Grofin Business Loan Application SME loans to support your growing business – GroFin believes in a growing SME sector that creates sustainable jobs, so If you are an entrepreneur in need of a loan to boost the growth of your business, then GroFin SME Loans is an opportunity for you to get that loan as we walk you through how to apply in this article.
GroFin is a specialist, impact-driven SME financier. We help entrepreneurs succeed by providing them with business loans and business support (expert advice and continuous guidance) to grow their businesses. We believe that a growing SME sector that creates sustainable jobs is the most powerful driver of social and economic development that truly improves people’s lives.
READ – Livelihood Improvement Family Enterprise Programme Application
Headquartered in Mauritius, we offer financing and support to SMEs in 14 countries in Africa and the Middle East. GroFin is supported by 34 international finance institutions, development organizations, and private funders who have committed nearly $540 million in capital to our funds.
The major reason for the existence of Grofin is to help SME business owners succeed in their business. On that note, Grofin ensures they provide enough money to cater to your business needs. Once they review your application and approve it, they make it available to you for about $100,000–1 Million.
READ – eHealth Africa Internship Program – Apply Now
This depends on the amount you wish to borrow. However, in general, their loan interest rate rises up to about 15% of the amount you borrowed.
The minimum requirements for taking a loan with Grofin are not farfetched. However, before you can qualify for a loan with them, you have to meet up their eligibility criteria.
Below are the eligibility criteria for obtaining a loan with them.
READ – FirstgGem MSME Loan Fund Scheme Application Registration Portal for Business
Grofin funds release is lightning-fast. However, this is only possible if you satisfy all the necessary requirements after they have reviewed your application.
As we have earlier stated, getting a loan from Grofin might be a little strenuous for you. However, if you persevere and go through the process, it would be worth it.
To get a loan from Grofin, kindly follow the following procedures:
After this, they will require you to go through 4 stages. Which includes:
However, if you scale through these four stages successfully, your loan will be disbursed into the account number you supplied.
Kindly subscribe to the site using your Email address for more updates for FREE
Ascentech Services Limited is a full-fledged Human Resource Solution Provider incorporated in 2013 with its…
CIIBEX Group Limited is a holding name for an indigenous conglomerate which comprises of eight…
The International Committee of the Red Cross (ICRC) is an impartial, neutral and independent organization…
NNPC Ltd/ TotalEnergies International Masters Degree Scholarship - 2024-2025. TotalEnergies is a global multi-energy company…
Seven-Up Bottling Company Limited is one of the largest manufacturing companies in Nigeria, producing and…
Jumia is Africa's leading internet group, with already over 3,000 employees in more than 20…