GroFin is a pioneering development
financier specializing in financing and supporting small and growing businesses
(SGBs) across Africa and the Middle East. They have 14 offices in 13 countries
across Africa and the Middle East, employing more than 130 employees. The fund
aims to catalyse sustainable job creation through supporting small and growing
businesses in Uganda, Kenya, Tanzania, Rwanda, Ghana, Nigeria, Zambia, South
Africa and Egypt as well support over 9,800 underserved entrepreneurs and help
create 47,000 sustainable jobs across Africa over the next 10 years. A business
wanting to start or expand can access between US$100,000 to US$1.5 million
which can be repaid in 2 to 6 years.
‘Entrepreneurs are the driving force
behind economic growth and innovation. Small and Medium-sized Enterprises
(SMEs) are essential for economic growth, innovation and prosperity of any
nation. SME growth is an important engine for poverty reduction in developing
countries’
GroFin has disbursed in excess of USD
128.3 million, supported over 8000 entrepreneurs and business owners with
pre-and-post finance business support and invest in over 120 SMEs annually in
virtually all sectors including Agri-processing, Manufacturing, Business
service, Transport, Education, Wholesale and Retail.
Grofin will support entrepreneurs or
business owners that are committed to, and involved in, all aspects of their
business and have the relevant skills, knowledge, experience and/or track
record to run their business. They support businesses that are locally owned
and managed with a proven (or projected) ability to generate ‘free’ cash flow
i.e. enough cash flow to service all debt obligations while generating wealth
for the owners. They also look for business where our business support will add
value to, and benefit, the business.
Check their office location in your
country HERE