Grofin is pioneering development by supporting and funding small and growing businesses in Africa (SGBS) across Africa. Grofin grants and funding for small businesses (SGBs) 2023 in Africa in collaboration with VC4A to help emerging businesses.
VC4A strengthens the global startup community by connecting innovative entrepreneurs, and small, and growing businesses with the growth with the knowledge, network, and funding they need to succeed. The SBG Fund is a first-of-its-kind, unlimited life fund that helps the growth of small and growing businesses in Africa.
Also Read: Apply now for MEST Africa Challenge 2023
Objectives for the Grofin grants and funding for small businesses (SGBs)
As part of Grofin grants and funding of small and growing businesses in Africa, which will sustain 32,000 employees, The fund will provide finance in the form of medium-term loans over a period of 10 years. Grofin has about 80-100 Investments per year, at an average size of $100,000 to $1.5 million dollars in your local currency.
The focus of Grofin grants and funding for small businesses (SGBs)
Grofin’s focus is on Small and Growing Businesses (SGBs) that are gravely underserved by other financiers by delivering a different solution for patent risk, end-to-end businesses, supporting startups, growing businesses, and SMEs.
Eligibility and Requirements for the Grofin grants and funding for small businesses (SGBs)
- Participants should operate in the following countries, Nigeria, Ghana, Zambia, Egypt, Kenya, Rwanda, Tanzania, Uganda, and South Africa.
- Participant’s business should be up for profit.
- Participant’s business should have a turnover of less than $15 million with assets of less than $6 million.
- Participants will acquire financing from $100,000 and $1.5 million
- The business should be owner-operated and/or the owner should involved in running the business
What You Stand to Gain from the Grofin grants and funding for small businesses (SGBs)
- The selected participants will receive $100 Million in the form of medium-term loans
- The selected participants will have access to their network of 2000+ investors
- The selected participants will get exclusive access to their investment readiness support
- The selected participants will receive news and updates on their latest funding opportunities
- The selected participants will have access to their broad range of mentors and global experts.
Application Process
All applicants should apply for the Grofin grants and funding for small businesses (SGBs) webpage.
For more information, visit the official webpage of Grofin grants and funding for small businesses (SGBs)
