Algeria
Egypt
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
TunisiaSANAD reaches USD 416 million in investments supporting MSMEs
SANAD Fund for MSMEs (SANAD), a leading impact investment fund, advised by Finance in Motion and promoting socio-economic growth and employment creation, marks another year of achievements and sustained impact for 2023. Reaching USD 416 million in debt and equity investments, the results reinforce SANAD’s dedication to help finance micro, small and medium-sized enterprises (MSMEs) in the Middle East and North Africa (MENA) region and select countries in Sub-Saharan Africa (SSA).
Despite persistent challenges within the regions, the fund’s long-term focus to female empowerment, sustainable and inclusive economic development has been unwavering throughout the year, contributing to positive change in the communities it serves.
Since the fund’s inception in 2011, as of 2023, SANAD’s impactful investments contributed to nearly 378,000 jobs supported in MENA and select countries in SSA collectively. The fund has broadened its outreach, with new partners in Jordan and the Republic of Côte d’Ivoire, broadening its financing to the MSMEs in its target markets. With its core focus on micro and small enterprises, 97% of sub-loans were extended to clients in this category.
Countries covered:
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Algeria
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Egypt
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Israel
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Jordan
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Lebanon
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Libya
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Morocco
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Palestine *
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Syria *
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Tunisia
