GroFin Business Loans and Support

SME loans to support your growing business

Business loans

Your SME or growing business operates in a country where GroFin has an office:
South Africa, Nigeria, Ghana, Ivory Coast, Senegal, Uganda, Tanzania, Kenya, Rwanda, Zambia, Egypt, Iraq, Jordan or Oman.

Your business is in one of our preferred sectors: Education, Healthcare, Agri-Processing, Manufacturing, or Key Services (Energy/ Waste / Water / Recycling)

Your business is making a positive social and economic impact: e.g. creating jobs, empowering women, benefiting the environment, etc.

Loan Criteria

You require medium-term loan capital between US$100,000 and US$1.5m (equivalent in local currency) for a loan duration of 3-8 years.

You have an established business: operating for 2-3 years and has an annual turnover of 1.5 times the loan amount. We do consider startups on a case-by-case basis.

We expect entrepreneurs to (partly) secure the loan if collateral is available. Personal guarantees of the entrepreneur(s) are required.

How to apply

Click on ‘I’m Interested’ to complete an online assessment. A GroFin representative will contact you should you qualify.

I’m Interested

Why choose GroFin

GroFin SME investments
761

SME
Investments

GroFin entrepreneurs supported
10040

Entrepreneurs
Supported

Business loans approved
US$ 360m

Business Loans
Approved

(Figures as at 31 December 2020)

About GroFin

GroFin is a specialist, impact-driven SME financier. We help entrepreneurs succeed by providing them with business loans and business support (expert advice and continuous guidance) to grow their businesses. We believe that a growing SME sector which creates sustainable jobs is the most powerful driver of social and economic development that truly improves people’s lives.

Headquartered in Mauritius, we offer financing and support to SMEs in 14 countries in Africa and the Middle East. GroFin is supported by 34 international finance institutions, development organisations, and private funders who have committed nearly $540 million in capital to our funds.

What GroFin entrepreneurs say

“Today, with GroFin’s help, I am supporting not only my own family, but also so many others – from the farmers who supply potatoes to us, to those who work with us at GAEA.”

Irene Wanjiru Mwangi (GAEA Foods Ltd.) - GroFin Kenya Client

“GroFin became our partner when banks refused our loan applications. We were short of experience, but we found all the support we needed in GroFin. They were there to help us with everything from planning to marketing and sales.”

Sobhi Al Zubi (Arabella Extrusion Co.) - GroFin Jordan Client

“GroFin believed in our project as much as we did. They helped us to make a diagnosis on the organisational level as well as on the financial level of our business and supported us on the formalisation of our business.”

Prof. Abdoulaye Diouf (L’École Dentaire Internationale) - GroFin Senegal Client

“No other financier understood and satised our needs like GroFin which funded the project during its start-up phase and provided invaluable business support to grow our business.”

Successful GroFin Clients

École Dentaire Internationale
Senegal

École Dentaire Internationale (EDI), is a dental school found in Senegal Dakar. The founder & owner of this private healthcare sector business explains how GroFin has helped him to grow his business.

Mia Bella Nails Studio
Northern Iraq

COVID-19 forced Mia Bella Beauty Lounge to stay closed for 75 days. Watch how GroFin assisted Mia Bella through the Northern Iraq Investments (NII) COVID-19 SME Support Programme.

Transforming SMEs, Touching Lives
Jordan

A showcase of successful GroFin clients in Jordan. From healthcare to manufacturing sectors, listen to what GroFin Jordan clients are saying about their journey and experience with GroFin.

Iganga School for Nursing
Uganda

Many Ugandan SMEs face an uncertain future without #COVID-19 support. See how GroFin is helping Iganga School of Nursing to sustain its business through the pandemic.

Fountain Gate Academy
Tanzania

Fountain Gate Academy’s main objective is to develop the talents of children. Watch how it’s entrepreneur is touching the lives of many children in his community through education and talent development.

La Dolce Vita Restaurant
Northern Iraq

After the fall of ISIS, Shadi chose to return from Europe to establish La Dolce Vita. But with the start of COVID-19, she faced her biggest business challenge yet. See how GroFin supported this determined female business owner to keep her dreams alive.