• Beltone Leasing secured USD 20M in loans from SANAD and GGF to support MSMEs and green initiatives across the MENA region.
• The five-year funding aims to promote financial inclusion and back renewable energy and resource efficiency projects in MENA.
• The deal supports Egypt’s Vision 2030 and strengthens Beltone’s strategy of sustainable, non-bank financial services expansion.

Beltone

Beltone Leasing and Factoring, a subsidiary of Beltone Holding, secured USD 20 million in loans to support MSMEs and green projects.

The funds are divided equally with USD 20 million from each fund with a repayment tenor of five years. The subsidiary aims to use the contribution from SANAD to support financial inclusion for MSMEs and low-income households across MENA. Meanwhile, it aims to use GGF’s portion to finance renewable energy, energy efficiency, and sustainable resource use initiatives.

Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said: “Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.”

The fund comes from two impact investment funds managed by Germany-based Finance in Motion GmbH. These are the SANAD Fund for MSME and the Green for Growth Fund (GGF). Moreover, both funds focus on advancing sustainable development in emerging and developing economies. This is in collaboration with development finance institutions, private investors, and governments.

Beltone Leasing and Factoring is a subsidiary of Beltone Holding, provider of financial solutions and services in MENA.

This transaction aligns with Beltone Leasing and Factoring’s mission to deliver innovative non-bank financial solutions that promote economic empowerment and environmental sustainability. In addition to aligning with Egypt’s Vision 2030 and supporting Beltone’s advancement sustainability across all its operations.