The EU-funded SANAD Fund for MSME is joining nonprofit organization CGAP in urging microfinance providers to participate in CGAP’s Global Pulse Survey of Microfinance Institutions.
A first of its kind, the short biweekly survey aims to create an in-depth picture of the effects of the COVID-19 crisis on the microfinance sector across countries, regions, and the world. The results will help funds such as SANAD, along with development partners, policymakers, and regulators, to hone their strategies for tackling the crisis. Participating microfinance institutions will also gain access to a private dashboard that helps them gauge their position in the market as measured against their peers across dozens of various metrics.
CGAP is a global partnership of more than 30 leading development organizations that works to advance the lives of poor people through financial inclusion. According to its website, the organization “encourages all types of microfinance providers serving low-income customers to participate in this global effort and thanks the hundreds of MFIs who are already making this effort possible.”
Established in 2011, the SANAD Fund for MSMEs finances micro, small and medium enterprises and low-income households in the Middle East and North Africa via qualified local lenders. SANAD thereby fosters economic development and job creation – including youth employment – agriculture, affordable housing, and innovations in finance and financial technologies. SANAD’s investors include the KfW Development Bank and the European Union.
SANAD Fund – website