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Apply  Helping health clinics and medical equipment manufacturers in Africa respond to COVID-19
 Sub-Saharan AfricaSub-Saharan AfricaMore from Sub-Saharan Africa

    
        HealthcareHealthcareMore from Healthcare

    
        Financing for Small Businesses and Women EntrepreneursFinancing for Small Businesses and Women EntrepreneursMore from Financing for Small Businesses and Women Entrepreneurs

    
        COVID-19 ResponseCOVID-19 ResponseMore from COVID-19 Response

    
        Global Health and Prosperity InitiativeGlobal Health and Prosperity InitiativeMore from Global Health and Prosperity Initiative
            Challenge

Small health clinics that provide such a critical source of care in Sub-Saharan Africa often struggle to access financing to buy essential diagnostic equipment, modernize their facilities, or expand to reach more patients. As a result of the COVID-19 pandemic, financing has become even harder to access, and local businesses that make personal protective equipment also need financing to ramp up production to meet growing demand.

Solution and Impact

Financing to Medical Credit Fund is providing loans to many of these clinics in Ghana, Kenya, Nigeria, Tanzania, and Uganda, so that they can provide a higher level of care to a greater number of patients.

Medical Credit Fund has provided more than 4,000 loans to small hospitals, clinics, pharmacies, and diagnostic centers, and is now responding to COVID-19 by providing additional loans to clinics, and to manufacturers and distributors of supplies such as face masks, eye protection, gloves, gowns, and hand sanitizers.

In May 2020, Medical Credit Fund provided its first COVID-19 loan to Ansell Pharmaceuticals Limited, a Kenyan supplier of medical products that will help local clinics combat the pandemic. Ansell had been unable to obtain traditional bank financing to expand its operation.

Medical Credit Fund also combines financing support with training to help these small health businesses establish a strong track record of borrowing and repaying loans so that they can become eligible for larger loans from financial institutions. In response to the pandemic, it has worked to help small clinics set up COVID-related call centers and adopt other practices to maintain safety and help prevent disease spread.
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        U.S. International Development Finance Corporation1100 New York Ave NW, Washington, DC 20527Info@dfc.gov | +1 (202) 336-8400
                            
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