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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:

Tags:  A Access to Finance  Access to Finance  Africa  Agribusiness  Agriculture  ANDE Members  ANTHOS  Base of the Pyramid  Business  Business Models  Calvert Impact Capital  capacity development  CDC  DFID  DGGF  East Africa  education  energy  entrepreneurship  finance  FINFUND  FMO  gender  Global. Development  IFC  impact  impact assessment  impact evaluation  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact management  impact measurement  International Finance Corporation  Investors  Mastercard Foundation  MENA  missing middle  Open Society Foundations - Soros Economic Developm  Philanthropy; impact investing  Scale  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; small and growing businesses impact investin  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  Shell Foundation  Skoll  small and growing agrobusiness  small and growing businesses impact investing  smes  social impact  Soros Economic Development Fund  South Africa  supply chain  sustainability  sustainable development  Tanzania  Triple Jump  Uganda  USAID  West Africa  Women  World Bank Group  Youth 

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Spread the Word: Stanford Seed is Seeking Applicants in Africa & India

Posted By Kendra Gladych, Stanford University, Tuesday, May 7, 2019
Updated: Tuesday, May 7, 2019

Stanford Seed is looking for high-potential CEOs or founders of companies and market-driven social enterprises based in Africa, India and Sri Lanka who are motivated for growth.

The Seed Transformation Program is an unconventional, high-touch learning experience that partners with entrepreneurs in emerging markets to build thriving enterprises that transform lives.

The application deadline is 15 June 2019.

Learn more about the program and access the application here.

Know someone who might be interested? Help us spread the word! Visit this online toolkit for easy ways to share the program with your network.

Tags:  Africa  Agribusiness  Agriculture  ANDE Africa  Business  digital economy  east africa  education  emerging market  emerging markets  energy  entrepreneurship  Fintech  High-Growth Entrepreneurship  India  India; ANDE members  Kenya  leadership  Liberia  professional development  Rwanda  Scale  scaling  smes  social enterprise  Social entrepreneurship  social impact  South Africa  Tanzania  Training  Uganda  West Africa  Women 

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Need help on an impact investing question? Work with Duke MBA students this year

Posted By Carrie Gonnella, The Center for the Advancement of Social Entrepreneurship (CASE) at Duke, Thursday, July 19, 2018
Updated: Thursday, July 19, 2018

The CASE i3 Consulting Practicum (CASE i3CP) offers your organization the opportunity to engage with a team of carefully selected MBA students from Duke University on an impact investing question you are currently addressing.  You benefit from the passion, fresh perspective, independence, and technical expertise our students bring to the CASE i3CP.  Our students benefit from the opportunity to apply their academic learning to an of-the-moment issue in the impact investing space.

How it works:  We select 5 to 7 impact investing-related projects annually and match each client with a select team of Duke University Fuqua School of Business MBA students.  Teams spend on average 400 person-hours researching, analyzing, and making actionable recommendations that they incorporate into client deliverables.  Teams work remotely with you and are directly supervised by Cathy Clark, Duke faculty member and Director of CASE i3.

Previous clients and projects:  We're proud to have a 100% client satisfaction rate over the last 3 years.  Some of our 30+ previous clients include Calvert Impact Capital, World Economic Forum, Investors' Circle, SJF Ventures, Mercy Corps, Big Path Capital, and more.  You can read a Q&A with one of last year's clients, Quantified Ventures, here.  Some of our past projects have related to investment landscaping, impact assessment, product formation, and deal and industry diligence.

Final student deliverables remain confidential to the client, but a few of our clients have already gone public with the work our students did for them.  You can find a blog post by SJF Ventures here and from Investors' Circle's PCC fund here.

We're thrilled with the responses we've received from clients:  

  • “The CASE i3 Team was a dream to work with.  They were curious, diligent, and rigorous in their research and analysis – always ensuring that the work would be helpful and relevant to our organization in the long run.” – Calvert Impact Capital
  •  “We benefited greatly from the CASE i3 team’s diverse skill set and self-directed approach in analyzing opportunities for expansion.”  – Mercy Corps Social Venture Fund

How to apply:  Applications are open until August 31, 2018 to work with our MBA students over the 2018-2019 academic year.  To find more information on the work timeline and the online application, click here.  Email Carrie Gonnella at with any questions.

