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Way to Move On
Women's Savings Associations in Dakar
| Length: | 23 min |
| Released: | 2001 |
| Ages: |
College Adult |
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Senegal went through an economic crisis in the 1980's, and cut off from government support, many women emerged from their domestic roles to become breadwinners for their families. They formed collectives, called Roscas, which act like credit unions with an emotional component. Participants contribute a predetermined sum which gets redistributed to members who need short term loans to run their business.
The women are able to raise their families' standard of living by raising and selling food crops, or making handicrafts. They meet regularly, share problems and help one another out. It is a cooperative very much in keeping with the African sense of community. The Rosca movement may be a key out of poverty.
The women are able to raise their families' standard of living by raising and selling food crops, or making handicrafts. They meet regularly, share problems and help one another out. It is a cooperative very much in keeping with the African sense of community. The Rosca movement may be a key out of poverty.
