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

Policyholder
Association/company: 
K-MBA
Country: 
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