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IFC, a member of the World Bank Group, is partnering with donors and the Microinsurance Catastrophe Risk Organisation (“MiCRO”) to help thousands of low-income micro entrepreneurs in Haiti protect their livelihoods against weather-related risks and natural disasters.

Haiti is highly prone to earthquakes, hurricanes, floods, and other natural disasters that have devastating effects on the country’s population and economy. However, only 0.3 percent of the population has some form of insurance, one of the lowest rates in the world. IFC believes that micro-entrepreneurs are particularly vulnerable to uninsured losses, as these can force them to default on debts and disqualify them from future loans at a time when they need capital to recover.

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