IDB Fund to Invest in Microinsurance Venture

ParaLife, a new microinsurance venture, has become the beneficiary of an investment of US$ 3 million, through the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB). The money is to be geared towards providing life insurance to people with disabilities, low-income families and microentrepreneurs in Latin America.

The organization plans to establish itself in Mexico, from where it wants to expand throughout the region. According to IDB estimates 50 million people are with disabilities in the area and could greatly benefit from the services ParaLife proposes to provide.

For more information:
http://www.paralife.com/ingles/media_news3.htm