×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Insurance-backed loans boost financial resilience, report

Small Scale Farmers in Esumeya Village in Kakamega County benefited from farm inputs through the One Acre Fund. [File, Standard]

The default rate on insurance-backed loans across the country is 60 per cent lower than on non-insured loans, a new report has revealed.

The report by Turaco in partnership with One Acre Fund shows that embedding insurance into loans boosts financial resiliency and improves healthcare access for the unbanked population while simultaneously de-risking lending portfolios.

Get Full Access for Ksh99/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in