Medical Credit Fund II
Introduction
Medical Credit Fund II focuses on financing and training for small and medium-sized enterprises in the healthcare sector. Investments are primarily made in sub-Saharan Africa, for example in Ghana, Kenya and Tanzania.
Swedfund's investment contributes to increased access to healthcare for women and children, including safe and affordable medicines.
Swedfund qualified the investment in Medical Credit Fund II for the 2X Challenge in 2021.
Read more in our press release: Swedfund supports health entrepreneurs in Sub-Saharan Africa
Facts
SDGs in focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Value creation
Our Impact
The investment enhances access to capital for small and medium-sized enterprises in the health sector to increase access to primary and specialised care. The investment contributes to women's economic empowerment by promoting female leadership, creating jobs for women and offering products and services that benefit women and girls.
ESG
We are working closely with the fund manager to, among other things, develop their environmental and social management system to address issues related to human rights and climate risks. We are also working closely with the fund manager to strengthen their anti-corruption management system.
Additionality
Our investment is financially additional as we invest in challenging contexts where access to capital is limited, poverty rates are high, the business climate is challenging and as it is expected to help mobilise capital. The investment is value additional through a strong focus on active value creation during the investment phase, where sustainability, environmental and social issues and corporate governance are prioritised.