Acumen Invests $1 Million in Somalia’s KIMS to Grow Off-Grid Solar
Acumen’s Hardest-to-Reach (“H2R”) initiative has invested $1 million in KIMS Microfinance, the largest microfinance institution in Somalia, to support the scaling of its off-grid solar financing activities. This investment is anticipated to bring energy access to 17,000 people and reach 440 businesses and large households with productive-use energy, helping to facilitate local economic activity.
Photo courtesy of World Bank Photo Collection.
