APPLICATION DEADLINE: DECEMBER 1ST, 2021.
About GroFin: 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, Senegal, Ivory Coast, Egypt, South Africa, Kenya, Tanzania, Rwanda, Uganda
Investors: Shell Foundation, KfW, Dutch Good Growth Fund, Norfund, GroFin.
Objectives:
80 – 100 investments per year at an average deal size of USD $100,000- USD $1.5 million in local currency. The fund typically provides finance in forms of medium term loans.
Over 10 years the growing SGB portfolio will sustain 32,000 employees as part of its impact.
A specialist fund manager with a proven track record and local capacity in 10 countries in Africa.
Duration: Unlimited
Eligibility criteria: Please read carefully through the eligibility criteria before starting the application process.
Your business operates in one of the following countries: Nigeria, Ghana, Senegal, Ivory Coast, Egypt, South Africa, Kenya, Tanzania, Rwanda, Uganda
Your business is for profit
Your business has a turnover of less than US$ 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