MICROCAPITAL BRIEF: Sanabel Receives “Microfinance Network of the Year Award” From The Small Enterprise Education and Promotion (SEEP) Network

Sanabel, a network of microfinance institutions (MFIs) in Arab countries, was given the “Network of the Year Award” by the Small Enterprise Education and Promotion (SEEP) Network, an organization connecting microfinance practitioners around the world, at its recent annual conference in Arlington, Virginia, USA

Each year, SEEP recognizes one of its network members for its work in one of the following areas of “network effectiveness”: governance, operations, human resources, financial viability, external relations and service delivery. Sanabel was chosen out of 57 network members for its work in human resources. The “Network of the Year Award” was launched in 2006 [1].

By John Howard-Smith, Research Associate

About Sanabel: Sanabel is a network of microfinance institutions (MFIs) in Arab countries established in 2002 by 17 founding members from seven countries. Its headquarters are located in Cairo, Egypt. Currently Sanabel has 64 members from 12 Arab countries. Sanabel member institutions serve 2.4 million clients, a number that reportedly represents 83 percent of the total microfinance clients in the region. In 2004, Sanabel was incorporated and registered as a nonprofit organization in both Atlanta, Georgia, and in Cairo.

About Small Enterprise Education and Promotion (SEEP): The Small Enterprise Education and Promotion (SEEP) Network, founded in 1985, connects microenterprise practitioners from around the world to develop practical guidance and tools, build capacity, and help set standards to advance its mission of sustainable income in every household. Its members are active in 180 countries.

[1] Sanabel: “Sanabel Chosen 2010 ‘Microfinance Network of the Year’”, http://www.sanabelnetwork.org/en/node/669

Daily Times: “PMN awarded ‘Best Network of the Year’” 2009, http://www.dailytimes.com.pk/default.asp?page=2009\11\12\story_12-11-2009_pg5_12

MicroCapital’s Microfinance Universe Profile: Sanabel, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=sanabel

MicroCapital’s Microfinance Universe Profile: Small Enterprise Education and Promotion (SEEP), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=SEEP+Network

Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/

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