TDB Commits USD 1 Million to Agribusiness SME’s in East Africa in Partnership with Grassroots Business Fund & African Guarantee Fund

As part of its mandate to strengthen the entrepreneurial fabric of the region, the Eastern and Southern African Trade and Development Bank – TDB SME Programme is signing an initial 4-year senior/ mezzanine debt facility of USD 1 million to be managed by Grassroots Business Fund (GBF), to finance agribusiness SMEs in Kenya, Tanzania and Uganda. The facility will focus on women or youth-led missing middle SMEs operating in the agricultural sector with solid managerial foundations and high potential for social impact.

“We are all excited about this transaction with TDB and AGF, which serves to connect local businesses with domestic and international capital, markets, and business development assistance. In so doing, it highlights business-linked models that can lift large numbers out of poverty, while also building support for a peaceful, equitable and market-based system” says Harold Rosen, GBF Chief Executive Officer.



GBF Selected for the ImpactAssets 50

IA 50 2015_badges_plain

The ImpactAssets 50 is the only free, public, searchable database of outstanding impact investing fund managers. The showcase includes a range of funds spanning diverse issue areas and investment, with demonstrated and compelling social and environmental impact.

November 9, 2015


BBC: Ikea measures up the Indian market, including products from Industree 


Industree supplies handmade, artisanal home goods to Ikea’s international retail locations, as discussed in this video.

July 13, 2015



Entrepreneur Magazine: How a Grassroots Fund Profits From Looking Beyond the Money

Entrepreneur Magazine

GBF’s CEO Harold Rosen explains how, with dedication and hand-holding, investment in underdeveloped enterprises can yield reliable profits and big social impact.

February 3, 2015

Los Angeles Times: ‘How I Made It’ NOVICA CEO, Roberto Milk

Novica LATimes

Roberto Milk, Co-Founder of NOVICA

Check out the L.A. Time’s feature Roberto Milk, CEO of GBF client NOVICA.

October 5, 2014

Business Rockstars: NOVICAs’ Co-founder & CEO, Roberto Milk

Watch and listen to NOVICA’s CEO talk about his inspiration behind creating the successful artisanal company.

September 26, 2014


GBF’s CEO, Harold Rosen, on-stage at the 2014 CGI Plenary Meeting

GBF at CGI 2014 Plenary Meeting on Reimagining Impact

Watch our CEO present our Commitment to Action at the Clinton Global Initiative (CGI).

September 22, 2014

Rediff Business: Amazing Journey of a 70-year-old Social Entrepreneur


Feature on Servals’ Founder, Mr. Mukandan.

In honor of Mr. Mukandan’s passing on August 31, 2014, read this great feature on Servals’ founder and learn about his journey building Servals into a successful social enterprise.

July 4, 2011


NOVICA Video: GBF & The West African Jewelry Project

NOVICA's Video Featuring GBF

NOVICA’s Video Featuring GBF

Watch to learn more about GBF’s involvement in the West African Jewelry Project and meet artisans who were impacted.

December 13, 2013

Deutsche Bank Corporate Citizenship UK Newsletter: Open Sesame

Feature on GBF investee: LATCO International

Feature on GBF investee: LATCO International

In Open Sesame (on page 2), the article highlights GBF’s investee and sesame producer: LATCO International.

August 15, 2012


NextBillion: ​A Conversation with Allison Basile, Metrics Officer at GBF

Metrics Officer, Allison Basile, internviews workers at the Servals production center in Chennai, India.

Learn about Allison’s role as GBF’s Metrics Officer, overseeing the organization’s metrics, environmental and social management.

June 4, 2012

BiDNetwork: Impact Investing: an interview with Harold Rosen, CEO of GBF

GBF CEO: Harold Rosen, provides insights on impact investing

Read about GBF’s investment process and the challenges of impact investing as explained by our CEO, Harold Rosen.

January 26, 2012 [/ut_one_half_last]


Earlier Stories

GBF at the 2011 Clinton GlobalAt CGI’s closing plenary session, GBF announced its 5-year Commitment to Action. 09/22/2011

Akin Gump Partners With GBF to Expand Mobile Banking in AfricaLearn about Akin Gump’s pro bono counsel to extend mobile banking opportunities to sub-Saharan Africa. 07/12/2011

Beyond Profit Magazine: Face to Face with GBF A feature on GBF & Africa Investment Analyst, Soha Ehsani, which highlights GBF’s unique approach to impact investing, and its role as a GIIRS Pioneer Fund.03/24/2011

Upsides Magazine: Award Winning Approach to Combating Poverty

GBF is pleased to announce a feature in the upsides-logoMarch 2011 issue of Upsides Magazine, prominent upsides-logofinance and sustainable development publication. 02/15/2011

Working for a World Where Economic Opportunity Reaches Everyone About a year ago, the USAID Trade Hub welcomed the Grassroots Business Fund to its office in Accra, Ghana, a win-win partnership for both organizations. 01/05/2011

From Pilot Project to Tripling in Size in Three Years: Grassroots Business Fund Shows What Scale Means Innovation abounds in the social capital market. The number of one-off proof of concept projects is increasing geometrically. 12/28/2011

PBS NewsHour Profiles GBF Portfolio Company Juhudi Kilimo In Kenya, Generating Wealth – One Cow at a Time:  With mainstream banks and microfinance organizations mainly helping business startups in urban Kenya, an organization called Juhudi Kilimo decided to focus on rural small-holder farmers. 12/27/2010

Need of the hour is knowledge and good human resource GBF Executive Director Harold Rosen emphasizes strong management for scaling and strengthening of social businesses in India. 11/12/2010

G-20 Looks to Small and Medium-sized Enterprises for Economic Revival in Developing Countries Economic Revival in Developing Countries: GBF Executive Director Harold Rosen looks to small and Medium-sized enterprises (SMEs) for economic revival in developing countries. 11/01/2010

GBF Wins G-20 SME Finance Challenge In an unprecedented competition, GBF wins G-20 SME Finance Challenge. GBF’s proposal to establish the “East African Rural Enterprise Facility” will help create wealth, and provide jobs for up to 150 SMEs specializing in agribusiness. 10/01/2010

GBF Meets With SAWIP Students This week, GBF met with students from the South Africa-Washington Internship Program (SAWIP) to discuss GBF’s role in helping to create economic opportunity in the developing world. 06/21/2010

GBF Selected as Pioneer Fund for New Rating System The B Corporation selected GBF as one of a select few funds with which to test its new rating system, the Global Impact Investing Rating System (GIIRS). 04/26/2010

GBF partners with UMich for export business study The University of Michigan’s Ross School of Business and GBF are partnering in a 7 week long consulting project (MAP) focused on the challenges faced by small export focused producer groups and GBF’s Client Incubator Facility. 03/01/2010

Q&A with Harold Rosen in the Times of India Read the Q&A with GBF executive director Harold Rosen in the Times of India. 08/14/2008