara again to make the most of it. “We were so happy with the growth but we also needed more money to run the business. Kinara Capital was willing to provide us with a second loan to help us even though we had the first running loan. They trusted us. The most important factor in our growth and our success is Kinara Capital,” he added.

"

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Vishwanathan
Vishwanathan
Sri Sai Candles,

"

With a working capital and an asset purchase loan from Kinara, Vishwanathan was able to grow his candle manufacturing business by 40%.

One gripe that most small business entrepreneurs in India have is that banks don’t consider them good enough to lend to. Many tell stories of going from lender to lender seeking a business loan, only to be turned away for one reason or another. This was the case with Vishwanathan, who runs Sri Sai Candles, a candle manufacturing business.

While he had had more than his share of rejections from banks because his factory was a small one, he was delighted when Kinara came to his doorstep. The process was simple and easy, with documents being collected from him and Kinara’s representatives guiding him through the loan process. He shared, “With Kinara Capital, if your papers are correct, then you get a loan easily and fast. There is no hassle. There is no one asking for a commission to approve the loan. With Kinara, no one has asked me for even one rupee. Everyone from the executives to the managers at Kinara Capital speak respectfully with us and are clear in their communication. Kinara Capital is good to everyone! With their support, my business grew over 40%!"

"

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Madagala Kanakaraju
Madagala Kanakaraju
Sri Sumangali Sweets and Bakery, Andhra Pradesh

"

Working capital loans can not only help a business run smoothly, but can actually transform it altogether. A great example of this is the growth story of Madagala Kanakaraju from Andhra Pradesh. He owns a confectionery shop named Sri Sumangali Sweets and Bakery, which was a fledgling business till a few years ago.

Kanakaraju used to buy sweets wholesale to sell at his shp, which meant that the profit margins were small and he was reliant on others to run his business. He wanted to expand, but there wasn’t enough capital and he knew it would be near impossible to get a bank loan. Then he was approached by a Kinara representative, but Kanakaraju could hardly believe that he was eligible for a loan. He shared, “I didn't think it was possible. I asked who would give us a loan? But they assured me that it is possible, and my loan was sanctioned within 5 days. I couldn't believe it! With the loan amount he received, Kanakaraju was able to set up his own bakery. He then applied for another loan from Kinara, which he used to invest in the expansion of his shop and increase his revenue. “I even got a sign-board for the front of my store, which made me very happy. My business has grown by 30-35% since I took the loans. I am deeply thankful to Kinara Capital.”

"

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Nishit Shah
Nishit Shah
Nishit Tech,

"

Keeping a new business afloat through the first few difficult years is one of the big challenges that many small business entrepreneurs face. At a time when they have barely any profits to show, accessing capital through formal credit sources like banks is nearly impossible, especially if they have no collateral to offer.

Nishit Shah found himself in one such tight spot after starting his paper products manufacturing business, Nishit Tech. He was in dire need of money to keep his small business afloat, but no lender he approached was willing to sanction a loan, given how new his business was. Finally, he approached Kinara, and was surprised by the response he received. “Kinara gave me the support I needed to grow my business. My turnover has doubled since then, my profits have increased, and I have been able to hire 4 new employees too. My standard of living has also gone up. We benefited because Kinara Capital supports small-scale businesses like ours, which no other lender is willing to do. It has instilled a lot of hope in business owners like me. Thank you, Kinara!."

"

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Mahalakshmi
Mahalakshmi
Mahalakshmi Fancy And Tailoring Store, Bangalore

"

The journey of starting a business can be that much more difficult for women entrepreneurs, because they are constantly faced with systemic biases and stigma based on traditional gender roles. Mahalakshmi, who runs Mahalakshmi Fancy And Tailoring Store in Bangalore, was well aware of the challenges when she decided to start her business. She struggled to get the shop off the ground, and had no real support system to rely on. But after the initial hurdles, she was able to get the business up and running. It was going well, when she found herself in need of capital to stock up for the festive season. She applied for a loan to several lenders to improve her inventory, but to no avail.

Then she was approached by a Kinara representative and told about HerVikas loans and how it could help her business. She shared, “I was skeptical about it at first. It was hard to believe that they really wanted to give us a loan, after so many rejections. But the loan officer encouraged me to go ahead, and we got the loan amount within 3 days!”

Mahalakshmi is well aware of the challenges women entrepreneurs face, but can see the first signs of change in the way the system is skewed against them. “If women want to step out of the home and work, in most cases their husbands don’t allow them to. That’s the way it is. But things are changing, and since we are now starting our own businesses, it’s great to have Kinara there to support us. Now I’m a HerVikas business woman!” she said.

"

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Fatima Bai
Fatima Bai
Al Shams Enterprises,

"

When women start earning and become self-reliant, it doesn't just change their own lives, but those of other women in the community as well. As business owners, women entrepreneurs can create jobs for other women, and lend a helping hand to women who are struggling to get their own ventures off the ground. It also creates a positive multi-generational impact, providing more opportunities for young girls in the community to pursue their aspirations. Fathima Bai is a firm believer in women’s grit and capability. She wants to spread the message of empowerment for women and young girls, with the hope that lasting change can happen when women take the first step to break out and start their own businesses. She knows first-hand that women can achieve anything they set their mind to, with a little support. She started off as a daily wage worker, and after many initial struggles, she was finally able to open up her own shop. But it was only the beginning. She wanted to expand her business and open more shops, but there wasn’t enough capital to do so. She approached Kinara for a loan, and was able to expand her business, and open up a second shop. Eventually she wanted to grow her business further, and took another loan from Kinara, using it to open a third shop. She shared, “I say this not with sadness but with extreme happiness, that I used to worry whether our kids will have enough to eat. Now with the help of Kinara Capital, we are the proud owners of 3 shops!”

"

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K. Appa Rao
K. Appa Rao
Hema Electronics,

"

Starting a business involves a hefty investment, especially if it is one that requires shop premises and an expensive inventory. K. Appa Rao found out first hand just how much money is needed to start and run a business when he opened Hema Electronics, an electronics and home appliances showroom in Visakhapatnam. He started his business over a decade ago, after working as a salesman and Collection Officer. He poured Rs. 3 lakhs of his own savings into it when he started the business, and kept drawing on his savings for capital but it was not enough to keep his operations running smoothly. He struggled to keep his business supplied with capital and put all expansion plans on the back burner, because he simply did not have the means to support them.

When a Kinara representative approached him about applying for a business loan, he decided to go ahead with it. He shares, “The process was smooth and they collected all the necessary documents. I got the loan amount within a week! I have taken 3 more loans since and have been paying my EMIs regularly. Kinara even sends me helpful reminders every month. Now my business is thriving and growing in leaps and bounds. I’m also very happy to say that I’m now helping others by creating employment opportunities.”

"

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Imtiyaz Pasha
Imtiyaz Pasha
Unique Steps, Tumkur

"

A business can start off very small and burgeon into something much bigger and better, with just a little support and planning. But one crucial element that entrepreneurs cannot do without, especially if they want to scale up, is easy access to capital. Unfortunately for small businesses, this becomes much more of a hurdle than it should be. Imtiyaz Pasha, who started off selling footwear on the street, wanted nothing more than to set up his own shop. But this promised to be an expensive endeavour, and on his tight budget, he did not have enough to spare.

An alternative that is supposedly available to vendors and small business entrepreneurs in such circumstances, is to avail of a business loan and use the money to expand their operations. However, it is much easier said than done, because traditional lenders generally avoid giving loans to small businesses, without property collateral.

Then Imtiyaz was introduced to Kinara Capital by a friend of his. He approached a Kinara representative and explained his business and working capital needs to them. He was pleasantly surprised when the staff members welcomed him and heard him out, boosting his confidence in the potential of his business. He helped him get the loan application started, and soon he had received a working capital loan. Imtiyaz used the loan amount to open up the shop of his dreams, and within a year, he had 4 employees. He has since also been able to open three additional shops. He shared, “If I had borrowed from another source, there would be pressure to pay it back in a hurry. But with Kinara, I was able to pay back my loan in easy EMIs, which gave me time to grow my business, and now I own 4 shops. Thank you Kinara Capital!”

