Microfund for Women's Caregiver Experience: Lessons from Jordan on Health Microinsurance
This paper explores the factors that contributed to Jordan's Microfund for Women's Caregiver product’s success, the lessons learned during the first two years of operation in Jordan, and the priority considerations for Caregiver’s planned replication in other markets. The product was developed in partneship with Women's World Banking and was piloted in 2010. Among the most important success factors was the decision to offer "gap" coverage. For many clients, especially in Jordan a country that has reasonable healthcare infrastructure, the direct costs of care do not necessarily represent the only, or even the largest, financial burden. Of much greater consequence is the potential lost income if the business has to be suspended while the microentrepreneur deals with a health crisis (her own or a family member’s). This loss of income often forces the client to sell off productive assets (e.g., equipment, livestock) for ready cash.
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