Kinara Capital, India

Raised nearly US$1 million in investment to help local, community-based businesses grow through small loans.

Kinara Capital, a lending firm providing US$2,000 to US$20,000 loans with competitive rates to micro and small enterprises in India, was attractive to several investors who were introduced by IIX to the SE at an IIX Showcase.

With numerous investors wanting to individually contribute amounts that were smaller than what Kinara needed to close its funding round, IIX structured a special purpose vehicle (SPV) to meet the capital requirements of Kinara and enable these impact investors to participate.