This is discussion about Providing affordable loans and quality upgrades to private health SMEs.
I see that loans are granted in US dollars. The currency risks are sunstantial, especially for the borrower. Are you aware that there is a possibility to minimise this risk and the cost?
I am referring tot the TCX bank. A friend of mine is the managing director. Let me know if u like an introduction. It is in Holland so it will not take a lot of time to speak with him
Thanks for your question and suggestion.
Actually, we don’t lend in US dollars, but in local currency. Otherwise it wouldn’t work for our potential borrowers. However, this means that as a Fund we face a significant currency risk. We have been in touch regularly with the TCX MD here in Amsterdam about this already.
Thanks a lot anyhow for your thoughts on this!
Outstanding idea to ensure low-cost, high quality, affordable health care in resource-limited settings. Innovations like this are essential to create equitable and sustainable health care. Congratulations - and thanks.
On October 27, 2010, the judges reviewed entries for the Changemakers G-20 SME Finance Challenge competition and would like to pass on the following feedback for your entry (below). Thank you for applying and for your hard work in the field. We are excited to archive your entry to serve as a leading solution for the worldwide community of innovators. We wish you continued luck with your innovative, sustainable, and socially impactful initiatives.
All the best,
The Changemakers Team
This is an important innovation, as private clinics are an almost entirely unfinanced sector today. The social impact here could be enormous. If it could be demonstrated that it is sustainable, this opens an area where financing is totally unavailable.
The complementary service to track performance in order to make sure that the risk can be managed is also an innovative feature. Nevertheless, it would be interesting to see more evidence that this project will be financially sustainable. If they can pull it off, it is a creative and intriguing idea.