Tuesday October 4, 2022, from 9-10am EST
“Inside the deal” is our quarterly webinar series where we delve into the inner workings of real blended finance transactions. Each quarter, Convergence features a transaction from our case study portfolio and gives members an opportunity to candidly engage with the deal sponsor on their experience structuring the transaction.
This webinar will focus on the Medical Credit Fund. The Medical Credit Fund is the first and only debt fund dedicated to financing small- and medium-sized enterprises in the health sector (“health SMEs”) in Africa. Medical Credit Fund 1 (MCF 1) was established in 2009 and has an innovative ‘layered capital’ structure, blending catalytic firstloss capital, technical assistance grants, and debt financing. MCF1 provides local currency loans (in partnership with financial intermediaries and directly) alongside technical assistance grants, to ensure that the financing improves the quantity and quality of healthcare services available across Africa. A second fund MCF 2 has also been launched, and builds on the lessons from MCF 1.
This hour-long workshop will include:
- An overview of the fund design and fundraising experience from the MCF team
- Convergence-led Interview with key stakeholders involved in the transaction to discuss lessons learned thus far
- Open Q&A with audience
This member-only, in-depth case-study series has limited space to ensure a personal, intensive, and practice-driven learning experience. Each Convergence member organization has two complimentary seats to this session.
Recommended pre-reading: Medical Credit Fund Case Study