Foundation Grants
Community Vital Signs
About Us
Kinara Capital, an Indian startup that offers short-term, unsecured loans to small and medium businesses, has just received $24.4 million in debt funding, the Times of India reports.
The funding comes from the Singapore-based Investment Exchange (IIX) and the Singapore-based BlueOrchard Fund, per regulatory filings.
Kinara Capital also received $10 million in debt funding from AVIOM Housing Finance Corporation last month.
Hardika Shah, the founder and CEO of Kinara Capital, tells the Times of India that the debt funding will allow the company to expand its program for women entrepreneurs, HerVikas, which it launched in 2011.
Kinara Capital, which claims to have given out loans worth more than $1 million to more than 50,000 customers so far, aims to "empower women entrepreneurs by providing them unsecured business loans, working capital, working capital, among others," Shah says.
Read the Entire Article
Selected Foundation News
A customized collection of news from foundations from around the Web.
The chief of Colorado's Regional Transportation District Police Department has been elected president of the FBI Law Enforcement Executive Development Association, KDVR reports. "I am truly...more
synagogues, Jewish community centers, mosques, and other "at-risk faith-based and other nonprofit institutions" in urban, suburban, and rural America are in need of extra security, and a group of...more
The Houston Independent School District has been without a bond since 2012, and that's left it with more than $10 billion in projects that need to be completed. Now, in the wake of Hurricane...more
It's not every day that a company surpasses $20 million in donations under management, but that's exactly what Boston-based Givzey did just two months ago, per a press release. Givzey is a "smart...more
El Ni ? o is officially over, but that doesn't mean the US is out of the woods when it comes to severe weather. Already this year, we've seen more than 700 tornadoes, USA Today reports, and the...more
NBA great Dwyane Wade was back in South Florida on Thursday to do battle again. The Hall of Famer spent more than 14 seasons as a guard for the Miami Heat, winning three championships, having...more
Keshvee Sekhda and Nyambura Sallinen won the top prize at this year's Regeneron International Science & Engineering Fair with their app that uses AI to detect cancerous tumors with a 99.6%...more
Michigan State University researchers have received a nearly $1 million grant to develop a 3D fruit tree that can be used to predict tree growth and architecture, among other things, to help farmers...more
The US is responsible for 40% of human-caused methane, which is a "critical component" of climate change because it's produced by cows and released when they burp, researchers write at the...more
Students in a tourism entrepreneurship course at the Macao University of Tourism have come up with a novel way to give back to the community. They've developed a marketing strategy for a store...more
Social Entrepreneurship
Spotlight
Gates Foundation Pledges $50 Million to Fight Ebola Epidemic
The Bill & Melinda Gates Foundation has pledged $50 million to support emergency efforts to contain the threat caused by Ebola in West Africa.