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.
