Afya is the first case of “sustainability-linked loan” related to social impact indicators with a focus on education and health by the IFC (International Finance Corporation), a member of the World Bank Group that works to strengthen the private sector in developing countries.
Over the course of six years, the company is committed to providing approximately 3.4 million free medical consultations by 2029 for patients in the communities where its medical schools are located, with 73% of these consultations taking place in cities of high and medium social vulnerability. In addition, the company will seek to achieve ratings of 4 or 5 from the Ministry of Education (MEC) for its medical courses.
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KPI 1 |
KPI 2 |
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3.4 million free medical consultations by 2029 |
Afya’s Medical courses rated 4 or 5 by the Ministry of Education (MEC) |
| Note: 73% of these consultations taking place in cities of high and medium social vulnerability |
“With IFC’s investment, we will be able to meet our expansion objectives, including increasing the number of new Medicine seats by 200 this year. We are also going beyond: in addition to strengthening our capacity to train qualified doctors in the country, we plan to improve primary care health indicators and communities where we operate, confirming our commitment to Sustainable Development Goal 3”
Virgilio Gibbon, Afya’s CEO
“Supporting a relevant educational player in Brazil, such as Afya, will help us contribute to the improvement of tertiary medical education in underserved areas. Afya’s goal of developing on-site learning solutions with a strong emphasis on technology is aligned with IFC’s objectives to foster quality education and strengthen healthcare services in the country. We hope that this innovative sustainability-linked loan will encourage other players to pursue social targets in the Brazilian education market”
Manuel Reyes-Retana, IFC Regional Director for South America
