GroFin provides investment finance and business support to growing businesses in Africa and the Middle East. Entrepreneurs and business owners looking to start or grow their businesses face many challenges, including finding a committed partner who can provide finance structured according to the needs of their business as well as value-added business support services and networks that improve their chances of success.
Watch the video to see what one of our clients, Ghanaian entrepreneur, Richard Owusu-Poku, has to say about how GroFin’s finance and support propelled him to the heights of success. Richard currently manages five Shell filling stations in Koforidua, in the Eastern Region of Ghana, three on behalf of Vivo Energy and two that he owns. GroFin financed his first owned fuel station, Linklaters, which continues to exceed its projected revenues and has topped all the other stations since it opened.
*Figures as at December 2019
At GroFin, we put your needs first. We roll up our sleeves and gain a thorough understanding of your business with you. This understanding reflects in repayments that are structured according to your cash flows, as also in the duration of our loan, which can range from 2 years to a maximum of 8 years, to ensure that we can tailor our offering to the precise requirements of your business.
Our decision to partner with you is based on the viability of your business, which we further enhance with our pre-and-post finance business support services. Our business support function addresses critical management skills in areas such as business planning, operations, sales and marketing, HR planning and Environmental, Social & Governance (ESG).
GroFin provides Small and Medium Enterprise (SME) finance / business loans in South Africa, Zambia, Nigeria, Ghana, Ivory Coast, Senegal, Uganda, Tanzania, Kenya, Rwanda, Egypt, Iraq, Jordan and Oman. If you are looking to start or grow your business, you need a committed partner who can provide finance and business support that is structured according to your needs. Turn to GroFin as the partner who can help you achieve your ambitions.
Education, Healthcare, Agribusiness, Manufacturing, or Key Services (Energy/ Waste / Water / Recycling) are the main sectors where we finance and support SMEs. However, we also opportunistically consider businesses from other sectors.
South Africa, Zambia, Nigeria, Ghana, Ivory Coast, Senegal, Uganda, Tanzania, Kenya, Rwanda, Egypt, Iraq, Jordan or Oman
US$100k and US$1.5M
Creating Jobs, Empowering Women, Benefiting the Environment
GroFin has 15 regional offices in 14 different countries in the Sub Saharan Africa and MENA regions. Each local office is staffed with Investment Managers and Investment Executives who provide front line support to entrepreneurs. We help you to evaluate the risks and opportunities of your business and to prepare a business case to apply for finance. We are constantly expanding our geographic footprint and expect to increase our presence to select West African and Middle Eastern countries over the next 5 years.
When you fill in an application for a GroFin loan, we assign an Investment Manager to walk with you each step of the way. Your business will be assessed and you will receive a thorough breakdown of its current health as well as the risks and opportunities. A finance committee of experienced professionals evaluates each loan application.
We review your initial application and business needs against our investment criteria and a decision is made as to whether we are able to proceed with your application.
During this process, your Investment Manager provides you with an as-is assessment of your business, highlighting key risks and opportunities, as a form of pre-finance business support to make your business investment ready.
The complete and verified application is submitted to a committee for review. Upon approval, your application will result in an offer that will be documented in a formal letter to you.
Once you have formally accepted and met all conditions and requirements of our offer letter, we proceed with disbursing funds to your business.
We will provide you with continuous value-adding business support focusing on your business’s needs. Our support is designed to enhance the success of your business while helping you implement your business plan.
On payment of your final instalment according to an agreed financial plan or other agreed settlement, our formal involvement with your business ends. Final settlement is a good time to review your business plans and discuss any further finance and support needed in keeping with your future growth requirements.