Peter Kiruthi, a livestock farmer from Kiambu County (Kenya) explains the importance of his insurance policy with local cooperative insurer CIC Insurance Group (CIC) after he was recently compensated for the death of his cow: "It is insurance that makes me continue as a farmer".
Through the ICMIF 5-5-5 Mutual Microinsurance Strategy, CIC are aiming to reach 250,000 previously uninsured smallholder farmers with dairy livestock microinsurance over five years. The project, launched in 2018, is supported by project partners P&V Group (Belgium), Thrivent (USA) and We Effect (Sweden).This video, produced by We Effect, shows how CIC are already making a difference to low-income farmers in Kenya.
ICMIF launched the 5-5-5 Mutual Microinsurance Strategy (the "5-5-5") in June 2016 to scale up mutual microinsurance in five countries where its members are already operating. The ultimate objective is to build resilience in communities and developing insurable populations by providing financial education, risk reduction and affordable need-based insurance products. The ICMIF Foundation was established in 2015 as a registered charity in England and Wales (No. 1179919) to oversee the governance of the 5-5-5.