Kaal Somalia is a local crowdfunding platform in Somalia. Experience from our training programs have shown that funding is a major challenge for entrepreneurs who want to convert their ideas into real businesses. The funding requirements of the local banks are very strict and hence would make realizing the entrepreneurs’ business ideas almost impossible.
Therefore, from these experiences, we realized the need to establish a SIMAD University-owned crowdfunding platform that would enable our entrepreneurs to raise funds from their family and friends, the largest supporters of startups globally. Furthermore, through a renting mechanism, the platform also enables our partners to use it for raising funds. Kaal Somalia has an EVC payment option and that makes the strongest option available in Somalia.