Summary of Crop Insurance, an Idea Worth Seeding
Microinsurance offers a simple 21st-century solution to one of Africa’s most thorny problems.
The world’s poorest people lack equal access to financial products, but social entrepreneurs around the world are stepping up to the challenge. Nobel laureate Muhammad Yunus developed innovative microloans, which have pulled millions out of poverty. Identifying another gap in the finance market, economist Rose Goslinga established microinsurance for African farmers to protect them from drought. Her idea could potentially bring lasting change and prosperity to people in Africa and beyond. getAbstract recommends Goslinga’s insights to foundations, philanthropies and insurance firms operating in the developing world.
In this summary, you will learn
- Why farmers in Africa are exposed to high risk,
- Why they lack a safety net and
- How microfinance could provide a solution.
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