Egypt's Qardy Teams Up With Sandah to Give MSMEs Access to Finance
Egyptian fintech startup Qardy has announced a strategic partnership with microfinance company Sandah to provide micro, small, and medium enterprises (MSMEs) with greater access to financing.
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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