For scaling sustainable finance across the Middle East and North Africa (MENA), Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has secured $20 million in funding from two leading impact-focused funds managed by Germany-based Finance in Motion GmbH: the SANAD Fund for MSME and the Green for Growth Fund (GGF).
The funding, split equally between the two funds ($10 million each), comes with a five-year repayment tenor and will be directed toward advancing inclusive financial access and green investments throughout the region.
Driving Financial Inclusion and Green Development
The SANAD Fund’s allocation is set to bolster financial inclusion for micro, small, and medium-sized enterprises (MSMEs) as well as low-income communities, key sectors in the region’s drive for sustainable and inclusive economic growth. Meanwhile, the Green for Growth Fund’s contribution will finance renewable energy, energy efficiency, and sustainable resource management projects, accelerating the region’s environmental transition.
This deal reinforces Beltone’s strategic positioning as a leading non-bank financial institution (NBFI) committed to promoting ESG-aligned financing solutions, directly supporting Egypt’s Vision 2030 and the country’s national climate objectives.
Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, emphasized “Securing foreign currency funding from reputable institutions like SANAD and GGF strengthens our capital base and enhances our ability to provide competitive, impact-driven financial services. This partnership empowers us to better serve MSMEs while advancing green initiatives that build a resilient future.”
Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone, added thar “This transaction underlines our long-term collaboration with Finance in Motion and reflects Beltone’s commitment to ESG-led growth. Our focus remains on unlocking strategic capital to drive innovation and inclusive development across the financial services landscape.”
Beltone’s Growing ESG Footprint
Beltone Leasing and Factoring’s latest funding success builds on its growing track record of leveraging impact capital to support critical sectors in the Egyptian and MENA economies. It also aligns with a broader push by global investors to fund climate-conscious and socially inclusive projects in emerging markets.
Both the SANAD Fund and the Green for Growth Fund are flagship initiatives under Finance in Motion, a global impact asset manager recognized for its commitment to sustainable development across emerging and developing economies. The firm works closely with development finance institutions, government agencies, and private investors to mobilize responsible investment capital.
