Broodfonds (Bread Fund); Insurance co-ops in the Netherlands
2016 – Broodfonds (Bread Fund) is a volunteer association of self–?employed workers with the objective of saving reserves and create a fund in which they individually invest money to take care of their risks bound to temporary disabilities collectively. Â
The Broodfondsen scheme was developed in Holland in 2004 and was launched in 2006 as an association (now a group of cooperatives and associations) that helps independent entrepreneurs and provide them with means when they need a sick leave. Â
Entrepreneurs who choose to participate can join or form a group of similar people, ranging from a minimum of twenty to a maximum of fifty members, paying a regular amount each month: members that fall sick receive a subsidy to provide for their primary needs from their group’s account. The system is based on trust.Â
Reference
Deserti Alessandro, (2016) Broodfondsen. Insurance co-ops in Netherlands. Simpact Evidence. Social Innovation Business Case study. Attached.
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