SIMA

Over 1.2 billion people in Sub-Saharan Africa and Asia lack electricity. Though kerosene is the most often used alternative, off-grid solar is regarded as cleaner, safer, brighter, more reliable, and ultimately cheaper. Social Investment Managers & Advisors (SIMA) is working to fill this need for bottom-of-the-pyramid beneficiaries with its Fund One that will make loans to companies in the off-grid solar energy and financial access sectors in these severely underserved areas.

Off-grid solar power allows children to study longer at night, provides power for entrepreneurial activities, and improves the health of local populations by lessening smoke intake. Given the high demand for off-grid solar energy, SIMA’s fund will have high impact in a short period of time by offering early stage growth debt capital to solar companies and organizations that work with microfinance institutions. Partners for the Common Good’s $400,000 investment will allow SIMA to improve the lives of individuals and communities at the very bottom of the global pyramid.

PCG Loan Amount: 

$400 000

Total Loan Amount: 

$400 000

Our NMTC Projects

Community Facilities, Healthcare, NMTC
Philadelphia, Pennsylvania
Impact Summary

$5 million NMTC allocation funds medical center for low-income Philadelphia seniors.

Participating Lenders:
None
Community Facilities, NMTC
Chicago, Illinois
Impact Summary

$6 million NMTC allocation helps build new small food business incubator in Chicago.

Participating Lenders:
None
Community Facilities, Education, NMTC
Little Rock, Arkansas
Impact Summary

$7 million NMTC allocation helps construct Little Rock charter elementary and middle school for 1,245 students.

Participating Lenders:
None

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