The Annual Impact Report translates our faith in the power of the collective. While others are wondering if small businesses are capable of innovations, community transformations and livelihood sustainance at scale, we ask ourselves questions like:
“If not us, who? If not today, when? If not with our finance and support, how will these small businesses grow and succeed?”
We are proud to state that as at end 2017, GroFin has financed 675 small and growing businesses, supported 8,840 entrepreneurs, sustained a total of 86,190 jobs and touched the lives of 430,955 family members in the local communities across our 15 locations of operation in Africa and the Middle East.
GroFin has made more investments in its priority sectors of education, healthcare, agribusiness, manufacturing and key services. We invested US$ 60M in nearly 88 new small and growing businesses, with over 50% of the SMEs operating directly in our sectors of focus, sustaining 14,000 total jobs and supporting an additional 72,000 livelihoods in 2017 alone.
We have also reinforced our value proposition of providing support beyond finance through the newly introduced GroFin STEP (Success through Effective Partnerships) Programme.
For this year’s Annual Impact Report, it is important to highlight the Quality Assurance exercise carried out by PwC on selected Impact Indicators and which awarded GroFin a clean assurance opinion as at 31st December 2017. This is a first for GroFin and places the company among leading impact investment firms globally, giving us all reasons to strive even harder for excellence.
We invite you to read the full Annual Impact Report to gain a deeper understanding of how GroFin, through its unique investment model in SGBs, is positively transforming small and growing businesses and the local communities they support. The inspiring success stories of our entrepreneurs within this report help to exemplify the collaborative efforts of GroFin staff, investors, partners and clients, and inspire us to aim for even more significant impact in 2018 and beyond.