This website provides general information for personal use and information of professional investors only. Neither the information, nor any opinion, contained on this Website constitutes marketing, solicitation, recommendation, offer or invitation to subscribe or redeem fund units, to execute any transactions or to enter into any legally binding agreements. The IIF Fund shall not be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the applicable regulations and laws of such jurisdiction. Please read our full disclaimer statement in the “Disclaimer” page.

INVESTEES – InsuResilience Investment Fund

IIF Debt Sub-Fund Investees

Banco Pichincha (Ecuador)

Banco Pichincha, founded in 1906, is the largest commercial bank and microfinance provider in Ecuador. IIF works with Banco Pichincha to expand the bank’s service offerings to its customers by intermediating climate insurance products. These products would generally focus on the agricultural sector.

Banco Solidario (Ecuador)

Banco Solidario is a fully licensed microfinance bank that has been engaged in microfinance for more than 20 years. The bank has the second largest exposure on the microfinance sector, and operates through a network of 55 branches in all main cities in Ecuador. IIF works with Banco Solidario to expand the climate insurance product to its clients.

CMAC Piura (Peru)

CMAC Piura, which began its operations in 1982 in the city of Piura, is currently the second largest CMAC in Peru. CMAC Piura understands that climate risk can impact its entire portfolio, and that its most vulnerable clients are business owners. These entrepreneurs can lose stocks, equipment and property that generate income. CMAC Piura is working with IIF to expand the productive loans (from income generating activities) to clients with a multi-risk insurance policy (that includes climate insurance risks such as earthquakes, floods, mudslides, etc).

CMAC Sullana (Peru)

CMAC  Sullana, founded in 1986, is the fourth largest Caja Municipal in Peru and  works in 13 regions in the country. As a large percentage of its portfolio – specifically its agricultural portfolio –  is located on the coast, CMAC Sullana is conscious of the effects that climate change will have on its clients. It has offered a crop insurance and multi-risk products with climate-change components. The IIF loan aims at enhancing the commercialization of a crop yield insurance that Caja Sullana began to intermediate in December 2015.

Crezcamos (Colombia)

Crezcamos, created in 2008, is a public limited company specializing in microfinance. It has 69 branches that work in twelve departments in northern Colombia, and is working to expand its current range of insurance products. The IIF loan finances 1) the expansion of Crezcamos’ crop insurance and 2) the launch a new parametric insurance that would be tailored to meet the specific needs of the Colombian agricultural market.

Eskhata Bank (Tajikistan)

Eskhata Bank, established in 1994, is one of the leading microfinance/SME banks in Tajikistan. It is the country’s fifth largest bank by asset size, and operates with 23 branch offices and 228 banking centers within Tajikistan. As 51% of Tajikistan’s employment is located in the agricultural sector and the country is vulnerable to food insecurity and climate change, IIF loan aims to help alleviate climate-related risk. IIF could help Eskhata Bank’s agricultural portfolio (at 13.6% of GLP as of 2018) grow by reducing the credit risk of related loans.

JSC Credo Bank (Georgia)

Credo Bank is the leading bank on Georgian microfinance market in terms of countrywide presence and number of clients. It operates 68 Service Centres and supports up to 260 thousand customers across Georgia. The bank’s mission is to provide sustainable financial services to micro, small and medium businesses, with a preference for rural activities and those businesses that create income and employment opportunities. JSC Credo offers crop insurance to clients to protect their agricultural yields against risks posed by environmental conditions. The IIF loan supports the portfolio growth of productive loans bundled with an agricultural insurance policy that covers climate insurance risks.

Kashf Foundation (Pakistan)

Kashf Foundation was established in 1996, as the first specialized microfinance institution in Pakistan. It offers innovative and transformative products to its clients: low-income households, and women micro-entrepreneurs. Kashf has recently launched its pilot product to finance livestock for farmers, and will work with IIF to expand its livestock financing product linked to insurance.

KHAN Bank (Mongolia)

Khan Bank, established in 1991, is Mongolia’s largest commercial bank and a key agent of financial inclusion in the country. It operates with 538 branches across the country, and provides services to approximately 70% of Mongolian families. The purpose of the IIF loan to Khan Bank is to support the expansion of the index-based livestock insurance program, related to herder loan products.

Progresemos (Mexico)

Progresemos was created in March 2006 as an unregulated SOFOM (Sociedad Financiera de Objeto Multiple) (not allowed to capture deposits). The MFI delivers loans to end-borrowers through its own branches as well as through the branches of the strategic partners.  Progresemos reaches more than 180,000 clients and has presence in more than 32 Mexican states. The purpose of the IIF loan is to support Progresemos in developing a climate insurance product for its direct and indirect clients.

Sembrar Sartawi (Bolivia)

In 2009, the microfinance NGO Fundación Sartawi (which began its microfinance activities in Bolivia in 1990) was acquired by the credit NGO  Instituto Sembrar  to create the MFI Sembrar Sartawi, IFD.  Sembrar Sartawi has 4 branches and 40 agencies across 7 out of 9 of Bolivia’s departments. It provides financial services in rural areas of Bolivia, notably in the agricultural sector. The purpose of the IIF loan is to help Sembrar Sartawi’s in developing an agricultural insurance product for  micro and small agricultural producers.

VisionFund (Myanmar)

VisionFund Myanmar is an MFI with a strong social mission and focuses on serving underpenetrated markets in Myanmar, largely women in rural areas. It offers loan products both for individual and group and saving products since 1998. The MFI is part of Vision Fund International (VFI) and became a part of African and Asian Resilience in Disaster Insurance Scheme (ARDIS) in Jan-18 where VisionFund Myanmar insured their agriculture portfolio against Tropical Cyclone. They have 51 branches in country wide and also work in two of the country’s primary economic hubs; Yangon and Mandalay.

