Farmer Finance/Climate Finance
The credit program supports low-income small farmers when their farms are hit by natural disasters
The $10 million African and Asian Resilience in Disaster Insurance Scheme (ARDIS) is a credit program to support low-income small farmers when their farms are hit by natural disasters.
Funds will be used to boost microfinance institutions’ reserves so they are able to respond quickly with short-term loans for farmers when extreme weather hits.
The program is a partnership between WorldVision’s microfinance arm VisionFund International and climate risk analytics venture Global Parametrics; funding is provided by InsuResilience Investment Fund.
It is being rolled out in VisionFund countries: Kenya, Malawi, Mali, Zambia, Cambodia and Myanmar.
Eighty percent of VisionFund’s small farmer clients in these countries are women.