Social Investment Managers and Advisors
SIMA Angaza Distributor Finance Fund

SIMA and Angaza’s data-driven investment fund providing access to debt capital for clean energy distributors in developing markets. Ceniarth supported the $3 million pilot fund with $300,000 alongside Shell Foundation and Skoll Foundation in 2020. The SIMA Angaza DFF is a fund working to distribute inventory and receivables financing to distributors of clean energy products in developing countries. A typical investment provides 2-3 year debt to distributors for the purpose of financing the inventory of solar lanterns, solar home systems, and productive-use assets on credit. By providing debt capital to traditionally overlooked distributors, the data-driven DFF accelerates the growth of the off-grid energy sector while increasing access to life-changing products for families across developing countries. Angaza is a leading software provider for solar PAYGO companies. With permission from interested Angaza distributors, the Distributor Financing Fund combines SIMA’s underwriting technique with data from the Angaza Hub to assess eligibility for funding, reduce the duration and complexity of due diligence, and monitor and report on loans.