GroFin Fund
GroFin, a development financier, committed over $500 million to funding of MSMEs in Nigeria.
The firm has five different types of fund: Aspire Nigeria Fund, Growth Africa Fund, Small Growing Business Fund, Aspire Small Business Fund and Aspire Growth Fund.
The Aspire Nigeria Fund, Growth Africa Fund and Small Growing Business Fund cater for all parts of Nigeria except Niger Delta region.
The Niger Delta is catered for by the Aspire Small Business Fund and the Aspire Growth Fund. Aspire Small Business Fund provides between $10,000 and $100,000 to small business owners in the oil-rich region, while Aspire Growth Fund frees between $100,000 and $3 million to businesses to stimulate growth in the area.
[…] Finding this capital is becoming harder for a significant proportion of small businesses despite the wider variety of financing options available. […]
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