Mwezi customers can now rest easy knowing that their loans are covered.
Mwezi Solar Limited and MicroEnsure Kenya, have entered into a strategic partnership to safeguard Mwezi customers against common insurable perils by providing an innovative and affordable insurance product.
By including the insurance product to all Mwezi Solar products, Mwezi customers can now have peace of mind knowing that their loans are covered in the event that they are hospitalized, disabled or lose their life.
“Over the last 7 years Mwezi Limited has offered energy access products to thousands of Kenyans through an affordable Pay-As-You-Go scheme. Mwezi Limited has recently partnered with MicroEnsure to offer a loan protection insurance that covers debt payments on energy products if the insured loses their ability to pay due to illness requiring hospitalization in a NHIF accredited facility for 3 days or more, disability or death. Through the bundled insurance product, we have introduced our clients to the benefits of insurance, while covering Mwezi from risks associated with offering end user loans in rural and underserved communities,” said Teddy Odindo, Mwezi Solar Limited, Chief Commercial Officer.
Appreciating the partnership as another step towards the goal of reaching out to the tens of millions of uninsured and under-insured Kenyans, Mr. Kiereini Kirika, Regional Director, MicroEnsure East Africa, added that: “We are delighted to be partnering with Mwezi Solar Limited to further MicroEnsure’s mission of providing innovative, ground breaking insurance solutions to the mass market across Africa with products and services that have the power to truly transform and improve lives”
As a way of promoting the global agenda of Universal Health Coverage (UHC), the cover offers Mwezi Solar customers the freedom to visit any of the over 4,000 NHIF accredited hospitals and clinics across the country, to easily access medical care.
The insurance programme is being rolled out nationwide and will be available to all Mwezi Solar customers
Mwezi Solar is a Kenyan based solar products distributor that purposes to generate energy for the future by providing products that improve the health, wealth, education and environmental impact of people in rural and sub-urban areas. They do this with their established network of community based branches that assemble, sell, distribute and provide after-sales services for their products. Solar power remains the most secure source of energy for the future. They set global standards in achieving this goal.
For more information, please visit: https://mwezisolar.co.ke/
MicroEnsure is a pioneer in providing insurance to emerging consumers starting in 2002 within the microfinance community it rapidly grew to be the industry’s leading innovator being first to market with weather index insurance, using mobile networks to distribute insurance and creating over 200 products aimed at low income families. It has served over 65 million people by partnering with a range of MFIs, Banks, mobile networks and ride hailing companies across Africa and Asia.
For more information, please visit: www.microensure.com