Insurance-backed loans propel financial resilience among communities

Some of the farmers who have benefitted from the One Acre Fund loan rest outside a Tupande duka seed and fertiliser collection point. [Courtesy]

Embedding insurance into loans has the potential to boost financial resiliency among communities across the country.

A report by a pan-African Insurtech in partnership with One Acre Fund indicates that such insurance-backed loans also play a key role in the improvement of healthcare access for the unbanked population while simultaneously de-risking lending portfolios.