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

Insurance-backed loans boost financial resilience, report

Vocalize Pre-Player Loader

Audio By Vocalize

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.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Real Estate
Private developers eye deeper presence in Coast region
Sci & Tech
CS Kabogo: Digital economy now established, focus shifts to governance and accountability
Opinion
How Ruto's aggression over fuel prices with EAC neighbours strains ties
Business
Ruto opts for electric cars to escape high fuel prices