Grofin To Finance Zambian SMEs

grofin-zambia-pep-sme-private-enterprise

Grofin Zambia, the local arm of a development financier focused on Small and Medium Enterprises (SMEs) has signed a memorandum of understanding (MoU) with the Private Enterprise Programme-Zambia (PEPZ) to provide funding to small-scale entrepreneurs to help them grow their businesses and tap into the local supply chain.

PEP-Z is a 5-year project launched in December 2014 and funded by the UK’s DFID that aims to build and strengthen the capacity of Zambian MSMEs to create jobs and diversify the economy.

GroFin was formally established in 2004. It manages 7 funds on behalf of 24 international investors, development funders, banks, corporates and foundations with committed capital in excess of USD 320 million.

Grofin Zambia was officially launched in September 2014.