MAB Medical Centre

With a loan of EUR 250,000 dr. Jacob and his team will be able to buy a dialysis machine and a CT-scan.

  • Local partner investment
  • 50 new jobs
  • 200 people reached



48 months



Annual interest
Fully funded in 32 days on 7 January 2016.
+ 256 other investors

MAB Medicare Centre is a sole proprietorship Healthcare Concern registered in Ghana to operate as Medical Practitioner, Supplies of Pharmaceuticals and their allied products and medical equipment, and Medical Research. The center is an amalgamation of five (5) health facilities namely MAB main, MAB International Hospital, MAB Ablukuma, MAB Santa Maria and Megavest Medical Centre Limited. 

The facilities are managed by experienced medical doctors like Dr. Jacob Kwabena Mensah Akuamoah-Boateng (Medical Director) Dr. Victor Brakohiapa (The Deputy Medical Director), Dr. Mark Addo, Dr. Job Mbeki and many Physician Assistants. They handle all medical cases and have built a three storey modern hospital. Borrower has a total of 92 bed capacity hospitals and provides services to institutions like financial institutions, mining companies and many corporate institutions.

Both Centers have OPD, Admissions, General and Specialized surgical operations and a 24 – hour ambulance services including Anti and Post Natal Treatment. The Centers are accredited for district observed treatment course (DOTS) for TB clients under Global Funds.

Special Features

  1. Located in the largest and densely populated poor community in Accra where medical care centers do not abound.
  2. Accepts the National Health Insurance card contrary to other private hospitals
  3. It is the biggest chain of private health facility in that locality.
  4. The facility employs 280 individuals thus creating more jobs
  5. Has a training school for nurses with over 500 students
  6. It supports international humanitarian programs. For example it has been accreditation for the district observed treatment course (DOTS) for TB clients under Global Fund.
  7. It is the most complete private health facility. It competes with most public health facilities
  8. It is one of the biggest private structures in Accra located in a poor community.

Social Responsibility

  1. Free treatment for very poor clients especially antenatal about 800 of such patients are treated annually.
  2. Approved center for the free screening and treatment of TBC.
  3. Registers thousands of children under 18 years and aged people free for National Health Insurance Scheme (NHIS).
  4. Accepts National Health Insurance Scheme (NHIS) as a private hospital. Most private hospitals do not accept it due delay in payment of claims.
  5. Organizes free health camps for the treatment of specialist cases. Doctors from all over the world are assembled for this.
  6. Has expanded to 5 poor communities in Accra. Has opportunity to expand to rich communities but concentrates on the poor communities.
  7. Built five bus stops for the community.

It is MAB’s desire is to be a one-stop-shop for the provision of excellent health care delivery in Ghana and the world.

The first stage of construction is now complete and has resulted in the construction of a four storey building accommodating a new Emergency Department, one new operating theatre and 3 new 30-bed inpatient units.

Once subsequent phases are complete, the hospital will have two additional operating theatres, a ten-bed state-of-the-art Intensive Care Unit, three new inpatient units and a kidney transplant centre.

It will provide modern and specialized services such as:

  • MRI
  • X-ray with fluoroscopy
  • Dialysis
  • Limb fitting
  • Physiotherapy

  • dr Jacob: "Our goal is to be able to invest in health care equipment, such as kidney dialysis machines that will allow us to serve Ghanaians at home as opposed to having to send them abroad for treatment".

    Lendahand will provide the loan to dr Jacob and his team together with local partner ABii National. The loan will have to be repaid in 48 months.

    Security: mortgage over hospital building and a semi-detached Pharmacy Block Situate at, Darkuman, Nyamekye with FSV of GHS6,000,000

    Company nameMAB Medical Centre
    CEOdr Jacob Akuamoah Boateng

    Impact of this project

    • With this investment 50 jobs are created
    • With this investment 200 people are reached

    About the investment

    TypeLocal partner investment
    IssuerABii National
    Funding target€250,000
    Annual interest4.00%
    Maturity48 months
    Repayment periodSemiannually
    Terms and conditionsShow
    Note termsDownload

    About the risks

    What are the risks of investing money?

    Our local partners cover the risk of currency exchange rates and loan defaults. They do this by maintaining financial reserves for this purpose . In addition, there is an option to claim their equity if needed. While these measures are intended to minimize the risk to funders, our local partners face risks of their own that could effect their ability to secure a loan. These include: - bankruptcy - currency exchange rates - fraud - operational risks - political and regulatory changes - natural disasters or epidemics.

    If you invest direct in a company, hence not via a local partner, risks of default are not covered. As the risk that comes with direct lendings is generally higher than an investment through a local partner, the interest rate is also higher.

    There is also some operational risk at Lendahand. An example might be that Lendahand is unable to find shareholders to finance their activities. In such a case, Lendahand will handle outstanding loans at the best of its ability. At the same time, our ability to legally address non-payment from local partners becomes understandably difficult.

    How does Lendahand minimize the risks?

