Implementome logo

Digital Cash Advance for the health sector

Origin language: English
Cover image
Target population
N/A
BeneficiariesN/A
EvidenceN/A
Start date2016/12
End dateN/A
StageN/A
Country
Kenya
Coverage
National
Nb of implementation sites
250
Lead organization
Implementation partners

Health Focus Area
Others
Services
Diagnostics
Health financing services
Enabling technologies
N/A
Standards
JSON
Tools
N/A
Funding sources
N/A
Business model
N/A
Funders
Summary
Medical Credit Funds Digital Cash Advance is launching a mobile lending initiative aimed at the Kenyan health sector, offering a short-term loan facility for health SMEs. This innovative solution allows these small and medium enterprises to access uncollateralized loans using their digital revenues, overcoming obstacles associated with traditional bank financing. Since its start in December 2018, the program has distributed over 900 loans totaling $2.6 million to 200 borrowers, boasting an impressive 97% repayment rate. The focus areas of the initiative include improving health services through financial support.
Keywords
DHA
Publications
Insights - Lessons learnt
Challenges
N/A
Recommendations
N/A
Recommendations
Projects using similar services
Projects focusing on similar topics
Projects with similar insights
Any additional questions?
iDHA (Project ID)
4g3m92
Project links
N/A
Origin of information
N/A
Data source link
N/A
Added to the platform on
2024-11-11
Project editors
Last update by
Mirana Michelle on 2024-11-11
Number of views
16
WHO classifications
WHO LogoGeneva Digital Health Hub Logo