Cities are increasingly overcrowded, with growing slum populations. Fast-growing cities typically lack the infrastructure, resources and services necessary to support population growth. Nairobi exemplifies these trends, with 70% of its population living in unincorporated settlements. With over 6.5 million people in greater metropolitan Nairobi, the issues of inadequate social services and infrastructure in informal settlements are affecting over 4.5 million people. The implications are profound
The Somo Project is an incubator for impact entrepreneurs from low-income urban communities. Currently, we have trained 210 aspiring Nairobi entrepreneurs on business fundamentals - business plans, financial records, and projections. We have graduated 60 from our 12-week entrepreneurship bootcamp. And we are partnered with 27 entrepreneurs who we fund, mentor and help access additional markets for 2 years after our initial investment.
We will grow our program beyond these limits as our current businesses in Nairobi continue to grow, as we invest in more Nairobi entrepreneurs building impact businesses in low-income neighborhoods, and as we expand our program to other urban environments around the world, creating a global network of change-makers. We will sustain these programs through a combination of revenue generated at the organizational level and grants and donations.
This project has provided additional documentation in a PDF file (projdoc.pdf).