Access Bank has announced a partnership with GE Healthcare Systems to provide cost-efficient and flexible financing for healthcare providers as part of its efforts to encourage entrepreneurs to take advantage of the opportunities that lie within the 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.
Commenting on the scheme, Access Bank’s Group Managing Director, Herbert Wigwe, said the bank will offer healthcare providers finance of up to N300 million towards the purchase of equipment from GE Healthcare.
“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.
