Global Parametrics & One Acre Fund Provide Weather Protection for Tanzanian Farmers

Piloting an innovative index to protect against both drought and excess rainfall

One Acre Fund (OAF), a non-profit social enterprise that supplies financing and training to smallholder farmers, has partnered with Global Parametrics (GP), a specialist provider of climate risk protection. Together, they have pioneered the use of GP’s new Water Balance Index to protect OAF’s network of 70,000 smallholder farmers in Tanzania against drought and excess rainfall. This weather index solution facilitates quick financial response at affordable rates, promoting resilience amongst farmers struggling with a volatile climate.

Content Type
Case Study
Topic / Theme
Agriculture, Private Sector, Risk Finance
Solutions / Instruments
Corporate / Institutional Risk Transfer, Early Warning, Microinsurance Businesses
Region
Sub-Saharan Africa
Year
2021
Author
Z. Scott, D. Bierenbaum, and J. Borchert
Organization
Global Parametrics, One Acre Fund