GroFin is a pioneering development financier specialising in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. They combine medium term loans and specialised business support to grow emerging market enterprises. By generating employment, strengthening value chains and building markets, their investments bring about inclusive growth and improved living conditions in low and middle-income countries.

They were formally set up in 2004 but grew out of the RAPS group of companies that have been investing in SMEs since 1999. From the outset, they focused on providing finance to help small and growing businesses to develop, but also provide integrated business support to underserved entrepreneurs who find it difficult to get the support they need.

Their approach is to achieve verifiable socioeconomic impact based on real outcomes, such as creating jobs, providing support and finance and using their in-depth knowledge of the challenges faced by these types of businesses. By applying disciplined commercial principles, they have proven that their approach provides a sustainable solution as they have helped sustain over 95,125 jobs within the 15 countries in Africa and the Middle East in which they operate.

They believe in a ‘support beyond finance’ approach where they use their wealth of business knowledge and strategic finance to help their clients achieve their visions.

They make strategic investments and form partnerships that encourage growth and improve living conditions in low- and middle-income countries.

They manage ten funds and programs on behalf of more than 30 international development finance institutions, development organisations, foundations, large companies and private funders with committed funding of more than US$ 500M. They have 16 offices in 15 countries across Africa and the Middle East, employing more than 150 employees.

Vision
They aim to be the leading financial services institution to entrepreneurs of successful small-to medium-sized enterprises – a reputable organisation that everyone wants to be associated with, do business with and refer clients to due to their best-in-sector performance.

Mission
Serving the underserved entrepreneurs in the small and growing business sector with risk capital and business support, helping them to realise their full business potential and deliver quantifiable social and economic development impact.