Empowering Communities with Clean Energy and Financial Inclusion
The milestones achieved thus far by SIMA’s Off-grid Solar Fund I are truly remarkable. With more than 4.4 million households directly benefiting from the fund, its impact on communities is tangible. Equally important is the positive environmental contribution, as the portfolio companies have collectively avoided an average of 5.4 million tons of CO2 emissions per year. Moreover, the fund’s establishment of a Code of Conduct has had a far-reaching influence, inspiring the GOGLA association’s adoption of a similar code that has garnered endorsement throughout the off-grid solar sector.
Hear from Our Investees
“EARF funding has been timely, helping us not retrench any employees but stay afloat. Without the funding, we would have closed the business. With the help of EARF, all the women sales agents were able to take care of their families.”
“After three years of very difficult circumstances from COVID and cyclones, EARF funding made it possible for SolarWorks to combat supply chain consequences and show its potential – grew 60% in Mozambique and almost 100% in Malwai, and also showed EBITDA positive results on a group level.”
“EARF funding has been very timely and useful help since the beginning of the pandemic in early 2020.”
“Without this loan, it would have been very difficult for us to keep the company running as our products are sold on a PAYG model so as to make it affordable to the bottom of the pyramid, which is our target market.”