Inkomoko
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner Description:
Inkomoko, formerly known as African Entrepreneur Collective (AEC), provides training, advisory, and low-cost financing to entrepreneurs. Inkomoko's vision is an Africa with thriving communities where young people and refugees are engaged, communities have access to relevant innovations for self-determination, and where African solutions are unleashed to solve African problems.
Founded in 2012, Inkomoko has provided business advisory and access to finance for thousands of entrepreneurs across East Africa. As the largest investor in refugee businesses in Africa, they have disbursed more than $7.7M in capital to more than 3000 clients as of 2023. This affordable finance for Inkomoko entrepreneurs helps them grow their businesses, create jobs, and improve their livelihoods.
As they look forward, Inkomoko is developing new ways to engage communities to thrive. Creating meaningful market linkages, expanding to secondary cities, and advocating for economic inclusion, Inkomoko has added these community-based approaches to their enterprise development work.
Inkomoko started in Rwanda ten years ago and now has offices in Kenya and Ethiopia. By 2030, Inkomoko will be in 8 countries, serving more than half a million small businesses, creating a positive impact for more than 7 million people across the Continent.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Jul 31, 2013 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $6,172,375 | $2,060,115,930 | |
Amount of raised Inactive loans | $0 | $299,975 | |
Number of raised Inactive loans | 0 | 329 | |
Amount of Paying Back Loans | $732,330 | $151,125,520 | |
Number of Paying Back Loans | 777 | 178,826 | |
Amount of Ended Loans | $5,440,045 | $1,863,396,330 | |
Number of Ended Loans | 4,609 | 2,516,664 | |
Delinquency Rate | 36.14% | 11.66% | |
Amount in Arrears | $108,515 | $10,619,673 | |
Outstanding Portfolio | $299,083 | $91,107,381 | |
Number of Loans Delinquent | 546 | 34,759 | |
Default Rate | 1.41% | 1.83% | |
Amount of Ended Loans Defaulted | $76,876 | $34,066,795 | |
Number of Ended Loans Defaulted | 48 | 91,292 | |
Currency Exchange Loss Rate | 0.91% | 0.47% | |
Amount of Currency Exchange Loss | $86,639 | $12,915,654 | |
Refund Rate | 0.40% | 0.55% | |
Amount of Refunded Loans | $24,825 | $11,263,070 | |
Number of Refunded Loans | 22 | 9,868 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 46.56% | 78.51% | |
---|---|---|---|
Average Loan Size | $1,120 | $393 | |
Average Individual Loan Size | $1,145 | $585 | |
Average Group Loan Size | $1,394 | $1,913 | |
Average number of borrowers per group | 8.8 | 8.3 | |
Average GDP per capita (PPP) in local country | $1,700 | $5,592 | |
Average Loan Size / GDP per capita (PPP) | 65.88% | 7.03% | |
Average Time to Fund a Loan | 9.29 days | 9.13 days | |
Average Dollars Raised Per Day Per Loan | $120.60 | $43.03 | |
Average Loan Term | 9.13 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 1,673 | 1,228,233 | |
---|---|---|---|
Journaling Rate | 30.77% | 41.93% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 9% APR | 31.00% PY | 27.12% PY | |
---|---|---|---|---|
Profitability (return on assets) | 20.77% | -3.2% | -1.71% | |
Average Loan Size (% of per capita income) | N/A | 81.00% | 0.00% |
Country Fast Facts
- Country:
- Rwanda
- Capital:
- Kigali
- Official Language:
- Kinyarwanda only (official) 93.2%, Kinyarwanda and other language(s) 6.2%, French (official) and other language(s) 0.1%, English (official) and other language(s) 0.1%, Swahili 0.02%, other 0.03%, unspecified 0.3%
- Population:
- 12,337,138
- Avg Annual Income:
- $1,700
- Labor Force:
- agriculture: 90%, industry and services: 10%
- Population Below Poverty Line:
- 44.90%
- Literacy Rate:
- 70.50%
- Infant Mortality Rate (per 1000):
- 59.59 deaths
- Life Expectancy:
- N/A years
Lending Partner Staff
Sumaya AbbasInkomoko API
Wivine Bazizane RUSINGIZA
Abirengeye charite
Tabitha Erupe
Marion Gathuru
David Indekwe
Rachel Ingabire
Placide Iradukunda
Belyse Isimbi
Diana Kabega
Hussein Kadweka
Sara Leedom
Claude Mazimpaka
Eric Mbarushimana
Metissa Mpore
Thierry Mugabe
Emmanuel Mugabo
Natacha Murekezi
Doreen Mutesi
Charles Muyango
Samuel Mwangangi
Cyrus Mwangi
Edyson Mwenedata
Innocent Nsazabaganwa
Frederic Nzayiramya
Julienne Oyler
Gashayija Raissa
Ifrah Rashid
Joy Rugomwa
Andrew Rukundo
Lilliane Rumanyika
Joyce Rurangwa Umwungeri
Sharon Umutesi