The AgResults Senegal Crop Storage Finance Challenge Project (the “Project”), aims to use a private sector prize competition to incentivize uptake of WRS among SHF in Senegal. The project’s objectives are the following:
1. Increase SHF incomes.
2. Increase SHF food security.
To achieve these objectives, AgResults will implement a prize mechanism to award monetary prizes to private sector competitors, including producer groups, that 1) successfully obtain a WRS license from the MoC’s licensing agency, and 2) successfully store SHF crops using such a scheme. The project will award prizes to competitors obtaining a WRS license on a rolling basis, and to competitors successfully storing crops on an annual basis.