soso care

SOSO CARE is a low cost micro health insurance using over 20 billion pet bottles generated in Nigeria as a form of insurance premiums.

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Eligibility Criteria

  • I confirm that I am fully aware of the eligibility criteria and terms of the Act for Biodiversity Challenge and that I am eligible to apply.
  • I am 18 years old or older.

Initiative's representative name

Nonso opurum

Initiative's representative date of birth

30th September 1987

Initiative's representative gender

  • Man

Headquarters location: country

  • Nigeria

Headquarters location: city

Abuja

Where are you making a difference?

across cities in Nigeria.

Website or social media url(s)

https://www.sosocare.com/ https://www.facebook.com/SosooCare/?modal=admin_todo_tour https://twitter.com/sosocare1 https://www.linkedin.com/in/sosocare-2a7b79197/

Date Started

October 2019

Project Stage

  • Start-up (first few activities have happened)

Yearly Budget : What is your current yearly budget for the initiative?

  • €10k - €50k

Organization Type

  • For-profit

1. Founding story: Share a story about the "Aha!" moment that led the founder(s) to get started or the story of how you saw the potential for this project to succeed.

in 2017 we had seen a woman living in urban slum side of Lagos die from child birth simply because the family didn't have money to provide her quality healthcare and antenatal. Like that woman over 55,000 women die yearly from childbirth. sadly over 90% of these deaths could have been averted with quality healthcare. we looked at the environment, Nigerian cities were generating over 20 billion pet billions which affect the environment and as well end up in oceans so we decided to link recyclables as an alternative form of healthcare insurance as a premium that way we provide healthcare inclusion while also sustaining the environment.

2. The problem: What problem are you helping to solve?

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

3. Your solution: How are you working to solve this problem? Share your specific approach.

SOSO CARE is a social enterprise low cost micro health insurance which aims to enable millions of people to own a health insurance with as low as one dollar or use recyclable garbage as a financial resource for the uninsured slum dwellers mostly pregnant women and kids to access micro health insurance and gain points on food stamps. This way we use one stone to kill two birds in addressing poor healthcare access, sanitation and environmental sustainability.

4. Innovation: How are you innovating or using unique approaches to solve the problem?

our innovation is what attracted our recognition by World bank and UN Habitat. Currently we are the only Fintech that aim to use garbage to finance healthcare, provide access to micro capital and food stamps which are key problems of the poor that makes us unique. By linking garbage to healthcare access, micro capital and food stamps we are killing 2 birds with 1 stone a as the solution addresses the needs through the following: • Access to healthcare to reduce infant and maternal mortality in these regions • Improving sanitation & environment in slums and • Creating Jobs for the distribution network and waste collectors • Access to micro capital • Access to food stamps

5. Collaboration: How does your initiative seek to bring key players together to preserve biodiversity?

we consistently organise stakeholder meeting. bringing market leaders, tranport union, public health experts, environmental and water agencies to discuss how our actions and waste can become a create value through public sensitisation

6. Impact: how has your project made a difference so far — in terms of both business outputs and social impact? How do you plan on measuring progress?

yes SOSO CARE has a made a few impact. 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, access to food and micro capital. finally over 20 people have accessed care at different cities and regions from our network of over 1170 hospitals. In 5 months of operation we serve 650 people.

7. Growth strategies: what are your main strategies for scaling your impact?

We plan to reach new customers can expanding into new cities, states and countries in Africa where millions live in desperate poverty with poor health outcome. In the next 3 months with grant and funding we plan to move to Lagos with a population of over 25 million with about 40% living in slums and suburbs in poverty. This market alone will offer us 3 million people within 8 months.

8. Creating shared value: How does your initiative create value for society? Or different stakeholders?

SOSO CARE creates shared value for everyone that is why World bank recognised us at the 2019 smart cities for resilient future. By linking garbage to healthcare access, micro capital and food stamps we are killing 2 birds with 1 stone a as the solution addresses the needs through the following: • Access to healthcare to reduce infant and maternal mortality in these regions • Improving sanitation & environment in slums and • Creating Jobs for the distribution network and waste collectors • Access to micro capital • Access to food stamps while also protecting ocean and aquatic lives

9. Financial sustainability plan: can you tell us about your plan to fund your project and how that plan will be sustainable in the short, medium, and long term?

Soso care business model is scalable and replicable as we have tested in over 4 states and cities. We hope to raise money to scale fast so that we can move to bigger cities and states like Lagos with over 25 million people and about 30% living in slums and suburbs. while we have been operating with our seed capital, we plan to raise funding from VC. We will break even in one year. Because demand of our services like healthcare access and food stamp 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.

10. Team: what is the current composition of your current team (types of roles, qualifications, full-time vs. part-time, board members, etc.), and how do you plan to evolve the team’s composition as the project grows?

We have a team of diverse people with management, software, waste & insurance, health management,sales experience Nonso Opurum (CEO), BA, MBA UK. Former banker, Sales Agent, web designer and development journalist and business manager. Lareb Khalil Syed (CTO) BSC is Software Architect. Veronica Agana (Product manager) : Bsc,MBA. has over 12 years experience in HMO, waste and health management. Ben offor: BSC, MBA service manager with over 6 years in insurance and health managment

11. How did you hear about this challenge?

  • Word of mouth

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