EAN: 9783954893904

BARRIERS TO MICRO-INSURANCE OUTREACH FOR PASTOR...

Micro insurance in Kenya is still undeveloped compared to micro credit and micro savings due to
the fact that it offers no immediate benefits to the insured. Insurance companies in Kenya have
been taking long to compensate their clients in the case of any peril and therefore insurance
is seen as a way of stealing the money from the citizens. This study has looked into ways of
making micro insurance locally available to both large and small scale crop farmers. It has
gone a step further to investigate ways of merging up micro insurance and micro credit by using
insurance as collateral to acquire loan. It was realized that there is a possibility of selling
an insurance contract to a buyer of produce whereby the farmer can later pay the premium after
the harvest of the produce. Moreover  there is a possibility of the harvest being used as
collateral when it is in the warehouse of the Kenya National and Cereals Produce Board (NCPB).
This increases the creditworthiness of the otherwise not qualifying-for-credit farmer as well
as the produce being stored waiting to hit the market highs in order to be sold for profit. To
make use of the technology  this paper calls for the development of a mobile application that
will enable farmers access information in real time on their mobile phones and thereby being
able act accordingly.

Aktuelle Preise zur EAN 9783954893904

Produktinformationen zur 9783954893904