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A regional organization, Inkomoko has announced a groundbreaking pledge to invest in 90,000 micro and small businesses across Africa including South Sudan.

This announcement was made during the second Global Refugee Forum which took place in Geneva, where governments, organizations, and private donors made pledges to support and address the challenges related to refugees.

The investment targets local, private-sector enterprises, with a specific focus on businesses operating in refugee-hosting communities in six African countries including South Sudan.

“In South Sudan, where Inkomoko has started operations this year, this commitment will directly impact 15,000 refugee and host community businesses by 2027.

“As the largest lender to refugees in Africa, Inkomoko knows direct investment in refugees and host communities is pivotal to building thriving communities and creating opportunities for self-sufficiency, ” said William Ngabonziza, Inkomoko Managing Director for South Sudan.

This investment aims to directly impact refugee and host community businesses across Ethiopia, Kenya, Rwanda, and South Sudan where Inkomoko already operates as well as two new other countries. Inkomoko’s investments will also have a significant emphasis on inclusivity, with 60% of the supported businesses led by women and 50% by youth, ensuring equal opportunities for those often excluded from traditional finance.

In Inkomoko’s track record of investing in marginalized communities, the repayment rate of 97% demonstrates that investing in refugee communities is a sustainable approach to economic development.

At the inaugural Forum in 2019, Inkomoko had pledged to-and has now provided 35,000 refugee and host community entrepreneurs with business development support services and low-cost loans in East Africa.

ABOUT INKOMOKO

Inkomoko supports micro and small enterprises across Africa so that they can grow to improve livelihoods and create jobs and thriving communities. Inkomoko is a Kinyarwanda word meaning “origin,” a recognition that for many, Inkomoko’s services are the beginning of sustainable business growth. With operations in Ethiopia, Kenya, Rwanda, and South Sudan, Inkomoko is Africa’s largest investor in refugees and will improve livelihoods for 7.6M people by 2030.
Learn more about the activities of the enterprise at www.INKOMOKO.com