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Twenty-five businesses will receive interest-free loans as the 6th edition of the BK Urumuri project gets underway.

By Imirasire On:7 May

The Bank of Kigali and Inkomoko Entrepreneur Development have launched the sixth iteration of the BK Urumuri Initiative, which aims to find and promote 25 innovative firms. The competition’s winners will receive six months of Inkomoko training, counseling, and business advice, as well as the opportunity to expand their enterprises, generate more jobs, and secure an interest-free loan from Bank of Kigali.

Outstanding imaginative digital economy enterprises that harness technology in their daily operations and offer digital solutions to answer Rwanda’s pressing needs will be highlighted for this 6th edition, especially those that have a beneficial social or environmental impact.

"At Bank of Kigali we believe in business as a model to transform lives and our country. We are devoted to supporting youth-led enterprises by giving them access to interest free loans. In this year’s BK Urumuri, we will select the best innovative ideas that provide digital solutions and equip these entrepreneurs with skills they need to unlock their full potential and foster their businesses to greater heights,” said Chief Executive Officer, Dr. Diane Karusisi.

Emmanuel Mugabo, the Managing Director of Inkomoko Interim stated that "the digital economy is no longer the future ; it is here and many Rwanda entrepreneurs are already embracing it, creating innovative solutions. We are seeing many businesses adopting digital solutions in their day-to-day work. At Inkomoko we are immensely proud to support entrepreneurs that will create digital solutions for Rwanda and beyond,”

The application deadline for the BK Urumuri Initiative is May 13th, and the 25 winners will participate in the Inkomoko Business Development accelerator program from June through September. Businesses must be based in Rwanda, have annual turnover of less than Rwf500 million, have proof of registration for at least one year, and show financial profitability or expect to achieve profitability within the following year to be eligible. People of all ages and ethnicities are welcome to enter.

Entrepreneurs can access the application link at www.inkomoko.com and contact +250 788 358 639 with any queries about the BK Urumuri Initiative 2022 and the potential to receive consulting and zero-interest financing.

src: IGIHE

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