SANAD and Al Majmoua Advance Financial Inclusion in Lebanon

Date: 
26 Feb 2019

The SANAD Fund for MSME (SANAD), an impact investment fund advised by Finance in Motion, has announced a senior loan of $5 million to Al Majmoua for on-lending to micro and very small enterprises in Lebanon. A portion of the facility is also designated for housing loans for low-income individuals.

Al Majmoua is the leading microfinance institution in Lebanon, currently serving over 79,000 borrowers through its 28 branches. The institution has a strong social mission, dedicated to offering financial products and business development services tailored for women, youth, and marginalized groups such as Palestinian and Syrian refugees.

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Country: 
Lebanon