Updated Apr 22, 2020

clinicPesa/disruptive Healthcare Financing Solutions

https://clinicpesa.com/

Onyancha Chrispinus

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clinicPesa empowers every organization and every person to save lives and do more by taking the first step of setting aside funds dedicated for healthcare through our health saving and micro loans platform.

clinicPesa in patnership with MTN Uganad and Opportunity Bank leverages on mobile money technology to enable Users set-aside as low as $0.30 cumulatively giving roughly $15 monthly, this can foot a medical bill in Africa for a low income uninsured citizens. the process is seamless all a user is required to do is dial a USSD code *165*5# select clinicPesa and follow prompts or download the App o...
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clinicPesa in patnership with MTN Uganad and Opportunity Bank leverages on mobile money technology to enable Users set-aside as low as $0.30 cumulatively giving roughly $15 monthly, this can foot a medical bill in Africa for a low income uninsured citizens. the process is seamless all a user is required to do is dial a USSD code *165*5# select clinicPesa and follow prompts or download the App on play-store and login to clinicPesa. We have also automated the savings through our auto-save feature to boost savings behavior. The users earn annual interest on their savings to encourage usability of the platform. clinicPesa also extends micro loan-top-ups in case savings are not enough. The loans will be paid directly to healthcare facility account on request by healthcare Facility, credit worthiness is determined using mobile money transaction data for example sending and receiving money, payment of bills, airtime and data purchase, mobile banking. The loans are affordable and payable within 30 days
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Stage 4: Transition to Scale

clinicPesa systems have been fully developed and tested, all contracts and approvals have also been processed and we're now proceeding to customer acquisition and product awareness phase in partnership with MTN Uganda and Opportunity Bank.

Focus Areas:

Health, Inclusion and Digital Finance

Health, Inclusion and Digital FinanceSEE LESS

Implemented In:

Uganda

UgandaSEE LESS

1
Country Implemented In
10,000
Customers
33
Employees
$343,000
Funds Raised to Date
Verified Funding
?

Problem

The major problem is lack of access to healthcare financing for the uninsured low income earners; A great bias due to expiry of unused annual insurance premium, hence not re-subscribing which leaves them vulnerable when hit with sickness. Expensive health insurance premiums, currently ranging between USD 200 to USD 1500 per individual annually with income levels of less than $5 a day. Insurance under serve as they are focus on urban areas leaving out slams, rural and peri-urban areas.

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Solution

clinicPesa enables the uninsured low-income earners to save as low as USD 0.30 cumulatively dedicated for healthcare. This fund is utilised to offset their medical bill at the healthcare facilities and we extend micro-loans top-ups incase savings are not enough to cater for the medical bills. The credit worthiness is determined using mobile money transaction records. This enables affordability of healthcare, eliminates self-medication &poverty, increased doctor visits and antenatal visits.

Target Beneficiaries

Our core target beneficiaries are low and middle income earners who constitute over 80% of the overall population and are at the base of the pyramid (BOP), aged between 25-55 years, with women and children are the majority of our target beneficiaries. 80% are in the informal sector made up of unskilled workforce and earn an average income between $20 - $70 monthly with limited ability to afford the traditional insurance premiums.

Mission and Vision

Vision: To lead in innovative health solutions for protecting and empowering every person's health to secure livelihood. clinicPesa will enable; Increased Access to primary healthcare hence eliminating body resistance to drugs and addiction. Improved quality of healthcare. Reduced out of pocket expenditures and low dependency on government programs. Increased affordability of healthcare. Improved economic status as they nolonger have to sell their only source of livelihoods

Competitive Advantage

Convenience; - clinicPesa is accessed on the mobile money platform with/without internet connection. - clinicPesa facilitates real-time payments by patients promoting cash liquidity and seamless operations at healthcare facilities. - clinicPesa offers instant non-collateral loan disbursements that do require human intervention. Flexibility; - clinicPesa enabled users to save from as low as $0.3 on a daily, weekly, monthly basis or set a standing order for an autosave. - clinicPesa offers loan top-ups for medical bill settlement. - clinicPesa offers users a variety of healthcare service providers. Affordability; - clinicPesa transactions are free of charge to the customers. - clinicPesa’s customers saved funds do not expire but rather rolled over to the next financial year. - Saved funds through clinicPesa earns interest annually. Loans platforms charge interest of at least 9% while clinicPesa loans will be 5% or lower.

Planned Goals and Milestones

-A pilot in partnership with MTN Uganda and Opportunity Bank with 10,000 Users pre-scored on the system. -Key learnings and re-strategising in preparation for the grand product launch in Later in June -Grand product launch of clinicPesa to over 12 million MTN mobile money subscribers -Massive customer acquisition and awareness creation of clinicPesa. -Fundraising for scale up of clinicPesa in Uganda and other markets in Africa.
Funding Goal700,000
Projected Cumulative Lives Impacted1,400,000
New Implemented CountriesGhana, Nigeria
Recruit4 Management 5 Board
New FeatureEnable restocking of drugs and supplies through clinicPesa, online drug stores

The Team Behind the Innovation

clinicPesa was founded by two youth with one Female and other Male. Today, Our core team has diverse experience from Technology, Finance, Business strategy, Fundraising, Policy development, Governance and Implementation; and have received different Awards including Global Female fintech Award 2019, MIT Solve community Award 2018 among others. We also have members who have previously run and have invested heavily in the healthcare sector making us the right team for this job.

EXECUTIVE TEAM INCLUDES WOMEN

Milestone

May 2018
Funds RaisedVERIFIED
$40,000
Date Unknown
New Country Implemented In
Uganda

Supporting Materials

clinicPesa-2020-orientation-null.pdf