SANADCOM
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
SANADCOM is the first fully dedicated SME financing provider in Jordan and was founded in May 2017 as a specialized and SME-focused spinoff of Microfund for Women, Jordan’s leading privately owned MFI.
What is our funding objective?
The objective of the project is to help SANADCOM with external advice and to prepare an action plan on how to sustainably grow its WSMEs loan portfolio in Jordan.
Why do we fund this investment?
Despite having drastically reduced the educational gender gap, Jordan accounts for one of the world’s lowest rates of women in the workforce at only 13%. This project provides an opportunity for FMO and SANADCOM to address this issue and to unlock this market potential.
More investments
| Date | Total FMO financing |
|---|---|
| 9/8/2021 | JOD 5.00 MLN |
- Region
- Asia
- Country
- Jordan
- Sector
- Financial Institutions
- Effective date
- 11/27/2018
- End date
- 1/23/2019
- Total FMO financing
- EUR 0.02 MLN
- Funding
- ForeignAffairs - CD
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C