Inkomoko: Empowering MSME`s and Refugees in Africa through Impact Investments
| Case Code: LDEN193 Case Length: 8 Pages Period: 2012-2022 Pub Date: 2023 Teaching Note: Available |
Price: Rs.300 Organization : INKOMOKO Industry :Financial Services Countries : Kenya Themes: Entrepreneurship, Social Entrepreneurship, Socially-responsible,Investing,Inclusive Business Models |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
Aec’s (Inkomoko’s) Comprehensive Services for Entrepreneurs
AEC equipped its clients with knowledge, tools, and processes that were practical and applicable to their requirements. Unlike many advisory firms that helped businesses apply for finance, Inkomoko had its own investment fund to offer capital directly to its clients. The company offered consulting services in Amharic, Arabic, English, French, Kinyarwanda, Kirundi, Somali, and Swahili..
Growth Strategy
AEC had a focused effort to increase its operations and impact on the entrepreneurship ecosystem in Africa. The accelerator set up operations across the small towns in Rwanda and Kenya to offer support to the smaller businesses. AEC also launched accelerator and financing programs for different segments including students, women, and refugee entrepreneurs..
Replicating The Business Model in Other African Countries
AEC began operations in Kenya in 2019 and soon had over 40 staff in 6 locations. Here too, the company reached out to refugees, host communities, and secondary cities with a mix of advisory and financing services and Sharia-compliant financing products to ensure full economic inclusion of clients in Kenya..
Future Plans
In September 2022, AEC rebranded itself to Inkomoko. Rebranding was part of a series of events marking the tenth anniversary of the company. Oyler stated the firm would continue to work with business communities in refugee settings and deploy more investments and digital services, and market-linkage strategies..
Exhibits
Exhibit I: Inkomoko’s Leadership Team
Exhibit II: Inkomoko’s Values
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