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Microfinance

Microinsurance Tested: Cyclone Nisha Batters India

Microinsurance has been popular for years, but how valuable would it prove in a real crisis? When cyclone Nisha devastated India’s southeast coast in November 2008, the local Bajaj-Allianz microinsurance project was put to the test.

Health Mutuals: Microinsurance Band Aid

The majority of humanity still lacks access to health insurance. A project run by Bajaj Allianz and CARE India is offering health insurance in a new way.

India: Protecting the Poor

India is home to more poor people than any other country worldwide. Microinsurance can offer them some protection, but there are still many challenges.

Microfinance Basics
Key Stories 2009: Can Microfinance Beat The Credit Crunch?

Key Stories 2009: Can Microfinance Beat The Credit Crunch?

Microfinance institutions have weathered the global financial storm remarkably well, but in 2009 the credit crunch and global recession could hit the sector hard.

 

Microinsurance
Microinsurance in India: Savings for Life

Microinsurance in India: Savings for Life

Micro life insurance is one of the most widespread financial services available in developing countries. Opportunities to save, however, are still rare. A new policy from Bajaj Allianz now provides both life insurance and savings.

 


Microcredit
Is Microcredit a Debt Trap?

Is Microcredit a Debt Trap?

With the expansion of microfinance, criticism is mounting that loans for poor people without financial education can become a debt trap. How real is the threat?

 

Alternative Finance
Islamic Insurance: Not a Question of Faith

Islamic Insurance: Not a Question of Faith

Insurance in conformity with Islamic law has existed for hundreds of years. Now its comeback could help Southeast Asia better deal with natural disasters and catastrophes.

 

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Basic Facts

  • Microfinance is the provision of financial services to poor households.
  • The microfinance sector currently has an estimated total loan volume of 25 billion dollars.
  • Economists estimate that around 250 billion dollars would be needed to satisfy demand.

Microfinance Special

What is microfinance? Can microcredits fight poverty or are they a debt trap for the poor? Can insurers protect the most vulnerable?

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