Ask what you can do.. amidst Climate Change.

Crop Insurance for farmers in Africa.

“The moment we decide to fulfill something, we can do anything.” — Houses of Parliament, UK, 23 April 2019 — Greta Thunberg.

Today, the world is feeling the vast effects of Climate Change across generations, irrespective of financial or social status, and across industries and sectors.

The increased reports for forest fires, mud slides, and hurricanes tell an alarming story of the impact this has on people’s welfare, their homes, and their lives.

However this also has an impact on communities’ economies, on countries’ livelihoods, on continents’ sources of income.

We say that the 4th industrial revolution will simplify the way things are done, improve the way of life and support financial inclusion. Does this revolution take into account such forces beyond human control?

In a continent like Africa, where agriculture is a major source of income especially for those at the bottom of the pyramid, how do we use our digital innovations to support them through this crisis?

As many take to the streets in protest and others work to influence policy in the highest offices, others have sought to use disruptive innovations that act as shock absorbers for the unpredictable.

One such company is World Cover. The BCC recently shared a story on the impact of a this company on small holder farmers in Kenya that is restoring faith in agriculture amidst irregular climate patterns.

With over 35,000 beneficiaries across Ghana, Uganda and Kenya, World Cover is an organization that provides crop insurance to protect against loss of yield. They use data to turn uncertain and unmeasurable risks into attractive investment products. Policies can start at as low as 10USD to 40USD a season.

They are a hands-on team that takes time to understand customers’ needs and provides crop insurance products designed to affordably reduce the risk from droughts and other unforeseen problems.

They use satellites to monitor the rainfall and trigger pay-outs automatically.

Digital technologies like those provided by Beyonic, a proud partner, simplify the disbursement of funds efficiently to any mobile money network.

World Cover is a trend setter in this sector facilitating the farmer’s access to credit and services for their farm and family, and enabling investment in their most productive crops.

They also focus on creating key collaborations with investors, agri -businesses, government, banks etc. to continuously enrich the value of their solution for small holder farmers in Africa.

Visit them at https://www.worldcovr.com/.