CGAP global survey to reveal effects of COVID-19 crisis on microfinance institutions

•  Microfinance providers worldwide urged to participate
•  Ongoing collection of important data to hone crisis response 

Luxembourg, July 3, 2020 – The SANAD Fund for MSME (SANAD) 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.

According to the CGAP 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.”

Take the survey: www.atlasdata.org/pulse
Find out more: www.cgap.org/pulse

About SANAD 

The SANAD Fund for MSME 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 strives to meet these goals by providing debt and equity financing to its local partners. The SANAD Technical Assistance Facility multiplies the fund’s development impact and outreach through capacity-building with partner institutions, developing financial infrastructures according to the principles of responsible finance and conducting much required R&D. 

An impact investment fund advised by Finance in Motion, SANAD’s investors include the KfW Development Bank, which initiated the fund; the German Federal Ministry for Economic Cooperation and Development (BMZ); the European Union; Switzerland’s State Secretariat for Economic Affairs (SECO); OeEB, the Development Bank of Austria; Germany’s GLS Bank and GLS Treuhand; the Dutch development bank FMO; and Calvert Impact Capital. 

For more information on the SANAD Fund for MSME, please visit: www.sanad.lu  
For more information on Finance in Motion, please visit: www.finance-in-motion.com  

Media contact – SANAD
Nikki Eggers
Senior Officer, Marketing & Communications
Phone: +49 (0)69 / 271 035-470 
Email: press@sanad.lu