{"id":26531,"date":"2024-05-04T10:19:59","date_gmt":"2024-05-04T04:49:59","guid":{"rendered":"https:\/\/shekhawatisamachar.com\/index.php\/2024\/05\/04\/kinara-capital-acquires-a-grade-in-social-and-environmental-rating-ser-from-mfr-global-rating-agency\/"},"modified":"2024-05-04T10:19:59","modified_gmt":"2024-05-04T04:49:59","slug":"kinara-capital-acquires-a-grade-in-social-and-environmental-rating-ser-from-mfr-global-rating-agency","status":"publish","type":"post","link":"https:\/\/shekhawatisamachar.com\/index.php\/2024\/05\/04\/kinara-capital-acquires-a-grade-in-social-and-environmental-rating-ser-from-mfr-global-rating-agency\/","title":{"rendered":"KINARA CAPITAL Acquires \u2018A\u2019 Grade In Social And Environmental Rating (SER) From MFR Global Rating Agency"},"content":{"rendered":"
\n

Bengaluru (Karnataka0 [India], May 4:<\/strong> \u00a0Kinara Capital, India\u2019s fast-growing fintech driving last-mile MSME financial inclusion, today announced acquiring the coveted \u2018A\u2019 grade in Social and Environmental Rating (SER) from MFR, a global leader in providing independent assessments, data and technical expertise for sustainable finance organizations. Kinara Capital proudly joins an exclusive group of only 4 organizations in India to ever have\u00a0achieved an SER rating of \u2018A\u2019 from MFR.<\/p>\n

MFR rated Kinara Capital at\u00a0Good\u00a0or\u00a0Excellent\u00a0on 86% of the 22 parameters evaluated for the SER rating. MFR summarized emphatically that Kinara has both Client Centricity and Client Protection Practices at the heart of its business and exhibits a commendable level of adherence to Client Protection Principles. In the benchmarking for SER based on MFR\u2019s methodology and database, Kinara Capital outperformed other financial service providers (FSPs) on \u2018Mission, Governance and Strategy\u2019, \u2018Tracking and Monitoring System\u2019, as well as for \u2018Social and Financial Balance\u2019 scores.\u00a0<\/p>\n

Hardika Shah, Founder & CEO of Kinara Capital, said:<\/strong><\/p>\n

\u201cWe are delighted with our recent \u2018A\u2019 grade in Social & Environmental Rating (SER) by MFR, which serves as a testament to our steadfast commitment to empowering small business entrepreneurs while integrating climate-conscious practices into our operations. This prestigious recognition inspires us to continue setting new benchmarks for sustainable and inclusive finance in India.\u201d<\/p>\n

Founded with the mission of improving lives, livelihoods, and local economies, Kinara Capital has impacted over a million lives in India via job creation and income generation by easing access to credit for small business entrepreneurs. MSME entrepreneurs have experienced an average increase of 21% in their net incomes after availing collateral-free loans from Kinara Capital to grow their businesses.<\/p>\n

In its analysis, Kinara was commended by MFR for its use of technology and automation for making the loan process fast and flexible for its customers, and for being technology-driven to transfigure its own operations to be completely digital. Its product strategy with a variety of loan products that meet client needs was recognized as well-aligned with the mission of offering prompt and flexible loans to\u00a0MSMEs in India. Its non-financial value service (NFVS), the Grow With Kinara workshop series, was also acknowledged as delivering significant support to MSMEs.<\/p>\n

Aldo Moauro, CEO & Board Member of MFR,\u00a0extends heartfelt congratulations to Kinara Capital for achieving an \u2018sA\u2019 grade in Social & Environmental Rating (SER) conducted by MFR.\u00a0<\/p>\n

He remarked, \u201cThe results of Kinara\u2019s SER rating reflect the institution\u2019s commitment and dedication to social impact, and environmental responsibility. It is the demonstration that integrating social and environmental objectives into the mission, and putting them into practice, drives positive change towards an inclusive and sustainable future. As MFR, we are grateful for the opportunity to accompany Kinara Capital on this journey of growth and success, and we are proud to recognize their efforts in advancing sustainable finance in India.\u201d<\/p>\n

