In 2024, VisionFund International and IBISA launched ClimaCash+, an innovative suite of parametric insurance products designed to deliver fast, simple, and transparent payouts to communities affected by climate shocks. Piloted in Kenya, ClimaCash+ aims to embed climate protection into everyday financial services – starting with microfinance loans – and scale globally to enhance resilience among vulnerable populations. This article explores how ClimaCash+ draws on the success of hospi-cash models to make climate insurance more accessible and effective for low-income communities.
Inclusive Finance Accelerators
Established in 2016, Inclusive Finance Accelerators (IFA) is a global initiative committed to advancing access to financial services for underserved communities. By placing end users at the centre of financial model design, IFA promotes sustainable, socially driven solutions that strike a balance between commercial viability and social impact. The organisation provides technical support to financial service providers and donors in areas such as digital product development, inclusive finance strategies, and feasibility assessments. IFA champions digital finance as a vital pathway to social and economic empowerment.
Founded in 1979, Women’s World Banking is a global non-profit organisation committed to advancing financial inclusion and economic empowerment for low-income women. Working with a wide range of partners, including financial institutions, policymakers, and donors, it supports the development of women-centred financial products, services, and policies. For over four decades, the organisation has helped equip women worldwide with the tools and confidence to participate equally in their societies and economies.
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