Tags:  Access to Finance  capacity development  education  finance  impact investing  impact investment  MBA  mentoring 

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GroFin - Transforming SGBs in Africa & the Middle East

Posted By Shailen Neewoor, GroFin, Wednesday, June 13, 2018
Updated: Friday, June 15, 2018

Gain a deeper understanding of how GroFin, through its unique investment model in SGBs, is positively transforming small and growing businesses and the local communities they support. The inspiring success stories of its entrepreneurs exemplify the collaborative efforts of GroFin staff, investors, partners and clients. The 2017 GroFin Impact Report, Nomou Impact Report and Aspire Impact Report translates its faith in the power of the collective by asking the question “If not us, who? If not today, when? If not with our finance and support, how will these small businesses grow and succeed?”

2017 GroFin Impact Report

As at end 2017, GroFin has financed 675 small and growing businesses, supported 8,840 entrepreneurs, sustained a total of 86,190 jobs and touched the lives of 430,955 family members in the local communities across our 15 locations of operation in Africa and the Middle East. The report indicates that GroFin has made more investments in its priority sectors of education, healthcare, agribusiness, manufacturing and key services. Furthermore, GroFin invested US$ 60M in nearly 88 new small and growing businesses, with over 50% of the SMEs operating directly in our sectors of focus, sustaining 14,000 total jobs and supporting an additional 72,000 livelihoods. And to reinforce its value proposition of providing 'support beyond finance' the company introduced the GroFin STEP (Success through Effective Partnerships) Programme to support its SMEs and Entrepreneurs.

2017 Nomou Impact Report

The Nomou Programme is a regional initiative in MENA which was co-created by GroFin and Shell Foundation. As a result of the collaborative efforts of its investors, partners and clients, the Nomou programme is contributing to the alleviation of poverty and improvement of livelihoods in the communities where the programme operates, as well as striving to reduce the adverse impact of the humanitarian crisis in the region.

In 2017, the Nomou Programme supported 1,005 entrepreneurs, made investments into 103 SGBs, sustained a total of 10,287 jobs, touched the lives of 51,435 beneficiaries and added economic value of US$ 149 million per annum through its investee SMEs across Egypt, Jordan, Iraq and Oman.

2017 Aspire Impact Report

Since their inception in 2014, the Aspire Small Business Fund (ASBF) and the Aspire Growth Fund (AGF) have sought to promote local entrepreneurship, employment and economic value-add in the Niger Delta. With the Shell Petroleum Development Company of Nigeria Limited (SPDC) as anchor investor, the Aspire Enterprise Development Funds epitomise GroFin, a private development finance institution, and SPDC’s efforts to serve the local community with a combination of investment funds, business skills and market linkages.

In 2017 GroFin increased its commitment to supporting SMEs in the Niger Delta Region by investing in an additional 17 small and growing businesses and extending further funding of US$ 2.5M (140% increase from total amount invested as at end 2016). As at end of 2017, GroFin has supported 365 businesses, invested in 53 SMEs and sustained a total of 1,975 jobs under the Aspire Funds.

 Attached Files:

Tags:  2017  A Access to Finance  Access to Finance  Africa  Agriculture  ANDE Africa  ANDE Members  Base of the Pyramid  Business  business training  capacity development  DGGF  East Africa  education  finance  impact  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact measurement  innovation  Investors  Kenya  MENA  missing middle  Philanthropy; impact investing  Private sector development  Rwanda  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  small and growing agrobusiness  smes  social impact  South Africa  sustainability  sustainable development  Tanzania  Training  Uganda  West Africa 

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Bridging the Skills Gap - Successful Private Sector-Led Initiatives

Posted By Christiane Rudolph, Deutsche Investitions und Entwicklungsgesellschaft (DEG), Friday, September 30, 2016
Updated: Friday, September 30, 2016

World Bank Group and DEG Session in Washington, October 5 2016


Bridging the Skills Gap - Successful Private Sector-Led Initiatives

The World Bank Jobs Group and DEG, the German Development Finance Institution, invite to a joint session on Bridging the Skills Gap. The cases discussed in the session are part of the study “Bridging the skills gaps in developing countries: A practical guide for private sector companies, published by DEG. The study provides companies with a tool to pursue meaningful developmental and business activities to close skills gaps. The practical relevance of the study is supported by a three-step approach based on theory, practical examples, and field testing.

Date: Wednesday, October 5 2016

Time: 3:00 - 4:30 PM

Location: Washington, DC. World Bank, Room C2-131, MC Building,1818 H St NW, Washington, DC 20433


Background on joint session

More than 200 million people are looking for jobs globally. Simultaneously, companies are facing difficulties filling vacant positions or finding suitably skilled staff. These skills gaps – the difference between the skills needed for a job and the capabilities of the workforce – not only represent a major constraint for businesses, but also for social and economic development.

