Egypt Post meets SME financing capabilities with Qardy partnership
Egypt Post has signed a partnership agreement with online aggregator marketplace Qardy to give SMEs better access to financing opportunities in Egypt.
Qardy brings services to Egypt Post’s 4,300 locations
The arrangement will see Qardy provide its services to Egypt’s SME community, which represents 80% of the country’s GDP and 75% of its work force, through Egypt Post’s numerous post offices across the region.
The focus of the partnership is to offer SMEs the necessary tools and products of debt financing through Egypt Post and Qardy’s branches. And while Qardy will seek to make the fulfilment of financial obligations and requirements simpler for SMEs, it is also prioritising a hassle-free and streamlined user experience.
Furthermore, the marketplace has also confirmed its intention to abide by one of the financial industry’s most current themes in connecting businesses to the most suitable financial services for their specific needs.
Through its partnership with Egypt Post, Qardy wil enable SMEs to access and leverage its range of facilities to the benefit of their development processes and digital transformations, and to Egypt’s rate of financial inclusion across all sectors.
The agreement was signed by Khaled Emam, Egypt Post vice chairman for financial inclusion, and Abdel Aziz Abdel Nabi, Qardy’s founder, in the presence of Sherif Farouk, Egypt Post chairman, and all executive leaders.
The wider implications of this partnership are expected to boost the country’s economy through improved SME access to various funding models while also promoting the freelance economy through opportunities and possibilities arising from the postal infrastructure and geographical deployment of Egypt’s post offices.
