BK Unveils Financing Initiative to Strengthen Rwanda's Healthcare

To improve access to essential medical equipment and supplies for both private and public healthcare facilities in Rwanda, Bank of Kigali has unveiled a new product named Medical Equipment Financing (MEF).

Officially launched on June 14 at the Kigali Serena Hotel, the product offers healthcare providers access to up to 80% of the equipment's cost, with flexible repayment terms of up to five years. The equipment itself serves as collateral, with no additional collateral required.

The innovative product follows a strategic partnership BK signed with VIEBEG Medical Ltd, a leading supplier of medical equipment and products, on June 6.

Through the partnership, VIEBEG will leverage their expertise and global network to not only supply cutting-edge medical equipment but also provide comprehensive lifetime maintenance and servicing, ensuring optimal equipment functionality.

Speaking during MEF launch, BK's CEO, Dr. Diane Karusisi, described the product as an important undertaking to improve the quality of healthcare and services delivered in Rwanda's health sector.

“This product is a significant step towards enhancing healthcare in Rwanda. By leveraging our partners’ advanced technology and expertise, we can provide vital financial solutions that directly address the needs of our healthcare providers,” she said.

BK Group CEO, Béata Uwamaliza Habyarimana, said launching the new product aligns with Rwanda’s development agenda to improve the healthcare system, adding that by making medical equipment more accessible, patients will receive proper treatment in a timely manner.

She added: “BK is committed to ensuring that you get the needed medical equipment and our BK Insurance will also provide the needed equipment insurance; but also BK Foundation has a commitment in supporting nursing skills development as part of its CSR contribution in the healthcare sector growth.”

VIEBEG Medical CEO, Alex Rosen, stated that while Rwanda has made progress in healthcare access, it is still far from where it needs to be.

“So, a partnership like this with BK is an opportunity to give back to the country and improve the life and wellbeing of everyone,” he said.