Medical Credit Fund

What Medical Credit Fund does

Medical Credit Fund (Stichting Medical Credit Fund) is a Dutch-registered not-for-profit foundation established in Amsterdam and operational since 2009, with a parent entity of Stichting PharmAccess Group Foundation. It provides loans and technical assistance to private healthcare providers in sub-Saharan Africa, operating country programs in Ghana, Kenya, Nigeria, Tanzania, and Uganda with field offices in each market. Its core customer segment is healthcare SMEs — clinics, pharmacies, diagnostic centers, and equipment suppliers — that lack access to conventional bank financing due to informal structures and limited collateral.

MCF's product suite consists of Term Loans (for equipment, construction, and renovation), Digital Loans (Mobile Asset Finance and Working Capital) accessed via mobile phone with no conventional collateral, the Afya Mkopo product in Tanzania launched in partnership with Vodacom, and a Claims Advance product tied to insurance claims processors. The underlying technology stack combines a mobile-based digital lending platform, automated repayments via M-Pesa Lipa Namba, and the SafeCare Quality Platform — a proprietary stepwise quality improvement tool with digital scoring, real-time data, and gamified feedback for healthcare borrowers. Cumulative disbursements reached €200 million to roughly 2,000 loans and over 900 distinct healthcare providers, serving more than 1.3 million patients per month.

The fund monetizes through interest on loans (36% headline rate on Ghana and Tanzania digital products), a 3% processing fee on digital disbursements, and reinvested returns from impact capital provided by backers led by CDC Group / British International Investment, with prior support from the European Investment Bank. Distribution combines direct field lending teams in each country with mobile self-serve digital channels and partner referrals through PharmAccess, SafeCare, and telecom operators. The fund holds ANBI (Dutch Public Benefit Organization) status and has earned ImpactAssets 50 Emeritus Impact Manager recognition for 10+ consecutive years.

Name

Medical Credit Fund

Legal name

Stichting Medical Credit Fund

Website

https://medicalcreditfund.org

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Medical Credit Fund is a Dutch not-for-profit foundation that provides loans and technical assistance to private healthcare providers and SMEs in Ghana, Kenya, Nigeria, Tanzania, and Uganda, combining digital mobile lending via M-Pesa with SafeCare quality improvement support.

Ownership category

akta.pro rank

Product category

Healthcare Lending

NAICS

Other Nondepository Credit Intermediation (52229), Credit Intermediation and Related Activities (522)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), Healthcare & Medical POS Financing (FSAKAFAI)

Keywords

• Healthcare lending
• Impact finance
• Small business loans
• Digital microfinance
• Medical equipment financing

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest Income: Medical Credit Fund generates revenue through interest charged on loans disbursed to healthcare providers. The fund offers various loan products including term loans, digital loans, working capital, and equipment financing with competitive interest rates.
2. Processing Fees: Processing fees charged on loan applications, typically 3% of the loan amount. Digital loan products in Kenya and Tanzania charge 3% processing fee plus interest.
3. Investment Returns: As a not-for-profit foundation supported by CDC Group and other investors, Medical Credit Fund mobilizes public and private resources for healthcare financing. Returns are reinvested to expand lending capacity.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Medical Credit Fund provides loans and technical assistance to private healthcare providers in sub-Saharan Africa. Its product set includes Term Loans for facility expansion and equipment, Digital Loans (Mobile Asset Finance and Working Capital) accessible via mobile phone with no conventional collateral, and Afya Mkopo, a digital lending solution in Tanzania offered with Vodacom. All borrowers receive accompanying technical assistance and SafeCare quality improvement support.

Product overview

Medical Credit Fund provides loans and technical assistance to private healthcare providers in sub-Saharan Africa. The core offering consists of Term Loans for equipment and facility investments, Digital Loans (Mobile Asset Finance and Working Capital) accessible via mobile phone with no collateral requirements, and Afya Mkopo in Tanzania. All borrowers receive Technical Assistance including SafeCare quality improvement methodology. The fund has disbursed over €200 million to healthcare providers across sub-Saharan Africa, with digital loans expanded to Kenya and Tanzania.

Differentiator

Problem solved

Functional benefit

Brands

• Afya Mkopo: A digital lending solution designed specifically for health small and medium enterprises (SMEs) in Tanzania, launched in partnership with Vodacom. It requires no collateral and uses M-Pesa Lipa Namba for repayments.

