PHOENIX, July 14 Just weeks after the nation's largest financier of fertility treatments closed its health care lending, The World Egg Bank (TWEB) today announced a new loan program for women planning to have a child through donated eggs.
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Offered through Kansas-based Home National Bank, the program can finance up to half the cost of the purchase of frozen donated eggs or the total cost of an in vitro fertilization (IVF) procedure using fresh donor eggs. Participants must choose a donor from The World Egg Bank registry, which has over 350 pre-screened donors available.
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The program launches at a critical time for infertile couples facing both a recession and a shortage of lenders. Capital One ended its entire health care financing program in May. Unlike Capital One's program, TWEB loans do not charge fees to the doctor's clinic.
"We expect this to be welcome news to intended mothers left stranded by the economy," said Diana Thomas, TWEB president and founder. "Many women simply do not have the time to wait till better times to have children, particularly those in their late 30s and 40s."
The program offers plans for fees up to $9,000 for frozen donated eggs and up to $15,000 for IVF treatments using fresh eggs. Terms range from 18 to 48 months, with APR interest rates starting at 8 percent.
A recipient may select a donor online, choose the number of eggs wanted, and have them shipped to her doctor for uterine transfer. TWEB's extensive donor database is online, http://www.theworldeggbank.com/tweb2/recipients/Donors.aspx.
About The World Egg Bank
The World Egg Bank was formed in February 2009 as a merger of two companies, X and Y Consulting Inc., an egg donation agency founded in 1996 by Diana Thomas, and Cryo Eggs International, founded in 2004 as the first commercial source of frozen human eggs in the world. In 2005, the first child born of a frozen egg bank was born under the care of two of its doctors and founders. TWEB's scientific team includes Dr. Jeffrey Boldt and Dr. Michael Tucker, the two scientists who pioneered egg cryopreservation technology. http://www.theworldeggbank.com/tweb2/Home/Default.aspx.
SOURCE The World Egg Bank
