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

Sanad logo

Project duration

2011-2026

Budget

€30 million

Social media

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

Print pdf