GroFin SGB Fund (Africa region) (DFC-GROFIN)

Regions
  • Africa
Where the impacts of the investment may be experienced.
Countries
  • Egypt
  • Ghana
  • Ivory Coast
  • Kenya
  • Nigeria
  • Rwanda
  • Senegal
  • South Africa
  • Tanzania
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
GroFin SGB Fund Limited Partnership
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 8.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Feb 27, 2020


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Project Description

The borrower will on-lend to small and growing businesses in 11 African countries as well as provide business support to these entities. This Project is expected to have a highly developmental impact in Africa through the Fund’s issuance of credit to small- and medium-sized enterprises. African firms lack sufficiently available credit to meet their growth potential, particularly the firms that account for most jobs in the region. The Fund’s downstream borrowers will receive three- to eight-year loans that include flexible repayment and technical assistance regarding strategy, risk management, and operational efficiency. The Fund will incorporate a gender lens investment strategy to increase its lending to women owned/managed businesses, and these firms are expected to receive at least 37 percent of loans. The Fund’s focus is largely agribusiness, healthcare, and education, aligning the Project with U.N. Sustainable Development Goals including Zero Hunger (2), Good Health and Well-Being (3), Quality Education (4), Gender Equality (5), and Decent Work and Economic Growth (8).

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure