Project detail - STICHTING MEDICAL CREDIT FUND

STICHTING MEDICAL CREDIT FUND

Status: Approved investment
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Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Stichting Medical Credit Fund as fund manager of Medical Credit Fund Coöperatief U.A. (MCF), a Dutch entity affiliated with the PharmAccess Group, a Dutch NGO with a focus on making inclusive health markets work in sub-Saharan Africa.

What is our funding objective?

MCF will set up a Technical Assistance (TA) Facility to expand its reach and impact by developing a new digital product, contribute to strengthening the health ecosystem in Sub-Saharan Africa and improve the business and quality performance of health SMEs.

Why do we fund this investment?

MCF focuses on health SMEs and combines innovative financing solutions with technical assistance and training on business and quality improvement, which is crucial in the current circumstances.

What is the Environmental and Social categorization rationale?

N/A

Region
Africa
Country
Africa
Sector
Financial Institutions
Effective date
6/14/2022
Total FMO financing
EUR 0.16 MLN
Funding
MASSIF