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FUNDINGUpdated 1 months ago

OKO Crop Insurance

OKO: France-founded, Mali/Uganda focus. Distributes weather-indexed crop insurance via mobile operators. Mobile money payouts triggered automatically by weather events.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
OKO Finance
Location
Mali, Uganda
Status
Open
Application Deadline
Rolling
Type
Loan
Amount
USD 5 to 200
Size
micro
Language
English
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Description

OKO is a France-founded insurtech focused on Mali and Uganda that distributes weather-indexed crop insurance through partnerships with mobile network operators. The OKO product allows farmers to buy insurance from their mobile money wallets and receive automatic payouts when pre-defined weather events occur in their region. The mobile-operator distribution channel is critical because farmers already trust their mobile money provider in a way they may not trust unfamiliar insurance brands.

Focus Sectors

Crop Insurance, Smallholder Agriculture