By Ann Brown
It was a personal loss that led Tanzanian businesswoman Lilian Makoi to come up with an affordable healthcare solution. She has co-founded a number of startups, but her biggest and most positive business venture to date is Jamii Africa .
Jamii Africa provides health insurance targeted at the low-income market, made up of people who earn less than $70 a month. Today, Jamii Africa has a potential of 47 million subscribers. The health insurance solution is much needed in Tanzania, where “the penetration of health insurance is as low as 4.5 percent and this makes the formal sector its only population. The main reason they have health insurance is because they get it as benefit from the employer,” She Leads Africa reports.
Jamii performs all the administrative activities of the insurer, helping cut insurance administration costs by 95 percent. This makes a health insurance product a lot cheaper — at around $1 a month.
Makoi says Click here to read entire article