The Center for Agriculture and Rural Development Mutual Benefit Association—CARD MBA— is part of the system of CARD Mutually Reinforcing Institutions (MRI) that also includes CARD Bank, CARD Inc. (a non-governmental organisation or NGO), and the CARD Training Center. The MBA offers life and disability insurance, as well as an obligatory provident fund to CARD Bank and CARD Inc. members. For CARD’s borrowers, MBA offers the All Loans Insurance Package (ALIP), which is a loan redemption scheme. These products improve the overall services to CARD members, and the mutually reinforcing nature of the relationships makes the operations of the MBA extremely efficient. This cases study assesses the strengths and weakness of CARD MBA and analyses them.
CGAP Working Group on Microinsurance