Access Bank has announced a partnership with GE Healthcare Systems to facilitate a cost-efficient and flexible financing for healthcare providers as part of efforts to revitalize the health sector.
The finance scheme is specifically designed to address major challenges experienced by healthcare providers in accessing finance, including onerous documentation and stiff collateral requirements, huge financing cost, short loan periods amongst others. Access Bank will offer healthcare providers finance of up to N300 million towards the purchase of equipment from GE Healthcare.
Speaking on the partnership, Access Bank’s Group Managing Director, Herbert Wigwe, said the bank’s support is geared towards encouraging entrepreneurs to take advantage of the opportunities that lie within the sector.
“Healthcare financing schemes usually come with a lot of bottlenecks which make access to finance difficult for applicants, consequently slowing down the growth of the Nigerian health sector. At Access Bank, we have decided to encourage healthcare entrepreneurs at this time to take advantage of the opportunities that lie within the sector, offering them access to finance devoid of bottlenecks such as stiff collaterals, difficult documentations and so on.
“As a bank, we are committed to partnering with public and private sector stakeholders to ensure that the health sector is positioned to serve Nigerians in a manner that meets up with global best practices” he concluded.
