every Umby has a story
Faced with a unexpected health condition, one of the Valencia parents needed urgent medical attention.
Faced with a drought, the Pereras were unable to grow crops on their land this season. As a result they borrowed money at a high interest rate, sold their goat and stopped sending their children to school in order to find a way to survive until the next planting season.
Low-income families live in extraordinarily risky circumstances where illness, loss of property, agricultural losses and disasters can easily push a family into poverty. If the Valencias did not have insurance, they would have had to pay the hospital fees. The bill would have been equal to three months income for the family. This large amount would only be possible by a high-interest loan and selling assets.
Fortunately, the Valencias had access to affordable health insurance which not only paid for the hospital fees, but also reimbursed the lost income of the patient during their recovery.
A Success Story
children stop going to school and family reduces consumption
family borrows, uses savings and sell assets to pay for costs
unexpected life events; medical, agricultural or disaster related
family sends children to school and begin acquiring assets
low-income family begins accumulating wealth
family in a stable position but without assets or savings
family repays debts from any borrowing
family survives unexpected event and begins rebuilding
The Umby journey begins with plastic bottles and ends with umbrellas that provide insurance to families. The story of each of our products in unique -- but it always begins with you and ends with a family in need.
"I love that my yellow umbrella brightens my rainy days and also brings sunshine to families when they need it most."
Our model begins with creating protection products that have meaning. Your purchase is creating a movement for protection.