PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599745

Primary Business Area

Access To Finance

Disclosure Date

Feb 20, 2014

Country

Kenya

Region

Africa

IFC Approval Date

Jan 28, 2014

Status

Completed

Estimated Total Budget

$3,944,719.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Dec 31, 2015

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.

Development Results

E&S Risks / Impacts and Mitigation