September 26, 2022
The Signify Foundation supports ElleSolaire’s women entrepreneur distribution network: The Women Saving 4 Resilience (WS4R) project with a grant for training and working capital. WS4R contributes to innovative COVID-19 response and recovery efforts related to Savings Groups, in the areas of women’s livelihoods, voice and leadership and clean energy in Senegal.
For more than fifty years, Senegal has experienced rates of economic growth close to the rate of population growth. Despite that, sustainable reduction in poverty, particularly in rural communities has yet to be achieved. Moreover, COVID-19 has placed additional pressure on local economies in Senegal, exacerbating the vulnerabilities of the most marginalized populations, especially women.
In a survey completed in January 2021, there was strong evidence of the negative impacts of COVID-19 on economic and mental health of ElleSolaire’s Savings Groups. 100% of women reported a reduction in both the income-generating opportunities for their group and revenues generated since the outbreak of COVID-19.