04ne-3021 - Establishment of a mutual micro-insurance program
The project was formulated as a follow-up on a feasibility study conducted by NEFSCUN with guidance and assistance from Interpolis in the year 2003. The conducted study did include a needs assessment which did show an urgent need amongst members of affilaited savings and credit associations (SACCOS) for insurance services with preference for live and accident insurance. The programme aims at developing the organisational structure, managerial mechanisms and procedures (including use of digital management software-OASE) and logistics. Furthermore it covers awareness raising and capacity enhancement programmes for members and SACCO staff about insurance and the working of mutual insurance mechanisms. In the initial two years phase 10 savings and credit organisations are participating and at least 4.000 policy holders are targetted. The programme set up does strive to run the programme on a sustainable basis without a need for additional external financial input in 4-5 years time. Donor input will decrease yearly while the level of aoto-financing will increase. Interpolis has committed itself to facilitate this proces, deliver technical assistance (by expert missions and on a contineous basis through internet) and provide re-insurance services for the micro-insurance scheme. After completing the first year (april 2004-april 2005), it has been decided to extend the project period with 9 month, without increasing the project budget. However, an additional mission of INTERPOLIS has been added to this budget neutral contract extension.