Globally, the Middle East & North Africa and Sub-Saharan Africa experience the lowest rates of financial inclusion: Only around half of all adults have access to an account, compared to 94% in high-income economies*.
The SANAD Fund for MSME invests in the ability of local financial institutions to provide much-needed funding to underserved target groups. By directing support to micro, small, and medium enterprises via qualified partners who share our goals, SANAD maintains and creates employment, reduces poverty, builds inclusive financial systems, and increases access to financing – including for housing, agriculture, and financial innovation.
*World Bank Group, Global Financial Inclusion (Global Findex) Database 2017
SANAD’s strong framework enables investors to achieve development objectives
The SANAD Fund for MSME is open to public and private donors, international financial institutions, and private investors. As a public-private partnership, SANAD is uniquely positioned to leverage donor funds and mobilize private capital that might otherwise not be attracted to the sector.
Current public investors and international financial instutitions include the German Federal Ministry for Economic Cooperation and Development (BMZ), the European Union, KfW Development Bank, Switzerland's State Secretariat for Economic Affairs (SECO), Oesterreichische Entwicklungsbank (OeEB), and the Dutch Development Bank FMO.
The funding provided by the European Union is part of the EU Initiative for Financial Inclusion: “The EU Initiative for Financial Inclusion is a comprehensive programme to help small and medium-sized businesses in the Southern and Eastern Mediterranean regions to become more competitive and grow. Through finance and know-how, we are boosting development and creating jobs.”
The SANAD Fund for MSME was initiated by KfW Development Bank in 2011 with funding from the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union.
In 2013, KfW joined the fund as an investor.
We strongly believe that supporting employment generation is of utmost importance to the Middle East and North Africa. When you invest with us, we place your capital to our partner institutions in the region, who lend hardworking people financial and technical support to build businesses, fostering employment and prosperity.
Let’s create impact together.
Would you like to learn more about SANAD’s investment opportunities? Please fill out the form and we will get in touch:
SANAD is an impact fund that aims to foster economic development and prosperity in Southeast Europe and the E.U. Eastern Neighborhood Region by supporting micro and small enterprises (MSEs) and improving living conditions for households. At this final target group level, the positive impact goal of the fund is to support employment opportunities (as both self-employed and as an employee), supporting the generation of income and improving livelihoods.
In line with its sustainable investment objective, the fund falls within the scope of Article 9 of the Regulation (EU) 2019/2088 on the Sustainable Finance Disclosure Regulation (SFDR).
For sustainability-related disclosures in line with the requirements of the SFDR and more details on the fund’s approach to impact and sustainability, please refer to: