Resilience is the ability of some people or things to recover from a situation or disorder and return to their original state.
Financial resilience is a concept that arises so that companies, organizations and even individuals have the strength and focus needed to get back on their feet in the face of adversity. It is an ongoing process that needs to be nurtured and planned.
To keep control of the situation without despairing, you need to analyze the context, understand the difficulties and possibilities, and plan how to act in a crisis.
And the Covid 19 pandemic was and is a crisis that challenges our ability to be resilient in every way, including financially.
Understanding the importance of working together, ELAS enabled the entire team to take part in workshops on the subject, since integration between areas and the flow of information are fundamental in the face of the uncertainties that the pandemic poses.
The Financial Resilience Program, financed and executed by Prospera (International Network of Womens Funds), and the FIRE Program (Financial Innovation and Resilience) funded by the Ford Foundation and carried out by Spring Strategies, have joined forces to form a team so that ELAS can "go through the storm and come out stronger on the other side".