Grofin East Africa Fund LLC.
BIO has invested USD 3 M in equity in the Grofin East Africa Fund LLC., an SME fund focused on East Africa.
Amount
€ 2,211,000.00
Type of investment
Equity
Development impacts
- Local economic growth
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
The Fund invests an average of US$300,000 in small enterprises with good growth potential. The Fund mainly provides loans to SMEs ranging from € 100,000 to € 1 M. The fund concentrates on providing risk finance for start-ups, early stages, expansions or rationalisations in small businesses.
Exit
In February, 2015, GEAF was liquidated, with the remaining assets transferred to a liquidating trust. This trust was dissolved in 2020.
Development impacts
-
Local economic growth
Access to long-term financing for SMEs
Investments in Small and Medium EnterprisesKnow-how and technology transfer to investees
GroFin and the Fund will provide not only finance but also regular technical support to SMEs in order to create and encourage the adequate managerial, operational and financial structure and maximize therefore the value of the Fund’s investments.
View more of our investments in this region
Investment Companies & Funds
African Rivers Fund IV
10,000,000.00
Angola, Democratic Republic of Congo, Uganda, Zambia
05/12/2024
Equity
