The SANAD Fund for MSME
The SANAD Fund for MSME funds micro, small, and medium enterprises (MSMEs) in the Middle East and North Africa (MENA) region. The SANAD Fund is shaped by three imperatives: maintain and create employment opportunities, especially for the youths (primarily by supporting small and medium enterprises); reduce poverty (by facilitating self-employment, primarily through microfinance); and build inclusive financial systems (by cooperating with banks, microfinance institutions and other institutions to facilitate access to financial services).
- Fund Structure
Specialized Investment Fund, SICAV-SIF, under Luxembourg law involving different share classes
- Committed Capital
USD 188.2 million
- Portfolio Outstanding
USD 167.6 million
KfW Development Bank
- Target Region
Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, the Palestinian Territory, Tunisia, and Yemen
Micro, small and medium enterprises (MSMEs)
- Target Financial Institutions
Microfinance institutions, commercial banks, leasing and factoring companies, financial service providers, and other financial intermediaries
- Financial Instruments
Medium- and long-term senior loans, guarantees, standby facilities, and equity participations
Status: 30 September 2016
Finance in Motion has been mandated as an advisor to provide the following services:
- Investment Advisory
- Risk Management
- General Fund Advisory
- Technical Assistance Management
The SANAD Fund was initiated in August 2011 by KfW Development Bank, along with funding from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Commission.
For further information about the SANAD Fund for MSME, please visit www.sanad.lu.