Market launch:
2011
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GIIF worked with MiCRO through capacity building as well as subsidizing microinsurance premiums paid by participating MFI clients in order to support the expansion of an index-based catastrophe micro-insurance product that was the first index insurance project funded by GIIF in the Caribbean. MiCRO is a reinsurance provider based in Barbados. MiCRO currently provides natural catastrophe and weather index insurance to microfinance institutions (MFIs), which in turn insure low-income micro-enterprises.