Thinking about starting your own microinsurance institution? Aris Alip has a few tips.
Alip is the managing director and founder of the Center for Agriculture and Rural Development Mutual Benefit Association. CARD MBA is part of a 14-company social business conglomerate — the CARD Mutually Reinforcing Institutions — that got its start as a microfinancing operation in the 1980s and now boasts 11 million members, mostly poor women.
The microinsurance operation was launched a decade later and Alip is — quite literally — considered the godfather of microinsurance in the Philippines. To make sure the intended beneficiaries will receive their due, CARD MBA has gotten into the marriage business.