SANAD Finances 200,000th Loan to Foster Entrepreneurship in Middle East and North Africa

The SANAD Fund for MSME (SANAD) announced today that its investments have facilitated the 200,000th sub-loan to support entrepreneurs in the Middle East and North Africa. 

By providing dedicated funding to local financial institutions committed to serving micro, small, and medium enterprises (MSMEs) in the region, SANAD expands the ability of entrepreneurs to access much-needed financing to invest in their long-term success. The 200,000th such sub-loan was recently disbursed by Microfund for Women (MfW), a SANAD partner and investee since 2015. The loan in the amount of 710 Jordanian dinar ($1,000) was provided to Maysson Ja’far Almomani to finance the sewing business she runs out of her home in Ajloun, Jordan.