WHAT IS IT?
Climate resilience is defined as the ability to maintain function in the face of external stresses imposed by climate change. For a farmer, it means being able to recover after suffering an adverse season, and avoiding being immediately in a case of financial distress.
How is it achieved?
Climate resilience can be achieved by different mechanisms: diversification of crops or irrigation for example. But while these solution require important investments and changes in the way of doing business, it is also possible to become more resilient through insurance.
OKO's insurance, by providing immediate financial support to farmers who have been exposed to adverse weather, is helping them reimburse their credits, maintain their lifestyle and prepare for the next season.
OKO was awarded in November 2019 the International Award during the Climate Finance Day by Finance for Tomorrow. This recognize OKO's positive impact as a financial tool to adapt to the consequences of Climate Change.