Overview
What is Sanabel Microfinance Network Of The Arab Countries Inc?
Sanabel Microfinance Network of the Arab Countries Inc, based in New Cairo, Egypt, is a nonprofit organization dedicated to strengthening and enhancing the microfinance sector in Arab countries. Since its establishment, Sanabel has offered a comprehensive quality training program for microfinance professionals, disseminating this knowledge across the region by training and certifying trainers. Their current capacity-building initiatives include Training of Trainers (TOTs) courses, aiming to expand the pool of qualified, experienced trainers and offer these courses in Arabic. Sanabel's mission is to support and strengthen the microfinance sector, providing sustainable financial inclusion to low-income individuals in Arab countries.
Official website here: www.sanabelnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
Sanabel Microfinance Network Of The Arab Countries Inc has received a low overall score primarily based on its Accountability & Finance metrics, achieving only 43%. This rating is derived from various factors, with a significant emphasis placed on the organization's financial health and transparency. While it has a strong performance in areas such as having a majority independent board and proper documentation practices, it falls short in critical financial ratios.
The organization boasts a fully independent board and has no material diversion of assets, which reflects positively on its governance. However, it has notable weaknesses in its financial management, particularly with a program expense ratio of only 6.98% and a liabilities-to-assets ratio of 23.49%. These figures suggest that a minimal portion of its expenditures is allocated to direct program activities, raising concerns about its operational efficiency.
Additionally, the absence of a whistleblower policy and document retention policy is a limitation that could affect the organization's overall accountability. Potential donors and stakeholders may want to consider these factors seriously when evaluating the impact and effectiveness of Sanabel Microfinance Network.
This AI summary has been generated from information found on Charity Navigator.
Is Sanabel Microfinance Network Of The Arab Countries Inc legitimate?
Sanabel Microfinance Network Of The Arab Countries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sanabel Microfinance Network Of The Arab Countries Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,840
For more financial information, click here
Official website here: www.sanabelnetwork.org
What is the mission statement of Sanabel Microfinance Network Of The Arab Countries Inc?
Sanabel Microfinance Network of the Arab Countries Inc's mission is centered around supporting and strengthening the microfinance sector. Their primary objective is to provide sustainable financial inclusion to low-income individuals in Arab countries. One of their key initiatives involves implementing a quality training program for microfinance practitioners, which has been widely disseminated throughout the region. They have translated and adapted several training courses and trained a cadre of certified trainers to deliver a range of microfinance courses. Currently, Sanabel offers Training of Trainers (TOTs) courses, enabling participants to share their knowledge with other institutions after being certified by Sanabel. Furthermore, Sanabel is committed to offering TOTs in Arabic to expand the pool of qualified, experienced trainers, thereby ensuring better outreach for the microfinance sector.
Official website here: www.sanabelnetwork.org
Who is the CEO of Sanabel Microfinance Network Of The Arab Countries Inc?
Rany Saad is the Principal Officer of Sanabel Microfinance Network Of The Arab Countries Inc.
Official website here: www.sanabelnetwork.org
What is the revenue of Sanabel Microfinance Network Of The Arab Countries Inc?
Sanabel Microfinance Network Of The Arab Countries Inc's revenue in 2021 was $39,486.
Official website here: www.sanabelnetwork.org
Who are the executives of Sanabel Microfinance Network Of The Arab Countries Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sanabelnetwork.org
Where can I find the form 990 for Sanabel Microfinance Network Of The Arab Countries Inc?
Sanabel Microfinance Network Of The Arab Countries Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.sanabelnetwork.org
Learn more at the official website: www.sanabelnetwork.org
Mission Statement of Sanabel Microfinance Network Of The Arab Countries Inc
Sanabel Microfinance Network of the Arab Countries Inc is dedicated to supporting and strengthening the microfinance sector in Arab countries. Their primary mission is to promote sustainable financial inclusion for low-income individuals by enhancing the capacity of the microfinance sector. This organization has been instrumental in implementing a comprehensive training program for microfinance practitioners, which has significantly impacted the region. Through this initiative, various training courses have been translated and adapted, and a team of certified trainers has been developed to deliver a range of microfinance courses. Sanabel's current capacity-building program includes Training of Trainers (TOTs) courses, which equip participants with the ability to disseminate their knowledge to other institutions. Furthermore, Sanabel is committed to offering TOTs in Arabic to expand the pool of qualified and experienced trainers. The organization's training program aims to provide the microfinance sector with diverse development tools and enhance its outreach capabilities, ultimately contributing to improved financial inclusion for low-income individuals in Arab countries.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sanabel Microfinance Network of the Arab Countries Inc. significantly impacts the microfinance sector in Arab countries by promoting sustainable financial inclusion for low-income individuals. It achieves this through robust capacity-building initiatives aimed at enhancing the skills and knowledge of microfinance practitioners across the region.
One of the core components of Sanabel’s contributions is its comprehensive training program, which has evolved since the organization’s inception. This program includes a variety of microfinance courses that have been specifically translated and adapted to address the regional context. These courses are disseminated widely, fostering a greater understanding of microfinance practices among practitioners.
Additionally, Sanabel places a strong emphasis on training trainers (ToTs), empowering participants to not only gain expertise but also to share their knowledge with others in the sector. This approach amplifies the impact of the training provided, creating a multiplier effect that enhances the overall capabilities of microfinance institutions. By offering ToT courses in Arabic, Sanabel further increases the availability of qualified trainers, thus ensuring a steady stream of knowledgeable professionals in the field.
Ultimately, Sanabel's efforts contribute to a more inclusive financial landscape, enabling low-income populations in Arab countries to access the financial resources necessary for improving their livelihoods. The network’s commitment to building a skilled workforce in the microfinance sector plays a crucial role in fostering financial stability and economic empowerment in the region.
This information is meant to be a general summary of Sanabel Microfinance Network Of The Arab Countries Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $246
- Program Service Revenue: $3,360
- Gross Receipts: $39,486
Assets and Liabilities:
- Total Assets: $483,172
- Total Liabilities: $113,507
- Net Assets: $369,665
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING FEES
Revenue
$3,360
Organization Details
Founding Year
2004
Phone
0225373170Principal Officer
Rany Saad
Website
www.sanabelnetwork.orgNTEE Category
Code: Q32 - International
If you are a representative of Sanabel Microfinance Network Of The Arab Countries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.