GroFin East Africa Fund

Submitted by Rob Katz on August 19, 2005 - 09:51.
Published in: |
For-profit equity funds supporting SME development seem to be in the news lately. The GroFin East Africa Fund provides $22M in SME financing, supported by business mentoring programs. From the GroFin web site:

"As in other developing regions, many East African SMEs are unable to enter the market largely because of a lack of business skills, absence of collateral and high level of perceived risk by financial institutions. The GroFin East Africa SME finance facility was established to service these needs by offering financial and business support services to SMEs within the target regions countries of Uganda, Kenya and Tanzania."

I'm curious to see which SME's GroFin selects to receive funds, and what the return on investment will be 1, 2, or 5 years out. Stay tuned.

(Timbuktu Chronicles has more, as well)
Rob Katz's blog | | printer friendly version | 2804 reads
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WONDERFUL IDEA !!!
Submitted by Joshua C Opiyo on May 29, 2006 - 10:12.

 

Thank you for giving a Kenyan Company a chance of doing business!!!!


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This is a great idea. I am
Submitted by Joshua Ateka on August 28, 2006 - 04:32.
This is a great idea. I am happy to know about Grofin. I have a keen intest in SMEs aa an aspiring entrepreneur. Ateka
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great working
Submitted by Daniel on September 3, 2006 - 08:32.
This is great work and I encourage more investors to come in to kenya to set up funds targeted to SME. They are the only saviour of our people not donations or loans from Bretton wood institutions. The state of unemployment and poverty will only be driven by such initiatives. Regards Daniel
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Poverty
Submitted by Erick O N on August 22, 2007 - 12:43.
Poverty is an homegrown enterprise, its more to do with the state of mind than it is with resources, give a poor man 1 million today, do you think he will be a better man a year down the line. I bet he will be dead, why, 1 million will be overwhelming and due to seismic activities, will lead to his early grave. We need a homegrown solution to our problems in Africa. Training and reorientation of focus. So what we need more than anything else, is a trained state of mind.....
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GroFin
Submitted by Stephen Kiarie on February 22, 2008 - 10:56.
Hello, i have been having my business idea since 2003, however i have been unable to start it because of various constrains among them , lack of an appropriate financier for this idea I am going to try GroFin, and see its actualisation. I have read about them and they look ideal
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