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Protecting Senegal's Farmers Against Drought and Crop Failure

Protecting Senegal's Farmers Against Drought and Crop Failure

Content owner:
GIIF - World Bank Group
Topics:
Data
Product design
Weather index
Area yield
Catastrophe weather derivative
Meso-level
The soil that Abdoulaye Ndiaye holds in his hand is dry and dusty. A little further away in the Kaolack region the groundnut plants are already beginning to spring up in the fields, but in Paskoto village Abdoulaye and his fellow farmers have not seen a drop so far this season. "The most important challenge for us is the weather. It is God who decides. We have no choice, but are just left looking for ways to handle the situation," Abdoulaye says, now using his hand to shield his eyes against the stark sunlight.
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Index Insurance Creates Steady Income for Kenyan Farmers

Index Insurance Creates Steady Income for Kenyan Farmers

Content owner:
GIIF - World Bank Group
Topics:
Legal/Regulatory frameworks
Weather index
Area yield
Product distribution
Meso-level
For Jeremiah Kithaka, farming maize on his three acre farmland is the primary source of livelihood enabling him to provide for his family of four. However, with changing rainfall patterns, delayed starts to the rainy seasons and longer and more frequent dry periods, Jeremiah has seen vast volatility in his income levels over the past few years.
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Turning the tide on rural poverty requires innovative new products

Turning the tide on rural poverty requires innovative new products

Published on:
Topics:
General
Other frameworks
Product design
Weather index
Product distribution
Meso-level
Country:
Rwanda
Fifty-five year old Niyitegeka Veneranda lives in rural Rwanda. She and her husband are parents to seven children and grandparents to five. They farm less than a hectare of their own land, yet she has been able to build a small house, feed her family, and send her last three children to school. She expanded her rice production recently with a loan from a local bank made possible through agricultural insurance, and plans to expand her acreage with another loan next year.
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Closing the Credit Gap for Formal and Informal Micro, Small, and Medium Enterprises

Closing the Credit Gap for Formal and Informal Micro, Small, and Medium Enterprises

Topics:
General
Micro-level
Meso-level
Macro-level
Job creation and economic growth through private sector development have become primary areas of focus for policy makers around the world in the aftermath of the global financial crisis. Recent evidence points to the importance of small and medium enterprises (SMEs)1 in providing employment across countries. In addition to employing the largest number of people in aggregate, SMEs generate the most new jobs (Ayyagari et al., 2011). But SMEs also face many challenges in day-to-day operations and to grow. Access to finance is often cited as one of the primary obstacles that affect SMEs
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Innovative Agricultural SME Finance Models

Innovative Agricultural SME Finance Models

Topics:
General
Micro-level
Meso-level
What innovations can help bankers in developing countries who wish to finance agricultural small and medium enterprises (SMEs)? This report tries to answer this question by isolating promising cases of emergent and innovative financing, risk mitigation, and distribution models. The paper identifies key elements observed across case studies. In the report, case studies are documented, models are observed, and patterns are determined. The report primarily addresses private sector financial institutions in developing countries and therefore focuses on models from the private sector perspective.
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Engaging the private sector to protect farming communities

Topics:
Product design
Weather index
Area yield
Micro-level
Meso-level
ACRE's Kenyan experience
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Automated Weather Stations Drive Groundbreaking Low-cost Micro-insurance Plan for Rwanda’s Farmers

Automated Weather Stations Drive Groundbreaking Low-cost Micro-insurance Plan for Rwanda’s Farmers

Topics:
Data management
Data providers
Legal/Regulatory frameworks
Weather index
Area yield
Hybrid
Product distribution
Meso-level
Country:
Rwanda
As Rwandan farmers face increasingly erratic rainfall, an innovative program launched today will use automated weather stations to offer 20,000 farmers in the Southern and Western provinces of Rwanda low-cost insurance to protect their loans for high-yielding seeds, fertilizers, and other farm inputs.
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IFC, SANASA Insurance Contribute to Food Security in Sri Lanka through Weather Insurance

IFC, SANASA Insurance Contribute to Food Security in Sri Lanka through Weather Insurance

Published on:
Topics:
Product design
Weather index
Area yield
Hybrid
Premium subsidies
Product distribution
Micro-level
Meso-level
Country:
Sri Lanka
IFC, a member of the World Bank Group through its Global Index Insurance Facility (GIIF), has entered into a project agreement with SANASA Insurance Company Ltd, to support the development and use of flexible and affordable weather index insurance products to help minimize the impact of crop losses due to floods or droughts on farmer livelihoods. The project objective is to expand access to insurance for food crops such as rice and in turn offer protection for up to 15,000 small-scale farmers against weather-related risks and natural disasters. The project will also raise awareness amongst 50
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Feasibility Study for Macro and Meso-level Index Insurance - Jamaica

Start date:
Country:
Jamaica
Region:
Latin America & the Caribbean

Jamaica faces a variety of natural hazards and, on a combined-hazard basis, is among the most vulnerable countries in the world. It lies in the center of the Atlantic hurricane belt, on a complex area of the northern Caribbean Plate margin, and is subject to tropical rainfall and resulting erosion. Agriculture in Jamaica is vulnerable to various risks from extreme winds, to extreme rain, to droughts. A large part of the agricultural sector, including integrated supply chains as well as small farmers, is absorbing these climate risks, with neither publicly nor privately risk transfer mechanisms

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Feasibility Study for Macro and Meso-level Index Insurance - Dominican Republic

Start date:
Country:
Dominican Republic
Region:
Latin America & the Caribbean

The recent path of Tropical Storm Isaac in September 2012 caused the destruction of plantain fields in the southern region. This situation forced the national authorities to provide in kind assistance (i.e. planting materials, fertilizers, cleaning labor, land preparation) to the most affected farmers. Although some insurers provide agriculture insurance, the Ministry of Agriculture does not have a pre-defined budget to tackle the negative effects caused by events in the agricultural sector while it faces significant contingent liabilities.

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