by Renata Samadova -

MICROCAPITAL BRIEF: Sanad Fund for MSME Raises $26m from ASN Bank, Calvert Impact to Boost Financial Inclusion, Resilience in MENA

The Luxembourg-domiciled Sanad Fund for MSME recently agreed to borrow EUR 15 million (USD 16.5 million) from Algemene Spaarbank voor Nederland (ASN) Bank, a retail banking member of the Netherlands’ de Volksbank, and USD 10 million from the US-based NGO Calvert Impact Capital. Sanad intends to use the fresh funds to facilitate

by Renata Samadova -

MICROCAPITAL BRIEF: Bank of Africa, Sanad Fund Deploying $27m for SME Finance in Morocco

Bank of Africa, which is based in Morocco and serves 32 countries, recently agreed to borrow EUR 25 million (USD 27 million) from the Luxembourg-domiciled Sanad Fund for MSME to on-lend to small and medium-sized enterprises (SMEs) in Morocco. Sanad is supporting the loan with

by Eugene DeCosse -

MICROCAPITAL BRIEF: Sanad Fund for MSME Launches Equity Sub-Fund II with $23m from BMZ, EU to Invest in Financial Inclusion, Job Creation in Middle East, North Africa

The Sanad Fund for MSME, a Luxembourg-domiciled investor in micro-, small and medium-sized enterprises (MSMEs), recently launched its Equity Sub-Fund (ESF) II, to invest in financial intermediaries with the aim of increasing financial inclusion and job creation in the Middle East and North Africa. The sub-fund’s mandate includes