Photo - Soko Uganda
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Soko Uganda

create market linkages of micro businesses in Uganda

Uganda
Market: Internet and IT, Other
Stage of the project: Operating business

Date of last change: 18.02.2023
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equalizer from 2000
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Idea

most micro businesses in Uganda are the majority but do not have the capacity to grow on their own. we create markets and also offer business development services to help them grow as we are also making money

Current Status

Make about 200 USD a month since w have just started the operation.
currently, we are in operation and the business has started generating revenue .each stage is a learning stage and changes are being made

Market

miro businesses, government, development partners
households and exporters

Problem or Opportunity

a huge number of micro-businesses in Uganda that need market access

Solution (product or service)

.we have an e-commerce platform that links sellers to buy and if the buyer is interested delivery is done. we also have a virtual wallet where we offer loans to suppliers and pay back interest if they do not have the capacity to fulfill the order

Competitors

JUMIA and USSIA

Advantages or differentiators

we have the skillset and our model is unique since it solves the problems faced by SMEs

Finance

subscription
Commission
interest rates
advertising on the portal
delivery charge
grants

Business model

e-commerce platform showcases the products online and somebody can buy the product online by placing the order

Money will be spent on

money will be spent on marketing and IT advacements

Offer for investor

5% stake in the business

Team or Management

Risks

limited to finance the boost in awareness which is marketing

Incubation/Acceleration programs accomplishment

youth start up accelerator

Won the competition and other awards

BEST SME innovation champion Private sector foundation Uganda awards
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation