Erada Finance and UNFPA Forge Strategic Partnership to Drive Financial Inclusion and Women”s Empowerment in Egypt
Erada Finance, a specialized provider of financing for micro, small, and medium enterprises (MSMEs), has signed a strategic partnership with the United Nations Population Fund (UNFPA) in Egypt. The collaboration is set to launch joint initiatives aimed at advancing financial inclusion, empowering women economically, and supporting young entrepreneurs through financial literacy and skill-building programs.
Strategic Objectives and Developmental Impact
This partnership aligns perfectly with Erada Finance’s broader strategy to merge direct financial solutions with impactful developmental initiatives. By joining forces with international institutions, the company seeks to expand economic empowerment opportunities and maximize its societal footprint across Egypt.
The joint framework will focus on delivering several core initiatives:
Executing targeted financial education and awareness campaigns.
Developing advanced entrepreneurship and business management skills for youth.
Launching community-based programs specifically aimed at empowering women and marginalized groups.
Combating gender-based violence and harmful practices by providing women with tangible pathways to financial independence and prosperity.
Leadership Perspectives
"At Erada Finance, we believe that financial inclusion goes beyond merely providing access to funding; it begins with building the knowledge and capacities that enable individuals to make sound financial decisions and turn their ideas into viable businesses. Our partnership with UNFPA is a significant step toward expanding our developmental impact to build more resilient and sustainable communities." — Amr Abou El Azm, CEO and Co-founder of Erada Finance.
"This partnership reflects the critical importance of cooperation between the development and private sectors in expanding economic empowerment opportunities for women. Providing youth and women with the necessary tools and skills through financial literacy and entrepreneurship support will help build a more sustainable future." — Germaine Haddad, Acting Representative of UNFPA Egypt.
Corporate and Institutional Backgrounds
Established in 2022, Erada Finance is an Egyptian joint venture backed by e& Egypt, the Sovereign Fund of Egypt (TSFE)—through its Financial Services and Digital Transformation Subfund—and CEO Amr Abou El Azm. The firm provides tailored financing solutions for MSMEs across various sectors, focusing heavily on job creation, youth support, and inclusive economic growth.
The UNFPA serves as the United Nations' premier sexual and reproductive health agency, operating in over 150 countries. The fund actively works to protect the rights and choices of women, girls, and youth, striving to ensure that every pregnancy is wanted, every childbirth is safe, and every young person’s potential is fully realized.