Impact Trash to Resilience: How BimaLab boosted Soso Care’s unique micro- insurance intervention

The document details the impact of FSD Africa's BimaLab accelerator on Soso Care in Nigeria. Soso Care provides health micro-insurance to low-income earners who pay premiums using recyclable waste. Through BimaLab's non-monetary support, Soso Care optimized operations and formed strategic partnerships with entities such as AXA, AIICO, Wema Bank, and the Port Harcourt Municipal Government. The initiative also emphasizes gender equality, with women making up 70-80% of Soso Care's 600+ agents and supporting 7,000 women through income-generating opportunities.

• Soso Care utilizes an innovative micro-insurance model where low-income earners receive health insurance in exchange for recyclable waste used as premiums, promoting both healthcare access and sustainable waste management.
• The BimaLab accelerator provided Soso Care with non-monetary support—including training and partnership facilitation—which allowed the startup to optimize operations and grow without requiring substantial financial backing.
• Soso Care has established several strategic partnerships to drive growth: collaborations with AXA and AIICO for financial inclusion, technical and financial assistance from Wema Bank, and an agreement with the Port Harcourt Municipal Government aimed at enrolling over 5,000 people in healthcare insurance by the end of the year.
• The initiative significantly supports women's economic empowerment; women comprise 70-80% of Soso Care's workforce of over 600 agents, and the company now serves 7,000 women through income-generating opportunities.
• Insurance penetration in Africa was reported at 2.78% in 2019, which is considerably lower than the global average of 7.23%.

APA

FSD Africa (n.d.). Impact Trash to Resilience: How BimaLab boosted Soso Care’s unique micro- insurance intervention. https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-BimaLab-Nigeria-25.09.2023-2.pdf

Chicago

FSD Africa. Impact Trash to Resilience: How BimaLab boosted Soso Care’s unique micro- insurance intervention. n.d. https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-BimaLab-Nigeria-25.09.2023-2.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=Impact Trash to Resilience: How BimaLab boosted Soso Care’s unique micro- insurance intervention |url=https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-BimaLab-Nigeria-25.09.2023-2.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafricandimpact, author = {{FSD Africa}}, title = {{Impact Trash to Resilience: How BimaLab boosted Soso Care’s unique micro- insurance intervention}}, institution = {FSD Africa}, url = {https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-BimaLab-Nigeria-25.09.2023-2.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }