As part of the Financial Inclusion of Women Challenge Round 2022 (FIWC), Karandaaz supports innovative solutions that are tailored to women's needs and unique preferences in order to drive financial inclusion and economic empowerment for the female segment. In a growing number of markets, digital platforms enable women to generate income by matching supply and demand and InstaCare is one such platform in Pakistan, providing female healthcare professionals an opportunity to achieve financial independence and become part of the formal financial ecosystem.
Despite Pakistan's healthcare having the highest percentage of female graduates in the medical field, 70% of these graduates cannot practice medicine and six out of ten are unemployed due to cultural and structural reasons, as well as the lack of financial resources to start a private practice. The employment rate for qualified women in health care is 18%, while the employment rate for qualified men is 64%. Women of Pakistan can bolster Pakistan's health care system through their strength, resilience, and capability, if they are given the right resources and support.
InstaCare is a Health Tech Startup specializing in remote medical practice opportunities for female doctors in Pakistan. It was founded by Muhammad Bilal Amjad in 2018 along with Ayesha Siddiq and M Ahmad.
The problem is intended to be solved through the marketplace's two-sided approach. By offering remote medical practice opportunities through InstaCare,Doctors-in-law are able to maximize their potential as healthcare providers. By expanding the capacity of the existing healthcare system through their Web and Mobile Based Applications our competent female doctors will be able to earn revenue as well as improve the quality of healthcare services for Pakistan's female population, which constitutes 48.54 % of the population. As part of a strategy to improve the doctor-patient ratio and improve the quality of healthcare in Pakistan, Ayesha Sadiq, COO at InstaCare, envisions to increase the use of the tech-enabled financial services platform by female practitioners. The role of women in society should be expanded, even if they are unable to leave their homes, so that they become more active, engaged, and productive citizens.
