IN THE WORLDS MOST UNDERSERVED AREAS
SOMO is the root of a Swahili word meaning "lesson".
We are called SOMO because we all have lessons to learn from each other. Visionary entrepreneurs exist in informal settlements around the world.
Somo is a 501 (c) (3) non-profit and pledges that 100% of donations go to funding our entrepreneurs.
1 billion people live in poverty.
Cities are increasingly overcrowded, with growing slum populations. Those urban slums have poor infrastructure with little to no health care, education, or economic opportunity. These otherwise dire conditions create huge opportunities for social entrepreneurs.
There are amazing entrepreneurs with community-changing ideas that come from low-income backgrounds. But these entrepreneurs lack the training, capital, mentorship and market access, to bring change in their communities.
our mission &
SOMO identifies, trains, funds and mentors entrepreneurs looking to drive social change by building enterprises in their own low-income urban communities. We invest in social entrepreneurs and provide the training and tools to help them build enterprises that change their communities from within. By investing in the right people, we help break the cycle of poverty and help bring long-term stability to urban slum areas.
Our Entrepreneurship Bootcamp teaches business skills, storytelling, and financial literacy. The training is tailored to the needs of each entrepreneur and driven by the market research they conduct with our assistance. Training starts with problem
solving and ideation, and is supported by market research and business planning. This is followed by financial
modeling, digital literacy and capitalizing a business training.
BOOST BIZ NA SOMO
Boost Biz na Somo (Basic Business Course) focuses on existing small businesses to help upscale current operations. During this training we teach practical skills like reporting, profits and loss, customer relations,and pitching. Trainees will get a chance to pitch their business in front of SOMO entrepreneurs and get feedback and advice onboth their pitches and their businesses.
As part of our Acceleration program, SOMO provides non-
repayable financing to entrepreneurs for initial capital
expenditures to get their ventures started. Later stage funding is provided as debt capital.
Continued funding is contingent on success metrics developed by the entrepreneurs and SOMO team.
As part of our Acceleration program entrepreneurs receive 1:1coaching from both the SOMO team and our volunteer
SOMO advisors provide mentorship and help grow Somo businesses. Entrepreneurs have access to monthly startup series events where Somo advisors teach lessons on areas of expertise. Somo advisors provide 1:1 support to businesses either through office hours or by working directly with one enterprise.
GROW YOUR MARKETS
Entrepreneurs are able to sell their products through SOMO. We have both a physical store and online retail presence. Featuring the wares of our talented
entrepreneurs, the shop gives them
access to a larger customer base and an opportunity to expand
how we do it?
Stay tuned and be notified about the next updates.
become a supporter
Interested in impacting entrepreneurship in Kenya? Contribute to support entrepreneurs coming from low-income urban areas. We pledge 100% of your donations to the entrepreneurs we work with.
$500 - Training for one entrepreneur
$2,000 - Invests in start-up capital for one entrepreneur
$7,500 - Supports a training cohort to go through Somo's Entrepreneurship Bootcamp
$20,000 - Supports a full cohort with start-up capital
become a mentor
Our program would never be as successful as it is without the help from our smart and generous mentors. We are proud of our community of professionals who are passionate about their work and willing to share their knowledge with the fresh entrepreneurs.
Are you a business professional who wants to share their skills with the community to help it grow? You are more than welcome to join us!
become a fellow
We value and appreciate volunteers, who help our entrepreneurs overcome some of the challenges they face in their business. As a fellow, you provide invaluable experience and this relationship is one of the primary reasons why our entrepreneurs are able to achieve great growth milestones for their enterprises.
Would you like to provide lessons, diagnostic assessments and recommendations that would inspire a local start-up to come up with data-driven conclusions that are right for them?
become an entrepreneur
We believe that there is a lot of potential and talent out there. Do you have a business idea and want to start your own small business? However, don't have skills and don’t know where to begin?
Our team is here to help you. Somo's Entrepreneurship Bootcamp is a 12-week course focused on getting you ready to launch your startup. If you are interested click the button and apply!