In the Indian business ecosystem, small and medium-sized enterprises (MSMEs) have long been considered the backbone of the economy. However, one of the major hurdles for MSME owners has been accessing financing—with many unable to secure loans due to a lack of collateral. Hardika Shah, the founder of Kinara Capital, has recognized this gap and built a platform that is changing the way these businesses secure funding.

Founded in 2011, Kinara Capital is a fintech startup that provides collateral-free loans to MSMEs. Hardika, who brings a wealth of knowledge from her experience in microfinance and development economics, was deeply inspired by the struggles small business owners face in India when seeking financial support. As many entrepreneurs could not access funding through traditional banking channels, Hardika envisioned a way to offer them a lifeline.

Kinara Capital offers loans ranging from Rs 1 to Rs 30 lakhs, specifically designed for small business owners who may not have the necessary assets to provide as collateral. Over the years, the company has successfully provided more than 1.2 lakh loans, totaling Rs 6760 crores, to MSMEs across India.

What sets Kinara Capital apart is its tech-driven approach to loan disbursement. The company leverages data-driven analytics to assess the creditworthiness of borrowers, offering them quick access to funds. By digitizing the loan process, Kinara Capital has made it easier for business owners to apply for and receive financial support—often within 72 hours of applying.

Hardika’s work with Kinara Capital is not just about financing businesses; it’s about empowering entrepreneurs. By removing the barriers to credit, the company has created economic opportunities for thousands of small business owners, helping them scale operations, expand their product lines, and employ more people.

To date, Kinara Capital has funded thousands of businesses across a wide variety of industries, from manufacturing and agriculture to retail and services. By focusing on the underserved MSME sector, Hardika has proven that offering accessible financing can unlock growth potential and build a more inclusive economy.

Hardika’s story is a powerful reminder that when we make financial resources more accessible to those who need them the most, we can change lives, transform communities, and contribute to the overall growth of the country.