The joint session will focus on:

-       Demonstrating the economic benefits of addressing the workforce skills gaps via the private sector;

-       Raising awareness of skills related challenges amongst businesses, governments, and non-governmental organizations (NGOs); and

-       Promoting partnerships between governments, the private sector, and NGOs to support private sector-led initiatives that bridge skill gaps

The session will be moderated by Michal J Rutkowski, Senior Director, Social Protection and Labor and Jobs, The World Bank Group, welcome remarks by Ursula Mueller, German Executive Director, The World Bank Group.

Discussants for the panel discussion in the session are:

-       Harry Anthony Patrinos, Manager, Education, The World Bank Group

-       Bruno Wenn, CEO, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) - Germany’s Development Finance Institution (DFI)

-       Md. Abdul Jabbar, CEO, DBL Group, Textile and Apparel Manufacturer, Bangladesh

-       Michael J. Handel, Associate Professor of Sociology, Northeastern University and Research Fellow, United States Bureau of Statistics


Background: DEG Study: Bridging the skills gaps in developing countries

The study “Bridging the skills gaps in developing countries: A practical guide for private sector companies, published by Let’s Work Partner, DEG, evaluates how private entrepreneurs can close the skills gaps via targeted measures implemented within the workforce, suppliers, and local communities. In cooperation with the Boston Consulting Group, the study was produced as a contribution of the Association of European Development Finance Institutions within the global Let’s Work Partnership.

The study provides companies with a tool to pursue meaningful developmental and business activities to close skills gaps. The practical relevance of the study is supported by a three-step approach based on theory, practical examples, and field testing. It includes the following:

  • A user-friendly guide for practitioners consisting of six steps, including a self-analysis tool, offers companies a practical guide to recognize skills gaps and how to successfully bridge them.
  • An outline of proven examples shows companies specific and detailed ways of closing gaps on three levels – staff, suppliers, and local communities.
  • A new practical assessment method for private-sector activities that bridge skills gaps. It offers companies different data situations, which is necessary to quickly and meaningfully assess their assessment.
  • The win-win situation of private-sector activities for bridging skills gaps on three levels – employees, suppliers and local communities – is analyzed and demonstrated using selected case studies for the first time. Local people, staff, suppliers and the company will benefit from this.
  • The approaches developed – guide for practitioners, self-analysis tool, and assessment methods – were tested and optimized by conducting case studies with five customers.


Link to the study:

Contact | Ulrike Dangelmaier,

 Attached Thumbnails:

Tags:  DEG  Development  Education  Private Sector  Skills Gap  Training  World Bank Group 

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Career Accelerator: Social Innovation Management Fellowship - Call for Applications

Posted By Geraldine Hepp, Amani Institute, Monday, December 14, 2015
Updated: Monday, December 14, 2015

Change someone's life - share this opportunity for aspiring changemakers to join a global Fellowship and take their career to the next level! 

We have received some of our best applicants thanks to people like you, and we would love to see the power of our community once again - so we can find the changemakers who are looking to build the professional skills and global networks needed to lead change effectively.

You can learn more about our Post-Graduate Certificate in Social Innovation Management and its changed structure here
Amani Institute Graduates now have an exciting opportunity through our partnership with Lynn University, where our program counts 25% towards a new MBA in Social Innovation Management that can be completed both on campus or online.

The most effective way to share this is via direct 
recommendation and shouldn't take longer than 3 minutes of your time but could mean a life-changing opportunity for someone in your network.

Fellows who have benefitted most from this program have been:

  • Career-switchers
  • Recent Graduates
  • Social change sector professionals 

committed to taking their work to the next level. Selection criteria:

  • A University degree (undergrad or masters)
  • At least two years of practical experience (either working or volunteering)
  • Evidence of commitment to social change through your personal and/or professional life
  • Strong desire to develop yourself further both professionally and personally
  • Interest in gaining a further global perspective to your previous experiences

Find a sample text, an infographic and a video for you to pass on below but also feel free to directly nominate and connect us via Email, allowing for a no-strings attached conversation with someone you nominate as a potential Social Innovation Management Fellow

Feel free to use the below infographic about the different phases of the program and the following sample text for easy sharing:

Dear [Name],

Considering your passion for meaningful work, I highly recommend Amani Institute'scutting-edge 10 month Post-Graduate Certificate in Social Innovation Management: 4 months field immersion in Kenya or Brazil, 10 professional skill-building courses taught by global experts, a customized apprenticeship, 3 inspiring field trips, 20+ like-minded classmates from around the world, and much more. 

