The Sanad Fund is an investment vehicle, that provides debt and equity financing to banks and microfinance institutions. The ultimate beneficiaries are micro, small and medium-sized enterprises. The Middle East and North African region is the main target region of the Sanad Fund.
Private sector and entrepreneurship
- KfW banking group
|Background||Despite the political and economic volatility in the region, micro finance institutions have proven relatively resilient. They continue to play a key role in providing capital to MSMEs to spur economic growth and job creation. There remains, however, a significant access to finance gap: close to 65 percent of all MSMEs in the region do not have access to financial resources- a number which would be much higher when taking into account the informal MSME sector. The Fund is manged by Frankfurt-based Finnace in Motion and supported by KfW and BMZ.|
|Objectives||The Sanad Fund aims at stimulating inclusive and sustainable growth and economic development through the provision of financing to micro, small and medium-sized enterprises.|
|Medium-term outcomes||Maintain and create employment, in particular for the youth.Reduce poverty by facilitating self-employment.Build inclusive financial systems by cooperating with banks, microfinance institutions and other institutions to facilitate access to financial services.|
Expected results: Number of countries in which the Sanad Fund is invested.Number of partner institutions invested in.Number of final borrowers/sub-loans by size class.Average outstanding sub-loan amount.
|Directorate/federal office responsible||
|Budget||Current phase Swiss budget CHF 8'475'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 240'000'000|
|Project phases||Phase 20 01.01.2014 - 31.03.2028 (Current phase)|