Sanad Fund
The Sanad Fund is an investment vehicle, that provides debt and equity financing to banks and microfinance institutions. The ultimate beneficiaries are micro, small and medium-sized enterprises. The Middle East and North African region is the main target region of the Sanad Fund.
| Country/region | Topic | Period | Budget |
|---|---|---|---|
|
Egypt Tunisia |
Private sector and entrepreneurship |
01.01.2014
- 31.03.2028 |
CHF 8'725'000
|
- KfW banking group
-
Sector according to the OECD Developement Assistance Commitiee categorisation BANKING AND FINANCIAL SERVICES
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Formal sector financial intermediaries
Project number UR00616
| Background |
Despite the political and economic volatility in the region, micro finance institutions have proven relatively resilient. They continue to play a key role in providing capital to MSMEs to spur economic growth and job creation. There remains, however, a significant access to finance gap: close to 65 percent of all MSMEs in the region do not have access to financial resources- a number which would be much higher when taking into account the informal MSME sector. The Fund is manged by Frankfurt-based Finnace in Motion and supported by KfW and BMZ. |
| Objectives |
The Sanad Fund aims at stimulating inclusive and sustainable growth and economic development through the provision of financing to micro, small and medium-sized enterprises. |
| Medium-term outcomes |
Maintain and create employment, in particular for the youth. Reduce poverty by facilitating self-employment. Build inclusive financial systems by cooperating with banks, microfinance institutions and other institutions to facilitate access to financial services. |
| Results |
Expected results: Number of countries in which the Sanad Fund is invested. Number of partner institutions invested in. Number of final borrowers/sub-loans by size class. Average outstanding sub-loan amount. |
| Directorate/federal office responsible |
SECO |
| Credit area |
Development cooperation |
| Project partners |
Contract partner |
| Budget | Current phase Swiss budget CHF 8'725'000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 120'000'000 |
| Project phases | Phase 1 01.01.2014 - 31.03.2028 (Current phase) |