Evaluation of the first year results: Fonkoze’s Kore W natural catastrophe insurance for Haitian micro-entrepreneurs

Description: 

In 2011, Fonkoze, in partnership with its insurance company MiCRO, introduced Kore W - an innovative new product to protect Haitian microloan clients from the devastating effects of natural disasters. Through the cancellation of loan balances and disbursement of emergency payouts, Kore W helps clients recover quickly after being impacted by floods, hurricanes, high winds, landslides, or earthquakes. 100% of Fonkoze’s microcredit clients pay a small premium for their coverage which amounts to roughly 55% of the cost of the product to Fonkoze. Now one year since its launch, Fonkoze has commissioned this report to examine how the product performed, what impact the product had on Fonkoze and its clients, how clients perceive the product, and what changes should be made as Kore W enters its second year.

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Fonkoze

Number of pages: 

21

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