1Community, a micro-business incubator and network, is an initiative of Diatom Impact
Diatom Impact is a catalyzing agent well-positioned to tackle the challenges that MSME's are facing and enable entrepreneurs to make the difference their communities need.
We offer patient capital with over 15-year terms at single-digit interest rates and no collateral requirement.
All of our work is tech-enabled. Registration, documentation, and monitoring is all facilitated by 1Community's unique platform.
In addition to debt support, we offer business coaching, advisory, and COVID crisis management.
Through 1Community, members start to build credit worthiness, build their capacity and formalize their business.
There are 42 million MSMEs in Nigeria alone and 21 unemployed people. We need to harness this large and powerful entrepreneurial base to empower the unemployed and the underemployed. If we were to add just 4 employees to 10 million MSME's, we would have created 40 million economic agents who spend, save, and invest in their local economies.
Micro-enterprises are businesses with fewer than 10 employees. 99.8% of Nigerian MSMEs are micro-enterprises. Of these micro-enterprises, 98% are not registered, 64% have less than $138 USD in start up capital, and only 1% pay taxes.
We aim to support 5000 entrepreneurs of which 3000 will be women-led. Through this work would have created:
A nation that destroys its soils destroys itself. Forests are the lungs of our land, purifying the air and giving fresh strength to our people.