The Sanabel 2007 Annual Report celebrates not only our fifth anniversary but the completion of our first strategic planning cycle and the dawn of a new five-year vision for Arab microfinance.

2005 proved to be a year of important transitions for Sanabel both on the institutional and programmatic levels. The network's activities outlined in this report are also reflections of the activities that took place within the microfinance sector both regionally and globally especially as 2005 placed our industry in the spotlight through the UN Year of Microcredit.

For the complete report, please see attachment below.