SimGas Launches Second Crowdfunding Round

Published Sep. 22, 2017

At Simgas

 

About Powering Agriculture

Powering Agriculture: An Energy Grand Challenge for Development supports the development and deployment of clean energy innovations that increase agriculture productivity and stimulate low carbon economic growth in the agriculture sector of developing countries to help end extreme poverty and extreme hunger.

SimGas is growing fast in Kenya, currently at ~200 sales per month. This great success is partly made possible by Lendahand crowdfunding: it enables SimGas to prefinance their biogas digesters for their customers, such that they can each get a loan to own a biogas digester.This has made access to biogas —the cleanest, easiest and most reliable off-grid cooking fuel—affordable to millions of rural households in Kenya.

Last week SimGas raised 84,400€ in a couple of days, with which they can serve 125 households. Because this is working so well for SimGas and for their customers, SimGas decided to launch a second crowdfunding round in this month, confident that they will raise the same amount.

With a loan of 84,400€, SimGas will provide loans to another 125 farmers living in the Kenyan counties Muranga and Meru to enable them to each acquire a SimGas biogas system.

Do you want to benefit from this opportunity as well? You can invest directly in SimGas Kenya from as little at 50€ to as much as you want, at an interest rate of 6.25% p.a.

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