Sunday 20 June 2010

FEATURE: Small Premiums, Long Term Benefits: Why Poor Women Need Microinsurance

Monica Kirunguru’s husband was an outgoing man, and a prominent member of his community. The couple lived together on a farm near Mount Kenya, where they worked hard to support their seven children and five grandchildren.

In August 2009, Monica’s husband was admitted to the hospital. One month later, he passed away.
Coping with the emotional shock that accompanies the death of a life partner can be staggeringly difficult. Coping with the financial shock at the same time, however, can make the situation seem unbearable. Typically, a Kenyan woman in Monica’s circumstances would have two options to cover the hospital and funeral expenses: take out a high-interest emergency loan, or approach friends and family for money. Read more

No comments: