Project Description
Two performance-based grants - one for premium support and one for capacity building - will be provided to the client to 1) offset initial high premium costs to end beneficiaries and 2) support capacity building activities. Tranche disbursements will be
linked to milestone targets to ensure performance, including number of people insured and the value of premiums generated. The capacity building grant will enable the client to complete feasibility analyses, design and launch new products, expand and diversify
its distribution network and increase the capacity of local markets to provide index insurance.