SANAD loans USD 5 million in local currency to Jordan Trade Facilities Company to boost small business finance 


Partners aim to safeguard MSMEs from exchange rate risk and provide much-needed liquidity in light of COVID-19 crisis

Luxembourg and Amman, February 11, 2021 – The SANAD Fund for MSME (SANAD) has provided a senior loan of USD 5 million equivalent in Jordanian dinar to the Jordan Trade Facilities Company (JoTF) for on-lending to local micro, small, and medium enterprises (MSME). The investment aims to support the partners’ efforts to expand financial inclusion to this important segment of the Jordanian economy while simultaneously protecting MSMEs from exchange rate risk – an additional safeguard in an economic environment already made challenging by the COVID-19 outbreak.

JoTF is a specialized provider of business financing tailored to the needs of MSMEs. This focus has made it a strategic partner for SANAD since 2018 in the fund’s mission to promote economic growth and stability by channeling responsible finance to the region’s entrepreneurs. Although the segment forms a key pillar of income generation and job creation in the country, MSMEs have also been especially impacted by the dampening effects of the coronavirus outbreak. The new funding aims to provide much-needed liquidity to support these businesses in recovering from the crisis; moreover, by offering the loans in local currency, SANAD and JoTF will ensure that borrowers’ cash flows are not additionally hampered by potentially destabilizing exchange rate fluctuations.

SANAD Board Chairperson Dr. Daniela Beckmann said, “We are delighted to renew our partnership with the Jordan Trade Facilities Company, an institution that is committed to providing hard-working entrepreneurs with the resources they need to grow and thrive. This is especially important as local businesses grapple with the ramifications of the COVID-19 crisis: Together, SANAD and the JoTF aim to channel funding where it is needed to help MSMEs in Jordan bridge these challenging times and build a solid foundation for their future.”

Jordan Trade Facilities Company Board Chairperson Mr. Jamal Fariz said, “The renewal of the partnership is evidence of its success. The synergy built between the two establishments is focused on enabling MSMEs’ business sustainability and growth, especially during the challenging times of COVID-19. Our partnership with SANAD extends beyond the funding, as we are able to tap into the vast experience that SANAD as a renowned name in the Middle East and North Africa has gained throughout the years and in diversified markets.”

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:  
For more information on Finance in Motion, please visit:  

About Jordan Trade Facilities Company

For more information, please visit:

Media contact – SANAD

Nikki Eggers
Senior Officer, Marketing & Communications
Phone: +49 (0)69 271 035-470 

Media contact – Jordan Trade Facilities Company

Hiba Darwazeh
Phone: 0797171251