"

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Madagala Kanakaraju
Madagala Kanakaraju
Sri Sumangali Sweets and Bakery, Andhra Pradesh

"

Working capital loans can not only help a business run smoothly, but can actually transform it altogether. A great example of this is the growth story of Madagala Kanakaraju from Andhra Pradesh. He owns a confectionery shop named Sri Sumangali Sweets and Bakery, which was a fledgling business till a few years ago.

Kanakaraju used to buy sweets wholesale to sell at his shop, which meant that the profit margins were small and he was reliant on others to run his business. He wanted to expand, but there wasn’t enough capital and he knew it would be near impossible to get a bank loan. Then he was approached by a Kinara representative, but Kanakaraju could hardly believe that he was eligible for a loan. He shared, “I didn't think it was possible. I asked who would give us a loan? But they assured me that it is possible, and my loan was sanctioned within 5 days. I couldn't believe it! With the loan amount he received, Kanakaraju was able to set up his own bakery. He then applied for another loan from Kinara, which he used to invest in the expansion of his shop and increase his revenue. “I even got a sign-board for the front of my store, which made me very happy. My business has grown by 30-35% since I took the loans. I am deeply thankful to Kinara Capital.”

"

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Guntha Harish
Guntha Harish
Sai Ram General Stores ,

"

With Kinara’s help, Guntha Harish added an extra daily turnover of Rs. 25,000 from a new shop, and brought his total up to Rs. 1 crore a year.

It takes momentum to not only start a business but also to keep it going. But for many small business entrepreneurs, the latter becomes a challenge. While they are able to get by and keep turning a steady profit, they stop growing and come to a standstill. This is especially true for retail businesses, as was the case with Guntha. His retail business selling provisions, named Sai Ram General Stores, had become dull and his growth had stagnated. He wanted to kick-start his growth trajectory, but there wasn’t enough capital to invest in a new venture. Around this time, he was introduced to Kinara, and decided to take a business improvement loan. According to him, that decision has changed everything. He shared, “With the loan amount, I was able to set up another shop and wholesale cold drinks. We doubled our income, with an additional Rs. 25,000 coming in from the new shop. Earlier, we used to struggle with money, but now our business is so well that we have a yearly turnover of Rs. 1 crore. We are very thankful to Kinara for making this possible.”

"

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Tamilselvi
Tamilselvi
Tamilselvi Appalam Company, Tamil Nadu

"

Women become entrepreneurs for many reasons, and financial independence is just one of them. For many women, the delicate balance between work and raising their children is a difficult one to strike. Tamilselvi, a mother and aspiring entrepreneur, knew that she had to find a way to balance the two. With young children, she didn’t have the option to go out for work, so she decided to start her own small business. She was on the lookout for business ideas she could pursue, which would allow her to give as much time to her children as she needed, while also managing the operations. Then she struck on the idea of starting her own appalam making business.

Appalam is a very popular side dish in Tamil Nadu, and Tamilselvi’s business took off rather well after she started making appalams in 2007. But for a long time, her business stagnated at a certain level of growth, as she didn’t have the monetary support to take it to the next level. Then she was introduced to Kinara Capital. She shared, "For many years, I didn't have any option like Kinara Capital to help us. My business has been going very well since I got the loans from Kinara Capital. I have even been able to increase the number of workers I employ from 8 to 18. I am very satisfied and happy with Kinara."

"

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Anupama Chenna
Anupama Chenna
Sri Padmavathi Enterprises, Gajuwaka

"

Anupama scaled up her 20-year old bedding manufacturing business in the space of just 8 months after getting in touch with Kinara and receiving the capital she needed.

Having experience in a particular industry is key to starting and running a successful business. This was the story of Anupama and her husband, who started a bedding manufacturing business called Sri Padmavathi Enterprises.But experience and knowing the ins and outs of the work you do is not always enough to expand your business and take it to the big league. While Anupama’s business was running well, it was a small venture in a competitive industry, and only had a turnover of Rs. 1-2 lakhs, even after 20 years. What she needed was more capital to build it out and scale up for more profitability.

