SIMA Impact Foundation launches scholarship program for future impact investors
Majority of impact managers are based in developed countries with only a limited number of impact asset managers indigenously based. At SIMA, a vast majority of staff are based in some of the poorest countries in the world hence we see an opportunity to identify and develop talent locally, and to support local training of staff.
New York City, March, 2022 — Social Investment Managers and Advisors (SIMA) is pleased to announce the launch of the SIMA Impact Foundation’s Scholarship Program for future Impact Investors. The Foundation has partnered with Netri Foundation and The John F. & Mary A. Geisse Foundation to be the initial funders in this Scholarship Program which aims to provide an opportunity for promising students from low-income backgrounds who need resources to attend universities in the countries where the Foundation works. To date SIMA Impact Foundation has partnered with three institutions to host the students including The Citizens Foundation in Pakistan, Strathmore University in Kenya and Makerere University in Uganda.
The scholarship targets those most in need and SIMA Impact Foundation will use its local presence to help identify, select and mentor the most deserving scholarship recipients. Recipients will not only be provided with tuition assistance, but also opportunities for practical training through available internships at SIMA Impact Foundation or its partners.
“SIMA works in some of the poorest countries and communities in the world, and we see an opportunity through this program to mentor and support young future indigenous impact investors in these emerging markets. Gender lens is most important to us and female students meeting all the criteria are strongly encouraged to apply. I would like to thank Netri Foundation and The John F. & Mary A. Geisse Foundation for believing in this idea and anchoring this first close investment to make this a reality.” said Asad Mahmood, the CEO of SIMA.