    Local partners must adhere to our mission and work with us to provide loans that are affordable. This insures that local entrepreneurs have access to financing that allows them to grow their business. A local partner must also have a track record. In other words, they must have proven themselves as a meso-credit provider for SMEs. This means (for instance) that the partner must have a solid credit portfolio, along with enough buffers and equity to compensate for unexpected downturns. We also check the organizational structure of the partner and how robust their (internal) procedures are. Finally, the loans that a local partner receives via Lendahand must be in proportion to the partner's total balance sheet. A healthy balance between effectuating influence and independence is crucial. If you would like to receive more information on the financial indicators we employ, please contact us via

    When currency exchange risks become too high for a local partner, Lendahand will urge the local partner to cover these risks. In some scenario's the local partner is contractually obliged to comply with these demands.

    Lendahand will always conduct due diligence when a Company requests for a direct loan. To provide more insights on risks, an independent partie comes in to perform brief analysis on direct loans. The results can be downloaded on the project detail page of the direct loan. However, this analysis serves primarily as a tool for your own opinion and conclusion. Pay attention to the fact this analysis is not an investing advice.

    Does Lendahand provide guarantee on the loans?

    Normally we don't. Local partners take care of the repayment, even if (some) entrepreneurs are unable to do so themselves. If the local partner is for some reason unable to repay then there is a chance of partial or full loss of your money. For this reason Lendahand only selects financially solid partners based on strict criteria.

    Also, for most direct loans no guarantee is provided. For these investments currency risks are covered however.

    Sometimes - and only for some direct investments in Africa - our partner Sida, part of the Swedish government, will provide a guarantee with a maximum of 50%. If this is the case, it will be indicated explicitly.

    Does Lendahand have a license or exemption?

    Yes. The Dutch Authority Financial Markets (AFM) has provided Hands-on B.V. (with trade name 'Lendahand') in September 2016 with an investment firm license in accordance with article 2:96 of the Financial Markets Supervision Act (Wft). Placing orders on Lendahand's website is therefore an AFM regulated activity. Lendahand also meets its minimum capital requirements of EUR 125,000 following its license as required by De Nederlandsche Bank (DNB).

    Lendahand uses an exemption from an approved prospectus that is available up to EUR 5 Million per year. 

    How safe are my personal details?

    We adhere to strict safety requirements with regards to private and payment details. All sensitive data is sent through an encrypted connection (https). Also, data is stored (encrypted) in a secured facility provided by AWS: the world largest hosting service. Customer documents can only be retrieved by a secured connection and multi-factor authentication.

    What happens if the local currency devaluates?

    Our local partners and Companies bear the exchange rate risks. We settle the loan, redemptions, and interest payments in euro.

    Does Lendahand use a third foundation fund?

    Lendahand works with Intersolve EGI: a Dutch financial institution that specialises in offering services in the field of payment settlement and electronic money. To be able to offer these financial services Intersolve EGI must comply with the applicable financial legislation. Intersolve EGI is therefore supervised by De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) and is in possession of a license to act as an Electronic Money Institution (and therefore also has a license as a Payment Institution). Your money will be deposited on a protected and secure bank account until the project you have invested in has been fully funded. Intersolve in no way has access to these funds. Once the project is fully funded, the money is transferred to the local partner or company in question.

    What happens with my money if Lendahand goes bankrupt?

    If Hands-On BV (containing the brand name Lendahand) would go bankrupt trades between Lendahand and payment service provider Intersolve EGI would cease immediately. Intersolve will then transfer the funds in your personal wallet to your bank account (Note: if at this time the project you have invested in has been fully funded and the money has thus been transferred to the local partner, these funds will not be transferred back to your bank account). Intersolve will then in consultation with a trustee handle all repayments between the investors and investees up until the final repayment of the last project has taken place.

    Additionally, Lendahand is part of the investor compensation scheme (ICS). This scheme aims to compensate individuals and small businesses who have trusted money and or financial instruments (such as notes or options) to a licensed bank, investment firm or a financial institution in case the financial firm is unable to meet its obligations arising from claims related to the investment service (in other words, if Hands-On BV is not keeping track of the acquired notes by investors in the Wge depot correctly). The ICS guarantees an amount of up to EUR 20,000 per individual. For more information, go to

    Why is my money going via Intersolve EGI?

    As part of the AFM license for investment firms it is required that operational activities carried out by Lendahand (maintaining the website, contracting of local partners, legal issues, etc.) are strictly separated from financial transactions (payments made through the website). Intersolve takes care of the payments. This collaboration offers you more security, since your money is placed on a protected bank account immediately after you have made your payment.

    What happens when a local partner goes bankrupt?

    When a local partner goes bankrupt, there will be a chance that you lose (part of) the amount you lend. Obviously Lendahand will try to recover outstanding payments, but the success rate will be limited in such situations. For the investor there is no possibility to take action against the financial institution. From a legal point of view the local partners are separated, therefore it is recommendable to spread loans across different local partners.

    About ABii National

    Portfolio Overview€5,679,594.45
    Equity / total assets0.42%
    Write-off ratio last 12 months0.00%
    % investment amount in arrears (>90 days)65.00%

    We have already contributed for MAB Medical Centre

    Frans Wittenberg
    A. Pronk
    Gert Baas
    Bart van Vliet
    Hans Bierhuis
    + and another