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A system of drought insurance for poverty alleviation in rural areas – case study Nicaragua

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Publication date
15/03/2006
Number of Pages
94
Language:
English
Type of Publication:
Studies
Focus Region:
Latin America & the Caribbean
Focus Topic:
Climate / Weather / Environment
Rural Finance / Insurance
Type of Risk:
Weather & Climate related
Type of Risk Managment Option:
Risk transfer
Commodity:
Crops
Author
J. Diaz Nieto; Simon Cook, Mark Lundy, Myles Fisher, Diego Sanchez, Edward Guevara
Organization
Centro Internacional de Agricultura Tropical, Colombia

This report provides tools for the development of crop insurance combined with micro finance to help small-holder farmers break out of the poverty trap. Although insurance is a well-established means to manage risk, crop insurance schemes have only rarely been implemented in the developing country, smallholder context. Consequently, many farmers seek to minimize their risks, at the same time reducing the potential for bigger profits as a result of lower investment in inputs, for example.