Updated Jan 17, 2019

Default inno

Arogya Finance

Arogya Finance is a social health care venture, which offers medical loans to the traditionallyun-bankable, using innovative risk assessment tools that allows them to finance people outside the formal banking system.

https://arogyafinance.com/

The innovation has no owner

CLAIM IT

Stage 5: Scaling

Focus Areas:

Health

HealthSEE LESS

Implemented In:

India

IndiaSEE LESS

1
Country Implemented In

Innovation Description

Using a new model for measuring credit worthiness and risk, Arogya Finance provides medical loans to the poor and informally employed population. Lending decisions can be made within three hours, rather than the seven to ten day wait of most traditional banks. This speed is critical in health emergencies. If approved, the Arogya pays the hospital or doctor directly and treatment can begin immediately.

Milestones

Jan 2014
Recognition ReceivedVERIFIED
2014 Innnovator Cohort
Date Unknown
New Country Implemented In
India