GroFin aims to overcome Africa's SME funding challenge
Following the launch of GroFin’s US$100 million fund to support SMEs in Africa, CNBC Africa interviewed their Chief Investment Officer Guido Boysen
to learn about their approach to helping entrepreneurs grow their business and creating new jobs.
For small and medium sized enterprises (SMEs) in Africa, funding has always been a huge challenge. A lack of access to collateral, track-record or extensive business experience means that entrepreneurs often struggle to access funding to grow their business. Yet, if supported, the SME sector could be a major driver from economic growth and job creation.
Co-founded by Shell Foundation in 2004, pioneering SME development financier GroFin
provides integrated business support, growth finance and market linkages to SMEs – and to date has supported more than 8000 businesses.