Sanabel, The Microfinance Network Of Arab Countries

Sanabel - Microfinance Network of Arab Countries 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. Currently Sanabel has 64 members from 12 Arab countries. It is estimated that Sanabel members are serving 2.4 million clients representing 83% of the total microfinance clients in the region. Vision: Sanabel envisions all low income people in Arab countries with access to comprehensive financial services. Mission: Sanabel advocates for growth, innovation, best practices & standardization of the microfinance sector in Arab countries. Objectives: 1. Strengthen the capacity of MFIs through needs-based training, technical assistance and peer exchanges. 2. Advocate for a positive and conducive microfinance environment and for the inclusion of microfinance in the financial sector. 3. Promote microfinance best practices among stakeholders in Arab countries through transparency, standardization, peer learning and information exchange efforts. 4. Foster innovation in the microfinance sector by researching and highlighting leading trends in technological developments, product diversification and new financial services.