Quantified Risk Models For Panamanian Micro-finance
Open Access
- Area of Honors:
- Actuarial Science
- Degree:
- Bachelor of Science
- Document Type:
- Thesis
- Thesis Supervisors:
- Evan Garrett Morgan, Thesis Supervisor
- Ron Gebhardtsbauer, Honors Advisor
- Keywords:
- Insurance
- Microfinance
- Micro-finance
- Microcredit
- Actuarial Science
- Modeling
- Risk
- Risk Management
- Sustainability
- Abstract:
- Global Brigades is building a microfinance operation in Piriati Embera, Panama. The use of the traditional Grameen banking model’s savings groups leaves the community vulnerable to massive simultaneous default triggered by external events such as flooding. This paper examines the theory and application of actuarial concepts as they apply to microfinance operations in Piriati Embera. This paper will suggest an insurance-based solution to promote growth and sustainability in the community.