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GroFin Blog Nomou-MENA Partners Resources Careers Customer Charter Contact Us   About GroFin Who we are Why we exist Where we operate Our ultimate objective The GroFin model Our sectors of focus Our investors and funders Our people Get in touch with us Entrepreneurs GroFin: More than finance Why choose GroFin Who we finance Where we operate How we finance GroFin client success Still have questions? Investors Invest in the SME sector UN Sustainable Development Goals Our sectors of focus Environmental, Social & Governance Investors & Funders GroFin client success Speak with our investment team Business Support GroFin STEP How we work with SMEs How GroFin STEP contributes to success GroFin STEP Guides GroFin STEP programme success Speak with our STEP team Apply for Finance  LEARN MORE Applying for GroFin Finance & Business Support To apply online, follow our step-by-step process to see if you qualify for GroFin Finance & Business Support. Begin your entrepreneurial journey Ready to apply? We are happy to know that you have reached our applications page and are ready to begin your entrepreneurial journey with GroFin. There are (6 Steps) to completing a GroFin application and we urge you follow each step and to thoroughly read all the materials contained in each step. Our pricing is open and clear and we will discuss it with you thoroughly during the application process. We work it out on a case-by-case basis taking into account the unique characteristics and risk profile of your business and its owners. We also include our added-value business support. We are usually able to provide an idea of the pricing range within two to three weeks, depending on how quickly you can give us the relevant documents. However, our formal offer letter will set out details of the pricing. STEP 1 INVESTMENT CRITERIA STEP 2 FAQs STEP 3 EXCLUSION LIST STEP 4 PRE-ASSESSMENT QUESTIONNAIRE STEP 5 CHECKLIST STEP 6 APPLY STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 INVESTMENT CRITERIA We invest in small and growing businesses that have the ability to scale up and be sustainable as well as create positive impact in the communities in which they operate. We consider applications for funding from businesses which fulfil our investment criteria as below: Geography: We finance and support businesses that operate in countries where GroFin has an operational office namely in South Africa, Zambia, Ghana, Nigeria, Ivory Coast, Senegal, Uganda, Kenya, Tanzania, Rwanda, Egypt, Oman, Iraq, and Jordan, to enable us to offer regular value-adding business support. Applications from businesses that operate in other countries cannot be considered. Sectors of focus: The business operates in one of the investment focus sectors of Education, Healthcare, Agri-processing, Manufacturing, Energy, Water/Sanitation and labour-intensive businesses. Other sectors can be considered on a case-by-case basis. Business Profile: We typically invest in businesses with these maturity profiles: Early stage (1-3 years) Start-ups are considered when they are backed by an entrepreneur with significant experience, track record and material financial commitment to the venture. Early maturity (3-6 years) Mature (>6 years) ​GroFin considers businesses in all sectors with exception of those activities that have significant potential negative social and environmental impacts. We also do not invest in financial intermediation businesses or non profits such as NGOs, and community groups. Primary agriculture is only considered if it takes place in a controlled environment and at scale.​ Investment Size: We invest between US$ 100K – US$ 1.5 M in the business, preferably as self-liquidating debt. Duration of finance: Typically, 3-8 years. Loan repayment term must be aligned with the purpose of the loan. Entrepreneur Profile: The entrepreneur should have significant own investment in the business, have the ability to manage a business – from operations, sales, financial management, administration, and leadership. They must be willing to work with us as a value adding financier and share management information regularly. They must have growth ambition and demonstrate integrity as well as professionalism in their dealings. Collateral requirements: Though GroFin has no minimum requirement, we do expect entrepreneurs to (partly) secure the loan if collateral is available. Quality and value of collateral does play an important part in the overall risk assessment. Personal guarantees of the entrepreneur(s) is required. Social Impact: The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.​​ Business support: GroFin delivers business support to clients prior to the investment and during the tenor of the loan – focusing on improving business viability, sustainability and growth through identifying material business risks/opportunities across a range of generic areas as identified during the screening/due diligence stage. For this reason, entrepreneurs need to be receptive to receiving advice and implementing recommendations, normally around improving formalisation of their business.​​ About GroFinEntrepreneursInvestorsBusiness SupportApply for Finance Copyright © GroFin.com 2018 | Legal Notices ABOUT GROFIN ENTREPRENEURS INVESTORS BUSINESS SUPPORT APPLY FOR FINANCE  Search   GroFin Blog Nomou-MENA Partners Resources Careers Customer Charter Contact Us▼    Search