Sanabel Microfinance Network of Arab Countries

نبذة عن شركة Sanabel Microfinance Network of Arab Countries

Sanabel was established in 2002 by 17 founding members from 7 Arab countries as a membership-driven regional network of microfinance institutions in the Arab world. By June 2007, the number of Sanabel members reached 53 from 11 Arab countries. Sanabel members are serving an estimated 1.6 million clients representing 90% of the total microfinance clients in the region. Sanabel’s mission is to maximize outreach to micro entrepreneurs in the Arab world by providing microfinance institutions with a forum for mutual learning and exchange of information, capacity building services, and advocacy for best practice microfinance. Key objectives include: • Enhance the capacity of microfinance service providers by providing support in areas such as training and the translation and distribution of microfinance literature into Arabic. • Promote and facilitate the exchange of information across the industry using an annual conference, the Sanabel website and newsletter, the Arab Microfinance Gateway and work for the development of best practice microfinance in countries where it is not prevalent. • Improve transparency and standards of practice by encouraging participation in the Microfinance Information eXchange (MIX) and the utilization of external audits, standard reporting, and ratings services. • Promote an enabling environment for best practice microfinance through public awareness and regulatory education.