Your Weekly Financial Blog
from QARDY
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.
Egypt has made significant progress in recent years in implementing economic reforms and promoting economic growth. In 2016, the Egyptian government launched an economic reform program aimed at addressing longstanding issues such as high inflation, a large budget deficit, and a shortage of foreign currency reserves.
- 5 min read
- January 8, 2023
Statistical data indicates that a significant barrier to MSME lending in Egypt is the limited access to formal financial institutions. According to a study conducted by the World Bank in 2020, only 26% of MSMEs in Egypt had access to formal financial services. This disparity is largely due to strict lending requirements, cumbersome paperwork, and collateral demands that many MSMEs find difficult to meet.
Factoring is a financing tool that can be used by small and medium-sized enterprises (SMEs) to improve cash flow and manage credit risk. In this post, we will discuss what factoring is, how it works, and why it can be beneficial for SMEs in Egypt.
- 5 min read
- January 1, 2023
Access to timely financing is essential for the growth and success of MSMEs in Egypt. While loan processing times vary depending on various factors, recent statistics indicate that MSMEs typically wait between 30 and 60 days to receive loans. By understanding the factors influencing loan processing times and working towards streamlining the loan approval processes, stakeholders can better support the development and expansion of MSMEs, ultimately fostering economic growth in Egypt.
