KIMS Microfinance Venture

Mustafa Abdi Ali, KIMS Chairman, said: “We are delighted to enter into this partnership with Acumen, enabling us to scale our established off-grid solar business to meet unmet demand for clean and cost-effective energy in Somalia. We appreciate Acumen’s Hardest-to-Reach initiative’s efforts to understand our unique local context and its willingness to co-design an innovative financing structure that not only meets our needs but also advances our mission to bring energy to those who need it most. We are seeing firsthand that the solar systems we are financing are enhancing the productivity and well-being of low-income Somali households. Through this partnership, we look forward to positively impacting thousands more lives.”