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Health4Moni Providing affordable health insurance to low-income Nigerians

Cover image of Health4Moni, Healthcare venture on VC4A

Health4Moni is an healthtech social enterprise providing affordable health insurance to low-income informal sector Nigerians using the daily contributions model (popularly known as the ‘ajo/esusu’ system locally). With just 20 cents/#200 daily contributions, the market woman or mechanic who earns below $1.90-$2.15 per day receives a full-fledged health insurance that gives them access to quality healthcare whenever needed without fear of financial risk/burden.

Our users have access to a savings net and investment opportunities to grow wealth and eradicate poverty. We are literally killing two birds; unaffordable healthcare & poverty with one stone. At 30,000+ users, Health4Moni will have hit $1m revenue.

According to the National Demographic Health Survey 2018, less than 5% of the Nigerian population have health insurance impeding the access of Nigerians to needed healthcare services. By 2030, we hope to have provided affordable health insurance to 20 million low-income Nig

SectorsHealthcare, Insurance
LocationIbadan, Nigeria
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