Do you wish to know more about GroFin Fund Loan Application Form 2021 for SMEs? Are you an entrepreneur looking for a boost in your business? If yes then this post is for you. The GroFin Fund Loan Application Form 2021 will be properly discussed in this post.
As an entrepreneur looking for financial assistance in your business, you will find this post helpful. All you have to do is to read through this post and follow this guide to see how you can apply for this GroFin Loan 2021.
The GroFin Small and Growing Businesses (SGB) Fund was set up in 2014 to serve as a commercially orientated vehicle to provide development assistance, as well as start-up and early stage growth-capital needed to develop sustainable small and growing businesses.
The Fund exclusively invests in Africa, in some of the most challenging business environments globally. The businesses it funds generally operate in areas with a high rate of poverty, and often employ people living in poverty or provide vital products and services to them.
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Countries GroFin Operates
- South Africa
- Ivory Coast
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 that 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 organizations, and private funders who have committed nearly $535 million in capital to our funds.
How GroFin Works
APPLY FOR GROFIN FUNDS: Our investment team reviews your submitted online assessment form against our investment criteria and informs you if we are able to proceed with your application.
GET A BUSINESS CHECK-UP: If you qualify, your Investment Manager contacts you and helps complete your application by conducting an assessment of your business, highlighting key risks and opportunities to make your business investment-ready.
LOAN APPROVAL: Your 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.
DISBURSING OF FUNDS: Upon your formal acceptance of our offer, we proceed with disbursing funds to your business.
ON-GOING BUSINESS SUPPORT: We 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.
GROW YOUR BUSINESS: On payment of your final installment, our formal involvement with your business ends. The 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.
Requirements for GroFin Fund 2021
The full requirements of GroFin Fund loan highly depends on the type of loan you are applying for.
- You require medium-term loan capital for your business: between US$100k and US$1.5M 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.
- Your business operates 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, Sustaining Livelihoods, Empowering Women, Benefiting the Environment.
How to Apply for GroFin Loan 2021
To apply for the GroFin Fund Loan Application Form 2021, first thing you have to do is to log in to the application portal at www.grofin.com. At the website, you will be able to select the type of loan you would want to apply for.
Once you have successfully completed your online registration, wait for the next stage of the selection process.
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