Digitizing savings groups and piloting microinsurance and telemedicine products in Kenya

Digitizing savings groups and piloting microinsurance and telemedicine products in Kenya

Project facts
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project
Country
Kenya
Start date
2025-03-01
End date
2027-02-02
Grant amount
USD 115,700
Local partners
Community Digitalisation Promotors (CDPs) and Private Service Providers (Walimu).
Grant recipient

Context

Jamii.one Foundation successfully concluded the FAHU-funded project, “Digitising Savings Groups in Kenya to Increase Financial Resilience and Improve Digital Literacy.” This initiative empowered over 23,000 members of savings groups across Kenya, introducing them to digital tools with over 10,000 becoming active Jamii.one users. The project enhanced digital literacy and financial resilience by providing a digital platform for savings group record-keeping and underscored the demand for tailored microinsurance and healthcare solutions.

Objectives

The interventions aim to reduce poverty, enhance financial inclusion, improve the allocation of financial resources, lessen the financial burden of unexpected events to build crisis resilience, enhance access to healthcare, and improve health outcomes for savings group members.

Project Outcome

The new project aims to digitalise an additional 500 savings groups (10,000 members), while maintaining lighter support of the current 10,000 active members and introducing bundled microinsurance and telemedicine services. This bundle combines hospital-cash, life, and funeral insurance with telemedicine solutions, addressing financial shocks while improving healthcare access. The initiative also seeks to explore and design an innovative financial solution for the “remaining protection gap” to further safeguard low-income communities. Publish articles on the DSG Hub and elsewhere.

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