Do you know about Grofin? You can raise between $100,000 to $1,500,000 for your business or business idea from them. Meanwhile, if you require assistance with your application or your business plan, contact Kadelex for a free consultation session.
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GroFin is a pioneering small and growing business development financier. Actually, they help entrepreneurs and business owners at the bottom of the SME pyramid to access tailored finance and experienced business support. This will consequently help them to create jobs and encourage social and economic development.
They claim to have 16 years experience and they have 13 offices across Africa and the Middle East. However, in Nigeria their offices are in Lagos and Portharcourt. Their portfolio includes management of the SGB Fund including promoters and investors such as the Shell foundation, KfW, Norfund, and DGGF.
Who can apply?
If your business does not fall within primary agriculture, not-for-profit organizations (NGO’s), informal or micro-enterprise, on-lending (fund-of-fund) activities, self-help groups, co-operatives, proof-of-concept or R&D programs, then you can be eligible to raise between $100,000 – $1,500,000.
They support locally owned and managed businesses across a range of sectors and business stages. These include start-ups, expansions, buying of businesses, management buy-outs and franchises. You are eligible even if you have a limited track record but have the skills, or have little collateral but a strong viable business or business plan.
Recent Nigerians funded recently include: Nigerian banker-turned entrepreneur Mikail Jimoh, founder and Managing Director of Jim Products Limited (JPL), Sixty-two year old Comfort Odunayo Akinmeji and Oladipo Fasesin founder PaulMac Publishers. Therefore, if you apply, there is a possibility you raise finance for your business.
To apply or check for more information, visit their website.
Finally, ensure to download their Grofin application pack and endeavor to study it well. Also check out their This is a great way to be better informed of their requirement and your suitability.