How Pula’s moolah is creating the right climate for African farmers
The company supplies cost-effective insurance for those crucial to feeding Africa, but battling with climate change
When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable to most African farmers — insurance.
Munyalo, a 38-year-old mother of three, had taken out an insurance policy with Kenyan start-up Pula, which aims to reach a vast, untapped pool of African farmers grappling with new disruptions linked to climate change.
Munyalo made a claim on her Pula policy and received a compensation payment of 12,000 Kenyan shillings (about R1,600), close to what she would have earned if her crop had flourished...
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