The Boma Project

Rating: 4.94 stars   36 reviews

Issues: Food, International, Economic Development, Microfinance

Location: PO Box 1865 7272 Main Street, Suite A Manchester Center VT 05255 USA

Mission: The BOMA Project is an innovative microfinance organization that helps ultra-poor women in Northern Kenya to graduate from extreme poverty. We help women start small businesses, so they can earn a sustainable income, survive drought, pay for food and medical care, send their children to school, and accumulate savings for long-term family stability.
Results: Since 2008, BOMA has launched 1,380 businesses across Northern Kenya, changing the lives of 4,668 women who support more than 23,400 children. Our goal is to lift 100,000 women and children out of extreme poverty within five years.
Target demographics: Women living in extreme poverty in Northern Kenya. When we begin working with them, 99 percent of BOMA entrepreneurs live on less than $2.50 per day (the poverty line), while 88 percent live on less than $1.25 per day (the extreme poverty line).
Direct beneficiaries per year: 1,200 women (400 businesses per year, three women per business)
Geographic areas served: Laisamis, Loiyangalani, Marsabit and Samburu Districts of Northern Kenya.
Programs: Our cornerstone program, the Rural Entrepreneur Access Project (REAP), provides a seed capital grant, business skills and savings training, and two years of hands-on mentoring by local BOMA Village Mentors to business groups of three women. Once businesses are established and earning profits, we help them to assemble committed savings associations for business expansion and individual interest-bearing loans.
2014 Top-Rated Nonprofit
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EIN 84-1671995
802 231 2542
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Community Reviews

Rating: 5 stars  

I have had the privilege of working with founder Kathleen Colson and her team for the past year, helping them refine and execute communications strategy. Our firm has substantial experience with NGOs and developing world issues. We find BOMA to have an extraordinarily disciplined, effective, and original strategy. They are tightly focused on their target area and target clients -- some of the poorest people in some of the most difficult terrain in the Horn of Africa -- and they produce extraordinary results, including a 97 percent success rate for business start-ups after three years. These guys are the real deal, putting everything they can into developing self-sustaining businesses, developed and mentored by locals, with a model that far outperforms typical microfinance. We are honored to be able to help them tell their story -- dig into the statistics on their site and see for yourself how impressive it is.

Will you volunteer or donate to this organization beyond what is required of advisors?

No

How much of an impact do you think this organization has?

Life-changing

Will you tell others about this organization?

Definitely

When was your last experience with this nonprofit?

2012

 
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Rating: 5 stars  

As an advisor to BOMA, I am always impressed with the high level of commitment, efficiency and positive impact demonstrated by the organization. They partner with the communities they serve, basing programs on actual needs of the people on the ground, and employing and training local Kenyans to implement the projects. They smartly use monitoring and evaluation tools to constantly measure their impact and tweak programs as necessary. With this effective and successful model of international development, BOMA is on a trajectory to expand rapidly in the coming months and years.

Will you volunteer or donate to this organization beyond what is required of advisors?

Definitely

How much of an impact do you think this organization has?

Life-changing

Will you tell others about this organization?

Definitely

When was your last experience with this nonprofit?

2012

 
Flag review