BK & Inkomoko award six entrepreneurs in 6th edition of BK Urumuri initiative

Bank of Kigali has awarded six Rwandan innovative entrepreneurs a total of Rwf25 million to support their business growth coupled with business development training offered by Inkomoko.

The six were selected out of a pool of 25 entrepreneurs who competed to gain access to the zero-interest loan after pitching their business ideas on grounds of showcasing their profitability and an element of creating a social impact.

Under 6th Edition of BK Urumuri initiative, the 25 entrepreneurs underwent capacity-building sessions for six months and were trained on different skills such as financial literacy, digital marketing, and human resource management, among other business management tools.

Darius Mukunzi, Head of SME department, BK, reminded the entrepreneurs to keep a mentality of a champion that will push them to wake up every day to make their businesses thrive against all the odds. “The main contribution of BK is to impact an entrepreneur who will create a business that will last for the next 50 years,” continued Mukunzi.

Annick Umutibagirana, Founder of Holly Trust Ltd and one of the winners, noted that competition is always hard no matter how small it is.

“I went home with Rwf5 million and it is very motivating. This money will help us increase our production and market as well as give more jobs,” she said.

Other award-winning businesses include Family Pride Bakery Ltd, House of Kanyana Ltd, Chameleon Resources Ltd, Afia Pharma Group Ltd, and Vision Agribusiness Farm ltd.

The competition began in 2017 marking Bank of Kigali’s 50th anniversary and has since been held annually as a sign of the bank’s continued commitment to invest in Rwanda’s emerging business leaders awarding a total of 30 business owners since the inception of BK Urumuri.