SANAD – the MENA Fund for Micro, Small and Medium Enterprises

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Project duration

2011-2026

Budget

€30 million

Project Website

Sanad Fincluders Startup Challenge Amman 2017
Sanad Fincluders Startup Challenge Amman 2017

Brief Description

SANAD aims to offer market based financial instruments in particular to micro-finance institutions in the MENA region encouraging them to improve access to finance to Micro, Small and Medium Enterprises (MSMEs) in order to support growth and employment creation.

Countries covered: Algeria, Egypt, Jordan, Lebanon, Morocco, Palestine and Tunisia.

Objectives

- Maintain and create employment, especially for the youth; primarily through support to small and medium enterprises.

- Reduce poverty by facilitating self-employment, primarily through microfinance.

- Build inclusive financial systems by cooperating with banks, microfinance institutions and other institutions to facilitate access to financial services.

Actions in brief

- Improve access to finance for local MSME in the region;

- Reduce shortage of medium- and long term financing and local currency lending;

- Strengthen financial intermediaries and encourage them to MSME lending;

- Foster responsible finance principles in the region;

- Further develop local financial markets on sustainable and market based principles.

Implementing partner: KfW

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