Fidelity Bank has launched a new product called MediLoan, targeted at healthcare operators in the private sector.
The Fidelity MediLoan is offered to private hospitals to enable them give the best healthcare needed to its patients.
In an interview with Citi Business News Managing Director of Fidelity Bank Jim Baiden said health is one area that needs extra attention and funds thus, the idea to introduce the MediLoan.
“There are a lot of operators in the healthcare sector that needs working capital and money to procure equipment. Some also need money to upgrade their facilities and these resources are difficult to come by and therefore Fidelity is extending a hand to all healthcare private sector operators to let them know they can access the facility” he said.
He added that the establishment of a loan credit facility for the health sector is long overdue.
“We think it is long overdue. The requirements are not any different from the requirement of any other loan product. You apply for the facility, it will go through our credit screening and then we can approve when every step is concluded within a period of seven to fourteen days” he explained.
Mr. Baiden stated that the move is aimed at assisting government in ensuring better health care for Ghanaians.
“We know that the government alone cannot provide healthcare for our people. The need is bigger than all the facilities together. Our people need more facilities and therefore this initiative is to provide the needed funding for the private sector operators be it the private clinics, hospitals or pharmacies. We can also through this upgrade our health facilities in order to deliver better healthcare in this country”.
The Fidelity MediLoan is jointly designed with the medical credit fund of the Netherlands to make available money to promote the private sector.
By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana