Kowri, Medical Credit Fund Unite to Launch Digital Loans for Health Facilities

On the 26th of September, 2023 at Alisa Hotel, a transformative collaboration between Kowri and the Medical Credit Fund (MCF) takes a giant leap forward as they proudly announce the official launch of the Digital Loans for Health Facilities. This groundbreaking initiative is set to revitalize the healthcare sector by providing essential financial support to health facilities, allowing them to flourish and continue serving their communities with unparalleled excellence.

Charles Kollo, Chief Marketing Officer at Kowri, expressed his enthusiasm for this momentous occasion, saying, “Today marks a significant milestone in our journey to usher healthcare into a more prosperous and sustainable era. Our collaboration with MCF has been nothing short of transformative, and we have brought a real innovation. Both Kowri and MCF share a vision: to empower health facilities with the necessary resources to grow, adapt, and serve their communities with unparalleled excellence. This shared vision has culminated in the launch of the Digital Loans for Health Facilities.”

Mrs. Nancy Ampah, Chairperson of the event, emphasized, “This collaboration represents a steadfast commitment to providing accessible finance to the healthcare sector, which is undeniably the bedrock of our society. “The healthcare sector stands at the forefront of technical innovation, and it is imperative that financial services support its growth. The Digital Loans for Health Facilities initiative is a testament to this commitment.”

In this collaborative effort, the loans extended to health facilities are collateral-free. To access the loan, facilities simply need to be using Kowri’s services, and they must continue using the platform as loans are paid off incrementally with each transaction conducted at the health facility.

Mr. Arjan Poels, Managing Director of the Medical Credit Fund, shed light on the profound impact of this initiative, stating, “In the past 14 years, we have financed over 2,000 healthcare providers. During this time, we’ve learned that there is a significant gap in the healthcare industry that needs to be bridged. The Digital Loan is designed to fill this gap and ensure that healthcare providers have the financial resources needed to keep their facilities running efficiently. Our purpose is clear: to support and help.”

The Digital Loans for Health Facilities initiative is set to empower healthcare providers, enabling them to enhance their services and meet the evolving needs of their communities, and has been in the works for close to 2 years with a pilot phase run in the past 24 months with 10 selected facilities. This launch marks a turning point in healthcare financing, reaffirming the commitment of Kowri to transform the African Middle Class by providing best-in-class financial tools and services.

 

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