Sanabel was established in 2002 by 17 founding members in 7 Arab countries as a membership-driven regional network for microfinance institutions (MFIs) in the Arab world.  By end of March 2007 Sanabel members increased to 53  of the leading MFIs in the region representing 11 Arab countries. These members collectively serve more than 90% of the total active microfinance clients in the region.