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Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Yahoo News

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Indian fintech firm Kinara Capital bags $7m in funding for women entrepreneurs – Tech In Asia

Kinara Capital, a fintech company that provides loans to micro, small, and medium enterprises, announced it has secured 520 million rupees (US$7 million) in investment from Impact Investment Exchange (IIX).

Founded in 2011, Kinara Capital is a non-banking financial company that propels the financial inclusion of small entrepreneurs through collateral-free business loans.

It launched its HerVikas business loans program in March last year to accelerate the financial inclusion of women entrepreneurs in India. The program enables their “vikas” or progress with an automatic upfront discount of 1% on interest costs on collateral-free business loans between 100,000 rupees (US$1,363.2) and 3 million rupees (US$40,898.6). READ MORE

Kinara Capital secures Rs 52 Cr from Impact Investment Exchange for women entrepreneurs – Your Story

Small business lender Kinara Capital on Monday announced securing Rs 52 crore from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan programme to an estimated 2,500+ women-owned small businesses.

The HerVikas programme enables ‘her progress’ with an automatic upfront discount of one percent on interest costs on fast, collateral-free business loans in the range of Rs 1 lakh to 30 lakh. The discounted loan programme for women-owned MSMEs is available in 90+ cities across the states of Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Puducherry (UT). READ MORE

Kinara Capital secures INR 52 crore for HerVikas program – Big News Network

Bangalore (Karnataka) [India], March 8 (ANI/BusinessWire India): Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.

This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500 women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Women and sustainable finance: fuel for the engine of COVID recovery – The European Sting

An alliance of 84 global leaders have convened since April 2020 under the World Economic Forum’s COVID-Response Alliance. Their aim? To harness the resources and collective strengths of the public and private sectors, in a bid to ensure that the world responds effectively to underserved communities.

Together with members ranging from Impact Investment Exchange (IIX) to Salesforce and the USAID Center for Innovation and Impact, the Alliance launched a 2021 Roadmap during the Davos Agenda that will drive critical resources – both financial and non-financial – for social entrepreneurs who are advancing inclusive recovery around the world. READ MORE

Kinara Capital Secures INR 52 Crores from IIX”s Women”s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Outlook India

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. “The investment from IIX’s Women’s Livelihood Bond Series in our HerVikas program brings fresh impetus to the need of financial inclusion of women entrepreneurs. Empowering women has a strong impact on improving the quality of life for families and achieving gender parity can add 27% to India’s GDP,” said Hardika Shah, Founder & CEO, Kinara Capital.  READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Business Wire India

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

16 WOMEN Restoring the Earth – Landscape News

And there begins the creation story of the Impact Investment Exchange (IIX) and IIX Foundation, founded by Shahnaz, which went on to create many world firsts: the world’s first social stock exchange, the world’s first gender lens impact measurement methodology, Asia’s first and largest crowdfunding platform for impact investing (Impact Partners), and an entirely new asset class called the Women’s Livelihood Bond Series. READ MORE

Women and sustainable finance: fuel for the engine of COVID recovery – World Economic Forum

There is broad consensus on the need to intervene as a matter of urgency, in order to provide relief for women and underserved communities. However, governments and businesses have the opportunity to go one step beyond, and build the kind of resilience that will outlast any pandemic.

Across the Global South, COVID-19 has had a disproportionate impact on women-focused small and medium-sized enterprises (WSMEs). The unprecedented social and economic changes brought about by the COVID-19 pandemic have put an increased burden on women. READ MORE

SHE IS MORE Youth Art Competition Winners

KNOW ABOUT THE WINNERS!

We received 250+ pieces of artwork from all of you across 25 countries and that is just what SHE IS MORE is about, celebrating women and inclusivity through art.

We value the hard work and commitment the youth has put into creating these wonderful pieces of art.

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