In 2012, GroFin, a pioneering development finance organisation, for small and medium-sized enterprises (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. GroFin’s 14-year experience has resulted in a proven unique, portable, and scalable solution for the development of sustainable SMEs.
Nomou, meaning growth in Arabic, provides access to medium-term risk capital and value-adding business support—an integrated solution to the under-served entrepreneurs of SMEs in Oman, Jordan, Iraq, and Egypt. The Nomou programme through GroFin’s management delivers best in class services for dedicated entrepreneurs of start-up or existing SMEs. Through these services, Nomou is increasing the capacity of the grossly under-served SME sector, thus developing supply chains and helping to create much needed employment.