Project profile — Improving Access to Agricultural Insurance in the Casamance Region in Senegal



Overview 

CA-3-P007285001
$9,829,509
SOCODEVI - Canadian Cooperation Society for International Development (CA-CRA_ACR-3104918610)
2021-03-03 - 2026-03-31
Operational
Global Affairs Canada
WGM Africa

Country / region 

• Senegal (100.00%)

Sector 

• Banking And Financial Services: Education/training in banking and financial services (24081) (30.00%)
• Agricultural financial services:
Agricultural financial services (31193) (54.00%)
Agricultural co-operatives (31194) (16.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

The project seeks to support the economic empowerment and resilience of women farmers in Senegal’s Casamance region by improving their access to agricultural insurance as a way to mitigate the impact of climate change. The project focuses on the availability of financial products and services tailored to the needs of women farmers and enhances their ability to access and use them. Project activities include : (1) Providing training and support to women farmers so they can access and use financial products and services, including agricultural insurance; (2) building the capacity of grassroots cooperatives and regional financial institutions to tailor their range of products and services to the needs of women; (3) developing and implementing an innovative business model for distributing agricultural insurance to women and women’s groups; and (4) building the capacity of the Compagnie Nationale d’Assurance Agricole du Sénégal (CNAAS, Senegal’s national agricultural insurance company) and national financial institutions to develop and provide products and services tailored to the specific needs of women. The project is being delivered by SOCODEVI with the help of two local partners, the CNAAS and the Organisation de Formation et d’Appui au Développement (OFAD/Nafoore). The indirect beneficiaries are estimated at approximately 900,000 people making up the population of all the households to which the direct beneficiaries belong, who represent 7,000 women members of 150 agricultural groups (GFVA) in the rural regions of Casamance.

Expected results 

The expected outcomes for this project include : (1) women farmers are more economically resilient; (2) grassroots cooperatives and groups are better at reducing barriers to women’s economic empowerment in the context of climate change; and (3) the Compagnie Nationale d’Assurance Agricole du Sénégal (CNAAS) and targeted national financial institutions are better at providing services tailored to the needs of women.

Results achieved 

Results achieved as of March 2023 include: (1) trained more than 4,000 women, including 218 women leaders across 15 partner cooperatives and 264 women’s agricultural groups on accessing and using financial products and services, including agricultural insurance. Prior to the insurance sales campaign, the Compagnie Nationale d’Assurances Agricoles du Sénégal (CNAAS), Senegal’s national agricultural insurance company, provided training to facilitators, women leaders and the heads of cooperatives on the importance of agricultural insurance. Organized various information and awareness sessions focusing on agricultural index insurance for women producers; (2) launched collaboration programs on crop management sequences and the supply of inputs and agricultural equipment in the regions of Kolda and Tambacounda. These meetings are designed to enable all regional actors and stakeholders — banks, cooperatives and CNAAS — to think about how to promote mechanisms to popularize climate-smart crop management routes. This thought process should also focus on strategies to ensure financing for and timely access to quality inputs that are adapted to climate change; (3) CNAAS, with the support of SOCODEVI, provided guidance to 39 farmers’ organizations and cooperatives, and to five microfinance institutions and bank, through a range of training courses on managing insurance products and incorporating them into their service offerings; and (4) CNAAS continued the positive discrimination measure aimed at women that was introduced in the first year of the project. It consists in reducing insurance premiums by 10% for crop production and by 5% for livestock production. As a result, 9,227 women were insured in fiscal year 2022-23 and the credit target for women in formal financial institutions was achieved, with over CAD $284,000 provided.

Budget and spending 


Original budget $2,000,000
Planned disbursement $2,305,983
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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