Summary of Crop Insurance, an Idea Worth Seeding

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Rating

9 Overall

10 Importance

9 Innovation

8 Style


Recommendation

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.
 

About the Speaker

Rose Goslinga developed a microinsurance program to assist small-scale farmers in Africa.

 

Summary

Kenya’s 1984 famine ranks among the worst in modern times. That year became known as the year of the goro goro, which is a container that measures two kilograms of maize flour, the main ingredient in ugali, a doughy cake served with vegetables. One goro goro of maize provides enough...

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