Are you looking for steps on how you can apply for GroFin Fund 2022 Loan or GroFin Fund Registration 2022/2023 Form? Are you an established entrepreneur looking to grow your existing business? if yes then You’ll see the easiest means of completing GroFin Fund Registration Form now.
The GroFin Small and Growing Businesses (SGB) Fund was set up in 2014 to serve as a commercially orientated vehicle to provide development assistance, as well as start-up and early stage growth-capital needed to develop sustainable small and growing businesses.
The Fund exclusively invests in Africa, in some of the most challenging business environments globally. The businesses it funds generally operate in areas with a high rate of poverty, and often employ people living in poverty or provide vital products and services to them.
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GroFin Geographical Exposure:
Kenya, Rwanda, Tanzania, Uganda, South Africa, Zambia, Ghana, Nigeria, Senegal, Ivory Coast and Egypt
The GroFin Funds 2022 application form is Free. No one will ever ask you to pay a dime. So you have nothing to worry about.
If you’re a Nigerian, then this empowerment program registration form is all you need.
Today, we’ll show you everything you need to know about GroFin Fund 2022, and how to apply online.
Please before you continue reading this guide, kindly note that below information.
Requirements for GroFin Fund 2022 Registration
The full requirements of GroFin Fund loan highly depends on the kind of Loan you want.
Another wonderful thing you don’t have to forget is your waec, NECO or NABTEB certification, you’ll must prove that you have an Olevel certificate.
HOW GROFIN WORKS?
APPLY FOR GROFIN FUNDS
Step 1
Our investment team reviews your submitted online assessment form against our investment criteria and informs you if we are able to proceed with your application.
GET A BUSINESS CHECK-UP
Step 2
If you qualify, your Investment Manager contacts you and helps complete your application by conducting an assessment of your business, highlighting key risks and opportunities to make your business investment-ready.
LOAN APPROVAL
Step 3
Your application is submitted to a committee for review. Upon approval, your application will result in an offer that will be documented in a formal letter to you.
DISBURSING OF FUNDS
Step 4
Upon your formal acceptance of our offer, we proceed with disbursing funds to your business.
ON-GOING BUSINESS SUPPORT
Step 5
We provide you with continuous value-adding business support focusing on your business’s needs. Our support is designed to enhance the success of your business while helping you implement your business plan.
GROW YOUR BUSINESS
Step 6
On payment of your final installment, our formal involvement with your business ends. The final settlement is a good time to review your business plans and discuss any further finance and support needed in keeping with your future growth requirements.
CAN GROFIN FINANCE YOUR BUSINESS?
- Countries Supported
Your business operates in countries where we have an office: Kenya, Uganda, Tanzania, Rwanda, Ghana, Nigeria, Ivory Coast, Senegal, South Africa, Zambia, Egypt, Iraq, Oman or Jordan.
- Loan Amount
You require medium-term loan capital for your business: between US$100k and US$1.5M for a loan duration of 3-8 years.
- Business Operations
You have an established business: operating for 2-3 years and has an annual turnover of 1.5 times the loan amount. We do consider startups on a case-by-case basis.
- Business Sectors
Your business operates in one of our preferred sectors: Education, Healthcare, Agri-Processing, Manufacturing, or Key Services (Energy / Waste / Water / Recycling).
- Collateral Requirements
We expect entrepreneurs to (partly) secure the loan. Personal guarantees of the entrepreneur(s) are required.
- Economic Impact
Your business is making a positive social and economic impact: E.g. Creating Jobs, Sustaining Livelihoods, Empowering Women, Benefiting the Environment.
GroFin Fund 2022 Loan Application Process
If you have interest on this, then the best way to register is through the GROFIN FUNDS 2022 Loan official portal registration portal or website.
Once you have successfully completed your online registration, then make sure you keep all your application documents safe.
In case you want regular updates so you won’t miss GroFin finance this year, kindly comment below now.
You’re to kindly note that GroFin Fund 2022 Loan Registration is currently available.
We will kindly update you immediately the application form is out.
For Latest news updates about GroFin registration 2022 Form, kindly comment now.
