The MIT D-Lab Scale-Ups Fellowships program has awarded seed funding to six East African entrepreneurs. ClinicPesa's Chief Executive, Chrispinus Onyancha, is one of the entrepreneurs that received the seed funding of USD$20,000 (approx. UGX74.2 million).
Onyancha's ClinicPesa is a platform that places access to health care financing to individuals in East Africa to redeem medical bills, and buy medications at any ClinicPesa-registered clinic, hospital, or pharmacy.
Chrispinus Onyancha was the only Ugandan selected for this year's cohort. The five other social entrepreneur fellows included; Prince Prosper Tillya (Tanzania), Peter Mumo Nyamai (Kenya), Christian Mwilage (Tanzania), Dysmus Kisilu (Kenya), and Winnie Gitau (Kenya).
The MIT D-Lab Scale-Ups fellowship program supports social entrepreneurs and usher in poverty-alleviating products to market. The program also helps social ventures reduce risk and position their businesses for investment, partnership, and growth. Read the Entire Article
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Social investment arm of The Big Issue magazine, Big Issue Invest (BII), has loaned £75,000 to a Salford-based social enterprise, Social adVentures, to help it acquire a local day care nursery – Cheeky Monkeys.