Call for applications: GroFin Grants and Funding for Small and Growing Businesses in Africa

GroFin 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.
Application Deadline in 9 months
Eligible Countries | Regions | Cities  EgyptGhanaKenyaNigeriaRwandaSouth AfricaTanzaniaUgandaZambia
GroFin 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.
 
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.
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, 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 Deadline: no deadline
 
Application process
 
Please start your application with Pre-Qualification Assessment on GroFin portal.
 
Source: GroFin

A Bidco Africa employee checks cooking oil samples as part of quality control at the manufacturing plant outside Nairobi, Kenya. (credits: Bidco Africa Ltd / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))

Illustration Photo: A Bidco Africa employee checks cooking oil samples as part of quality control at the manufacturing plant outside Nairobi, Kenya. (credits: Bidco Africa Ltd / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))

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If your organization published a call for proposals, call for projects or call for applications for Startups, Entrepreneurs or Researchers, we will be happy to publish your call free of charge on our website. We will also share your call on the social media (Facebook, Twitter, LinkedIn, PInterest, Tumblr, Instagram). Please drop your pdf files and/or your url link on our WhatsApp +85577778919 or email to us at info@adalidda.com

Thank You
Adalidda's Team

Comments

frankquillin
frankquillin
5 months ago

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. geometry dash free