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In the news

As the leader in Growth Finance, GroFin has a track record of success and continues to make headlines as the value-added financier and expert advisor to small and medium enterprises (SMEs). Browse through video clips featuring our clients and read articles and press releases that have appeared in the media.
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Africa Reports Video Clips 

Client success story

Nana Hostel (Uganda)

 

 

While supervising the construction of a hostel, Tom Kaaya noticed there was a gap in the market for university accommodation. He envisioned a hostel that would not only provide accommodation to students of the nearby Makerere University, but also provide a shopping arcade, restaurant and recreational amenities for the benefit of the surrounding community.

   
 

GroFin recognised his potential as a seasoned entrepreneur with a business capable of making a profit year after year and provided him with enough finance to build a six storey hostel.

   
 

A team of GroFin experts provided Tom with guidance on his business plan and on identifying a capable management team.

   
 

With the help of GroFin to get the project off the ground, the hostel has been successfully built, with all rooms occupied. The team has grown from one entrepreneur with a vision to 50 permanent employees. After transforming Nana Hostel into a successful enterprise, the partnership continues. Tom has again approached GroFin for finance towards his transport business that he now wishes to establish.

 


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