Lack of well-tailored innovations such as suitable hybrid seeds to overcome pest and diseases in mid-altitude areas has been acknowledged as a major shortcoming which could further be associated with inadequate investment in research and development.
Because the VISA Model uses savings groups to aggregate small purchases into one larger purchase, and to pass on to the insurance company, the operating costs of the company are reduced and the sales increased.
On average, AMA Innovation Lab researchers find that after the drought, insurance leads to a 36 percent decrease in sales of remaining livestock, and a 25-percent reduction in household meal consumption.
With new drought tolerant (DT) maize varieties ready to go to market, and with our growing knowledge of how to design effective insurance products for small-scale agriculture, now is an opportune moment to close this critical knowledge gap.
In the wake of the earthquake, Heifer Nepal deployed a 3-fold response: immediate relief, livestock-related relief, and implementation of a revolving fund that established interest free loans to affected Heifer beneficiaries.