Stanbic IBTC Upgrades Short-term Loan Solution In Healthcare

The growth of the Nigerian healthcare sector rests on impactful and innovative finance solutions positioned to create a level playing field for businesses to thrive, even as Stanbic IBTC, a subsidiary of Stanbic IBTC Holdings, has upgraded its short-term loan solution within the healthcare value chain, as effort to improve the sector.
This upgrade ensures a flexible repayment period, with affordable interest rate and zero collateral to enable sector players access better financing and achieve optimal service delivery.

The healthcare short-term loan, which now offers a longer tenor of 12 months, affordable interest rate and zero collateral will foster more investment in the sector and enhance strategic relationships to generate new businesses.

Speaking at the Medic West Africa Conference, head, specialised sectors, Stanbic IBTC Bank, Jane Ike-Okoli, noted that, effective collaboration between the financial institutions and healthcare organisations is key to advancing Nigeria’s health sector.

Ike-Okoli advised financial institutions to be more intentional about complementing the government’s efforts. She said: “Stanbic IBTC has a comprehensive understanding of the healthcare industry and its intricacies. This knowledge inspires us to continue to design innovative yet affordable solutions to boost healthcare businesses across the country.”

Despite Nigeria being Africa’s largest healthcare market, the head of specialised sectors, disclosed that, challenges in the health sector which include inadequate healthcare infrastructure and insufficient financing, persist.