In 10 months, expand your professional network, get global experience in how to tackle some of the toughest challenges, and learn how to change the world! Apply now:

Learn more about Amani Institute's partnership with Lynn University if you are interested in an MBA in Social Innovation Management

Application Deadline: January 11th, 2016
Program start: February 1st, 2016

Download File (PDF)

 Attached Thumbnails:

Tags:  Base of the Pyramid  business training  capacity development  career in social changeSocial Entrepreneurship  CSR  diaspora  East Africa  education  emerging markets  fellowship  impact evaluation  innovation  Latin America  social entrepreneurship  social innovation  talent 

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RegCharles Finance and Capital Ltd partners with the Lagos State Education District 3 on Entrepreneurship and Personal Finance Management Education in Lagos Public Schools

Posted By Fortune Odjugo, RegCharles Finance and Capital Ltd, Wednesday, August 7, 2013
Updated: Wednesday, August 7, 2013

Entrepreneurship and personal finance education has become vital in the Nigerian school curriculum today.

This is necessary in order to address the problem of unemployment, youth restiveness, poor finance management abilities, and poverty plaguing Nigeria in recent times.

 RegCharles Finance and Capital Limited believes that the acquisition of skills, knowledge, and attitude, as well as the cultivation of human talent and their creative/imaginative potentials is indeed the fundamental aim of education and here entrepreneurship and personal finance education addresses such issues.

In our quest to promote entrepreneurship and personal finance education among teenagers and youths in Nigeria, RegCharles is proud to introduce her GEN-Y Entrepreneurship Programme in Public Secondary Schools in Lagos State, Nigeria.

The aim of this programme include:

  • To provide entrepreneurship trainings to students in public secondary schools.
  • To identify students with business ideas and provide them with the necessary support and funding to develop their ideas into sustainable businesses.
  • To encourage secondary school students to think more about becoming entrepreneurs rather than seek white-collar jobs.
  • To help students develop the outstanding qualities that make an effective leader.
  • To teach students the basic  principles of financial management, thereby giving them the necessary skills and knowledge to manage their personal and business finances adequately.
  • Fostering teamwork among students, cascading into their future career and entrepreneurship endeavours.

In launch of this programme, RegCharles, supported by the Lagos State Education District 3 announces her presence at the up-coming summer school coaching to introduce her structured entrepreneurship and personal finance management programme to Nigerian students. This is to help them begin to discover and cultivate their entrepreneurial capabilities.

This summer school coaching, taking place at four zonal centers of Eti-Osa, Lagos Island, Epe, and Ibeju Lekki would also witness the presence of many organizations whom we anticipate meeting and working with to better the lives of our youths, and encourage entrepreneurship on a large scale.

RegCharles Finance and Capital Limited (formerly Alex Finance and Trusts Limited) is a non-banking Financial Institution licensed by the Central Bank of Nigeria to provide lnvestment Management, Credit, Financial and Business Advisory services, as well as Debt and Equity solutions for SMEs in various sectors of our economy. At RegCharles Finance and Capital Limited (, we focus on financing and empowering Small and Medium Scale Enterprises in various sectors of the Nigerian economy.

We provide tailored financial solutions and advisory services via our array of products and services. Our target is to:·        

  •  Provide capacity building·         
  • Encourage  entrepreneurship·         
  • Inculcate savings culture·      
  • Reduce and alleviate poverty·         
  • Enhance female entrepreneurship and financial  freedom.

We also have expertise in carrying out:·         

  • Entrepreneurship trainings and Capacity Development programs for SMES signed up to our micro-equity scheme.
  •  Restructuring processes for SMEs·        
  • Venture incubation for newly established/startup businesses·  
  •  Mentorship and Networking programs for entrepreneurs·         
  • Youth and women empowerment programmes.
  • We look forward to playing our role, and also all possible partnerships aimed at drastically reducing the recurring problem of unemployment, youth restiveness, poor finance management, and poverty in Nigeria.

Partnership and sponsorship opportunities are available.

Tags:  education  entrepreneurship  youth 

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Brazilian study points to social business opportunities and challenges in education

Posted By Rebeca Rocha, Aspen Institute, Thursday, June 27, 2013

On Tuesday June 25th, ANDE members Instituto Inspirare and Potencia Ventures launched a study about the key opportunities and challenges in the education sector in Brazil for social businesses entrepreneurs. 

These organizations are seeking inputs and ideas for the next steps that each player can take to leverage social business in this sector in Brazil. 

Read the complete document here (in Portuguese).

Tags:  Brazil  education  Instituto Inspirare  Potencia  Research  social business  study 

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