Sanad Fund for MSME, a Luxembourg-based investor in lenders to micro-, small and medium enterprises (MSMEs), recently loaned USD 5 million to Al Majmoua, a provider of financial and business development services to underserved groups in Lebanon. The funds are to be on-lent to low-income individuals for housing improvements and to very small enterprises for business needs.
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MICROCAPITAL BRIEF: Sanad Fund for MSME Loans $5m to The National Bank (TNB) of the Palestinian Territories for Microfinance
Sanad Fund for MSME recently loaned USD 5 million to The National Bank (TNB), a public-private partnership in the Palestinian Territories, to fund loans from TNB to low-income households as well as micro-, small and medium-sized enterprises (MSMEs). In addition
SPECIAL REPORT: Advans Cote d’Ivoire Wins $113k European Microfinance Award for Inclusive Finance Through Technology
Last 
night, Advans Cote d’Ivoire (CI), a microfinance institution in Cote d’Ivoire, won the European Microfinance Award 2018, which was themed “Financial Inclusion through Technology” and includes a cash prize of EUR 100,000 (USD 113,000). Advans CI, a member of the Advans Group, offers payment, saving and credit services that can be linked to MTN mobile money accounts. The cocoa farmers who are customers of Advans CI were having trouble with traceability and safety issues related to being paid by cooperatives in cash. They were also having trouble saving money from harvest time until the school year begins, resulting in low school enrollment. Advans CI responded by creating a
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Lends $7.1m to Agency for Finance in Kosovo (AFK); Advans Group to Refinance in DRC, Myanmar
The Grameen Credit Agricole Foundation (GCAF), whose head office is in Luxembourg, recently informed MicroCapital that it is disbursing loans to: (1) Agency for Finance in Kosovo (AFK) in the amount of EUR 1.4 million (USD 1.6 million),
MICROCAPITAL BRIEF: EBRD Loans $29m to Turkish Leasing Firm QNB Finans Finansal Kiralama for Energy-efficiency Investments
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently loaned EUR 25 million (USD 29 million) to Qatar National Bank Finans Finansal Kiralama (QNB Finans Leasing), a subsidiary of the Turkish commercial bank, QNB Finansbank.
MICROCAPITAL BRIEF: EU Funding Expansion of EBRD Women in Business Programme to Morocco
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, is expanding its Women in Business Programme to Morocco, where it will offer training sessions, networking opportunities and internet-based mentoring for women entrepreneurs in the country.
MICROCAPITAL BRIEF: Government of Sweden Gives $3m for EBRD’s Women in Business Programme for SMEs in Moldova
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral institution, recently disbursed a grant in the amount of SEK 26 million (USD 3 million) to support its Women in Business Programme in Moldova. The funds, which have been supplied by the Swedish government
MICROCAPITAL BRIEF: Arab African International Bank (AAIB), Sanad Fund for MSME Launch Microfinance Institution Sandah in Egypt
The Arab African International Bank (AAIB), which is held in equal parts by the Central Bank of Egypt and the Kuwait Investment Authority, recently launched Sandah, a microfinance institution intended to promote “financial inclusion to accommodate the low-income disenfranchised segments” by funding
MICROCAPITAL BRIEF: Mowgli Mentoring to Engage Syrian Refugees in Jordan with Support from OeEB via Sanad
UK-based NGO Mowgli Mentoring recently secured funding from the Sanad Technical Assistance Facility, which is affiliated with the Luxembourg-domiciled Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), to engage 15 Jordanian businesspeople in mentoring a like number of Syrian refugees looking to make their Amman-based businesses
MICROCAPITAL BRIEF: Sanadcom Launches to Serve SMEs in Jordan, Backed by Microfund for Women, GMS Ventures and Investments
Sanadcom for Business Finance, a lender to small and medium-sized enterprises (SMEs) in Jordan, recently launched with two “anchor” investors: Microfund for Women, a Jordanian microfinance institution, and GMS Ventures and Investments, a subsidiary of Jordan’s GMS Holdings. Sanadcom has enjoyed “additional equity funding and support” from the Sanad Fund for MSME (micro-, small and medium-sized enterprises), a European investor in North Africa and the Middle East, and
MICROCAPITAL BRIEF: Fransabank Borrows $20m from Sanad for Rural SMEs, Poor Households in Lebanon
Fransabank SAL, a Beirut-based commercial bank with 124 branches in nine countries, recently received a loan of USD 20 million from the Sanad Fund for MSME (micro-, small and medium-sized enterprises), a European investor in North Africa and the Middle East. Fransabank plans to use the funds to
MICROCAPITAL BRIEF: FMO Gives $240k to Sanad Technical Assistance Facility for MSMEs in the Middle East, North Africa
The Sanad Technical Assistance Facility, an affiliate of the Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprises) that supports lenders to
MICROCAPITAL BRIEF: Sanad Fund for MSME Lends $20m to Lebanon’s Byblos Bank
The Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced it will loan USD 20 million to Byblos Bank, a commercial bank based in Lebanon, to on-lend to small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: EBRD to Lend $11m to Kazakhstan’s Kassa Nova Bank for MSMEs, Women Entrepreneurs
The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development institution, recently announced it will extend a credit line equivalent to USD 11 million in Kazakhstani tenge to Kassa Nova Bank. Kassa Nova will allocate USD 6.6 million of the total to micro-, small and medium-sized enterprises (MSMEs) located outside of major metropolitan areas.
MICROCAPITAL BRIEF: AgroCenta of Ghana Wins $20k Fincluders Startup Challenge for Online Agricultural Marketplace
Ghana-based AgroCenta recently won USD 20,000 in the Fincluders Startup Challenge, which was created to support new companies seeking to increase financial inclusion.
MICROCAPITAL BRIEF: Advans Myanmar Disburses First Group Microfinance Loan from Branch in Amarapura
The Advans Group, which operates a network of 10 microfinance institutions from offices in France and Luxembourg, recently opened the first branch of Advans Myanmar in the city of Amarapura. Advans Myanmar is offering loans of up to MMK 1 million (USD 740) to groups of three to six traders and salaried workers.
MICROCAPITAL BRIEF: FMO Investing $15m in Equity in Sanad Fund for MSME for On-lending in the Middle East, North Africa
Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a Dutch development bank, recently announced that it will place equity of USD 15 million in the debt sub-fund of the Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), which disburses “medium- and long-term” loans to financial institutions that serve MSMEs
MICROCAPITAL BRIEF: Sanad Fund for MSME Lends $1.5m for Women’s Enterprises in Palestine via Microfinance Institution Asala
The Sanad Fund for MSME (Micro Small and Medium Enterprise), a provider of loans and equity to financial institutions in the Middle East and North Africa, recently announced that it will lend USD 1.5 million to the Asala for Credit and Development Company, a microfinance institution in Palestine, for on-lending to female entrepreneurs. The microlender operates nine offices in the West Bank and Gaza, focusing on serving micro- and small enterprises owned by women in rural areas. Asala, a for-profit successor to the Palestinian Businesswomen’s Association, was launched in 2014 with support from the Sharakat