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The Somo Project

Org #53161
Vetted since 2018
2014
year founded
$27,983
raised on GlobalGiving
4
years fundraising
6
projects funded
* Amounts in US Dollars

Mission

Somo is an incubator that works with impact entrepreneurs from low-income urban communities. We provide them with the training, mentorship, capital and market access they need to succeed. Our program includes: A rigorous 12-week Entrepreneurship Bootcamp; Long-term advisory relationships with local and remote business leaders; Early-stage grants; Later-stage growth capital in the form of loans; Market access assistance; Networking and growth partnership opportunities. Our entrepreneurs come from underserved areas and are building businesses that bring positive change to their communities. We measure our success not only by the number of entrepreneurs we train and graduate, but also ... read more

Project Leaders
Amelia Phillips
Amelia Phillips
Team
Amelia H Phillips
Organization Information
92 Morningside Avenue #7E
#7
New York, NY 10027
United States
9145489819
Organization Information
92 Morningside Avenue #7E
#7
New York, NY 10027
United States
9145489819

Project Reports

Each of GlobalGiving’s nonprofit partners is required to send quarterly donor reports detailing the impact of their work. Here are some of their recent updates:

Apr 9, 2022
Thank you for donating to support our next cohort!
Thank you for donating to support our next cohort! Learn more about a few of their businesses below.   1. Kono Farm: Ephraim, founder of Kono Farm, raises edible snails. Kono produces snail meat...
Jul 30, 2021
July 30th update
Hi everyone! Because of your generosity we have managed to train 45 trainees in our cohort 3 in Mombasa (with 70 in total). We have funded 10 entrepreneurs and expect to fund at least 10 more from our...
Mar 31, 2021
Update from Jason on Somo Mombasa
We have made our first investments in Mombasa and graduated our 2nd cohort of trainees! Our 3rd cohort is going to start this May, with 40 trainees it will be our biggest cohort yet. We will provide...
 
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