Investment: Salud Fácil
Many people in Mexico suffer from a severe lack of healthcare access. Estimates show that current government-owned healthcare services should be three times larger to address these existing needs. This situation leads to substantial delays, with many people going untreated each year. The OECD reported that Mexico displays one of the lowest hospital beds per 1000 population ratio, at 1.7 compared to the OECD average of 5.
Company's inception year: 2013
KOIS investment year: 2016
Target population: Mexican low-income patients, doctors, hospitals and clinics
About Salud Fácil
Salud Fácil serves as an intermediary between low-income populations, low-cost but qualitative private hospitals and clinics and financial institutions. It offers a credit marketplace providing individuals with low-cost credit to allow them to enter hospitals and clinics with excess capacity.
Salud Fácil has partnered with government-owned institution InFonacot, providing a credit application process to low-income populations, through which they may be eligible for low-cost financing from InFonacot. More recently, Salud Fácil has launched a new healthcare equipment leasing service for doctors, clinics and hospitals, which is expected to keep on growing rapidly. The leasing model focuses on dental, ophthalmology, imaging and physical rehabilitation equipment, allowing healthcare professionals to offer their patients best in class diagnosis equipment.
KOIS invested in Salud Fácil in 2016 because it addresses people at the bottom of the pyramid's growing need for affordable yet qualitative healthcare. Indeed, Salud Fácil model impacts low-income patients both directly and indirectly, by financing more and more doctors and hospitals to enable them to upgrade their equipment and provide better quality healthcare services. Furthermore, to drive even more impact, doctors and clinics are encouraged to identify and approve low-income patients as potential beneficiaries for Salud Fácil, to get payment discounts on their equipment.
Salud Fácil's impact in 2019
150K MXP average loan size
33M MXP medical equipment loans for healthcare professionals
10M MXP credits provided to specialty patients
For more info on Salud Fácil, visit https://saludfacil.org/