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The Gambia is a unique West African country considered to be the smallest mainland country in the region. It is bordered almost wholly by Senegal and to the West by the Atlantic Ocean. It has a population of approximately two million (as at 2018). The Gambian population demographics shows that the youth (+15-35 years) make up approximately 64% of the population.
According to Finsope 2019, 57% of the population reside in rural areas whilst whilst 43% reside in urban areas, with about 77% of the population having had some form of formal education. Farming in The Gambia is vital with 61% of adults living in households involved in farming. 69% of the population are financially excluded. This group of people do not use any (formal or informal) form of financial services or product. This is due to factors such as unemployment rate, social and economic structure and access to these products.
In The Gambia, German Sparkassenstiftung implements two projects. These projects are the West-African Regional Project with the National Association of Co-Operative Credit Unions of The Gambia (NACCUG) and the Support of MSME’s creation to combat the causes of flight in The Gambia.
The Regional Project in The Gambia is part of the main regional project aimed at strengthening the Credit Union Associations in Ghana, The Gambia, Sierra Leone and Liberia in their organizational capacity. In the Gambia, German Sparkassenstiftung supports NACCUG to implement its current Strategic Plan 2018-2020 in the area of Human Resource Development, Risk Management and the establishment of a new Legal Framework, conducive to the future development of the Credit Unions in The Gambia.
The three main objectives of the project are:
Since 2018, German Sparkassenstiftung in The Gambia has been implementing a project called “Support of MSME’s creation to combat the causes of flight in The Gambia” funded by the German Federal Ministry for Economic Cooperation and Development (BMZ). The project provides support to young adults in The Gambia specifically in these two groups, Gambian micro-entrepreneurs (Men between 18-35 years and Women between 18-45 years) and Gambians having returned to The Gambia.
The project objectives are:
German Sparkassenstiftung is looking to expand its operations in The Gambia in relation to our main core topics.