An insurance program aimed at aiding the smallest entrepreneurs in Haiti will make a significant payout to policyholders in the wake of Tropical Storm Isaac, insurers say.
The reinsurance company Microinsurance Catastrophe Risk Organisation (MiCRO) says it will make a payout to Haiti's largest microfinance institution, Fonkoze, following the storm.
The institution will pay a fixed sum of around Haitian Gourdes 5,000 (U.S. $125) to each of hundreds of female micro-entrepreneurs who lost their homes or inventories due to the storm.
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