Dealflow | July 22, 2021

Medical Credit Fund’s digital finance fund secures $8.3 million to support Africa’s health clinics

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, July 22 — The Nairobi-based nonprofit has provided debt financing for equipment and facilities to more than 6,000 small African privately-run clinics since 2009 (see, “Medical Credit Fund blends $19.2 million to finance Africa’s frontline health clinics).

It secured Ksh 900 million ($8.3 million) from the Dutch Ministry of Foreign Affairs for its second fund, which is focused on “driving equitable and quality healthcare” in Africa, said Medical Credit’s Arjan Poels.

Equitable healthcare

Medical Credit Fund II will provide digital loans for healthcare clinics to increase investments in health infrastructure and access to quality healthcare in Kenya, Ghana, Nigeria, Tanzania and Uganda.

Its first deal is a Ksh 4.25 million ($40,000) loan to Sori Lakeside Hospital in Kenya.