Microfinance company to invest in BOP insurance providers

ACCION, long-established provider of financial services to the poor, has taken a US$1.2 million equity share in ParaLife, a Swiss microinsurance holding company that offers financial protection to low-income populations and people with disabilities, mainly in Latin America. ACCION will contribute to ParaLife’s Latin American expansion of its low-cost insurance products into Colombia. The organization has been operating in Mexico since late 2007. ACCION has also announced a $3 million investment in LeapFrog Investments, a $100 million microinsurance investment fund based in Mauritius. The fund, with an expected close in the first quarter of 2009, will build and replicate a sustainable model for developing and marketing microinsurance services to the poor, and will conduct early pilots in Africa and Asia.

For more information


Next News to read

First Alliance Essay Prize will focus on philanthropy and global warming

Alliance magazine