MSME fintech Kinara Capital sets Rs 200 cr as disbursement target for MSME women entrepreneurs in FY23

Bangalore, Mar 16 (KNN) MSME fintech, Kinara Capital has increased its disbursement target to Rs 200 crore for MSME women entrepreneurs for the financial year FY22-23. 

This advancement is brought under its HerVikas women business loans program which offers collateral free business loan to women entrepreneurs. 

So far 2,000 business loans have been availed by  MSME women entrepreneurs with a disbursement amount of Rs 125 crore. 

The Founder & CEO of Kinara Capital, Hardika Shah pointed out that 90 per cent of MSME women entrepreneurs do not avail formal credit options, mostly due to lack of land or property collateral. 

“We are proud to renew our commitment for HerVikas business loans because women entrepreneurs don't just earn a livelihood, they change the lives of their families and communities,” he added. 

HerVikas business loans are  available in more than 90 cities in the state of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Gujarat, Maharashtra, and UT Puducherry. (KNN Bureau)