As part of its effort to strengthen community healthcare in Nigeria, a philanthropic impact investment enterprise, eha Impact Ventures (EIV), has facilitated a $25,000 grant from a USA Family Donor-Advised Fund (DAF).
The grant, according to Evelyn Castle, CEO and Co-Founder of eha Impact Ventures, is a recognition of the impact of its portfolio company, EHA Clinics’, in increasing accessible community healthcare in the country.
The organisation has implemented an innovative funding method that enables philanthropic donations to support impact-driven businesses.
The primary healthcare hub comprises six health posts and community pharmacies to provide primary health care, childbirth & maternal care, home care, telemedicine, and pharmacy services to the community and its environs.
“Getting the DAF grant demonstrates our commitment and effectiveness in acquiring catalytic capital for our portfolio companies and our drive to support much-needed global healthcare initiatives across Africa,” Castle told BusinessDay in Abuja.
Read also: More funding as Afreximbank plans $60bn total asset in 6years
BusinessDay gathered that the $25,000 grant will be used to develop a new primary healthcare hub for the “Reaching Everyone with Accessible Community Health (REACH)”, Programme in Gyadi-Gyadi, Taurani, Kano, to serve an additional 2,000 people yearly.
Since 2019, REACH has served over 7,000 families and will impact 20,000 families by 2024.
“We are grateful for the recognition of our work and the opportunity to make a difference in the lives of Gyadi-Gyadi residents,” said Paul Hogan, VP/Chief Operating Officer at EHA Clinics, about the grant.
He added: “We recognise and appreciate our investor company, eha Impact Ventures (EIV), for their crucial role in facilitating this grant, and our local stakeholders, the Kano Emirates Council Committee on Health, who ensured that the services fit the unique needs and concerns of the Gyadi-Gyadi community.
“With their assistance, we secured a central location for our clinic with access to public transportation and a well-developed road network, making services accessible to residents.”
The philanthropic impact investing enterprise, eha Impact Ventures (EIV), supports early-stage, high-impact, women-led businesses in Africa.
Unlike traditional business financing, EIV offers flexible and innovative funding options paired with high-quality, local, and shared business resources to ensure business growth and success.
