Yemen Market Profile

April 5, 2016 - 3:40am from MicroCapital
Gemeinschaftsbank für Leihen und Schenken (GLS), a German bank that focuses on investing in socially responsible and ecological projects, recently invested EUR 13 million (USD 14.5 million) in Sanad Fund for MSME (Micro-, Small and Medium-sized Enterprise), a Luxembourg-based public-private partnership that provides debt and equity financing in the Middle East and North Africa. Wolfgang Reuss, the Chairman of Sanad’s Board of Directors, said: “The aim of GLS Bank to generate ...
December 15, 2015 - 6:33pm from MicroCapital
The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Arab Tunisian Lease (ATL), a Tunisia-based company that provides lease financing for equipment, vehicles and real estate, signed a senior loan agreement for USD 5 million to support micro-, small and medium-sized enterprises (MSMEs) in Tunisia. This funding is slated to expand ATL’s portfolio by an additional 750 ...
December 7, 2015 - 1:06am from MicroCapital
“Is Islamic Banking Good for Growth?”; by Patrick Imam and Kangni Kpodar; published by the International Monetary Fund; April 2015; 33 pages; available at: http://www.microfinancegateway.org/library/islamic-banking-good-growth This paper analyzes the relationship between the development of Islamic banking and economic growth in low- and middle-income countries, finding that ...
November 16, 2015 - 6:35am from MicroCapital
Oesterreichische Entwicklungsbank (OeEB), the development bank of Austria, has invested EUR 10 million (USD 10.7 million) in Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa. The amount will be added to the senior tranche of Sanad’s “debt sub-fund”[1] and it will be available for lending to micro-, small and medium-sized enterprises (MSMEs) in the Middle East and North ...
October 20, 2015 - 11:37am from Universal Postal Union blog
Written by: Bsrat Measho, UPU intern On 25 September 2015 more than 150 world leaders adopted the United Nation’s Sustainable Development Goals (SDGs), replacing the Millennium Development Goals (MDGs). They agreed to reach 17 goals by 2030, tackling issues related to poverty reduction. Goal 5 addresses gender inequality. One of its targets is to undertake reforms so that women have equal access to financial services. Research suggests that female financial ...
August 11, 2015 - 1:03am from MicroCapital
The Sanad Fund for MSME, a Luxembourg-based public-private partnership that provides medium- and long-term debt and equity financing in the Middle East and North Africa, and Attijari Leasing, a Tunisia-based subsidiary of Attijari Bank that provides leasing services, signed a senior loan agreement for USD 5 million to support micro-, small- and medium-sized enterprises (MSMEs) in Tunisia. According to Moez Terzi, CEO of Attijari Leasing: “This partnership with Sanad will enable us ...
August 10, 2015 - 4:57pm from Center for Financial Inclusion Blog
> Posted by Center Staff The latest edition of the Financial Inclusion 2020 News Feed, our weekly online magazine sharing the big news in banking the unbanked, is now available. Among the stories in this week’s edition are the release of a New America Foundation report on account dormancy in youth savings, Yemen exploring mobile banking to ...
July 6, 2015 - 1:05am from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprise) (Sanad), a Luxembourg-based organization that provides “medium- and long-term”[1] debt and equity to financial institutions in the Middle East and North Africa region, has recently announced the disbursement of a loan of USD 15 million to Bankmed, a Lebanese commercial bank regulated by the Central Bank of Lebanon. The aim of the loan is to support the expansion of Bankmed’s lending activities to small and medium-sized ...
June 24, 2015 - 10:44am from MicroCapital
The Luxembourg-based Sanad Fund for MSME (micro-, small and medium-sized enterprise) recently donated USD 28,000 to Vitas Group, a commercial holding company created by US-based, international nonprofit organization Global Communities, to train the staff of Vitas Group’s microfinance institutions in the Middle East on client protection. The funds will enable Vitas Group to hire a consultant certified by US-based nonprofit organization Accion’s Smart Campaign for this purpose. The ...
June 20, 2015 - 11:30am from MicroCapital
Silatech, a Qatar-based social enterprise aiming to increase employment and entrepreneurship among youth in the Middle East and North Africa, recently announced the development of Narwi, a nonprofit crowdfunding platform that will support microentrepreneurs via Islamic charitable giving. The platform is scheduled to be launched in late June 2015. Through Narwi, donors will be able to establish an endowment called a “Narwi Waqf” to fund microentrepreneurs with donations as small as ...
