Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Inkomoko, formally called African Entrepreneur Collective (AEC), is a business accelerator program that aims to help African youth-led enterprises grow and create new jobs for the poor in their communities. This unique, comprehensive program is committed to addressing the unemployment problem in Rwanda and Kenya and capitalizing on the opportunity for sustainable small and medium enterprise (SME) growth to fill a demonstrated need in East Africa.

The program offers business training to young entrepreneurs to enhance their practical skills in accounting, finance, marketing and more. Additionally, Inkomoko provides tailored, real-time support to new entrepreneurs by connecting them with mentors from around the world and providing them with technical assistance and access to capital.

60% of the population in Rwanda is under 24, and roughly 20% is between the ages of 15 and 24. It’s estimated that between now and 2020, two million jobs will have to be created in order to accommodate the growing population of young entrants into the labor market. With more than 10 million people entering Africa’s labor force each year, it’s important to find solutions to the continent’s youth unemployment problem.

By accelerating the growth of some of the country’s 190,000 micro-entrepreneurs, and turning them into job creators, Inkomoko believes it will have the strongest impact on sustainable SME development in Rwanda.

Kiva lenders’ funds are used to impact more entrepreneurs in the country and create more job opportunities.

A unique lending approach:

Inkomoko aims to support and invest in young entrepreneurs who have demonstrated success at a small scale, and help them grow their businesses to create jobs for others in their communities. Each year, Inkomoko recruits and selects 100 entrepreneurs to participate in a two-year business accelerator. Once identified through competitive applications, entrepreneurs receive business training to sharpen their skills.

Overall, the organization works in three areas: a) focus on existing entrepreneurs to provide them additional support to expand the business and become more successful. b) develop entrepreneurial capacity by providing practical, strategic and hands-on mentoring and training to equip entrepreneurs with hard and soft skills needed for growth. c) remove barriers to growth by providing technical assistance and deliver curriculum on practical skills and building individual capacity.

Inkomoko currently offers a business loan program which is offered exclusively for the entrepreneurs that are part of the accelerator program. The goal of this program is to help entrepreneurs withstand low cash flow periods and purchase capital equipment and inventory to increase capacity, as they are growing their business in order to access larger, longer term financing in the future.

Inkomoko partners with African Innovation Prize, incubators, technical schools including the Akilah Institute for Women, Rwanda Development Board, GroFin, and many others to receive referrals of high growth potential enterprises.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jul 31, 2013 Oct 12, 2005
Total Loans $4,693,500 $1,781,490,640
Amount of raised Inactive loans $375 $814,125
Number of raised Inactive loans 1 851
Amount of Paying Back Loans $1,311,225 $156,994,320
Number of Paying Back Loans 528 182,938
Amount of Ended Loans $3,381,900 $1,618,488,995
Number of Ended Loans 3,292 2,146,809
Delinquency Rate 7.95% 15.83%
Amount in Arrears $72,255 $15,422,675
Outstanding Portfolio $750,006 $97,411,333
Number of Loans Delinquent 239 83,464
Default Rate 2.16% 1.71%
Amount of Ended Loans Defaulted $73,115 $27,722,888
Number of Ended Loans Defaulted 21 72,076
Currency Exchange Loss Rate 0.01% 0.46%
Amount of Currency Exchange Loss $418 $9,555,807
Refund Rate 0.33% 0.56%
Amount of Refunded Loans $15,275 $10,002,420
Number of Refunded Loans 10 9,208

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 45.45% 77.84%
Average Loan Size $1,190 $389
Average Individual Loan Size $1,228 $594
Average Group Loan Size $1,394 $1,844
Average number of borrowers per group 8.8 8.2
Average GDP per capita (PPP) in local country $1,700 $5,624
Average Loan Size / GDP per capita (PPP) 70.02% 6.92%
Average Time to Fund a Loan 8.89 days 8.48 days
Average Dollars Raised Per Day Per Loan $133.88 $45.89
  Average Loan Term 9.03 months 11.39 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1,390 1,086,263
  Journaling Rate 39.22% 42.54%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 9% APR 31.00% PY 26.18% PY
  Profitability (return on assets) N/A -3.2% 0.00%
  Average Loan Size (% of per capita income) N/A 81.00% 0.00%

Country Fast Facts

Field Partner Staff

Inkomoko API
Wivine Bazizane RUSINGIZA
Abirengeye charite
Yvon Christian Ntwali
Tabitha Erupe
David Indekwe
Rachel Ingabire
Placide Iradukunda
Daisy Iribagiza
Edward Irura
Belyse Isimbi
Diana Kabega
Hussein Kadweka
Pierra Kimathi
Sara Leedom
Metissa Mpore
Thierry Mugabe
Natacha Murekezi
Emery Musonerwa
Doreen Mutesi
Charles Muyango
Samuel Mwangangi
Edyson Mwenedata
Innocent Nsazabaganwa
Frederic Nzayiramya
Julienne Oyler
Joyce Rurangwa Umwungeri
Jean De Dieu Twizeyimana
Sharon Umutesi