Access to quality healthcare remains a pressing issue in Uganda, where high poverty rates and limited insurance uptake leave many citizens vulnerable to financial ruin due to medical emergencies. Peleyta Health is stepping up to address this gap by harnessing the power of FinTech to create affordable healthcare insurance products tailored for low-income earners.
Peleyta Health offers a flexible and convenient platform that enables users to prepare for and afford quality healthcare through digital micro-savings and lending. The platform is designed to help individuals save as little as UGX 500 daily, which can be accessed to cover medical expenses at registered healthcare facilities.
Douglas Smith, Co-Founder and COO of Peleyta, emphasizes the importance of their mission: “Healthcare bills should not hurt more than the sickness itself. Insurance penetration in Africa is very low—under 2 percent—and in Uganda, it stands below 1 percent. We are helping uninsured low-income earners prepare for and afford quality healthcare services anywhere, anytime.”
How Peleyta Health works
Getting started with Peleyta is straightforward. Users can download the Peleyta App or visit their website to register. Once registered, members gain access to a savings account that they can fund on a daily, weekly, or monthly basis. This account not only helps them save for healthcare but also earns interest at the end of each month.
In cases where medical bills exceed the available savings, Peleyta provides a microloan top-up, allowing users to settle their bills and repay the loan in manageable installments.
Smith notes, “Ever since we launched, we have had an amazing journey. So far, we have over 3,600 subscribers and over 380 healthcare facilities we are partnering with. We are currently active in central and western Uganda and intend to scale to eastern Uganda shortly.”
Peleyta Health is featured on Day 14 of the #40Days40FinTechs initiative Season 5, highlighting its commitment to transforming healthcare financing in Uganda.
The platform not only addresses immediate healthcare needs but also aims to foster a culture of savings among low-income earners, empowering them to take control of their health and finances.
Related: Kray Microfinance saves Ugandans through affordable digital loans
