Modupe Gbadeyanka
By Modupe Gbadeyanka
The desire of EHA Clinics to expand its services and offer affordable healthcare packages to people at all levels of the economy is coming to fruition as it has secured a loan from Stanbic IBTC.
The credit facility was obtained by eha Impact Ventures, the majority shareholder of EHA Clinics, by providing Letters of Credit to the lender to de-risk a $300,000 loan.
The healthcare provider aims to establish two new locations: Lekki, Lagos, and Lugbe, Abuja. The funds from the bank would be used to equip the clinics with high-quality medical items.
The new facilities in Abuja and Lagos are estimated to provide quality care to an additional 60,000 people annually.
“We are grateful for the partnership between EHA Impact Ventures and Stanbic IBTC, which facilitated this loan opportunity.
“In addition to the financial support, EHA Clinics is now able to build our credit history with the bank, which will allow for easier loan facilitation in the future,” the chief executive of EHA Clinics, Mr Adam Thompson, said.
His counterpart at eha Impact Ventures, Ms Evelyn Castle, while also commenting, said, “Improving access to quality healthcare in Nigeria is one of eha Impact Ventures’ major goals.
“To achieve the Sustainable Development Goals (SDGs), trillions of dollars of investment are needed. Philanthropy and impact investors alone are not going to be enough.
“Partnerships with progressive banks like Stanbic IBTC to develop and implement these innovative financial solutions will get us closer to closing the SDG funding gap.”
The Head of Specialized Sectors at Stanbic IBTC Bank, Ms Jane Ike-Okoli, noted that “the bank’s support is in line with our commitment to drive positive change and improve access to healthcare finance.
”As a growth partner, it is collaborations like these that allow us to demonstrate our support for the healthcare businesses in Nigeria by delivering flexible, innovative solutions through our strategic partnerships while fostering affordable quality healthcare service.”
On his part, the Head of Commercial Clients Coverage at Stanbic IBTC Bank, Mr Babatunde Akindele, also stated that “healthcare is a basic need that everyone should access easily.
“Stanbic IBTC is willing to support strategic partnerships such as this to improve healthcare infrastructure and enable qualitative service delivery, which will restore the hope of many Nigerians.”
EHA Clinics, through its innovative community-based programme, REACH, provides quality, evidence-based care and affordable medication to low-income urban populations.
Additionally, the company has developed an innovative technology backbone that allows for seamless integration between clinic facilities, and its HealthMate app provides customers direct access to EHA Clinics’ services, resources, and support.
