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Quick Read: Ilara Health has secured a $1 million loan from the U.S. International Development Finance Corporation (DFC) to improve healthcare services in Kenya by enhancing private outpatient clinics. This funding will support investments in advanced diagnostic devices and pharmaceuticals for underserved communities. Additionally, Safi Organics received $237,500 from DFC for biochar manufacturing and affordable fertilizers.
Ilara Health has secured a $1 million loan from the United States International Development Finance Corporation (DFC). This funding aims to improve private outpatient clinics in Kenya by expanding access to advanced diagnostic devices, health technology, and pharmaceuticals.
The financial support will allow Ilara Health to enhance healthcare services in underserved communities, addressing critical gaps in the sector.
Recent Achievements and Growth
This milestone follows Ilara Health’s successful debt-equity pre-Series A funding round in 2024, where the company raised $4.2 million to expand its operations across Kenya.
Founded in 2019 by Emilian Popa (CEO), Maximilian Mancini, and Sameer Afzal Farooq, Ilara Health is on a mission to make healthcare more accessible. Initially, the company focused on leasing diagnostic equipment to private clinics. Over time, it has broadened its services to include the option to purchase pharmaceuticals and other essential items, such as hospital furniture, on credit.
Safi Organics Also Benefits from DFC Support
In addition to Ilara Health, Safi Organics, another Kenyan enterprise, has received $237,500 in technical assistance from DFC. This funding will help Safi Organics explore biochar manufacturing and develop high-quality, affordable fertilizers for local farmers.
The initiative also aims to create carbon credits from the biochar, providing an additional income stream for farmers while promoting sustainable practices.
DFC’s Broader Impact
Ilara Health and Safi Organics are part of DFC’s latest funding round, which has approved $3 billion for 22 projects worldwide. These projects address critical global priorities, including health, energy, food security, infrastructure, and small business development, while aligning with U.S. foreign policy objectives.
Since its inception five years ago, DFC has partnered with private enterprises to solve global challenges. The organization has invested in 114 countries, benefiting over 200 million people. Its efforts focus on building resilient supply chains, promoting energy security, and financing transformative infrastructure projects globally.
