Egypt's Qardy Teams Up With Sandah to Give MSMEs Access to Finance
The partnership aims to bridge the financial gap in the MSME sector in Egypt by offering a range of products and services tailored to their various needs.
Qardy is an online lending marketplace that connects MSMEs with lenders, while Sandah is a for-profit microfinance company that provides loans to small businesses.
The partnership between Qardy and Sandah is expected to benefit a large number of MSMEs in Egypt.
MSMEs account for over 90% of the country’s private sector employment and contribute significantly to the economy.
However, many MSMEs struggle to access financing from traditional banks and other financial institutions.
The Qardy-Sandah partnership is expected to make it easier and faster for MSMEs to get the loans they need to grow their businesses.
Benefits of the partnership for MSMEs:
The partnership between Qardy and Sandah is expected to offer a number of benefits to MSMEs in Egypt, including:
– Increased access to financing: The partnership will make it easier and faster for MSMEs to get the loans they need to grow their businesses.
– A wider range of financial products and services: The partnership will offer MSMEs a wider range of financial products and services tailored to their specific needs.
– More competitive interest rates: The partnership is expected to lead to more competitive interest rates on loans for MSMEs.
– Improved customer service: The partnership will provide MSMEs with access to a wider network of branches and customer service representatives.
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