funding gap emerging markets
Kenya

Prodigy Healthcare Ltd 4

  • FinancialAccess
  • Local partner investment
  • + 265 other investors
  • With a loan of EUR 116,000 Prodigy Healthcare can continue to distribute more medicine and nutrition to rural locations.

    €116,000
    Amount
    6.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€116,000
    Interest6.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 hours on 15 May 2019.
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      Summary

      Note: this type of loan involves risks. Factoring is still in its infancy in Africa and the track record of such products is therefore limited.

      Credit risk is hedged through a combination of pledged invoices, credit guarantees and a 20% deposit, which the client builds up with Financial Access over a period of six months.

      Prodigy Healthcare Limited is a renowned supplier of medicines and usables in the medical and healthcare sector, with over 200 clients in the private sector, but the company also supplies to branches of the Kenyan government (incl. Kenyatta National Hospital, KEMSA, and Department of Defense).

      Prodigy was registered in April 2009. The company has its registered head office in Nairobi and operates branches in Mombasa and Kisumu. Dr. Gerald Oyugi and spouse Dr. Catherine Njeri are the main drivers behind Prodigy, and together have extensive experience in the medical and healthcare industry for over 25 years.

      Among Prodigy’s accreditations, the company is WHO Good Distribution Practices Certified by Bureau Veritas. It is also duly registered and licensed by the Kenya Pharmacy and Poisons Board and is widely recognized in the industry as a highly credible importer and distributor of medical supplies.

      The company’s range of products and services includes pharmaceuticals, advanced medical nutrition and infection control. They also provide affordable medication HIV / Aids, making life more bearable for many.

      Local partner Financial Access provides this loan with a maturity of 12 months. 

      Company nameProdigy Healthcare Ltd 4
      CEOCatherine Njeri Otieno
      Founded2009-01-01
      LocationNairobi
      SectorWholesale / Retail
      Turnover€1,555,777.67
      Employees25

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 5 jobs are created
      • With this investment 25 people are reached

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      We have already contributed for Prodigy Healthcare Ltd 4

      Gert Mosterd
      Trees van den Hoogen
      Eric Gerritsen
      Bas van de Haterd
      Aad Smits
      + and another
      265
      investors