Venture: SOKO

Investment: $1M loan

Portfolio: Scaling Capital

Investment date: December 2020

Region(s) served: Sub-Saharan Africa

Sector: Economic Empowerment

Core Impact Metric: Increased artisan income

A working capital loan to help finance raw material purchases ahead of high season demand

SOKO is a women-led, people-first ethical jewelry brand platform that offers informal slum artisans formal jobs in Kenya, connecting those artisans to the global jewelry market.

Why Rippleworks Invested:

The artisan craft industry is the second largest “employer” in the developing world, though too often those jobs are informal and low-paying.

SOKO demonstrates the ability to tap into the growing demand for artisan-produced, socially-conscious, sustainable products through a tech-enabled platform and by connecting informal workers to the formal economy.

SOKO artisans, on average, earn nine times more compared to non-SOKO artisans in the same Nairobi slums.

Read about SOKO’s other engagement with Rippleworks here.