Egypt Post and Qardy partner to provide financing for SMEs

By Delisha Fernandes

Qardy, an online lending marketplace in Egypt and the MENA region for financial institutions to fund SMEs, announced its partnership agreement with Egypt Post, a non-banking financial institution.

Dr Sherif Farouk witnessed the agreement between Egypt Post and Qardy, which enables Qardy to provide its services to Small and Medium-Sized Enterprises (SMEs) through Egypt Post’s network.

Dr Sherif Farouk, Egypt Post Chairman, said, “This agreement reflects Egypt’s efforts to achieve financial inclusion for all groups of society and provide various funding models through postal branches, which help Egypt’s economy grow and encourage its culture of freelancing in various parts of Egypt by relying on the great possibilities of postal infrastructure and geographical deployment of post offices throughout Egypt, which reached 4,300”.

Qardy’s vision is to support SMEs to have access to all their financial needs and support the adoption of digital transformation and financial inclusion in Egypt.

This partnership agreement was signed by Mr Khaled Emam, Egypt Post Vice Chairman for Financial Inclusion, and Mr Abdelaziz Abdel Nabi, Qardy’s founder, in the presence of all executive leaders.

Mr Abdelaziz Abdel Nabi, Qardy’s founder, said, “We are happy and proud to sign this agreement. Qardy will ensure each customer is matched with the best financial institution through our partnership with Egypt Post, the largest non-banking financial institution that supports SMEs to get a hassle-free wide range of facilities.