Hardika Shah '09

Hardika Shah '09

Founder and CEO, Kinara Capital

http://www.kinaracapital.com

When Hardika Shah '09 traveled to her native country of India for the first time in ten years, she was struck by the huge divide between the "haves" and the "have nots." This realization inspired Shah to bridge that gap through the founding of Kinara Capital, the lending firm she launched in Bangalore in 2011. It lends money to small businesses with revenues less than $200,000, catering to entrepreneurs whose endeavors are too large to receive microfinance loans but too small and risky to receive funding from traditional banks — what is often referred to as the “missing middle.” To Shah, the impact of lending money to these businesses is clear: it translates directly into jobs. The firm lends $2,000 to $20,000 to businesses operated by first-generation entrepreneurs who don’t have collateral in the form of land or property. To mitigate risk, Kinara runs psychological profiles of potential customers to evaluate their willingness and ability to pay and does most of its lending as supply-chain financing.

Shah earned her bachelor's degree in computer science from Knox College, Illinois and her Executive MBA jointly from Haas School of Business, University of California-Berkeley and Columbia Business School.

Read more:

HARDIKA SHAH ELECTED AS ASHOKA FELLOW 2014

2014

HAS IMPACT INVESTING LOST ITS WAY?

October 2014

DELL FAMILY FOUNDATION INVESTS IN BANGALORE-BASED KINARA CAPITAL

October 2014

WILL THE REAL SOCIAL ENTREPRENEUR STAND UP?
June 2014