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TunisiaSANAD Fund for MSME Report 2021
The SANAD Fund for MSME has released its Impact Report for 2021 ‘Digitalizing the future of Entrepreneurship’, which showcases the increasingly important role digitalization is playing in supporting the growth and prosperity of micro, small and medium enterprises (MSME) within the Middle East and North Africa (MENA) and sub-Saharan Africa regions.
In its eleventh year, the fund disbursed a record USD 112 million loans to financial institutions serving the MSME sector, giving entrepreneurs access to sufficient liquidity to continue operations, sustain jobs and livelihoods despite the ongoing Covid-related disruptions. The investments were complemented by the fund’s Technical Assistance Facility (TAF) initiatives, which totaled USD 2.3 million across 38 projects and focused strongly on digitalization.
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