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| Family Bank CEO Rebecca Mbithi |
Family bank will be giving micro,small and medium medical enterprises (MSMMEs) a chance to access affordable loans in partnership with Wellwise Solutions, a healthcare consulting firm.
The bank has set aside ksh 1.3 billion shillings towards funding MSMMEs targeting around 2000 facilities in five years. Wellwise on the other hand is experienced in healthcare matters and will be able to identify the very deserving facilities to benefit.
"We believe that this provides a one-stop solution with easy access and reliable financing options for the private health sector, especially, during these tough economic times. Our main aim is to ease access to capital for private healthcare entrepreneurs hence promoting provision of quality essential healthcare services, acquisition of new technology and increase employment rate within the sector,” said Family Bank CEO Rebecca Mbithi
Healthcare facilities are already going through a hard time caused by the COVID-19 pandemic and therefore financial backup will be crucial.
The medical facilities will use the loans to buy medical equipments, pharmaceutical and non pharmaceuticals and also add their working capital base.
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