
Erada Microfinance
Financial solutions for light vehicles and project financing, fostering financial inclusion and sustainable economic growth.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Debt | |
Total Funding | 000k |
Erada Microfinance, established in 2023, is a financial services company leveraging fintech to provide a diverse range of financing products. The company focuses on promoting financial inclusion and sustainable economic growth by offering microcredit, nano lending, and small enterprise lending. Erada aims to empower individuals and businesses by opening new market horizons and promoting entrepreneurship. The company serves clients with unique and diverse project needs, providing flexible financial solutions tailored to specific requirements. Erada's business model involves partnerships with entities like The Sovereign Fund of Egypt and Etisalat Egypt, facilitating access to financial resources. The company generates revenue through interest and fees associated with its lending products, targeting markets that require financial empowerment and inclusion. Erada is committed to creating positive social change, enhancing living standards, and providing employment opportunities, with a particular focus on empowering women.