Access to Finance for Healthcare Providers
Do you want to upgrade your facility, purchase new equipment or improve working capital?
Medical Credit Fund can assist you with the required capital, helping you to secure the quality of care and expand your business.
Our products
MCF DIGITAL LOAN
Looking for working capital? Borrow up to GHS 500,000 digitally. Applying for an MCF Digital loan is easy. No collateral is required, and repayment is flexible depending on your mobile money revenues. Benefits
- Borrow up to GHS 500,000 Depending on your digital revenues
- Easy application process Get your loan within a few days
- Automated repayments Through deductions from your incoming transactions
- No conventional collateral required Digital transactions serve as guarantee
- Flexible loan tenor Running up to 6 months
- Competitive interest rate Keeping health financing accessible
MCF TERM LOAN
Do you want to expand your business, upgrade your facility or purchase new equipment? We offer access to capital as well as business and quality support.
Benefits
- Flexible financing Structured to meet your needs with reasonable collateral requirements
- Short processing time A transparent process within a convenient timeframe
- Easily access to your loan Using your preferred bank
- Business strengthening support A range of services including support to develop your strategy or business plan
- Quality improvement services Access to SafeCare, our stepwise quality improvement program
- Competitive interest rate
Click here for the product features of MCF Digital Loan and MCF Term Loan.
Dr. Margaret Twum-Ocloo, Radiologist and owner, Oasis Medical Consult in Ghana
“I've tried to get a loan from a bank, it was a lot of hassle and in the end, it did not work out. Medical Credit Fund on the other hand, started by making an inventory of my needs to improve the quality services in my hospital. They encouraged me to improve the laboratory and work on my HR policies. Later they helped me to get a loan for a CT scan. This holistic approach works.”
Application
The Medical Credit Fund focuses on financing companies in the health sector in Sub-Saharan Africa serving a broad range of customers.
Who can apply
MCF DIGITAL LOAN
- You are an established and registered healthcare business, operating for at least 6 months
- You are a private company in the health sector. Click here for the list of eligible businesses
- You have a minimum of 3 months of mobile or digital revenues
- You accept mobile money and digital payments via the Kowri platform
MCF TERM LOAN
- You are an established and registered health business with a strong performance record
- You are a private company in the health sector. Click here for the list of eligible businesses
- Operating for at least 2 years with audited financial statements Note: MCF reviews applications of younger companies on request
How to apply
MCF DIGITAL LOAN
The MCF Digital loan application process is quick and easy. You will be requested to submit statements of the last 3 months of mobile or digital revenues. We analyze your digital revenues to establish your credit limit. For the first digital loan, we will also request additional documentation and information about your business as part of our onboarding procedures.
MCF TERM LOAN
The MCF Term Loan application process consists of three phases. In the screening phase, we will request you to submit general information about your business like ownership and directors, licenses and financial statements. In the next steps we will review your application and business needs against our credit criteria. After approval of your loan, we finalize the details leading to disbursement.
The next steps
Interested to know more about the application process? Click here for our contact details.
About Medical Credit Fund
Medical Credit Fund (MCF) is the first and only fund dedicated to debt financing for healthcare companies in Africa. As part of PharmAccess, our goal is to increase access to quality healthcare and stimulate investments in the health sector. MCF combines loans with technical assistance to strengthen businesses and improve services using the SafeCare methodology for quality improvement. MCF holds offices in four African countries (Ghana, Kenya, Nigeria and Tanzania) and is headquartered in The Netherlands. Clients in Uganda are served from the Kenyan office. MCF has successfully served clients since 2009, disbursing more than $150 million in loans to over 2,000 businesses. MCF was established in 2009 by PharmAccess as part of its approach to strengthen African health systems and connect more people to better healthcare. More than credit alone MCF Term Loans, facilitated by MCF, include a technical assistance program to strengthen your business and improve quality through pre- and post-investment support. Our advisors work with you to help you develop your growth strategy, identify the most effective areas of investment and improve the quality of healthcare services for your patients. The Technical Assistance programs for term loans are executed in partnership with SafeCare, which is also part of PharmAccess. Based on internationally accredited standards, SafeCare measures the quality of health business operations and provides a stepwise pathway for sustainable quality improvement. More information: www.safe-care.org
Where we work
Ghana / Nigeria / Uganda / Kenya / Tanzania
Interested? Please contact Medical Credit Fund for more information and details on the application process.
Contact details
General J. Hansen-Addy MCF Country Director +233 244463181 j.hansen-addy@medicalcreditfund.org
MCF Digital Loan L. Kornah Business Advisor +233 0544255737 l.kornah@medicalcreditfund.org
MCF Term Loan A. Ofebea Yirenkyi Business Advisor +233 209228249 a.yirenkyi@medicalcreditfund.org
Medical Credit Fund Ghana 5 Dakar Avenue, East-Legon, Accra-Ghana P.O. Box CT 10245 , East Cantonment +233 307 021 078 / +233 307 001 983 contactghana@medicalcreditfund.org www.medicalcreditfund.org