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Article

29 Jun 2012

Author:
Mark Tran, Guardian [UK]

Microinsurance: providing a more stable future for small-scale farmers?

Crop failure for farmers is not merely a financial setback but a disaster that could push families into abject poverty...LeapFrog [Investments]...invests in those that are [in the microinsurance business], such as Shriram...In two years, [LeapFrog founder Andrew] Kuper said, LeapFrog's investments have allowed 8.7 million people to obtain microinsurance, 6.5 million of whom have a low income, including 5 million women and children...He stressed that LeapFrog looks for companies selling products that are relevant, affordable, transparent and good quality. "There are bad, unscrupulous players taking advantage of the poor with policies of bad quality," he said...Africa is a small but growing market for companies such as Kilimo Salama. [also refers to Syngenta Foundation, UAP Insurance, Safaricom, JPMorgan Chase, TIAA-CREF]