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

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Egypt
  • Ghana
  • Ivory Coast
  • Kenya
  • Nigeria
  • Rwanda
  • Senegal
  • South Africa
  • Tanzania
  • Zambia
Geographic location 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
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
GroFin SGB Fund Limited Partnership
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Feb 27, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact information provided at the time of disclosure

How it works

How it works