Senegal - Digital market oriented platform for small holder farmers financial inclusion


Project Summary

Approval Date 22 Apr 2022
Signature Date 30 Jun 2022
Planned Completion Date 31 Dec 2025
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category 3
Commitment U.A 719,245.66
Status Implementation

Project General Description

The Senegal Digital Market Oriented Platform for Smallholder Women Farmers Financial Inclusion (SDMo4SFI) project aims to contribute to achieve a sustainable economic growth and improve the quality of life for Senegal’s rural dwellers, mainly women in Casamance region. The project seeks to provide farmers with the means to reduce the power of intermediaries by offering a web portal for training and information dedicated to agricultural stakeholders, and a virtual market for exchange between sellers and buyers. In addition, it will be possible to publish or consult market supply and demand via the Internet, mobile phones (SMS) or USSD channels and voice services. The SDMo4SFI project is structured into three complementary components: (i) Assistance, advice, and support for access to gender-sensitive digital financial services; (ii) Support to market access and creation of opportunities in agricultural value chains; and (iii) Project Management, which comprises the day-to-day management and coordination of all project activities.

Project Objectives

The overall objective of the SDMo4SFI project is to contribute to the promotion of inclusive and sustainable economic growth and the improvement of the quality of life for Senegal’s rural dwellers. Specifically, the project aims to increase and improve the productivity of the agriculture sector, improve financial inclusion of rural dwellers, and foster women’s empowerment by facilitating their access to Market data (prices, market opportunities, availability quantities, changes in demand and supply, etc.) and any other information helpful for the development of their activities (good agricultural practices, weather forecasts, disease control methods, etc.) and Innovative financial services adapted to their needs (nano-credit, digital savings, digital, etc.).

Beneficiaries

The main beneficiaries are small-scale farmers. Basically, the project will prioritize women small holder farmers as well as women led cooperatives. Other direct beneficiaries are MFIs and other FIs operating in Agri value chains. The “Agence Nationale pour la Relance des Activités Economique et Sociales en Casamance” (ANRAC) will benefit from capacity building in a view to have it continue providing assistance to primary beneficiaries. The indirect beneficiaries include among others; agro-dealers, agricultural input suppliers, local businesses and the broader private sector.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
Ministère de l’Agriculture et de l’Equipement Rural (MAER)

Information

IATI identifier 46002-P-SN-H00-009
Last Update 04 Oct 2022

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Contact Details

Email fapa@afdb.org

Geographic Location

Country Senegal
Coordinates Location Name
14.6937 -17.44406 Dakar