Sanad Fund for MSME
The Sanad Fund is an investment vehicle, that provides debt and equity financing as well as technical assistance 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.
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 Finance in Motion and supported by KfW and BMZ.
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.
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.
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.
|Budget||Laufende Phase Schweizer Beitrag CHF 8’640’000 Bereits ausgegebenes Schweizer Budget CHF 0 Budget inklusive Projektpartner CHF 114’000’000|
|Projektphasen||Phase 1 31.12.2013 - 31.12.2029 (Laufende Phase)|