SHOPS Plus is working with AccèsBanque Madagascar and Baobab Bank Madagascar (formerly Microcred Banque Madagascar) whose core target groups are micro, small- and medium-sized enterprises. Together, the project and the banks are creating and piloting low-cost loan products suitable for private health clinics, hospitals, pharmacies, provider networks, and WASH sector actors in Madagascar. The project also works with the banks to support the use and monitoring of USAID’s Development Credit Authority loan guarantees for clinics. The Development Credit Authority is a credit guarantee program that encourages lending to businesses—predominantly micro, small, and medium enterprises. The guarantee serves to stimulate commercial investment in health care to improve access to and quality of services.
In addition to working with the banks to facilitate lending, SHOPS Plus providers business and financial management training to private health providers and WASH actors. This training aims to help providers better manage their businesses, and helps them plan to open facilities, purchase equipment or other important inputs, apply for loans, and otherwise save for business improvements. SHOPS Plus also offers one-on-one business coaching for providers and WASH actors to complement its trainings. To date SHOPS Plus has trained and coached over 430 providers in business and financial management.
Learn more about provider access to finance.