Bimbo also benefits, since its consumers have enhanced access to credit and are more likely to pay for its products on time. Many microfinance experiences around the world testify that this contracting innovation, through the concept of joint liability, changes the behaviour of borrowers, reduces monitoring costs and enforces payment through peer pressure - all of which help make credit more available to the poor. The BASIX index-based weather insurance, which reduces monitoring and farm level inspection to confirm crop losses, is one example of this trend.