SANAD Fund for MSME

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Description of the Project : 

Micro, small and medium enterprises (MSMEs) account for 60% of GDP and 70% of employment in the Middle East and North Africa – they are crucial to a vibrant economy. Limited access to financial resources, however, keeps MSMEs from fulfilling their role as an engine of economic growth, employment and prosperity.
 

Innpact contribution :

Design and implementation of the fund and currently acting under a management support mandate

  • Name : SANAD Fund for MSME
  • Inception : 2011
  • Initiators : KfW Development Bank
  • Advisor: Finance in Motion GmbH, Frankfurt/Main
  • Sector : Microfinance
  • Geographic Focus : Middle East, North Africa
  • Target Financial Intermediaries : Microfinance institutions, commercial banks, leasing and factoring companies, financial service providers, other financial institutions
  • End‐Beneficiaries : Micro, small and medium enterprises
  • Financial Instruments : Medium and long-term senior loans, guarantees, term deposits, stand-by facilities, mezzanine and equity financing
  • Non‐Financial Services : SANAD Technical Assistance Facility
  • Type : Debt Fund, Equity Fund
  • Outstanding portfolio : USD 55.6 million (debt sub-fund)
  • Info : www.sanad.lu

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