MediCoop CFI (“MediCoop”) is a registered Cooperative Financial Institution (CFI) (reg. no2015/014609/24), regulated as a deposit taking institution under the Co-operative Banks Act No 40 of 2007. Bound by its own constitution Membership of MediCoop is limited to health care professionals, health care workers and medical industry stakeholders and related parties.
MediCoop aims to be the leading Cooperative Bank for the health care sector in Africa and the business objectives are aimed at building a sustainable business based on the fast and efficient mobilizing of capital and provision of niche financing services in the health care industry.
The MediCoop CFI competitive edge hinges on its ability to bridge specific serious shortcomings in the banking and financing services offerings to the health care industry.
The MediCoop cooperative platform is ideal for balancing affordable and efficient finance provision to healthcare professionals, with the need for reasonable return, positive social impact and risk mandate requirement of healthcare capital providers;
MediCoop has, via its member network, the distinct advantage of a deeper understanding of the industry / specialization / operational risks and opportunities in healthcare. The value proposition is to provide specific niche cooperative banking and value added finance services to healthcare professionals, medical practices, medical facilities and other healthcare stakeholders.