MICROCAPITAL STORY: Pak-Oman Microfinance Bank of Pakistan Signs Credit Protection Agreement with ALICO-AIG Life

Pak Oman Microfinance Bank, a Pakistani microfinance bank, and American Life Insurance Company (ALICO), a member company of the American International Group (AIG), or ALICO-AIG Life, have signed an agreement to provide credit protection facility to Pak Oman borrowers. Currently only 77 of the world’s 100 poorest countries have any sort of micro-insurance schemes, with many of these very small and limited in outreach, efficiency, and growth potential (for more on micro-insurance, see this Paper Wrap Up of “The Landscape of Microinsurance in the World’s Poorest 100 Countries” at Microcapital.org, or the full paper here).

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