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.

Related News & Events: 
Sep. 12, 2018

Congratulations to SimGas! They took home the prize for the Innovative Technology category at the prestigious 2018 Climate & Clean Air Awards. They were recognized for their revolutionary, high-quality and affordable biogas systems, which have tremendous positive impact on climate and health.

Aug. 24, 2018

Congratulations to SimGas! They've been chosen as a finalist for the 2018 Climate and Clean Air Award. This award recognizes exceptional contributions toward reducing short-lived climate pollutants, which contribute about 40% of the manmade heat energy being added to the planet every year.

SimGas is 2018 ASME Innovation Showcase Winner in Kenya
Jul. 23, 2018

The Biogas Milk Chiller by SimGas enables off-grid dairy farmers to store, deliver, and sell the highest possible quality and quantity of milk. Milk is kept cool overnight until it is delivered/sold the next day. This decreases milk spoilage and increases income potential for dairy farmers.

May. 25, 2018

SimGas were big winners at ASME’s 2018 Innovation Showcase! They'll use their $10,000 prize to pilot their biogas milk chiller with a group of 20 Kenyan farmers. They hope to learn more about their payment model, and to further investigate the farmer to processor cooling chain.