Apply for GROFIN’S Small and Growing Business Fund

GroFin in partnership with Shell Foundation, KfW, Dutch Good Growth Fund, Norfund is receiving application for its Small and Growing Business Fund (SGB), with a size of US $100+ Million. This is the first of its kind, uncapped and unlimited-life fund to support growth of small and growing businesses in Africa.

The fund will focus on SGBs that are grossly underserved by other funds or financiers. It delivers a unique integrated solution for patient risk capital and end-to-end business support to start-up and growing businesses at the SME base. The fund typically provides finance in forms of medium term loans.
Application process: Please start your application with Pre-Qualification Assessment on GroFin portal.
GroFin is a pioneering development financier specializing in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. GroFin combines patient capital and specialized business support to grow emerging market enterprises.

SGB Fund: First of its kind, uncapped and unlimited-life fund to support growth of small and growing businesses in Africa. Officially launched by GroFin on September 23rd, 2015.

Fund Size: US $100+ Million
Focus: Focus on Small and Growing Businesses (SGBs) that are grossly underserved by other funds or financiers. Delivers a unique integrated solution for patient risk capital and end-to-end business support to start-up and growing businesses at the SME base.
Locations: Nigeria, Ghana, Zambia, Egypt, South Africa, Kenya, Tanzania, Rwanda, Uganda
Investors: Shell Foundation, KfW, Dutch Good Growth Fund, Norfund, GroFin.
Application process: Please start your application with Pre-Qualification Assessment on GroFin portal.
Objectives:
  • 80 – 100 investments per year at an average deal size of USD $100,000- USD $1.5 million in local currency. The fund typically provides finance in forms of medium term loans.
  • Over 10 years the growing SGB portfolio will sustain 32,000 employees as part of its impact.
  • A specialist fund manager with a proven track record and local capacity in 9 countries in Africa.

Duration: Unlimited

Eligibility criteria:
  • Your business operates in one of the following countries: Nigeria, Ghana, Zambia, Egypt, South Africa, Kenya, Tanzania, Rwanda, Uganda
  • Your business is for profit
  • Your business has a turnover of less than US$ 15 million and assets less than US$ 6 million
  • You require financing between US$ 100,000 and US$ 1.5 million
  • The business is owner-operated and/or the owner is substantially involved in running the business

Application process: Please start your application with Pre-Qualification Assessment on GroFin portal.

Share this PostFacebooktwittergoogle_pluspinterestlinkedinmail
Connect with UsFacebooktwittergoogle_pluspinterestlinkedin

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Send in Your Business News to BusinessTrumpet News!