This case study focuses on the monitoring and evaluation of this revolving fund; you can access a detailed write up of the whole pilot here.
How is this Gender-Responsive Due Diligence?
Solidaridad has made a gender-specific review of adverse impacts in the gold mining supply chain (GRDD Step 2). This review showed that women in the small-scale mining sector in Ghana are performing low paid jobs and are not represented in mine management. The underprivileged position of women in the gold mines is a reflection of their position in the communities, which hinders women in their economic and social development. They need access to finance, support in financial literacy and access to the local business supportive infrastructure. The project focus is to pave the way for women to start businesses around the gold mines and in the communities. By focusing on this, the project tackles a systemic gender-based barrier in gold mining communities.
Following these findings, Kering’s partnership with Solidaridad focused on increasing women’s access to credit, so that women can start or improve their businesses around the mines legally (GRDD Step 3). This has been achieved via establishing savings groups for women in the mining communities, and then supporting these savings groups to increase the size of their loans via a revolving fund of $15,000, which Kering has provided.
Tracking implementation and results of the revolving fund (GRDD Step 4) has also been an important step for the project to understand how they can sustainably achieve their goal. They have done this in several ways:
- Developing indicators: Indicators were developed before starting, so that everyone knew how success was being measured and how data would be obtained.
- Allocating budget: 6% of the total budget was assigned to monitoring and evaluation – this included the completion of an outcome evaluation to assess if the intended outcomes were being achieved.
- Real time monitoring: Field officers monitored the savings groups. They not only provided technical support to the savings groups but also collected data on loans made, repayment rates, and what the loans are funding.
- Consultation: The savings groups were consulted after nine-months to understand the group’s financial needs. This informed whether a revolving fund was needed, and if so, how it should be distributed between the groups.
- Researching approaches: Solidaridad conducted extensive research into how a revolving fund would work, mindful not to disrupt savings groups, but instead enhance group capacity to provide business related loans.