Climate shock insurance launches for small farmers



Farmer Finance/Climate Finance

The credit program supports low-income small farmers when their farms are hit by natural disasters

PC: wle.cgiar.org

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.

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