Established in 2014, SOKO is a company that designs, markets and sells ethical fashion jewelry and accessories. SOKO delivers affordable, fashionable styles of handcrafted jewelry created by artisans based in peri-urban areas of Nairobi. Their artisans use natural materials such as recycled brass and cow horns to make beautiful handmade jewelry.

 

In 2016, GBF committed a 3-year revolving credit line to SOKO for its working capital needs. The company’s competitive advantage is its technology and operating platform which utilizes a large (1000+) artisan base in Kenya to produce just in time orders for customers globally. This investment will allow the company to finance its purchase orders and build inventory as it expands its offering to its European, American and Asian clientele.

GBF BAS & SOKO:

GBF’s BAS with SOKO is focused on increasing the company’s network and strengthening its working relationship with its artisans.

 Financial Management: Help establish a good financial reporting standard for better decision making

Corporate Governance: encouraging a governance routine to include all stakeholders along with monthly review of financials

Strategy: Evaluation of business model and helping the company put in place a long term growth strategy

Environmental & Social (E&S): Supply chain impact study and conduct artisan value-add trainings for better account and record keeping

SOKO works with more than 1,000 artisans, producing over 125,000 products

SOKO provides an advance to their artisans to begin production.

On the overall closure of an order, SOKO shares 15-20% of the order value with the artisans

SOKO has provided $650k in income generation since its inception

SOKO provides technical assistance and training for artisans to help them move into a skilled labour earning bracket

Learn more about Our Approach to Measurement.