Connect with us

Hi, what are you looking for?

https://www.capitalfm.co.ke/business
https://www.capitalfm.co.ke/business
the second phase of funding has received a catalytic investment of Sh900 million/ courtesy

Kenya

Medical Credit Fund Announces New Financing for Healthcare Providers

NAIROBI, Kenya, Jul 20 – Medical Credit Fund has made the first disbursement of loans under the second phase of its loan guarantee facility that target small and medium-sized healthcare companies in Africa.

The loan which totals to Sh45.2 million has been given to Sori Lakeside Hospital based in Homabay County in Kenya.

According to the company, this new phase of funding is expected to increase investments in African health infrastructure and improve access to quality primary healthcare services.

Arjan Poels the Managing Director of Medical Credit Fund says the second phase is also geared towards driving equitable and quality healthcare by supporting clinics to improve the services they deliver.

Poels has also revealed that the second phase of funding has received a catalytic investment of Sh900 million.

It will start in its current countries of operation, which include; Kenya, Ghana, Nigeria, Tanzania and Uganda, then gradually extend to other countries.

https://www.capitalfm.co.ke/business

the second phase of funding has received a catalytic investment of Sh900 million /COURTESY

Isaiah Okoth, Country Director Kenya, PharmAccess Foundation says, “Attainment of Universal Health Coverage requires a balance between enabling citizens to access care without experiencing financial hardship as well as availability of healthcare facilities that offer quality care. We are harnessing the potential of the mobile phone to improve access to quality healthcare in Africa.”

The first phase of funding was announced in 2017, and a total of Sh7 billion has already been disbursed with a repayment rate of ninety seven percent.

Medical Credit Fund is a not-for-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa.

It was established as part of PharmAccess Group, a non-profit organization working to make inclusive health markets work in Africa.

Advertisement. Scroll to continue reading.
1 Comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...