She found out about Kinara Capital and approached us for a loan. Soon she was able to secure a HerVikas loan and use the amount to buy much-needed raw materials. She shared, “We got a loan of Rs. 5 lakhs from Kinara and bought raw materials with it. Since then, our business has improved significantly and our turnover has increased from Rs. 1-2 lakhs a month to Rs. 15 lakh in 8 months."

"

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బార్ల కనక రాజు
బార్ల కనక రాజు
లక్కీ బ్యాగ్స్ అండ్ ఫుట్‌వేర్,

"ఇంకొక బ్రాంచ్ ప్రారంభించగలిగాను, ఉద్యోగాలు ఇవ్వగాలిగాను. లోన్ వచ్చిన తర్వాత నా నెల ఆదాయం 50% పెరిగింది. కినారా స్టాప్ సహకారం, వాళ్ళ సర్వీస్ నచ్చింది. కినారా క్యాపిటల్‌కు ధన్యవాదాలు"

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మద్దుల ప్రసాద్
మద్దుల ప్రసాద్
ప్రసాద్ స్టీల్ సిండికేట్,

"వర్కింగ్ క్యాపిటల్ అవసరమయ్యింది, లోన్ ప్రాసెస్ తెలియలేదు. కినారా క్యాపిటల్ ప్రాసెస్‌లో సహాయపడి, లోన్ ఇచ్చింది. చిన్న షెడ్‌లో మొదలైన బిజినెస్ ఇప్పుడు ఇక్కడకు చేరుకుంది. లోన్ తీసుకుని సంవత్సరం అవుతోంది, నా బిజినెస్ పెరుగుతూనే ఉంది. దానికి కారణం కినారా క్యాపిటల్. కస్టమర్లకు సహాయం చేయడానికి వాళ్ళు వినూత్నంగా పనిచేస్తారు. ధన్యవాదాలు కినారా క్యాపిటల్."

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కొట్టకోముల శేఖర్
కొట్టకోముల శేఖర్
కె ఎస్ ప్యాకేజింగ్,
तन्वीर समड काझी
तन्वीर समड काझी
परफेक्ट इंडस्ट्रीज,
मोहन रामचंद्र माळी
मोहन रामचंद्र माळी
श्री पॅकेजिंग,
सुधीर पिल्लाय
सुधीर पिल्लाय
निर्मला इंजिनीअरींग इंडस्ट्रीज,
ಐಶ್ವರ್ಯ ಮತ್ತು ಮೋಹನ್ ಬಾಬು
ಐಶ್ವರ್ಯ ಮತ್ತು ಮೋಹನ್ ಬಾಬು
ಮುಕುಂದ್ ಆಟೊಮ್ಯಾಟ್ಸ್,
ವಿಶ್ವನಾಥನ್
ವಿಶ್ವನಾಥನ್
ಶ್ರೀ ಸಾಯಿ ಕ್ಯಾಂಡಲ್ಸ್,
ರಾಘವೇಂದ್ರ  ನಾಯಕ್
ರಾಘವೇಂದ್ರ ನಾಯಕ್
ಬ್ರಾನ್ಸ ಇಂಡಿಯಾ ಟೂಲ್ಸ್ ,
હંસાબેન અને વિશાલ મિસ્ત્રી
હંસાબેન અને વિશાલ મિસ્ત્રી
મા મેલડીકૃપા એન્ટરપ્રાઇઝ,
કમલેશ અને પ્રવીણ મકવાણા
કમલેશ અને પ્રવીણ મકવાણા
જય અહલપરી સ્ટીલ,
રજનીકાંત પટેલ
રજનીકાંત પટેલ
દિશાંત ઇન્ડસ્ટ્રીઝ,
प्रियंका  पोंडे
प्रियंका पोंडे
संतोषी इंटरप्राइजेज,
रजनीकांत पटेल
रजनीकांत पटेल
दिशांत इंडस्ट्री,
तनवीर समद काज़ी
तनवीर समद काज़ी
परफेक्ट इंडस्ट्री ,
பாலசுப்ரமணியம்  P M
பாலசுப்ரமணியம் P M
சாறு நிட்டர்ஸ்,
வைஷ்ணவி & கார்த்திக் பாபு
வைஷ்ணவி & கார்த்திக் பாபு
கெய்ன்அப் டிசைன்ஸ்,
ரேவதி
ரேவதி
ஸ்ரீ இன்ஜினியரிங் ஒர்க்ஸ்,
Veera Raghava Reddy
Veera Raghava Reddy
Reddy Automobiles, Visakhapatnam

