Crowdfunding Startup Medifund Tackles Med School Tuition

7-29-2013 10-39-59 PM

Philippines-based startup Medifund launches a crowdfunding platform designed to pay the very reasonable tuition requirements needed to put third-world country students through medical school.

The platform was created by Jossy Onwude, a medical student at Southwestern University’s Mham College of Medicine in Cebu City, Philippines. Onwude was inspired to take action when a peer was nearly forced to drop out of her second year of medical school after her family ran into financial issues. The platform Onwude created was able to raise the $577 USD needed to keep the student in school. After Medifund’s initial success, 30 additional students from the school applied for support on the platform.

Medifund will publically launch in October. To maintain itself financially, Medifund will retain five percent of all funded projects. Onwunde is also in discussions with several NGOs and scholarship programs that are interested in partnering with Medifund.

Onwude hopes Medifund will help increase the number of doctors in third-world countries, where there is a huge shortage of physicians. He also hopes the platform will help encourage more women to enter the medical field in countries where funding is generally more available for male students.

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