World Bank insurance kegiatan in disaster prone Haiti : an arm of the World Bank next week will unveil a $1.96 million project that aims to help thousands of low-income entrepreneurs in Haiti protect their livelihoods against natural disasters.
The International Finance Corporation says the program is much-needed. Only 0.3 per cent of Haiti's 10 million people have some form of insurance , one of the world's lowest rates.
The International Finance Corporation says the program is much-needed. Only 0.3 per cent of Haiti's 10 million people have some form of insurance , one of the world's lowest rates.
Small entrepreneurs are particularly vulnerable to uninsured losses , and can default on debts and be disqualified from future loans when they need money to recover.
The insurance will be distributed through the Haitian microfinance institution Fonkoze , and is supposed to help up to 70 ,000 people over the next three years. The IFC made the announcement Friday. Details will be released next week.