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Compulsory move towards imposing insurance on loan beneficiaries

Brenton Herrera by Brenton Herrera
September 6, 2021
in World
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Compulsory move towards imposing insurance on loan beneficiaries
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Compulsory move towards imposing insurance on loan beneficiaries

The Director General of the National Agency for Microcredit, Abdel-Fattah Jabboun, revealed that there is an agreement with insurance institutions to review laws and make insurance compulsory for loan beneficiaries.

On Monday, Gibbon explained, during his arrival as a guest on the first radio channel, that “until now, insurance is optional, but in agreement with insurance institutions, laws will be changed and insurance is mandatory, especially since “the number of micro-loan beneficiaries since the establishment of the agency is estimated at more than 950,000 beneficiaries,” which is What I considered a number salivating insurance companies.

Jinoun revealed that there is almost an agreement between the Ministry of National Solidarity, the Family and Women’s Issues and the insurance companies in order to encourage the culture of insurance, within the framework of the awareness campaign launched for the benefit of the beneficiaries of the micro-loan.

Jibon highlighted the importance of insurance to rebuild the capital in the event of disasters, such as the recent fires that affected a number of states, as well as protecting entrepreneurs from civil liability in the event of work accidents.

On the other hand, the morning’s guest revealed that “the outcome of the achievements of the National Agency for Microcredit from 2005 to June 2021, enabled the establishment of more than 947,000 interest-free loans, which enabled the creation of more than one million direct and indirect jobs,” adding that “the share of women Of these loans is estimated at 63.59 percent.

Jibnoun considered that “these indicators are positive and promising, and the aim is to achieve the desired goals by achieving development projects and creating new and environmentally friendly activities to support the national economy.

Tags: beneficiariesCompulsoryimposinginsuranceloanmove
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