Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Don’t invest unless you’re prepared to lose all the money you invest. This is a high - risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more

Simusolar Issue 4: Tanzania - 7% Bond

12 months to mature 7% interest

Simusolar Issue 4: Tanzania - 7% Bond



Hour to run

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invested £70 invested

For every £70 invested into this campaign, Simusolar will be able to purchase and supply a solar fishing light system to a Tanzanian fisherman.

households 2,136 systems

Your investment will help Simusolar provide 2,136 solar fishing light systems.

Founded in 2014, Simusolar provides and finances accessible, affordable and energy-efficient systems designed for smallholder farmers and fishermen in Sub-Saharan Africa. The solar systems they provide are designed to meet the needs of rural smallholders and to help enable them to achieve their vision in an affordable and sustainable way.

Since their incorporation, Simusolar have sold 7,844 solar fishing lights with plans to expand to a further 64,000 units over the next 5 years. Environmental impact stats collected by Acumen measured that each lantern averts 1,630kg of greenhouse emissions and black carbon per year. Assuming at least two years of use per lantern, Simusolar has averted approximately 25,000 tons of black carbon and greenhouse gases through the sale of their solar fishing lights.

About Simusolar

  • Founded in Tanzania in April 2014
  • 5 operating offices across Tanzania
  • Employ 61 individuals
  • Generated turnover of $854,000 in 2018
  • Sold 7,844 solar fishing lights since incorporation
  • Successfully recieved grant funding from The DOEN Foundation
  • Key product information

    Issuer: Simusolar Inc.

    Issuing Country: USA

    Investment target: £150,000

    Minimum investment: £50

    Maximum investment: No maximum

    Maturity: 12 months

    Expected interest rate: 7% per annum

    Witholding tax rate: 30% (Applicable even when investing within the IFISA. It is possible for UK tax residents to reduce this withholding tax rate to 0% through completion of a W-8 BEN form. Investors are responsible for informing themselves as to their individual tax status. The W-8 BEN form will be sent to investors by Simusolar once the offer is funded.)

    Interest payment frequency: 6 monthly

    Notional repayment: 6 monthly

    Financial instrument: Unsecured interest bearing bond

    Security: Unsecured

    Key risks

    This is a bond issued by a single company (rather than a savings product) and therefore it is recommended that you are careful with the amount you invest.

    You must read the investment memorandum (provided below) where a full statement of risks is presented.


    See what Simusolar do

    What the project investment will enable

    The funds from this raise will be used for the purchase of 2,136 solar fishing light systems.

    Simusolar's Catch Fishing Lamps are manufactured by Omnivoltaic and are Lighting Global Certified. Each system contains a 13W solar PV, lithium battery, waterproof LED light and charging slot for mobile phones.

    Fishing is the third most important export industry in Tanzania, and its lakes and oceans are a major hub for night fishing, with up to 100,000 fishers many of whom use kerosene lamps. The costs of maintaining these lamps is high with between 35-50% of fisher's take home pay being used to pay for lighting equipment and fuel. Kerosene also contributes high levels of greenhouse gases which can be harmful to both fishermen and the environment. Each solar fishing lamp is specifically designed for night fishing and is able to run for 14 hours straight when fully charged allowing for a constant source of light throughout the night with which to attract fish.


    The money raised from this campaign will go toward supplying 2,136 solar fishing light systems to Tanzanian fishermen. The funding will support the sale of equipment in areas around Lake Victoria in Mwanza, Mara, Muleba, Ukerewe and Kagera.

    Having already successfully sold 7,844 solar fishing lights since their incorporation, Simusolar is aiming to deploy a further 64,000 solar systems of varying size within 5 years to benefit farmers, fishermen and households across Tanzania.

    Social and environmental impact

    Solar fishing light systems have been shown to have a significant impact on fishers' lives and the environment. Solar fishing systems produce fewer pollutants and greenhouse gases compared to other fuel-based systems whilst also reducing costs which would have otherwishe been incurred from purchasing these fuels.

    Social Impact

    Social Impact

    Social impact statistics taken from a business impact report conducted by Acumen was produced to look at how Simusolar's solar products have improved and impacted their customer's lives.


    of fishing light customers said that they saved money and increased their overall income.


    of respondents felt that their quality of life had improved with the addition of their Simusolar product.


    of home system customers mentioned the convenience of having bright and continuous light at home.

    • pdf

      Offer Documents

      Simusolar Inc - Offer Document - Issue 4 (Log In to download)


    Frequently Asked Questions