You are currently viewing The GroFin Expansion Loan

The GroFin Expansion Loan

Lender

GroFin

Eligibility

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.
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.

Your business operates in one of our preferred sectors: Education, Healthcare, Agri-Processing, Manufacturing, or Key Services (Energy / Waste / Water / Recycling).
Your business is making a positive social and economic impact: E.g. Creating Jobs, Sustaining Livelihoods, Empowering Women, Benefiting the Environment.

 

Loan Limit

The minimum loan amount is $100,000 and the maximum loan is $1.5m in your local currency equivalent

Interest Rate

Interest Rate: about 8%p.a to infinity based on market conditions and your risk profile

Max Tenor

The tenor of the loan is between 3 and 8 years

Security Required

We expect entrepreneurs to (partly) secure the loan. Personal guarantees of the entrepreneur(s) are required.

Documents Required

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.

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.

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.

Step 4

Upon your formal acceptance of our offer, we proceed with disbursing funds to your business.

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.

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.

Approval Time

About Four (4) months from the time you submit all the required documentation

Thinking About Repayment Plan?

Calculate the monthly payment and overpayment for the loan
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