SANAD Fund for MSME
North Africa
Sustainable Development Goals (SDGs) targeted
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
Project Factsheet
- Name: SANAD Fund for MSME
- Inception: 2011
- Domicile: Luxembourg
- 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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