For more than two decades, Jay Chandarana has had to rely on commercial banks to meet the day-to-day working capital needs of his family business, sesame seed exporter Dhaval Agri. The arrangement has worked: the company has grown to account for 13 percent of the country’s total exports, making it the largest exporter of sesame seeds in the market. Yet despite shipping seeds to customers in 40 countries, it remains a mid-sized company, with revenues of just $83 million last year.
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