Updated Aug 31, 2020
Tara ChiuSend Message
Uninsured risks in rural Bangladesh, in particular to recurrent floods and droughts and to health and disability risks, take a heavy toll on welfare, productivity, income, and asset ownership for small-scale farmers. These risks are a main cause of impoverishment when shocks occur, and they keep people in chronic poverty due to the high cost of self-insurance and the constraint they place on investments in greater productivity.
This portfolio of flexible risk-handling instruments offers assistance in the event of a shock, without compromising clients' willingness and ability to save and repay loans. The Emergency Loan is designed to offer clients an avenue to access additional financing in times of distress while also allowing them to maintain good standing with the microfinance institution.