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.



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 months 

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.

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