SANAD FUND FOR MSME

FMO invests USD 15 million in the SANAD Debt Sub-Fund for MSME to support small businesses in the Middle East and North Africa (MENA). "SANAD" means "support" in Arabic. The Debt Sub-Fund seeks to promote stability in a challenging region by expanding financial inclusion for MSMEs that often have difficulties finding access to capital for starting or growing a business. FMO is providing financing to SANAD through an investment of USD 15 million in the senior tranche of the debt sub-fund, money that will be on-lent by local partners to MSMEs. The investment comes from the MASSIF Fund, which FMO manages on behalf of the Dutch Ministry of Foreign Affairs. Supporting SANAD is an important step for MASSIF to further support entrepreneurs and SMEs in this (conflict) affected part of the world.