Teranga/Ligoden : support to very small business in Senegal
100% of beneficiaries are under 35
70 recipients of individual support
100 recipient of training
In Senegal, finding work is a major challenge. In spite of Senegal’s significant economic advances over the last five years, finding good, sustainable jobs remains difficult. At the end of 2019, according to the National Agency for Statistics and Demography, unemployment was still high: 15.5% in urban areas, 18.7% in rural areas. Unemployment affects women (27.6%) more than men (8.6%).
Entrepreneurs du Monde’s programme in Casamance aims to improve employability among vulnerable young people and women and to develop local small or very small businesses (SB/VSBs). To that end, the team set up two organisations:
– Teranga, a training company in the agro-food sector;
– Ligoden, an agency supporting entrepreneurship and employability.
TERANGA offers three services
– Technical training in fruit-processing.
– Technical support for the sector’s stakeholders: training and access to automated equipment.
– Storage solutions for raw materials.
LIGODEN offers two pathways
– Employability training: professional project, CVs and cover letters, interview preparation.
– Business set-up and development: business plans, funding, training in sales and admin
Incubation by Entrepreneurs du Monde
The two programmes share an economic model designed to deliver viability within 5 years. At incubation and until they achieve autonomy, the highly skilled Senegalese teams are closely supported by technical experts from Entrepreneurs du Monde in business management, IT/management systems, social performance, strategic planning, financial management and admin, governance, HR, risk management and fundraising.
Partners of Teranga