Microinsurance seminar – 4th November 2011
Microinsurance: Protecting the Poor in Emerging Markets
Date: 4th November 2011
Time: 6.00pm – 7.30pm
Venue: Wren Suite, St Paul’s Cathedral
This event is provided free of charge, but registration is essential. Please RSVP to Robert Gordon on 020 7489 1011 or via email at institute@stpaulscathedral.org.uk.
St Paul’s Institute would like to invite you to a seminar on microinsurance, hosted in conjunction with the Anglican Health Network, that will be taking place in the Wren Suite at St Paul’s Cathedral on the evening of Friday 4th November.
The Anglican Church has been engaged with the leading microinsurance agency, MicroEnsure, to develop a groundbreaking model of health microinsurance in Tanzania and India. This has placed the church at the forefront of market development on the basis of its commitment to improve the availability and quality of health services amongst the communities it serves.
This seminar will give an account of the place of microinsurance within the wider context of insurance in developing markets, exploring how microinsurance models are being implemented, and will highlight a number of case studies of successful programmes run in different countries.
The evening will be chaired by Revd Raymond Singh, Vice Chair of the Ecumenical Council for Corporate Responsibility.
Opportunity partner MicroEnsure wins the FT/IFC Sustainable Finance Award
We’re delighted to congratulate our microinsurance partner MicroEnsure on winning the Sustainable Finance Award in the “Achievement in Financing at the Base of the Pyramid” category. MicroEnsure is a wholly owned subsidiary of Opportunity International.
Richard Leftley, MicroEnsure's CEO, receiving the Sustainable Finance award
MicroEnsure’s submission was based on its pioneering work providing life insurance products with two leading Ghanaian mobile phone providers. Growing rapidly, MicroEnsure’s products are expected to double the number of Ghanaians served by insurance by the end of 2011.
The awards are organised by the Financial Times and International Finance Corporation, a member of the World Bank Group. You can read more on the MicroEnsure website.
A new look at health insurance
We’re delighted promote this new film by our microinsurance partner, MicroEnsure. Why not take 4 minutes to get a fresh insight into the importance of health insurance in poor communities…
We partner with MicroEnsure to provide Opportunity clients with access to microinsurance products. You can out more about Opportunity Microinsurance here.
The power of secure savings
By Edward Fox: Opportunity UK’s Chief Executive
In the small but perfectly located Opportunity kiosk in the heart of the Lujeri tea estate we bumped into small holder farmer, Felix Lusewa.
Edward Fox with Opportunity client Felix Lusewa
His story blew me away. He’s banked with Opportunity for 4 years, having to travel some distance during that time until we started to put the new Mulanje network in that place. In that time he’s increased the size and profitability of his business substantially. I assumed he had benefited from a loan to achieve this but he said it was all down to hard work and the ability to save for the very first time in a safe place. Continue reading
Meet Joseph Meke
From Gareth Simpson, Opportunity UK’s Director of Philanthropy:
Last week, I met Joseph Meke in Malawi. Joseph has a well developed business buying and selling “maize” (corn). He’s a natural-born entrepreneur.
Opportunity Malawi Client Joseph Meke
When Joseph joined Opportunity in 2007, he made a monthly profit of around £120 – which is well above the norm. His Opportunity loans helped him buy his maize in bulk, saving transportation costs.
Every month he buys a bulk load of Maize grain from a rural area of Malawi. He pays a local farmer £3.40 for a bag of grain – creating a supply chain for poor farmers in the rural areas. By selling the bags at £5.60, Joseph has increased the monthly profit of his Maize business to £320.
Joseph used the increased profits to build 3 houses using local labour and materials. He lives in one with his wife, Zione, and their 3 children. So they now have a family home. He rents the other two properties which generates £44 profit a month. Continue reading
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