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About Paycient Finance
Every day, thousands of healthcare SMEs in Africa run out of cash to restock essential medicines, power their clinics, or fulfill orders. Traditional lenders demand collateral and paperwork these businesses often don’t have, while informal credit is expensive and unreliable. This financing gap results in stockouts, service disruptions, and reduced capacity to serve patients. At the same time, patients especially in low-income communities, struggle to afford essential healthcare services due to a lack of flexible, affordable payment options. Together, these barriers undermine access to quality care and worsen health outcomes in underserved areas.
Using transaction, inventory, and behavioral data, Paycient Finance provides fast, direct and embedded credit to healthcare SMEs, enabling them to purchase pharmaceutical inventory, solar assets, and medical equipment with manageable repayment plans. For patients, Paycient offers point-of-care installment payment solutions for non-emergency services such as dental care, surgeries, gynaecological care thereby easing out-of-pocket burdens. By integrating lending into existing supply chain flows and supporting both providers and patients through community engagement and capacity building, Paycient strengthens Africa’s last-mile healthcare system, improving care continuity, access, and affordability.
Core Benefits and Features
- Digital access to credit and savings services
- Personalized virtual accounts
- Transparent and fair costs, with no hidden fees
- No collateral required for loans
- Flexible use of funds
- No penalties for early repayment
- Good credit and consistent savings behaviour are rewarded
- Convenient repayment and savings deposits via card, direct debit or bank transfer
MediLoans
Paycient Boost
Paycient Boost allows individuals to access healthcare services and spread repayments over manageable installments, interest-free for up to 6 months. Providers are paid upfront while patients enjoy flexible financing.
Financing is disbursed to your healthcare provider.
Representative example: Treatment Cost: N1,000,000. Equity Contribution (50% upfront): N500,000. Amount Financed: N500,000. Monthly Repayment: N83,333 for 6 months (Interest-Free). Total amount repayable: N500,000. Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Order Boost
Order Boost enables healthcare SMEs to finance inventory and enjoy extended credit periods for their purchases. Suppliers and distributors receive immediate payment, empowering SMEs to buy more.
Financing is disbursed to the supplier.
Representative example: Loan amount of N1,000,000 borrowed for 3 months. Upfront Fee: 0% Terms and Conditions Apply. Monthly Interest Rate:4% flat i.e. N40,000 monthly. Total amount repayable: N1,120,000 (N373,333 monthly X 3). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Asset Boost
Asset Boost empowers healthcare SMEs to procure medical equipment and upgrade their facilities. It provides "asset" financing for healthcare SMEs empowering them to deliver quality care.
Financing is disbursed to the supplier.
Representative example: Loan amount of N1,000,000 borrowed for 6 months. Upfront Fee: 2% i.e. N20,000 (charged upfront, deducted from disbursement). Monthly Interest Rate: 4% flat. i.e. N40,000 monthly. Total amount repayable: N1,260,000 (i.e. N20,000 upfront + N206,667 monthly X 6). Fees are subject to change and will be affected by customer risk. Late repayment fees are applicable.
Documents Required
Individuals
- Company issued identity document
- Bank verification number (BVN)
- National Identity Number (NIN)
- Utility bill of home address
- Invoice from healthcare provider
- Bank statement (3 months)
Individuals
- Company issued identity document
- Bank verification number (BVN)
- National Identity Number (NIN)
- Utility bill of home address
- Invoice from healthcare provider
- Bank statement (3 months)
Sole proprietorships
- Government issued identity document
- Bank Verification Number
- Certificate of Business Registration
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Sole proprietorships
- Government issued identity document
- Bank Verification Number
- Certificate of Business Registration
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Limited liability companies
- Government issued identity document
- Bank Verification Number
- Certificate of Incorporation, CAC forms 02 and 07
- Board resolution to borrow
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
Limited liability companies
- Government issued identity document
- Bank Verification Number
- Certificate of Incorporation, CAC forms 02 and 07
- Board resolution to borrow
- Utility bill of business address
- Invoice of goods, drugs or consumables
- Annual facility and professional practice licenses
- Bank statements (6 months)
- Photo of the facility
- Business insurance documents
MediSavings
MediSave
MediSave is a flexible recurring contributory savings product that helps members save for healthcare businesses, emergencies and planned treatments, offering 10% annual yield on net savings with no minimum tenure or early liquidation penalty.
Representative Example: N100,000 held for 12 months will yield N10,000 or N9,100 net of withholding tax. Terms and conditions apply.
MediVest
MediVest is a fixed member contributory savings product that empowers members to grow their wealth by funding healthcare related projects, offering 22% annual yield with a 6-month minimum tenure and a 20% penalty on early liquidation.
Representative Example: N100,000 held for 12 months will yield N22,000 or N19,800 net of withholding tax. Terms and conditions apply.
MediVault
MediVault is a secure, fixed member contributory savings product that allows members to grow wealth by funding healthcare SMEs. It offers a 36% annual yield with a 12-month minimum tenure and a 20% penalty on early liquidation.
Representative Example: N100,000 held for 12 months will yield N36,000 or N32,400 net of withholding tax. Terms and conditions apply.
Target Customers and Benefits
Affordable loans to boost your healthcare business and elevate your patient care
- Set up a profile for recurring usage
- Transparent and fair costs, with no hidden fees
- Online application and disbursements
- No collaterals required
- Flexible use of funds
- No penalties for early repayment
- Repayment options: card, direct debit, bank transfers
Fuel customer loyalty and revenue growth with the tools and resources that increase their purchasing power.
- Free for distributors and wholesalers (Freemium service)
- Direct buyers to sign up for Paycient Finance.
- Your customers can apply for credit
- No collaterals required
- Prompt invoice payment with approved credit
- Direct payment to distributors
- Immediate payment for you, flexible payment for buyers
- Access financing for your healthcare needs with ease
Get financial support for healthcare expenses:- Transparent and fair pricing
- Convenient online application and disbursement
- No collaterals required and No penalties for early repayment
- Join our Member Healthcare Savings Cooperative
Build your savings to manage your health expenses or support others. Members enjoy:- Fexible and locked member healthcare savings plans.
- Pay conveniently for healthcare expenses.
- Group purchasing power for greater healthcare affordability.
- Simple setup for recurring usage
Enjoy seamless access to Mediloans and MediSavings plans whenever you need them.
