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Opportunity International's Micro Insurance Agency to Develop and Provide Life, Health and Crop Insurance for 21 Million Poor People
Date:2/6/2008

poor and technology innovations in Africa. The total amount provided to Opportunity International by the Gates Foundation is $41.8 million.

"We are humbled and honored that the Bill & Melinda Gates Foundation, which is so passionately committed to helping the poor work their way out of poverty, has selected the Micro Insurance Agency to support its mission," said Christopher A. Crane, president and CEO of Opportunity International. "The agency will now be able to expand rapidly to give the poor protection against the ravages of poverty and disease that they face in their daily lives."

Micro Insurance Agency

The Micro Insurance Agency is an insurance intermediary dedicated to serving poor people with an affordable and suitable range of insurance products. As the first stand-alone microinsurance agency, it is well-positioned to create and offer scalable, simple and understandable life, credit and crop insurance products. Through extensive market research and insurance expertise, products are designed to be affordable to the poor and sustainable for distributors and insurance companies. Established as a subsidiary of Opportunity International in 2005, the Micro Insurance Agency currently has 675,000 policies covering 3.3 million lives in 10 countries in Africa and Asia.

Opportunity International

Opportunity International is committed to solving global poverty. Serving approximately 1.1 million poor entrepreneurs in 28 developing countries, Opportunity International is a pioneer in offering small business loans, savings, insurance and training in basic business practices to women and men living in chronic poverty. Founded in 1971 as one of the first microcredit lenders, Opportunity International provides small loans -- sometimes as little as $50 -- and other services that allow poor entrepreneurs to start or expand a business, develop a steady income, provide for their families and create jobs for their neighbors. Opportunity Internati
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SOURCE Opportunity International
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