SOSO CARE
With pervasive poverty, poor healthcare financing and high maternal mortality, Less than 3% of Nigeria’s 200 million population have health insurance as it is considered an expensive luxury. Again, Nigeria generates over 34 million tons of waste yearly and about 20 billion PET bottles causing poor sanitation, poor healthcare and affecting the environment
SOSO CARE is a social enterprise low cost insurtech which aims to use recyclable garbage as a financial resource enabling millions of uninsured slum dwellers mostly pregnant women and kids to access micro health insurance across a network of 1170 partner hospitals nationwide
Within 6 weeks we started 92 women signed up and started donating waste to us. By linking garbage to healthcare access, micro capital and food stamps we are killing 2 birds with 1 stone in addressing poor healthcare access, sanitation and environmental sustainability.
We serve the bottom of the pyramid with over 65 million people in Nigeria. To measure impact we use and be using data, feedback from interviews and reviews of present and potential customers.
Our team has over 30 years combined experience in management, software, waste & insurance, health management, sales experience and advocacy. Having lived and worked in developing countries, we understand the some of the pressing challenges faced daily in our community.
- Employ unconventional or proxy data sources to inform primary health care performance improvement
- Provide improved measurement methods that are low cost, fit-for-purpose, shareable across information systems, and streamlined for data collectors
- Leverage existing systems, networks, and workflows to streamline the collection and interpretation of data to support meaningful use of primary health care data
- Provide actionable, accountable, and accessible insights for health care providers, administrators, and/or funders that can be used to optimize the performance of primary health care
- Balance the opportunity for frontline health workers to participate in performance improvement efforts with their primary responsibility as care providers
- Growth
Funding from this program will enable us to grow our team, grow our hospital list across the country and importantly invest in awareness marketing.
SOSO CARE solution is powered by Mobile application, Chatbot and web technologies to enable scale and reach our stakeholders mostly our users and agents who onboard non tech savvy users in their communities in a seamless way.
- A new business model or process that relies on technology to be successful
- Behavioral Technology
- Software and Mobile Applications
- 3. Good Health and Well-being
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation, and Infrastructure
- 10. Reduced Inequalities
- 11. Sustainable Cities and Communities
- 13. Climate Action
- 14. Life Below Water
- 15. Life on Land
- 17. Partnerships for the Goals
- Nigeria
- Bangladesh
- Cameroon
- Kenya
- Madagascar
While we collate data of users and process their insurance plan, Our insurance partners and underwriters who carry our risk collate data regarding health status and treatment provided by clinics to users. This is used in making informed decisions like offering users discount to stay healthy during raining reason or discounted malaria nets.
- Hybrid of for-profit and nonprofit
SOSO CARE is gender inclusive company with over 70% of the staffs as women including the co-founder. A strong part of our mission is to ensure that no woman loses her life during pregnancy.
As a business, our goal is to reach our target audience and importantly grow our team with the right talent irrespective of their gender, race or socio cultural and ethnic background.
We use B2C and subscription model. By partnering with Hygeia HMO to underwrite the insurance risk, Members access care by delivering recyclable materials like bottles, glass, plastics bags equivalent to monthly premium to our partner agents who sells the collected waste to big recycling companies as raw materials. The money generated from the sales is converted into health fund to finance the premium in other to access healthcare
- Individual consumers or stakeholders (B2C)
We will break even in 4 years. Because demand of our services like healthcare access, is very high and waste recycle is growing. We can achieve this by investing $ 250,000 to setup our process and marketing across 25 states in Nigeria within 18 months which will targets 60% market share of over 45 million people living in slums in these areas.
We have a combined 4700 customers at a revenue of $163,000 in addition to receiving over $100,000 as grant from GSMA, UKAID, Switzerland Embassy, World Bank, Qatar foundation etc