Microloan Protection Insurance

Quick and simple, our Microloan Protection Insurance is the easiest way to protect borrowers and lenders.

To meet the growing demand for microfinance, People & Partners has created a simple, short-term policy that covers small loans, covering borrowers and ensuring that Microfinance Institutions are protected in the event of death by any cause during the currency of the loan.

All loans up to 5,000 US Dollars can be covered, and the policy can be renewed each year as required. The cover is designed to be simple, easy to understand and easy to administer. There are no exclusions, conditions or special terms. The policy is straightforward: in the event of the borrower’s death, People & Partners will pay the balance of the loan. This ensures no debt is incurred by either party.

One simple ‘pad type’ form is all you need. An A4 sheet covers the proposal form, policy cover and premium receipt. One copy goes to the borrower, one copy goes to the Microfinance institution or bank, and one copy is retained by People and Partners Insurance PLC.

Contact our Microloan Protection team to find out how easy it is to cover your small loan.