Investment Profile

Global Access Health - Mologic

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Global Access Health is a UK company limited by guarantee (non-profit) and the ultimate parent of both Mologic and Global Access Diagnostics.
Type Direct
Geography Africa
Date 2021

Theory of Change

LeapFrog’s Financial Inclusion Fund has focused on providing microinsurance to people excluded or underserved by traditional financial institutions by virtue of being low-income or due to other factors such as health condition, caste, religion, ethnicity, gender, etc. These low-premium policies have been a vital safety net for these communities.

Challenge and Context

LeapFrog’s Financial Inclusion Fund invested in companies providing tailored insurance products—such as life insurance, health insurance and agriculture insurance—to those otherwise unable to access such services. These low-cost insurance products help communities access additional services that would otherwise be unavailable to them, or better navigate the risks posed by unexpected financial shocks, such as a health crisis, or an extreme weather event.  

Microinsurance is an important accompaniment to other poverty fighting tools, like microfinance. However, insurance providers in low-income countries have typically targeted middle- and higher-income communities. LeapFrog has showcased for the insurance industry the financial opportunity in developing sustainable microinsurance products for vulnerable individuals and families.   


Leapfrog’s portfolio companies:  

  • reached a combined 25.6 million underserved people, significantly exceeding its original impact targets.  
  • provided 72 insurance and savings products to customers across 16 markets.  
  • pioneered lending to underserved communities, such as persons living with HIV in South Africa who were hitherto refused insurance. 

In parallel, LeapFrog’s R&D Lab enriched the sectoral knowledge base by sharing its innovations.  


Building from the success of the Financial Inclusion Fund, LeapFrog has since launched two additional funds to expand its financial inclusion activities worldwide.  ​ 



This investment supported the Open Society Foundations work on equitable access to financial inclusion and services for vulnerable and marginalized communities.