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Some small businesses have what it takes to survive for decades, catering to their own small pool of customers and not really upgrading their operations. While this can be a good enough way for a small business entrepreneur to earn a steady income, it’s not a good way to keep up with the times. It can cause a lot of wasted potential and keep the business from getting as bi or successful as it could have. A lot of it has to do with the lack of adequate capital inflow, which limits the optimization of operations and expansion of the business.

Veera Raghava Reddy, who runs Reddy Automobiles in Visakhapatnam, started his business in 1988, and over the decades that followed, he ran his shop as a small business but didn’t have the capital to scale up. In 2015, he was approached by a Kinara representative, who explained the process to get a collateral-free loan to help his business grow. Reddy was interested in taking the process forward, and soon after, he received a loan amount of Rs. 4 lakhs. He invested it in his business, and after a few years, approached Kinara again for another loan, followed by a third, all of which he used to successfully grow his business. He shares, “With Kinara’s support, I was able to significantly boost my turnover. Now I do business of around Rs. 15,000 every day. I’m extremely happy with Kinara’s service.”

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Ponnumony Kennedy
Ponnumony Kennedy
KVS Engineering Works,

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Kennedy wanted to take his small business to the next level, and with Kinara’s help, he was able to complete projects billed at over Rs. 50 lakhs.

One of the hurdles that small business entrepreneurs face in scaling up their businesses is running out of capital when trying to deliver orders. Cash flows are an issue that small enterprises struggle with, because their inflows are uncertain, and payments often get held up. In such cases, even bigger orders might end up going unservices, because they fall short of the money needed to buy materials and fund operations.

Ponnumony Kennedy found himself in such a situation when he started receiving big orders. He had started KVS Engineering Works in 1991 as a small business with just two workers. Initially he earned Rs. 1,000-2,000 per day, but then he slowly started to scale up his business and began fabrication work in 2005. As his business gew, he received several big-ticket orders, but didn’t have enough capital to service them. Around this time, a Kinara representative approached him, and Kennedy saw the perfect opportunity to address his funding needs. He got the help he needed, and his business has since evolved into a thriving company with growing order inflows. He shared, “Kinara sanctioned a loan of Rs 8 lakhs within a week, and with that amount, I was able to deliver work for a billing amount Rs.50 lakhs.Because I received timely help from Kinara Capital, I was able to deliver my orders on time and keep up the growth momentum of my business. Thank you, Kinara Capital!”

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Manoharan
Manoharan
Rainbow Metal Cutting,

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With a little support from Kinara, Manoharan was able to increase his turnover from Rs. 50,000-60,000 to Rs. 8-9 lakhs per month. He was also able to create jobs for 7 workers.

While it’s common knowledge that small business entrepreneurs often face rejection when they approach banks for a loan, what is not often acknowledged is how significant a setback this can be for their business. Often expansion plans have to be put on hold, and the growth trajectory of the business may be stunted if capital can’t be accessed in a timely manner.

Manoharan faced the disappointment of having to shelve his plans to get a big machine and improve his operations when banks repeatedly rejected his loan application because he had no property collateral to offer. He started off with the aspiration to become an entrepreneur, and worked his way to starting his own business with one small cutting machine. But what he really wanted to do was install a large and efficient machine, which would help elevate his production process. But after facing numerous rejections, he decided to put his plan on hold. But fate had other plans for Manoharan, because a friend happened to introduce him to Kinara Capital around this time. He decided to approach the company and was pleasantly surprised when his application was not only accepted, but he received the loan amount in just 4 days! He shares, “Since I got the loan and was able to buy a new machine, my turnover has increased from Rs. 50,000-60,000 to Rs. 8-9 lakhs per month, and I now employ 7 workers. Today I’m proud to say that Kinara has made a big contribution to the way my life and business have turned out.”

