Your Weekly Financial Blog
from QARDY
Qardy, the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), is proud to announce that it has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors. This significant milestone underscores the confidence that investors have in Qardy’s innovative approach to financial services and its potential for growth ... Read More
Closing the finance gap for MSMEs in Egypt is crucial for fostering inclusive economic growth and supporting job creation... Read More
- 5 min read
- June 1, 2023
According to a study by the Central Agency for Public Mobilization and Statistics (CAPMAS), approximately 60% of the employed population in Egypt was engaged in the informal sector in 2020. This highlights the sector's importance as a source of livelihood, particularly for those with limited access to formal employment opportunities.
With the growing emphasis on digitalization, MSMEs in Egypt are gradually embracing technology to enhance their competitiveness. According to a survey conducted by the Egyptian Micro, Small, and Medium Enterprise Development Agency (MSMEDA), around 45% of MSMEs in Egypt have adopted digital tools and platforms to streamline their operations and expand their customer base.
- 5 min read
- April 6, 2023
In Egypt, loans play a vital role in fueling economic growth, financing businesses, and supporting individuals. Over the past decade, the country has witnessed a considerable increase in loan activity. According to recent data, the total loan portfolio of Egyptian banks reached an impressive figure of EGP 3.7 trillion (approximately USD 234 billion) by the end of 2021. This represents a substantial growth rate, demonstrating the confidence of borrowers in the Egyptian economy.
Leasing is a popular financing option for small and medium-sized enterprises (SMEs) in Egypt. It is a type of financing that allows businesses to acquire assets without having to make large upfront payments. In this post, we'll explore how leasing works and why it can be a valuable financial tool for SMEs in Egypt.
- 5 min read
- March 4, 2023
Green loans are a type of financing that is specifically designed for environmentally friendly projects. These loans are offered by banks and financial institutions and can be used to finance projects that promote sustainable development, such as renewable energy, energy-efficient buildings, and water conservation.
Exporting can be a key driver of growth for SMEs, but it often requires significant investment and can be risky. The Export Financing Program helps SMEs overcome these challenges by providing the necessary financing to support their export activities. With the program, SMEs can access the funds they need to purchase raw materials, hire staff, and cover other expenses related to exporting.
