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Medical Credit Fund to be featured in OECD Second High-Level Meeting in Nairobi

In the workshop, taking place on December 1st at the KICC Convention Center in Nairobi, the financing mechanism of the Medical Credit Fund will be highlighted as an example on how to attract private capital through public grants.

  • Nov 22, 2016
Godswill clinic, Kisumu. Geoffrey Omondi in the laboratory that was built newly with a second loan from the Medical Credit Fund.

The Medical Credit Fund is a social impact fund, supported by international donors and the Dutch government, that enables Health SMEs in sub-Saharan Africa to access affordable finance in order to improve the quality of healthcare. Grants are applied to finance the technical assistance programs which contain quality improvement and business planning. Capital is used to finance loans with local partner banks, such as Sidian Bank, to health SMEs in Tanzania, Kenya, Ghana and Nigeria.

Up to 30 September 2016 the fund had disbursed 950 loans to 694 health SMEs to the total value of almost USD 18.5 million. MCF has been widely recognized for its innovative approach to increase the delivery of affordable quality healthcare services by reducing the investment risk and has won several awards including the 2010 G20 SME Finance Challenge award, received from US President Obama and the 2014 OPIC Impact Award for Access to Finance.

The panel featuring Christiaan Rebergen, Director General for International Cooperation, Dutch Ministry of Foreign Affairs, Titus Karanka, CEO Sidian Bank, Dr. Hillary Mabeya, Founder Gynocare & Professor at Moi University Nairobi, Evelyn Gitonga, Director Medical Credit Fund Kenya, moderated by Kees van Lede, Chief Commercial Officer, CarePay, will discuss:

  • The challenges and risks faced by health SMEs in accessing financing
  • Partnerships with public and private funders, local banks and other financial institutions to provide financing to health SMEs
  • Developmental results of a focused approached that combines access to finance with technical assistance to health SMEs
  • Digital technologies providing new opportunities for innovative financing products

 

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