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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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We are measuring impact BEYOND sustainability. What about you?

Posted By Cecilia Latapí, SVX México, Friday, April 27, 2018
Hello!
 
We want to invite you to join a collaborative effort to define what REGENERATIVE - going beyond sustainability - means in our daily practice and to design the metrics for measuring it. Our aim is to collect as many opinions as possible from regenerative practitioners and others with different perspectives, taking into account as many voices as possible before ReGen18 in early May 2018.
 
In the words of Kevin Jones, co-convenor of ReGen18 and co-founder of SOCAP: "the challenge for regenerative metrics is that we have to find a way for them to add value, instead of being seen as a cost." 
 
The intention of this undertaking is a collaboratively-designed, co-created regenerative tool to provide organizations the capacity to determine the positive and negative impacts of their practices while establishing some common ground on what regeneration means, its sector-specific metrics, and guidance on best practices for generating Regenerative outcomes. 
 
As a first step, we invite you to participate in the following survey: https://goo.gl/forms/Q7tZMLp5fIKRSOIu1 
 
The results of this survey will be made available to all participants and presented during ReGen18 for further discussion and exploration. After the event, we will keep working on the project on a shared platform, aiming to develop our regenerative tool with your participation (the resulting tool will be placed in the public domain under a Creative Commons license).
 
If you are doing something similar, working on ideas that could contribute or are interested in co-creating in this exciting new field of endeavor, we want to hear from you!
 
Thanks for co-creating with us.  We look forward to your contributions.
 
 
- Holly Dublin, Kevin Jones, Cecilia Latapi, Laura Ortiz Montemayor, Shaun Paul @ ReGen18

Tags:  Environment  impact assessment  impact investing  impact investing; gender lens investing; gender; w  Performance Measurement  Private sector development  Risk; Risk Assessment; ANDE Members  study  Survey  sustainability  sustainable development  sustainable energy 

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MEDA’s Gender Equality Mainstreaming Framework garners industry support as the “go-to reference material for those seeking to create gender equitable social change through their investment process”

Posted By Devon Krainer, Mennonite Economic Development Associates, Thursday, April 5, 2018

For many organizations, pursuing business strategies that empower women can seem daunting. Often the most difficult part is to begin. In response to this challenge, MEDA launched the Gender Equality Mainstreaming (GEM) Framework, a practical manual and toolkit for transforming companies to be more gender equitable while supporting business growth and impact. Numerous industry leaders have announced their support for the toolkit. From gender lens investing pioneers like Jackie VanderBrug to private equity funds including Women’s World Banking, SEAF and Sarona Asset Management to government agencies like USAID, the framework is rapidly gaining traction with investors and capacity building organizations.

In the words of Joy Anderson, Founder and President of Criterion Institute:

“MEDA’s GEM Framework provides investors, donors, intermediaries and other stakeholders with an open source toolkit for assessing gender performance of companies, as well as guidance on how to improve gender outcomes within business policies and practices. It builds on the environmental, social and governance (ESG) standard to enable analysis and upgrading across ESG criteria – elevating gender to a cross-cutting theme. Too often gender is represented by a tick box buried in the appendix, this resource brings gender to the front end of analyzing business operations, both the opportunities and the risks…I predict this resource will be the go-to reference material for those seeking to create gender equitable social change through their investment process.”

The toolkit is applicable to a wide range of investors (e.g. foundations, asset managers, private equity funds, government donors) and capacity builders (e.g. accelerators, technical assistance providers, NGOs, business associations), and can be applied throughout the investment life cycle, from investment readiness and due diligence through to value creation and impact monitoring. Companies seeking a quick and simple way to assess their gender performance can complete an online GEM self-assessment in less than an hour. The self-assessment generates a score and tailored recommendations on areas to improve gender equality within each ESG component.

We hope the GEM Framework will be a useful resource for practitioners around the world, and will enable companies to contribute to sustainable and equitable growth for all. We would love to hear from you on how you are applying the framework and welcome opportunities to collaborate in the future.

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Tags:  impact investing; gender lens investing; gender; w 

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