Project Number : 599745 IFC Approval Date : 01/28/2014 Country : Kenya Disclosure Date : 02/21/2014 Region : Sub-Saharan Africa Status : Active Business Line : Access To Finance Project Estimated End Date : 12/31/2015 Estimated Total Budget : $3,944,719.00 Last Updated Date : 05/08/2014 (Project budget includes all project-funded activities) Project Description : Two performance-based grants - one for premium support and one for capacity building - will be provided to the client to 1) offset initial high premium costs to end beneficiaries and 2) support capacity building activities. Tranche disbursements will be linked to milestone targets to ensure performance, including number of people insured and the value of premiums generated. The capacity building grant will enable the client to complete feasibility analyses, design and launch new products, expand and diversify its distribution network and increase the capacity of local markets to provide index insurance. Expected Development Impact : The objective of this project is to support the client to expand access to index insurance in Kenya, Rwanda and Tanzania through premium support and capacity building grants. The expected results of this project are to insure smallholder farmers and generate annual gross premiums.
Project completion date : 2015-12-31 12:00:00
Major organization : INTERNATIONAL FINANCE CORPORATION (IFC)
Address : 2121 Pennsylvania Avenue, NW Washington, DC 20433 United States Website : http://www1.ifc.org
Country :United States
Financier : International Finance Corporation (IFC),