MSMEs typically run on a tight budget and are frequently challenged with restricted cash flow when handling changing business priorities, such as, trying to fulfill a new purchase order, printing a new signboard, purchasing raw materials, stocking up on needed inventory, machine repair, or hiring new workers. Short-Term Working Capital loan can be used for any number of business requirements.
“By offering a quicker loan option to handle sudden business expenses, Kinara Capital is giving MSMEs leverage that can instantly dictate their turnover,” said Hardika Shah, Founder & CEO, Kinara Capital, in a statement.
Accessible via vernacular-friendly myKinara app, the loan is aimed at supporting quick business growth needs of MSMEs. Furthermore, MSME women entrepreneurs will qualify to receive an upfront discount on Short-Term Working Capital loans under Kinara’s HerVikas program.
Kinara Capital has supported thousands of MSMEs to date by disbursing more than 70,000 loans and currently holds an AUM of over Rs 1000 crore. Serving over 300 MSME sub-sectors, Kinara Capital offers collateral-free MSME loans in 3000 pin codes.