MFR ratings are based on a multi-level assessment. The indicators used to assess institutions are aligned with the latest social performance standards as defined by global initiatives such as the Social Performance Task Force and the Cerise+SPTF Client Protection Certification. It is also in adherence with the Universal Standards of Social and Environmental Performance Management Standards (USSEPM).\u00a0<\/p>\n

For the Social & Environmental Rating (SER), MFR conducted a thorough review of Kinara\u2019s performance to date and assessed the organizational capacity to achieve its social and environmental goals in the future. Kinara Capital was evaluated across 4 key categories: (i) Social Performance Management, (ii) Social Responsibility and Environmental Management, (iii) Outreach of Services, and (iv) Quality of Services.<\/p>\n

This marks Kinara Capital\u2019s second assessment by MFR, showcasing their commitment to continual improvement. Transitioning from an \u2018A-\u2018 rating in 2021 to an \u2018A\u2019 in 2024 serves as a strong foundation for its ongoing efforts to empower MSMEs and set the industry standard for sustainable financial inclusion in India.<\/p>\n

About MFR\u00a0<\/strong><\/p>\n

MFR is a global rating agency with over 23 years of experience in assessments, data and technical expertise, highly valued by international investors and other stakeholders. Our mission is to generate independent opinions for the sustainable finance industry, based on verified information, in order to promote responsible investments. We firmly believe in a transparent and sustainable future, where capital is combined with a social and environmental purpose, facilitating financial inclusion and the sustainable development of the sector. Headquartered in Italy and with offices in France, the United Kingdom, Bolivia, Ecuador, Mexico, Kenya, and Kyrgyzstan, we have become a strategic partner on a global scale. MFR holds the largest geographical coverage (>70%) among specialized rating agencies and to date we have conducted 2,800+ assignments in 110+ countries worldwide. Visit our\u00a0website for more\u00a0information or follow us on\u00a0LinkedIn<\/a>.<\/p>\n

About Kinara Capital<\/strong><\/p>\n

Kinara Capital is a fast-growing fintech company dedicated to the last-mile financial inclusion of small business entrepreneurs in India. Kinara Capital has disbursed over INR 6,700 crores across 100,000+ collateral-free business loans, thereby propelling vast MSME financial inclusion. Kinara\u2019s visionary Founder & CEO Hardika Shah leads with a women-majority management team and has raised the bar for gender inclusivity with its HerVikas program for women entrepreneurs. The company is qualified as a\u00a0Systemically Important Non-Deposit Non-Banking Financial Company (NBFC)\u00a0by the Reserve Bank of India (RBI) and is a debt-listed entity on the Bombay Stock Exchange (BSE). Founded in 2011, and headquartered in Bengaluru, Kinara Capital has 133 branches serving MSMEs across 100+ cities in India with a workforce of 2,000+ employees. Visit\u00a0https:\/\/kinaracapital.com\/<\/a>\u00a0for more information and follow us on\u00a0LinkedIn.\u00a0<\/p>\n

For further information please contact:\u00a0<\/p>\n

Renu Praveen, PR Lead, Kinara Capital<\/p>\n

Email: pr@kinaracapital.com<\/p>\n

Mobile no: 9742279654<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bengaluru (Karnataka0 [India], May 4: \u00a0Kinara Capital, India\u2019s fast-growing fintech driving last-mile MSME financial inclusion, today announced acquiring the coveted \u2018A\u2019 grade in Social and Environmental Rating (SER) from MFR, a global leader in providing independent assessments, data and technical expertise for sustainable finance organizations. Kinara Capital proudly joins an exclusive group of only 4 […]<\/p>\n","protected":false},"author":1,"featured_media":26532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[624],"class_list":["post-26531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/posts\/26531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/comments?post=26531"}],"version-history":[{"count":0,"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/posts\/26531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/media\/26532"}],"wp:attachment":[{"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/media?parent=26531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/categories?post=26531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shekhawatisamachar.com\/index.php\/wp-json\/wp\/v2\/tags?post=26531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}