Project profile — Project to Support the Economic and Social Empowerment of Women and Youth in Senegal



Overview 

CA-3-P007765001
$18,566,285
DID - Développement international Desjardins (CA-CRA_ACR-3104905757)
2022-09-05 - 2029-03-30
Operational
Global Affairs Canada
WGM Africa

Country / region 

• Senegal (100.00%)

Sector 

• Formal sector financial intermediaries:
Formal sector financial intermediaries (24030) (12.00%)
Informal/semi-formal financial intermediaries (24040) (30.00%)
Education/training in banking and financial services (24081) (50.00%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (8.00%)

Policy marker 

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

Description 

This project aims to strengthen the socio-economic empowerment of 60 000 women and 6 000 young entrepreneurs in southern Senegal and peri-urban regions through a three-tiered financial inclusion strategy. Project activities include: (1) working in partnership with communities and local organizations to address constraints related to using financial products and services by women and youth to increase productive investment in businesses owned by this population; (2) working closely with community-based financial institutions to eliminate constraints on accessing financial products and services; and (3) providing state actors with technical support to make gender equality strategies more coherent and relevant when developing, implementing and evaluating financial inclusion programs and policies.

Expected results 

The expected outcomes of this project include: (1) increased access to financial products and services tailored to the needs and sustainable practices of businesses owned by women and young graduates; (2) increased productive investments by women and young graduates in their business; and (3) enhanced coherence in taking gender equality into account in the financial inclusion policies and programs that state actors develop and implement.

Results achieved 

N/A

Budget and spending 


Original budget $4,570,000
Planned disbursement $4,160,813
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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