Somo's first Mombasa cohort was launched through our virtual Buruka Business training! This September 2020 cohort graduated nine trainees this past Saturday, and we will be making our first investments in January 2021. As we prepare to onboard the newest entrepreneurs to our Acceleration program, we are also planning to launch the Mombasa Hub. Please join our crowdfunding campaign to help us build a space, make our first investments and train our second cohort of 15 aspiring entrepreneurs.
Mombasa is a coastal city of Kenya. It is one of the oldest and second-largest cities in Kenya. Of the 1.2 million residents, 40% live in the informal settlement lacking the basic services and employment opportunities due to overpopulation. Similar to Nairobi and Kisumu, residents from these underserved settlements have community-changing ideas, but they lack the training, capital, mentorship and market access, to bring change in their communities.
Somo invests in community-led initiatives and provides the resources entrepreneurs need to build sustainable enterprises. These resources include business training, funding, access to new markets and tailored advising and mentorship. Our goal is to create unlimited opportunities for entrepreneurs whose talent are unutilized due to lack of capital or wasted in crime and menial jobs.
Your support will give us a home in Mombasa, providing trainees and entrepreneurs with a supportive space to work and grow their businesses from. If you're in a position to help us expand our impact, please consider donating!