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1
Apr
“ We’re all Senegalese, and we should all have access to insurance ” says Yoro POULO BA, a groundnut farmer from Ndoffane, a commune from the center of Senegal who just received insurance payouts as part of the GIIF-supported index insurance project. This year, the rains during the month of July - the sowing period for groundnut - were extremely low, therefore triggering automatic payouts for what is called “sowing failure”. The payouts that he has received amount to about 30% of the total insured amount, which is the amount of credit that he has borrowed for seeds and fertilizers needed for...
1
Apr
This map was created using data on rural loans. The GIS analysis shows where the density of loan amounts is higher (as opposed to where there are more individual loans). It is meant to highlight where the larger loans are concentrated. Notice that there are areas with many individual loans and low amount density. The methodology used to draw the map is as follows: The banks provided portfolio data with x/y coordinates in WGS84 format, which where projected and added to a basemap. Using the “point density” geographic analysis under the spatial analyst in ArcGIS 10.3, we derived a density of...
12
Feb
Weather variability is a key limiting constraint to investments and the modernization of agriculture in Senegal. The drought-prone Sahel is characterized by irregular rainfall and relatively poor soils. Created in 2008 as a public-private partnership, the National Agricultural Insurance Company of Senegal (CNAAS) is in charge of underwriting crop and livestock insurance. At the request of the Minister of Finance of Senegal, a feasibility study was completed in 2009 by the World Bank to assess the potential of index insurance. This study recommended the development of weather-based index...
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