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Karthikeyan AS
Karthikeyan AS
ASK Three Star Steels,

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With funding from Kinara, Karthikeyan started powder coating and increased the number of shops he catered to from 20 to 50, and tripled his turnover.

Keeping up with tech and machinery upgrades is critical for staying afloat in a competitive business. Karthikeyan, who joined his father in running ASK Three Star Steels in 2021, realized this. His father started the business, which makes steel furniture for colleges and hostels, 40 years ago. The business had been running well, but Karthikeyan saw the need to upgrade from traditional painting methods to powder coating to bring their finished product up to par. But they didn’t have the funding to make the switch.

After being in the works for many years, the change finally came when Karthikeyan approached Kinara for a loan to install a powder coating unit. He shared, “Since then, we have been able to improve our product quality and increase the number of shops we cater to from 20 to 50. My turnover has also tripled from Rs. 1 crore last year to Rs. 3 crores now.”

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Iswarya and Mohan Babu
Iswarya and Mohan Babu
Mukund Automats,

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With Kinara’s help, Iswarya and Mohan Babu were able to transform their small auto parts manufacturing business into a successful company that employs 50 people.

As challenging as taking the plunge and starting a business can be, keeping it running can be even more arduous. This is especially true for small businesses, which might face cash flow issues and orders drying up soon after starting out. This is what Iswarya and Mohan Babu faced after they started Mukund Automats, an auto components manufacturing business, in 2014. They started out with just 3 machines and 4 employees. When they encountered difficulties in running the business, they approached many lenders for a loan, but returned empty handed. He shared, “During this time, nobody wanted to support us, but Kinara Capital became our biggest supporter. Once we got the first loan, we grew and grew. Our workforce also grew, we now employ 50 people!”

When the business experienced a sudden growth spurt, they turned to Kinara again to make the most of it. “We were so happy with the growth but we also needed more money to run the business. Kinara Capital was willing to provide us with a second loan to help us even though we had the first running loan. They trusted us. The most important factor in our growth and our success is Kinara Capital,” he added.

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Amar Singh
Amar Singh
Sai Balaji Electronics,

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With three loans from Kinara, Amar singh managed to expand his business, start new ventures and double his turnover from Rs 10 lakhs to Rs. 20 lakhs.

Not all beginnings are smooth or positive. Amar Singh started his business, Sri Balaji Electronics, to make ends meet after he lost his job. He has been running the business for over a decade now, but credits Kinara with supporting him throughout the better part of that journey. Like many small business owners, he wanted to expand his business and increase his turnover, but couldn’t access the capital necessary, because banks turned him down.

When he got in touch with Kinara, he was first asked for his trade licence, bank statements, and IT returns, none of which he had. But that did not stand in the way of getting a loan. Kinara’s Executives coached him and gave him time to get his documents in order before starting the loan process. He shared, “Some months later, I qualified to get a loan. Since then, I have taken 2 additional loans from Kinara Capital. I invested in developing our business by securing a storage godown, adding new hardware products, and in updating the storefront. Since the first loan, my turnover has doubled! Before Kinara, I didn't even have the option to get a loan. Kinara is like my best friend. They have given me so much support, and helped me improve my life.”

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Frequently Asked Questions

Your questions, our answers

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  1. What paperwork and KYC process is involved?

    Kinara offers the flexibility to substitute certain documents for others, subject to availability. The basic requirement is your PAN. Other than that, you will be required to provide certain personal and business details and documents to complete the KYC process. Some documents that would be required are your Aadhaar Card, Udyam registration number, Business registration proof, GST certificate and 12 months’ bank statements.

  2. Will my machine be hypothecated if I apply for a machinery loan?

    Yes, the machine is hypothecated for the issuance of an asset purchase loan. This means that while the machine will be entirely under your ownership, and Kinara will not collect any ownership documents for it, in case of a default, your machine might be seized.

  3. Why should I apply for an asset purchase loan?

    The asset purchase loan is a form of business loan that assists business owners in obtaining the necessary equipment finance to purchase the machinery/equipment needed to streamline their operations and scale up production. Increased production will result in better performance, which will boost sales and revenue.