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Qardy Partners with Sandah to Provide MSMEs Access to Financing in Egypt 🤝🇪🇬

Qardy Partners with Sandah to Provide MSMEs Access to Financing in Egypt 🤝🇪🇬

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#finance
#small business
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#financial services
Egyptian startup Qardy, a marketplace and aggregator for debt financing, has partnered microfinance company Sandah to give MSEMs access to the necessary tools and resources. Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending”.

Egyptian startup Qardy, which operates as a marketplace and aggregator for debt financing, has joined forces with microfinance company Sandah to offer Micro, Small, and Medium Enterprises (MSMEs) in Egypt improved access to financial resources. Qardy, founded in July 2022, aims to streamline the lending process for MSMEs, reducing the waiting time for loans from nine months to around 18 days. This partnership with Sandah will enable Qardy to expand its reach and provide tailored financial products to support the diverse needs of MSMEs in Egypt, including managing cash flow cycles and covering working capital requirements.


Key Points:

- Qardy, an Egyptian startup, acts as a marketplace and aggregator for debt financing.

- The startup's goal is to expedite the loan approval process for MSMEs, reducing the waiting time from nine months to approximately 18 days.

- Sandah, a microfinance company, has partnered with Qardy to enhance financial accessibility for MSMEs in Egypt.

- The collaboration aims to offer a comprehensive range of financial products and services tailored to the specific needs of the MSME sector.

- This strategic partnership seeks to support MSMEs in managing cash flow and fulfilling working capital requirements more efficiently.


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