Investments & Impact
Raised capital & grants towards funds
Economic value added p.a.
(Figures as at 31 December 2019)
In 2012, GroFin, a specialist impact-driven financier for SMEs, and a UK-based charity, founded the Nomou programme through a restricted donation of US$50M. The objectives of the programme are to create sustainable employment, economic growth, and positive social impact through the nurturing and expansion of a sustainable small and medium-sized business sector in the Middle East and North Africa (MENA). This cooperation between GroFin and the UK-based charity is built on a 10-year strategic partnership which has resulted in a proven unique, portable, and scalable solution for the development of sustainable SMEs.
The Nomou programme is further funded by institutional investors and development organisations such as UKAID, as well as local and international Development Finance Institutions including KfW, Dutch Good Growth Fund (DGGF), Norfund, Anthos Capital and AHL Charitable Foundation. GroFin is the co-promoter and implementing partner who manages the funds and provides business support to Nomou’s SME clients.
Nomou, meaning growth in Arabic, provides access to medium-term growth finance and value-adding Business Support to committed entrepreneurs in the region. Through these services, Nomou is increasing the capacity of the grossly underserved SGB sector, thus developing supply chains and helping to create much needed employment.