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Egypt’s lending marketplace Qardy and Sandah sign a partnership agreement to give MSMEs access to financing

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Egypt’s 1st online lending marketplace Qardy and Sandah ,an Egyptian microfinance institution are delighted to announce their strategic partnership to empower and support Egypt’s Micro, Small and Medium Enterprises (MSMEs).

This collaboration aims to provide MSMEs with the necessary tools and resources to succeed in today’s
competitive business landscape.

According to Mr. Abdel Nabi, Founder of Qardy, “We are thrilled about this strategic
collaboration with Sandah; together we aim to expand our coverage to cover the full
extent of MSMEs sector, providing them with tailored financial products to both manage
their cash flow cycles and cover their working capital needs.

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Mr. Suhail Rashwan, the Managing Director of Sandah Microfinance, said we are eager
to work with partners to help business owners get appropriate and innovative financing.
This aligns with the Egyptian government’s plans to make sure that all parts of society
have access to financial services.Offer different financing models for all aspects of Egypt’s economy, promote the culture
of using microfinance, and encourage young people to adopt it. Because of this, the
company has been in most of the Egyptian governorates and uses electronic channels
and financial technology to reach as many customers as possible.

Rashwan said, “Sanadah, in cooperation with Qardy, wants to offer a unique experience
that offers comprehensive solutions to meet the needs of business owners and reach a
larger group of customers in different regions in all governorates.”

Sandah is an Egyptian microfinance institution founded in 2018 under Egypt’s
Microfinance Law. It was established to satisfy the demands of Egypt’s enormous,
unexplored market. Sandah’s objective includes financing and supporting small
enterprises to help provide job opportunities and economic development for the
country’s small entrepreneurs.

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at [email protected]

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