Extending mutual microinsurance to 5 million uninsured households in five countries over five years.

Claim paid to Mr Guzman enabled family to open local store

The Philippines

Mr Ramil de Guzman, 27 years old, is the son of a deceased member of Kasagana-Ka MBA, Inc (K-MBA). His mother was an active K-MBA member, and when she passed away the family received payment of their claim by K-MBA. Ramil de Guzman explains, “The insurance was a big help to the family especially in coping with my mother’s sudden death and family’s financial crisis”. 

The claim paid to the family was used to provide their mother a decent burial, open a ‘sari sari’ store (a convenience store) and meet the everyday needs of the family. Furthermore, the family saved the excess money from the claim in a bank account for their future needs. 

K-MBA first began in 2006 and now has over 47,000 members. K-MBA is a member of RIMANSI , and is part of Kasagana-Ka Development Center, Inc