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We are pleased to release the 2018 GroFin Impact Report

Posted By Shailen Neewoor, GroFin, Friday, August 16, 2019

"Famous rock musician and philanthropist Bono once remarked that impact investing is an excuse for good people doing bad deals. We would argue that GroFin is about good people doing real deals. GroFin has invested nearly $340 million in 708 small and growing businesses (SGBs) and in doing so helped them to sustain over 28,000 jobs. These deals might not hit the headlines or generate “alpha returns”, but they do deliver real impact alongside positive financial returns,” Guido Boysen, GroFin CEO.

This year we have changed the format of our annual Impact Report by adopting the Integrated Reporting guidelines. This brings GroFin in-line with global best-practice to report on how we create value by leveraging the various forms of capital at our disposal. This framework enables us to look at the business in an integrated way.

The report provides as an overview of the following:

  • GroFin’s business model and strategy
  • Our biggest accomplishments during the past year
  • The financial performance and impact generated by each of our six active Funds
  • The successes of our clients and how they are changing lives in the communities where they operate.

We are forever grateful to our clients, investors, funders, partners, and staff without whom our success and impact would not have been possible.

Visit the report website

Download the report

 Attached Files:

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GroFin, shortlisted for Finance for the Future Awards 2018

Posted By Shailen Neewoor, GroFin, Wednesday, August 29, 2018
Updated: Thursday, August 30, 2018
We are excited and proud to announce that GroFin has been nominated as a finalist for the ICAEW & Prince’s Accounting for Sustainability Project (A4S) - Finance for the Future Awards 2018 - in the 'Building Sustainable Financial Products' category.

GroFin was shortlisted in the Building Sustainable Financial Products, which recognises organisations that create sustainable business products that are financially sustainable.

GroFin entered this prestigious award to share the achievements of the GroFin Model – an integrated solution of finance and business support to small and growing businesses. The application of this model through the Small Growing Business (SGB) Fund has sustained over 37,000 jobs in Africa since its launch in 2014.

Guido Boysen, GroFin CEO, said: “We are thrilled to be a finalist in the Finance for the Future Awards. This achievement is thanks to the support of our investors, partners and staff. The nomination is an endorsement of our efforts to support and grow SMEs across our 11 countries of operations in Africa.”

Tags:  ANTHOS  Calvert Impact Capital  CDC  DFID  DGGF  FINFUND  FMO  International Finance Corporation  Mastercard Foundation  Omidyar Network  Open Society Foundations - Soros Economic Developm  Rockefeller Foundation  Shell Foundation  Skoll  Triple Jump  USAID 

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