Aspire Small Business Fund
About GroFin: GroFin is a pioneering development financier specializing in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East. GroFin combines patient capital and specialized business support to grow emergingmarket enterprises.
Aspire Small Business Fund: Incorporated in July 2013 to serve growth-oriented small enterprises in the Niger Delta region.
Fund Size: US$ 10 million
Focus: Create sustainable employment, economic growth and social development through the provision of business development assistance, risk finance ($20,000 to $100,000) and market linkages to viable, growth-oriented small enterprises.
Locations: Niger Delta region
Objectives: Aspire funds aim:
- To invest in 200 businesses in the Niger Delta, while delivering invaluable business counsel to many more
- To create over 2,400 sustainable jobs by 2018
- To improve an estimated 14,000 livelihoods
Duration: 10 years
Application process: Please start your application with Pre-Qualification Assessment on GroFin portal.