About
We are SANAD
We finance MSMEs and low-income households, fostering economic development and job creation.
With every investment, we aim to decrease the financing gap for underserved segments of the market, with a particular focus on addressing the barriers to finance for young and female entrepreneurs, and people in rural communities.
We achieve this by partnering with eligible financial institutions and non-financial institutions to provide debt and equity funding to a diverse array of businesses.

Our governance
A robust and transparent governance framework supports the fund’s mission to deliver impact with accountability
Shareholders
The fund’s shareholder base consists of public investors and development banks who contribute to the first-loss and second-loss tranche. These include its initiator, KfW, and the European Commission, alongside the German Federal Ministry for Economic Cooperation and Development (BMZ).
Board of Directors
The Board of Directors oversees the fund's investment activities and defines its strategic positioning and overall approach. It also oversees the fund's service providers, particularly the advisor.
Fund Advisor
Finance in Motion provides advice on strategies and liaises with investors and investees.
Investment Committee
The Investment Committee (IC) is the decision-making body entrusted with investment decisions on behalf of the Board of Directors. In addition, the IC's role includes monitoring the investments outstanding and the operating environment. Each Sub-Fund of SANAD has its own independent Investment Committee.
Advisory & Capacity Building Committee
The Advisory & Capacity Building Committee is an independent oversight and decision-making body, which oversees all Advisory & Capacity Building activities. It consists of up to four members representing the donors, who are endorsed by the Board of Directors.

Meet the team
Together we open doors for investors and drive impact across our markets.
Our Partners
We are the preferred partner of many public and institutional investors.
Initiated by

Advised by

Current Investors










Advisory & Capacity Building donors


As the fund's advisor, Finance in Motion, is an established and successful impact asset manager. Founded in Germany, with local expertise from Latin America to Eastern Europe, Finance in Motion has been investing in emerging markets for over 20 years.
Information for investors
Sorry, in respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of the Fund (or its sub-fund(s)) can be offered or made.