KEY MESSAGES

- Description: Agriculture and Climate Risk Enterprise (ACRE) provides insurance services for inputs, harvests, and livestock to 800 000 small farmers in Eastern Africa
- Specificity: Use of new technologies such as mobile payment or subscription
- Impact:  +16% in income

 

FUNCTIONING

INITIATIVE WITH TWO SECTIONS:
Reduction of the costs of agricultural insurances thanks to the automation of subscription process
> Information about climate hazards by weather stations and satellite pictures Reimbursement of the farmers concerned directly by mobile payment

Facilitation of the subscription
> Association with agricultural loans
> Activation by mobile

 

SCOPE

TANZANIA / KENYA / RWANDA
800 000 farmers

 

BUDGET

$ 12,3 M budget
$ 370 000 premium paid

 

IMPACTS

Agricultural productivity
Durable protection against drought, floods, and some diseases

Climate change
Better adaptation to hazards linked to Climate change

Sustainable dev. goals
+ 16% of additional income for insured farmers