GroFin, the multinational pioneer of growth finance working to create real impact through the support of small and medium businesses, has announced a growth in funds under management from $260 million to $323 million. These funds are invested in supporting entrepreneurs and business people to start or grow a business. The company also announced that it will be launching three new offices in 2012 in Zambia, Jordan and a regional office serving the UAE.
Since launching in 2004, GroFin has established a reputation of being a leading provider of finance and business support to entrepreneurs and business owners in Africa and the Middle East.
Guido Boysen – CEO GroFin Africa adds “We are thrilled to announce an increase in the funds we have available, as well as our entry into three new markets rich with potential. We have a strong foundation in place, a proven and scalable model and a firm commitment to make a lasting impact in the growth of the SME sector.”
GroFin’s choice to invest in entrepreneurs and businesses that are locally owned and managed in the markets in which it operates, is rooted in the vision that these businesses hold the potential to create sustainable economic and social impact. However while this sector of the market is theoretically best able to empower and mobilise societies, the majority of these businesses fail to survive past their early years of operation.
Mohamed Toki – CEO GroFin MENA explains “Many so-called SMEs find themselves in the ‘missing middle’ where they do not have the collateral required for traditional secured lending and are too small for private equity but too large for micro-finance. Entrepreneurs and businesses in this sector are underserviced with few capable partners offering the combination of risk finance, experienced business support, and market linkages required to succeed. Recognising both the challenge and the opportunity GroFin was formed to successfully service this sector”.
GroFin’s unique viability based model is recognised as a pioneering model globally in the provision of risk based finance. The success of the GroFin business model has been recognised by the UN Development Programme, who in 2010 recognised GroFin for its contribution to developing local businesses, and in so doing promoting the Millennium Development Goals. The business also won the Africa Investor Awards consecutively for two years. The GroFin model is furthermore widely used as a benchmark and role model for growth finance to SMEs.
About GroFin
GroFin is an award winning multi-national fund manager and growth financier focused on sustainable investment in the small and medium enterprises (SMEs) sector. Operating in the growth finance market our vision is to see committed entrepreneurs and local business people who have viable businesses or ideas able to access the funding and support they require to succeed and in doing so drive economic and social empowerment in their societies.
Established in 2004, GroFin is able to leverage significant management experience, expertise and operational capacity developed across our 14 offices in 13 countries into fully integrated and customised local market solutions. With an investment portfolio of 300 transactions and a proven track record of managing approximately US$300 million across seven funds we are a pioneering and global leader in our sector.
For more information contact PR and Communications Officer: Amy Heydenrych
Phone: +27 12 998 8200.
GroFin website: www.grofin.com
Twitter: http://twitter.com/grofin
Since launching in 2004, GroFin has established a reputation of being a leading provider of finance and business support to entrepreneurs and business owners in Africa and the Middle East.
Guido Boysen – CEO GroFin Africa adds “We are thrilled to announce an increase in the funds we have available, as well as our entry into three new markets rich with potential. We have a strong foundation in place, a proven and scalable model and a firm commitment to make a lasting impact in the growth of the SME sector.”
GroFin’s choice to invest in entrepreneurs and businesses that are locally owned and managed in the markets in which it operates, is rooted in the vision that these businesses hold the potential to create sustainable economic and social impact. However while this sector of the market is theoretically best able to empower and mobilise societies, the majority of these businesses fail to survive past their early years of operation.
Mohamed Toki – CEO GroFin MENA explains “Many so-called SMEs find themselves in the ‘missing middle’ where they do not have the collateral required for traditional secured lending and are too small for private equity but too large for micro-finance. Entrepreneurs and businesses in this sector are underserviced with few capable partners offering the combination of risk finance, experienced business support, and market linkages required to succeed. Recognising both the challenge and the opportunity GroFin was formed to successfully service this sector”.
GroFin’s unique viability based model is recognised as a pioneering model globally in the provision of risk based finance. The success of the GroFin business model has been recognised by the UN Development Programme, who in 2010 recognised GroFin for its contribution to developing local businesses, and in so doing promoting the Millennium Development Goals. The business also won the Africa Investor Awards consecutively for two years. The GroFin model is furthermore widely used as a benchmark and role model for growth finance to SMEs.
About GroFin
GroFin is an award winning multi-national fund manager and growth financier focused on sustainable investment in the small and medium enterprises (SMEs) sector. Operating in the growth finance market our vision is to see committed entrepreneurs and local business people who have viable businesses or ideas able to access the funding and support they require to succeed and in doing so drive economic and social empowerment in their societies.
Established in 2004, GroFin is able to leverage significant management experience, expertise and operational capacity developed across our 14 offices in 13 countries into fully integrated and customised local market solutions. With an investment portfolio of 300 transactions and a proven track record of managing approximately US$300 million across seven funds we are a pioneering and global leader in our sector.
For more information contact PR and Communications Officer: Amy Heydenrych
Phone: +27 12 998 8200.
GroFin website: www.grofin.com
Twitter: http://twitter.com/grofin
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