• Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 10, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 9, 2018

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Project Description

SANADCOM was founded in May 2017 as a specialized and SME-focused spinoff of Microfund for Women, Jordan's leading privately owned Microfinance Institution. SANADCOM builds on that Microfinance Institution's experience in serving Jordan's Micro and small enterprises. In addition to financing, SANADCOM provides technical assistance to help SMEs develop skills in areas such as bookkeeping and marketing.

A portion of this SME loan is reserved for women and young entrepreneurs. These entrepreneurs are key to creating much needed inclusive economic growth in Jordan, which has received well over one million refugees from Syria in recent years. Small and medium enterprises (SMEs) in general have been identified as a strongly underserved market segment in Jordan, while offering the largest potential in terms of volume and combatting unemployment. By targeting SMEs in both growing and underbanked areas of Jordan, SANADCOM supports job creation where it matters most.

Women, young entrepreneurs and SMEs are key to realizing sustainable growth. The loan to SANADCOM fits FMO strategies to empower these entrepreneurs. This investment contributes to, amongst others, Sustainable Development Goals #1 'No Poverty', #2 'Decent Work and Economic Growth' and #10 'Reduced Inequalities'. Also, the investment fits further efforts and activities of the Dutch Government to support economies in the MENA region, specifically in countries which deal with a strong influx of refugees.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

+27 11 507 2500



Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: