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Thematics

The Microfinance Network of Arab Countries (Sanabel)

est. 2002

OVERVIEW

SANABEL was established in 2002 to serve microfinance institutions in the Arab world. Currently SANABEL has 83 members in 12 Arab countries; namely, Egypt, Iraq, Jordan, Lebanon, Mauritania, Morocco, Palestine, Saudi Arabia, Sudan, Syria, Tunisia and Yemen. By the end of 2007, its members served 2.4 million borrowers with a gross loan portfolio of USD 988 million. The number of borrowers had grown to 2.8 million borrowers at the end 2009, representing 90% of total outreach in its member countries. 

OBJECTIVES

  • Strengthen the capacity of MFIs through needs-based training, technical assistance and peer exchanges
  • Advocate for a positive and conducive microfinance environment and for the inclusion of microfinance in the financial sector
  • Promote microfinance best practices among stakeholders in Arab countries through transparency, standardization, peer learning and information exchange efforts
  • Foster innovation in the microfinance sector by researching and highlighting leading trends in technological developments, product diversification and new financial services