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Increasing access to affordable healthcare
Project
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Signature date
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Location
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Egypt
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Financing tool
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Financing amount (Euro)
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380000
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Financing details
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USD 400,000 loan
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Customer
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Al Mouneer for Medical Services, S.A.E
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Type of customer
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Company
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Country of headquarters
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Egypt
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Project number
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PEG1060
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Environmental and social ranking
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C
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco is supporting Almouneer, an innovative company that provides high-quality, low-cost eye care services.
Client presentation
In 2014, Noha Khater set up Almouneer Diabetic Eye Care, a chain of eye care clinics based in Cairo, with a new approach to prevent and treat blindness. Almouneer aims to improve eye care standards by using technology to provide low-cost services to people in need. In 2022, the company had 7 clinics in Egypt and had treated 61,000 patients from Egypt, Saudi Arabia, Sudan, Libya, Yemen and Ghana. Noha Khater was subsequently joined by Rania Kadry as CTO/co-founder. They are now considering how Almouneer can build on and further develop their technology platform for their growth.
Project description
Proparco is investing USD 400,000 in Almouneer through the Bridge Fund by Digital Africa to support the expansion of Almouneer’s “DRU” platform, which is specialized in treating patients with pre-diabetes, diabetes and obesity.
Project impact
The project will increase access to affordable healthcare.
The project will thereby contribute to SDG N° 3 “Good health and well-being by promoting access to quality healthcare”.