We aim to support promising Somali businesses with an existing track record that are in need of capital. Our approach is to start small, build a relationship, and expand from there. Historically, investments have been in the agriculture, livestock, fishing and honey sectors, as well as women owned businesses and credit associations. Even though we have experience with the above sectors, we are open to other socially and environmentally responsible enterprises that drive job creation and have a compelling business model.
Funding to date has ranged between USD$5,000 to USD$125,000, based on the strength of the proposal. Promising investments requiring greater amounts of capital will be considered. We do not provide finance for working capital.
If you are a Somali business based in Somalia and interested in acquiring financing through Shuraako’s service, please submit a completed Concept Note or contact us at firstname.lastname@example.org for more information.