VisionFund International (Network)

VisionFund International (VFI) was established in 2003, as a non-profit aimed at managing and funding the microfinance activities of World Vision International, a Christian non-profit that operates in almost 100 countries. VFI provides microfinance services to alleviate poverty, and works in 29 countries as of 2018. Its climate insurance program focuses on increasing its clients’ resilience to a number of different climate related risks. The IIF loan 1) provides on-lending to VFI’s affiliates to implement group multi-peril crop insurance for clients, and 2) supports VFI’s African and Asian Resilience in Disaster Insurance Scheme (ARDIS) in Asia and Africa through a dedicated revolving credit facility, the use of which is triggered by specific weather events.

VisionFund Tanzania (Tanzania)

Vision Fund Tanzania was established as a micro finance bank in 2014. It works to financially support micro businesses, small holder farmers and urban clients, and operates with one cash holding branch and 54 business centres across the country. The purpose of the IIF loan is to help Vision Fund Tanzania grow its agricultural portfolio and scale the uptake of insurance products to the over 10,000 rural-based small and medium holder farmer clients.

IIF Equity Sub-Fund Investees


Established in 2008, Agritask is a leading Ag-tech company providing data-driven decision support tools for end-to-end agronomic management of businesses throughout the agriculture eco-system. Agritask’s unique ‘One platform – One database’ precision agriculture offering is significantly upgrading the decision-making processes across the entire agriculture eco-system. The company’s offering to agriculture insurers revolutionizes their ability to perform accurate risk analysis enabling them to drastically reduce operational costs, develop and manage more advanced insurance offerings and deepen insurance penetration to new and underserved markets. The platform is already deployed in over 15 countries serving small and large scale farmers, food producers, government extension projects and insurers, predominantly in emerging and frontier markets. Through its global activities, the company is expected to reach out to more than 25 million farmers by 2025.

The InsuResilience Investment invested USD 6mn in Agritask in May 2019. The proceeds of the investment will help Agritask to scale up its global expansion across the various agricultural segments, and to further spur development of agriculture insurance markets globally, extending its outreach to small-scale farmers.

Asia Insurance

Asia Insurance Company Ltd (Asia Insurance) is an innovative and fast growing general insurance company in Pakistan. Asia Insurance is a leading player in agriculture, livestock and farm implements micro-insurance with over 40% of its gross written premium coming from these areas. Asia Insurance offers agriculture insurance to over 100,000 farmers.

The InsuResilience Investment Fund acquired a 25.4% equity stake in Asia Insurance in March 2018 via a rights issue subscription. This investment will help Asia Insurance to grow by increasing the company’s risk capital and supporting its underwriting capacity in agriculture, hereby extending its outreach to low income farmers.

Global Parametrics

Global Parametrics, established in the UK in 2016, is a for-profit social venture start-up with IIF as a founding investor. The company seeks to catalyze the development of markets for Financial Disaster Risk Management (FDRM) solutions in low and middle income countries to benefit poor and vulnerable populations.

FDRM solutions are comprehensive packages providing an optimized financial response to and management of weather and seismic disaster events. An FDRM offering goes beyond an insurance product by incorporating a set of tailored tools and products that blend risk analysis, risk retention and risk transfer to ensure a cost-efficient, highly effective end-to-end solution. Blending top-notch climate and seismic science, novel risk structuring techniques and patient risk capital, Global Parametrics offers first-of-their-kind products and services for natural disaster risk management.

The InsuResilience Investment Fund acquired a 34.3% equity stake in Global Parametrics, with an initial investment in July 2016.

Inclusive Guarantee

Inclusive Guarantee (formerly known as Planet Guarantee), a Simplified Limited Company, was established in 2007 and is a leading microinsurance broker in West Africa and a pioneer in climate insurance products. Inclusive Guarantee has been created to promote socially inclusive insurance products with a current focus on West African farmers and index-based crop insurances. With most of its staff deployed in Senegal, Mali, Burkina Faso and the Ivory Coast, the company acts as a designer and broker for climate insurance products. It also provides advisory services on insurance schemes, primarily to multilateral institutions.

The InsuResilience Investment Fund acquired a 29.1% equity stake in Inclusive Guarantee, with an initial investment in February 2016.

Royal Exchange General Insurance

Royal Exchange General Insurance Company is a subsidiary of Royal Exchange Plc, licensed by the National Insurance Commission to offer the full range of general and special risks insurance products. With 100 years in the Nigerian market, Royal Exchange General Insurance has an enviable reputation for reliability, integrity, professionalism, technical competence and financial strength.

The InsuResilience Investment Fund and Royal Exchange General Insurance Company have signed an agreement according to which the Fund will acquire a 39.25% equity stake and appoint nominees to the Board of Directors. Royal Exchange General Insurance Company is a leading player in agriculture insurance. The proceeds of the investment will help Royal Exchange General Insurance Company to spur growth by increasing the company’s risk capital and supporting its underwriting capacity in agriculture, hereby extending its outreach to low income farmers.

Skymet Weather Services

Skymet Weather Services Private Ltd (Skymet) is India’s largest weather monitoring and agri-risk solutions company to the insurance and financial sectors. Through its activities, the company is reaching out to more than 2,000,000 farmers.  This innovative and technology-driven company is the market leader in providing weather and crop-yield related information services to the insurance sector in India with over 6,000 automatic weather stations (AWS) across the country.

The InsuResilience Investment Fund acquired a 26.8% equity stake in Skymet in December 2017 and through a follow on investment in March 2018 via a mix of right issue subscription and purchase of existing shares. This investment will help Skymet to expand its AWS network and secure new contracts in both weather data and crop yield measurement, hereby extending its outreach to low income poor and vulnerable farmers.