Penda Health

In brief

Penda Health is a chain of affordable medical centres in Nairobi, Kenya. They operate a network of medical centres that offer outpatient primary healthcare services up to 83% cheaper than those offered by other high-quality private healthcare providers. The company provides comprehensive outpatient health services, including obstetrics, gynaecology, dental services, lab testing, maternal health services and preventative care, among other primary healthcare services. Penda plans to open a network of over 100 medical centres across East Africa, ensuring that medical services are available to most of the underserved low-income consumers in the region.

Main development impact

The project's main development impacts come from providing high-quality and reasonably priced healthcare services in a country where the public healthcare system is extremely low in quality and cannot serve the entire population. The Penda Health services are designed to reach low-income, non-insured populations with a strong emphasis on women and children, most of whom would otherwise not have access to reliable healthcare services. The company is committed to providing quality services and constantly measures its performance through customer surveys and customer loyalty. The project company currently employs over 100 persons and is expected to increase its employees to over 500 persons in the course of the next three years.

Investment details

Name: Penda Health
Project number: 80000107
Region: Africa
Country: Kenya
Sector: Other sector
Signing date (month/year): July 2018
Currency: USD
Finnfund's financing (commitment): 2,495,225
Size of the project financing: USD 8,300,000
Share of Finnfund's financing (%): 30 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

July

Key facts

Name:

Penda Health

Sector:

Other sector

Region:

Africa

Country:

Kenya

Currency:

USD

Finnfund's financing (commitment):

2,495,225

Signing date (month/year):

July 2018

Last update:

May 2019