ong>Theong> ong>Bankingong> on Health Projectis a USAID-funded project that improves theability of private health sector businesses toaccess credit, thereby expanding their capacityto deliver high-quality reproductive health andfamily planning services.ong>Theong> Role of the ong>Bankingong> on Health ProjectCredit is an engine of growth that drives private sector development. Financing isan essential input that assists the private sector to expand the range and types ofservices, enter new markets and improve services. In many countries in thedeveloping world, the private health sector is not able to access financing fromlocal financial institutions. Many banks are inexperienced with the private healthsector and believe that it poses unacceptable risk. For their part, many private healthcare businesses do not command the business skills needed to develop a bankablebusiness plan.How We Workong>Theong> ong>Bankingong> on Health Project takes a two-pronged approach to increasing accessto financing by:lWorking with local financial institutions to promote health sector lendingl Improving credit-readiness among private health care businessesCenter cover photography by Giacomo Pirozzi for Panos
Expanding Private MidwifePractices in the PhilippinesPrivate midwives in the Philippines are poisedto play an important role in the private sectordelivery of reproductive health, family planning,and other health services. ong>Bankingong> on Health identifiedlarge variations in the development of private midwiferyin the Philippines and noted that access to finance isan important constraint to the further growth of thissector. To overcome finance constraints, ong>Bankingong>on Health designed a technical assistance packagetailored to financial institutions and private midwives.For example, the project developed a course entitled“Financing the Health Care Business: ong>Theong> Case of thePrivate Midwife Clinic” and delivered it to bankers fromeight financial institutions in order to promote lending.ong>Bankingong> on Health is also working with a microfinancebank to support the use of a DCA guarantee for loansto private midwives. In addition, ong>Bankingong> on Health hasdesigned and delivered training to private midwives infinancial record keeping, financial management, andaccessing financing. ong>Theong> training provides importantloan and contact information for local financing sourcesand guides midwives in establishing goals relatedto the achievement of the Philippines Department ofHealth’s “Birthing Home” requirements.