Frequently Asked Questions (FAQs)

What is SIMA Impact Foundation? 
SIMA Impact Foundation is a US 501(c)(3) public charity and a philanthropic effort of SIMA Funds LLC. Our mission is to serve the needs of low-income people at the base of the pyramid through impact investments.
We create impact by providing scholarships to future impact-investing leaders from low-income backgrounds, supporting their education, and empowering them to drive meaningful change in underserved communities.
The scholarship program focuses on supporting students from Sub-Saharan Africa and South Asia, regions where impact investing is least developed. We aim to cultivate future leaders in impact investing from these regions.
Scholarship recipients are selected through a rigorous evaluation process that assesses their academic achievements, leadership potential, and commitment to making a positive impact in their communities.
Yes, we welcome donations from individuals and organizations who share our vision of creating a sustainable impact. Your contributions help us expand our scholarship program and support more students in their journey towards becoming impact-investing leaders.
There are several ways to get involved. You can donate to support our scholarship program, become a corporate partner, or explore collaboration opportunities. Reach out to us through our contact form, and we will be happy to discuss potential partnerships.
The Solarization Project is an innovative initiative by the SIMA Impact Foundation aimed at providing clean, reliable, and sustainable electricity to healthcare facilities in underserved areas, starting with a pilot program in Kajiado County, Kenya. By installing solar energy systems, the project seeks to address the critical challenge of unreliable electricity supply in healthcare facilities, enhancing the delivery of essential medical services and improving healthcare outcomes.
Kajiado County was selected as the pilot location for several key reasons. Firstly, it represents a mix of semi-urban and remote rural areas, each with unique energy needs and challenges. Secondly, a significant percentage of healthcare facilities in the county lack access to a reliable electricity supply, affecting the quality of healthcare services. The county's diverse landscape and the pressing need for stable electricity make it an ideal setting for implementing and testing the project's effectiveness and impact.
The Solarization Project benefits healthcare facilities and their communities by ensuring access to a stable and reliable electricity supply. This improvement enables healthcare facilities to operate more efficiently and for longer hours, enhancing the delivery of critical services such as immunization programs and the use of medical and diagnostic equipment. Additionally, the shift to solar energy provides a cost-effective and sustainable power solution, reducing operational costs and enabling healthcare facilities to allocate more resources towards patient care and services. Ultimately, the project aims to improve healthcare outcomes and access for some of the most isolated and underserved communities.
How does SIMA Impact Foundation ensure transparency and accountability?
We are committed to maintaining transparency and accountability in all our operations. We adhere to rigorous financial practices and regularly publish reports to keep our stakeholders informed about our activities and impact.
The duration of the scholarship program may vary depending on the specific educational institution and program. Typically, scholarships cover the full duration of the undergraduate program, but it's important to review the scholarship guidelines for each partnering institution.
In addition to 100% tuition assistance, SIMA Impact Foundation strives to provide practical learning and training opportunities for scholarship recipients. This includes internships at SIMA LLC or through partnerships, which offer valuable professional work experience and exposure to the impact investment industry.
The scholarship program is open to students pursuing business-related fields of study, as the focus is on nurturing future impact investing leaders. However, specific eligibility criteria and fields of study may vary depending on the partnering institutions and their programs.
The scholarship funds are managed by SIMA Impact Foundation and allocated directly to the partnering educational institutions. The funds are used to cover the tuition costs of the selected scholarship recipients.
To stay informed about the latest news, updates, and success stories from SIMA Impact Foundation, you can subscribe to our newsletter on our website. Additionally, you can follow our social media channels for regular updates and inspiring content.
At the moment, the scholarship program primarily works in collaboration with specific educational institutions, and the selection process is handled internally. However, you can encourage deserving candidates to explore scholarship opportunities and keep an eye on future openings.