Products and services

• Term Loan Flexible term financing for medical equipment investment, construction, renovation, and facility upgrades for established healthcare providers. Includes equipment procurement advice, support for long-term investment plans, and access to the SafeCare Quality Improvement program.
• Digital Loan - Mobile Asset Finance Mobile-based financing for medical equipment and technology investments aimed at healthcare SMEs. Requires no conventional collateral, with automated repayments deducted from incoming mobile transactions.
• Digital Working Capital Loan Short-term working capital financing accessible via mobile phone with no conventional collateral required. Installments are automatically deducted from incoming mobile or digital revenues.
• Term Loan - Claims Advance Working capital facility based on insurance claims submitted through a claims processor's platform. Provides liquidity tied to claims and a seven-month contract period.
• Afya Mkopo Digital lending solution designed specifically for health SMEs in Tanzania, offered in partnership with Vodacom. No collateral is required and repayments are processed through M-Pesa Lipa Namba.

Quantifiable outcome

• Over 1.3 million patients served per month through funded healthcare facilities
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Vodacom TanzaniacoreStrategic or Co-development Partner · 1 December 2025Partnership to launch Afya Mkopo digital lending solution for health SMEs in Tanzania. Vodacom enables mobile-based loan applications and repayments through M-Pesa Lipa Namba, making financing more accessible for healthcare providers.
• PharmAccess FoundationcoreStrategic or Co-development PartnerPharmAccess mobilizes public and private resources for the benefit of doctors and patients through clinical standards and quality improvements, loans for healthcare providers, health insurance, mHealth innovations and operational research. Medical Credit Fund is closely affiliated with PharmAccess Foundation.
• SafeCarecoreTechnology or IntegrationSafeCare is the quality improvement partner for Medical Credit Fund. SafeCare provides stepwise quality improvement assessments built on internationally accredited standards, helping identify and tackle gaps in care delivery. The SafeCare interactive Quality Platform engages healthcare providers with digital tools and real-time data.
• Forvis MazarsminorOthersAccounting firm handling implementation of accounting and preparation of financial statements for Medical Credit Fund, outsourced from the organization.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• MedAccess: MedAccess is a not-for-profit that facilitates affordable access to medicines and health products in low- and middle-income countries through volume guarantees and procurement financing. It is directly comparable to Medical Credit Fund as a healthcare-focused financing entity serving emerging markets, though MedAccess focuses upstream on product supply rather than downstream provider lending.
• GroFin: GroFin is a development financier that provides loans and business support to small and growing businesses across Africa and the Middle East, with healthcare as a key vertical. It is directly comparable to MCF as an SME lender in sub-Saharan Africa serving underserved entrepreneurs, with similar ticket sizes and impact orientation.

Broad incumbents

• FMO (Dutch Entrepreneurial Development Bank): FMO is the Dutch development bank investing in private sector growth in emerging markets with a significant healthcare portfolio across Africa. It is broadly comparable to MCF as a Dutch-headquartered DFI supporting healthcare SMEs, though FMO operates across many sectors and geographies with substantially larger capital.
• International Finance Corporation (IFC): IFC, the private sector arm of the World Bank Group, invests across emerging markets including healthcare provider financing in Africa. It is broadly comparable as a large DFI backing healthcare SMEs in sub-Saharan Africa, but operates at much larger ticket sizes and broader sector coverage than MCF.
• Acumen: Acumen is a global impact investor that provides patient capital and business support to companies serving low-income customers, including healthcare SMEs in East Africa. It is broadly comparable as an impact investor with healthcare Africa exposure, though it primarily takes equity stakes while MCF provides debt financing.
• DEG (KfW Development Finance): DEG is KfW's development finance institution financing private enterprises in emerging markets, with healthcare as a strategic priority across Africa. It is broadly comparable to MCF as a European DFI supporting African healthcare enterprises, but at larger ticket sizes and across all sectors.

Others

• British International Investment (formerly CDC Group): BII is the UK's development finance institution and a major direct investor in Medical Credit Fund. While it is MCF's largest disclosed institutional backer rather than a direct competitor, it is a meaningful comparable given its parallel healthcare investment activities across sub-Saharan Africa.
• PharmAccess Foundation: PharmAccess Foundation is MCF's parent organization and operates an integrated ecosystem of healthcare financing, quality improvement, insurance, and digital health in Africa. While not a peer in the traditional competitive sense, it is the closest ecosystem partner and shares MCF's core mission and target market.

Emerging players

• Kiva: Kiva is a global crowdfunding platform enabling crowdfunded microloans to underserved entrepreneurs, including healthcare SMEs in Africa. It is an emerging comparable as a digital, low-collateral lending platform serving similar end-borrower profiles, though Kiva is a marketplace while MCF is a direct lender.
• Lendahand: Lendahand is a Dutch-based crowdfunding platform providing debt financing to SMEs in emerging markets, including health and impact-driven enterprises. It is an emerging comparable as a European-headquartered digital lender targeting impact-oriented SMEs in Africa, though at smaller ticket sizes and without MCF's integrated quality improvement offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/medical-credit-fund-pharmaccess-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medical Credit Fund