AFRICA MEDICAL EQUIPMENT FACILITY(AMEF)
AFRICA MEDICAL EQUIPMENT FACILITY(AMEF)
Co-op bank in collaboration with International Finance Corporation (IFC) and with original equipment manufacturers has developed a financing solution for enterprises in the medical sector. Africa Medical Equipment facility which supports clinics, hospitals, medical imaging centers, and laboratorY machines like MRIs, CT scans, etc.
The main objective of the partnership is to promote access to financing for SMEs in the healthcare space that would ordinarily struggle to get financing from Banks, especially due to a lack of collateral or financial skills, rendering them not able to put an acceptable financing proposal across to the Bank.
Why AMEF
| Policy | Normal Financing | AMEF Scheme |
|---|---|---|
| Financing | 60% of the total cost | 95% of the total cost |
| Interest Rate | 16% – 25% | 14% |
| Tenor | 36 months | 60 monthsÂ
3 months moratorium on principal |
| Appraisal fee | 3% | 1.5% |
| Security | Title deed | Self-securing |
| After sales support | None | Available from approved OEMs |
- Option to acquire new medical equipment from participating OEMs under the scheme.
- Access to renowned Original Equipment Manufacturers such as General Electric(GE), Philips, Karl Storz, and Getinge among others.
- Simplified documentation.
- Enhanced processing period (SLAs).
- Free periodic training from IFC.
- Access to multiple banking solutions from the bank.
- Dedicated relationship team.
Contact businessbanking@co-opbank.co.ke for more details.
