Access to Financial Services

In recognition of the unique economic challenges faced by pastoral communities, our initiative seeks to provide comprehensive access to financial services. By bridging the gap between financial institutions and pastoralists, we aim to empower these communities and foster economic resilience.

Objectives:

• Insurance (Index Based): Index-based livestock insurance (IBLI) is a product that is designed to protect against the impacts of drought related livestock mortality. Payouts are designed not to compensate for a loss, but to facilitate pastoralists implementing early coping strategies (like purchasing fodder/water/veterinary services, destocking before emergencies, migration planning, etc.).
• Credit Facilities: We facilitate access to credit facilities tailored to the specific needs of pastoralists. This enables them to invest in livestock, veterinary care, and sustainable agricultural practices, thereby enhancing the overall productivity of their endeavors.

• Savings and Investment: We encourage and educate pastoralists on the importance of savings. By introducing them to suitable financial instruments, we empower them to build financial reserves and make strategic investments for long-term prosperity.

• Financial Literacy: We conduct targeted financial literacy programs to equip pastoralists with the knowledge and skills necessary for effective financial management. This includes understanding interest rates, budgeting, and making informed financial decisions.

• Mobile Banking: Leveraging technology, we facilitate the adoption of mobile banking solutions, ensuring that pastoralists can access financial services conveniently and securely, even in remote areas.