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