Health Sector has been one of the main sectors that has largely been ignored by
financial institutions. The general perception on assets within health sector is
the equipment is specialized. The financing of acquisition of these assets is either
on shorter term facilities and/or with provision of additional collateral.
Challenges encountered in seeking finance in this sector include;
- Need for collateral
- Erractic banking habits
- Corporate governance
- Lack of funds to cover auxilliary services and accessories to power
the equipment required
- Facility terms not aligned to business operations such as monthly
repayments against longer debtor cycles
