Small scale fishing communities were heavily impacted by the COVID-19 pandemic. Reduced demand for seafood due to the disruption in distribution and decline in tourism led to reduced seafood prices, resulting in a significant drop in household income. Having access to alternative livelihoods and/or access to savings helped to mitigate this loss in income. 

Alternative livelihood programmes can increase local resilience to economic shocks. Alternatives accessed during the COVID-19 crisis included seaweed and sea cucumber farming, drying or smoking fish to preserve and store it until markets recover and collectors return.

Community-led savings and loans groups have provided a critical buffer against financial difficulties as they enable people to save money and access credit in remote areas where this would otherwise not be possible. These locally led community groups pool together their savings in order to address financial hardship and provide loans to those most in need within their group.