GroFin report shows continued impact for 2018

GroFin’s Impact Report 2019 demonstrates the impact investment fund managers’ continued success supporting SGBs (Small and Growing Businesses) serving low-income communities in Africa and the Middle East.

Shell Foundation partnered with GroFin in 2004 to co-create an innovative integrated solution business model that catalysed SGBs, who represent a significant source of employment and economic growth and are vital to achieving the UN Sustainable Development Goals.

2018 highlights include a $50m partnership agreement with Mastercard Foundation, a new office in Senegal – growing GroFin’s footprint to 16 countries –  as well as two prestigious industry award wins.

They continue to deliver significant impact through their investment and business support model:

  • 90,900 direct and indirect jobs sustained
  • $585m economic value added annually
  • 9,000 entrepreneurs supported
  • 454,000 livelihoods positively impacted
  • 5 million low-income customers served annually

Download the full report [9.24MB]