MICROCAPITAL BRIEF: Indian Microinsurer Vimo SEWA to Advise Implementation of Namibian Microinsurance System
  • MicroCapital Monitor

    MicroCapital Monitor<br>Subscribe to our monthly market report
    We can email you everything you need to know about microfinance news, research, events and key players.

  • External Links

    Treetops Capital Microfinance SMEs Housing Agribusiness

    Carsey Institute Trainings Ghana; Togo; New Hampshire, USA; Tanzania

    Housing Microfinance Latin America Miami August - Cite MicroCapital for a 15-percent discount

    Transformational Microfinance Mexico May - Cite MicroCapital for a 15-percent discount

    Microenterprise Learning, Information & Knowledge Sharing

    Absolute Portfolio Management Vision Microfinance Vienna Austria






    • Banking

      Banking your way just got easier.

    • Checking

      The convenience of checking – the interest rate of savings

    • Savings & CDs

      Choose the right option for the way you save.

  • Now Reading...

    Thursday, April 15, 2010

    MICROCAPITAL BRIEF: Indian Microinsurer Vimo SEWA to Advise Implementation of Namibian Microinsurance System

    » Posted by in Category: Africa,Asia,Microinsurance at 12:30 am

    Vimo SEWA, an Indian insurance cooperative owned and run by women working in the informal sector, will be advising the implementation of a similar microinsurance program in Namibia [1]. The effort is part of the Namibian government’s Vision 2030 initiative, a series of developmental policy goals enacted in 2004 to be achieved by the year 2030 [2]. As part of Vision 2030, the Namibian government has demonstrated commitment to other forms of social insurance by enacting monthly pensions to elderly and disabled citizens [1]. Additionally, the Namibian government is funding Vimo SEWA during the advisory process [1].

    While Vimo SEWA has yet to issue formal recommendations, Vimo SEWA chairperson Mirai Chatterjee stated that similarities between Namibia and India environment would simplify implementation. “There are some problems, like high number of HIV cases, alcoholism and scattered population,” she said. “But the model can be replicated there.”

    About Vimo SEWA:
    Vimo SEWA (Self-Employed Women’s Association) provides a variety of social insurance services to 125,000 women across five Indian states [1]. The Vimo SEWA microinsurance model focuses on delivering a variety of insurance services to women working outside the formal economy financed by annual premiums. Vimo SEWA is a member of the SEWA family of organizations, all of which are based on the idea of success through “struggle and development,” [4].

    [1] “VimoSEWA to develop microinsurance in Nambia” by Gandhinagar, April 9, 2010,
    http://www.netindia123.com/showdetails.asp?id=1481459&cat=Business&head=VimoSEWA+to+develop+microinsurance+in+Namibia

    [2] “Namibia Vision 2030: Policy Framework for Long-Term National Development.”, Office of the President, 2004, http://www.npc.gov.na/vision/pdfs/Summary.pdf

    [3] “Namibia seeks sewa’s help to set up micro insurance” April 4, 2010, http://www.3dsyndication.com/showarticle.aspx?nid=DNAHM30407

    [4] SEWA: “Insurance Products Women Insurance Ahmedabad India.”, http://www.sewainsurance.org/sewa.htm

    MicroCapital’s Microfinance Universe profile: Vimo SEWA: http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=vimo+sewa

    Browse the MicroCapital Universe and add your entry to our wiki at http://www.microcapital.org/microfinanceuniverse/

     

    Share

    Comments are closed.