MFI unveils program for drought insurance

Microfinance institution VisionFund International has launched an insurance program in Cambodia that will cover families affected by drought, according to a company statement released last Thursday.

The program, which is officially titled the African and Asian Resilience in Disaster Insurance Scheme, will provide coverage to farmers and small business owners in five countries including Cambodia, Myanmar, Kenya, Malawi, Mali and Zambia.

VisionFund’s network provides farmers with loans on special terms to help them recover from disasters. The program is expected to be expanded to cover floods, on top of droughts, by the middle of this year.

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