Rural Finance and Investment Insights: November

Note from the editor

Fishing is a dangerous occupation worldwide with minimal risk covers. Food and Agriculture Organization (FAO) estimates that more than 32 000 fishers die during fishing operations across the world every year, and many more get accidents and injured. Small-scale fisheries insurance would secure incomes and investment in the sector and bring fishing communities greater social and economic stability.

On October 29, the Global Network for Capacity Building to Increase Access of Small-scale Fisheries to Financial services (CAFI-SSF Network) organized a webinar “Guidelines for increasing access of small-scale fisheries to insurance services”, in association with FAO & APRACA. The webinar discussed how to design and implement insurance programmes that suit the needs of small-scale fishing communities. It also brought up the topic of Third Party Liability Insurance in Fisheries, which covers a wide variety of claims, including claims for loss of life or personal injury and claims relating to loss or damage caused by a fishing vessel to another vessel or other property.

For more details of the webinar and a recent study on Global Review on Current State of Capture Fisheries and Aquaculture insurance for the decade (2011-2021), please find the press coverage and recording here.

Digitization in Microfinance: Case Studies of Pathways to Success

This Paper takes a unique look at microfinance institution (MFI) innovation with digital technologies by featuring case studies on the MFIs that successfully created measurable customer and business value through digitization.

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This case study presents the lessons learned from a digital transformation project, undertaken by the National Agricultural Insurance Company of Senegal with the support of the World Food Programme and Sofrecom.

Resilient and Inclusive Financial Services Delivery During COVID-19

This report draws on the lessons that main actors in Zambia, Rwanda, and Sierra Leone have learned about resilience in the times of COVID-19. It identifies key insights into how these actors have continued to expand financial inclusion and what the current risks are.

Lessons learned from IFAD’S inclusive rural and agricultural finance experiments in West and Central Africa during the last decade (2009-2020)

The paper extracts lessons from a quick review of the diverse and varied financial schemes designed for, accessed by and used by poor smallholders and other rural stakeholders in IFAD’s project portfolio in West and Central Africa over the decade.

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The role of technology in bridging financing gaps for MSMEs