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Morale booster as medical credit fund crosses Sh1bn disbursement

Data shows that the Medical Credit Fund (MFC) reached a major milestone recently, crossing the Sh1 billion loan disburse (Sh 1,002,604,900 for the fiscal year 2020). FILE PHOTO | NMG

By  EDWARD OMETE

Data shows that the Medical Credit Fund (MFC), PharmAccess Foundation’s health entrepreneurs’ financing unit, reached a major milestone recently, crossing the Sh1 billion loan disburse (Sh 1,002,604,900 for the fiscal year 2020).

This an impressive loan book growth, especially for a non-bank entity. In 2016 the loan book stood at Sh 1,079,700, a pointer to the impressive climb in disbursements over the short period.

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Note: The results are not exact but very close to the actual.

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