May 21, 2015 - 7:23am from BRAC Blog
According to the World Bank, people living on or under USD 1.25 per day are considered ‘ultra poor’. Global trends indicate that we are gradually and surely winning the fight against poverty. Still, a staggering 1.2 billion people are living in extreme poverty- that is almost four times the number of people living in USA. But extreme poverty is so much more than just statistics and numbers; it ...
May 13, 2015 - 5:33am from MicroCapital
The Sanad Fund for MSME (Micro, Small and Medium-Sized Enterprises), an investment vehicle that provides medium- and long-term debt and equity financing to microfinance institutions in the Middle East and North Africa (MENA) region, has agreed to disburse USD 2.5 million to Vitas Palestine, a microfinance provider in the West Bank and Gaza, Palestine. The loan agreement will allow Vitas Palestine issue approximately 850 loans. ”The partnership is critical… to make a lasting ...
May 11, 2015 - 11:30am from CGAP Microfinance Blog
With a series of crises unfolding throughout much of the Arab world today, the donor community has been challenged to find appropriate ways to address the widespread loss and increasing vulnerability in the region. This is particularly the case because those areas most in need (for example Gaza, Syria, Afghanistan and Yemen, but also Tunisia after its revolution and Morocco after its repayment crisis) are typically those where donors may be reluctant to engage due to perceived high risks, as ...
March 31, 2015 - 1:02am from MicroCapital
Advans SA, a Luxembourg-based venture capital company, has announced the launching of operations by its ninth affiliated microfinance institution, Advans Tunisie. Advans Tunisie was created in September 2013 and obtained its license to operate from the Tunisian Finance Ministry in January 2015. Advans SA is the majority shareholder of the microbank, with other stakeholders including the Sanad Fund for MSME (micro-, small and medium-sized enterprises), which is supported by the European ...
February 24, 2015 - 1:05am from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Germany-based provider of “medium- and long-term” and equity financing in the Middle East and North Africa, recently agreed to loan the equivalent of USD 5 million in local currency to Enda Inter-arabe, to help it expand its lending into additional underserved areas of Tunisia. Enda Inter-Arabe, which first partnered with Sanad in2013, is a member of Senegal-based nonprofit Enda Third-World, which engages in a ...
February 16, 2015 - 3:16pm from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprise), a Germany-based fund providing medium- and long-term debt and equity financing in the Middle East and North Africa, recently disbursed a senior loan of USD 3 million to Al-Amal Microfinance Bank (AMB), a nonprofit minority-held by the government of Yemen, to support micro- and small enterprises (MSE) in the country. The credit facility marks Sanad’s first investment in Yemen, where it will provide additional support to ...
February 10, 2015 - 4:14pm from Google news - microfinance
Al-Shorfa
January 27, 2015 - 10:30pm from MicroCapital
The Sanad Fund for MSME (micro-, small and medium-sized enterprises), a Germany-based fund providing loans in the Middle East and North Africa, recently provided a senior loan of USD 20 million to Amen Bank, a Tunisia-based private commercial bank. The loan will be used to support very small, small and medium-sized enterprises within the country. According to a statement by Ahmed El Karm, the Board President of Amen Bank, “Given the increasing importance of small and medium ...
January 12, 2015 - 11:11am from Center for Financial Inclusion Blog
> Posted by Jeffrey Riecke, Communications Associate, CFI #142765195 / gettyimages.com Islamic finance is expected to expand substantially in 2015, from 2014’s total of $2.1 trillion to $2.5 trillion, according to figures released last week by the Al-Huda Centre of ...
January 2, 2015 - 9:34am from Microfinance Africa
(Lahore) 2014 proved to be tremendous for Islamic banking and finance industry. It not only exceeded the limit of 2 trillion dollars assets but it also got access to the new markets including various new destinations of European region, Korea, Australia, Brazil, Malta, Argentine, China and many more. Islamic banking and finance gained the popularity in its traditional markets of e.g. Malaysia, Pakistan and Middle East as well. There are various countries which recently stepped into ...