October 3, 2022
Banyan Global is a subawardee to KOIS Invest, an impact finance firm, under the United States Agency for International Development (USAID)-funded INVEST project, managed globally by DAI Global, LLC. Through INVEST in Tanzania, Banyan Global has worked with KOIS to design and create a sustainable, blended finance instrument that will address working capital needs of faith-based hospitals and health care facilities. Faith-based organizations deliver 44 percent of Tanzania’s healthcare, and this investment fund will help facilitate an organizational shift in faith-based hospitals and health care facilities toward a more sustainable and independent business model. Banyan Global conducted a capacity-building training for the fund manager in August 2022, and KOIS is continuing to prospect potential investors for the fund.