Investing in financial inclusion in the Middle East and North Africa
>280,000 indirect jobs supported by MSMEs receiving finance through partner institutions
Private debt and private equity
Assets under management
USD 469.4 mn
Equity Sub-Fund I
USD 35.2 mn
Equity Sub-Fund II
USD 34.2 mn
KfW Development Bank, with Finance in Motion as fund advisor and risk capital from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission
Middle East, North and sub-Saharan Africa
Article 9 fund
The SANAD Fund for MSME (SANAD) provides private debt and private equity financing to eligible partner institutions in the Middle East, North and sub-Saharan Africa to support growth and employment creation in the region’s micro, small, and medium enterprise (MSME) sector. In addition, SANAD’s Equity Sub-Funds also actively support the formation of greenfield ventures for addressing underserved segments and geographic areas. Its unique financing offer is complemented by a Technical Assistance Facility that delivers tailored non-financial support to embed and amplify the fund’s impact.
Funding is provided by private and public investors and can be channeled into either the debt or equity sub-funds, depending on investor’s preferences and risk profiles. Both financial vehicles aim to increase employment and income generation through broader access to finance. Financing is extended to qualified and eligible financial institutions which then on-lend to MSMEs. SANAD’s two equity sub-funds acquire minority stakes in impact-driven financial intermediaries in the region.
SANAD improves financial access to the “missing middle”
Contributing to economic growth and job creation by financing micro, small and medium enterprises
SANAD aims to foster economic development and employment creation in the Middle East and North Africa (MENA), especially among youth, by financing micro, small, and medium enterprises (MSMEs) and low-income households via qualified local lenders.
By improving financial access to the underbanked “missing middle”, the fund aims to lay the foundation for systemic, long-lasting economic growth and job creation in these regions.
The financing efforts contribute to the following Sustainable Development Goals (SDGs): No Poverty (SDG 1), Zero Hunger (SDG 2), Decent Work and Economic Growth (SDG 8), Industry, Innovation and Infrastructure (SDG 9), Reduced Inequalities (SDG 10), and Partnership for the Goals (SDG 17).
Badeaa Sahi has been an entrepreneur since the very start of her career at age 19. That was when she began her own business making traditional sweets, originally with the aim of earning a better income for her family. But as Sahi met with increasing success and demand for her products grew, she realized that she had a knack for business.
Subloans facilitated to MSMEs and households (1)
Average amount of subloans (1)
Share of subloans disbursed to rural and semi-urban end-borrowers
Indirect jobs supported by MSMEs receiving financing through partner institutions (1,2)
Direct jobs contributed to within SANAD ESF I partner institutions (1)
Partners served by SANAD with individual capacity building (1)
People trained (1)
Volume of subloans enabled for SANAD’s target group (1)
USD 946 mn
Subloans contributed to by building up SANAD ESF partner institutions (1)
SANAD partner institutions (1)
Share of outstanding portfolio in local currencies
Share of outstanding subloans in local currencies
Women-owned enterprises reached through MSME finance (1,2)
Share of female participants in capacity building projects (1)
Committed capital debt sub-fund
USD 469 mn
Committed capital equity sub-fund I & II
USD 69 mn
Volume of technical assistance projects (1)
USD 22 mn
(1) Cumulative figure since inception.
(2) Figures are modeled by Finance in Motion based on primary reporting and third-party data.
How the fund invests
How to invest
Donors and investors
Invest with us
It would be a great pleasure to meet you. Let’s talk about your future plans.