SHOPS Plus works to increase access to finance for private sector health providers and to increase the number and types of health financing mechanisms available to private sector health providers in Senegal. The project works with private health providers to access loans through trainings, coaching, and technical support.
The project also works with banks to develop loan products adapted to the needs of private health care providers. Leveraging the Development Credit Authority (DCA) Loan Portfolio Guarantee to decrease the risk for financial providers lending to the private health sector is a key component of the project. SHOPS Plus is providing support to Ecobank Senegal, which targets large and medium-size companies, in using the DCA guarantee. In addition, SHOPS Plus is working with other financial institutions to help increase access to credit for health micro and small enterprises.