GroFin is a pioneering development financier specialising in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. We combine patient capital and specialised business support to grow emerging market enterprises. By generating employment, strengthening value ... read morechains and building markets, our investments bring about inclusive growth and improved living conditions in low and middle income countries.
We were formally set up in 2004 but grew out of the RAPS group of companies that have been investing in SMEs since 1999. From the outset we focused on providing finance to help small and growing businesses to develop, but also provide integrated business support to underserved entrepreneurs who find it difficult to get the support they need.
Our approach is to achieve verifiable socioeconomic impact based on real outcomes, such as creating jobs, providing support and finance and using our in-depth knowledge of the challenges faced by these types of businesses. By applying disciplined commercial principles, we have proven that our approach provides a sustainable solution as we have helped sustain over 18,000 jobs within the 14 countries in Africa and the Middle East in which we operate.
We believe in a 'support beyond finance’ approach where we use our wealth of business knowledge and strategic finance to help our clients achieve their visions.
We make strategic investments and form partnerships that encourage growth and improve living conditions in low- and middle-income countries.
We manage ten funds and programs on behalf of more than 30 international development finance institutions, development organisations, foundations, large companies and private funders with committed funding of more than US$500 million. We have 15 offices in 14 countries across Africa and the Middle East, employing more than 140 employees.