About us

PHOTO BY HENRY TENENBAUM

OVERVIEW

THE PROBLEM

The world’s poorest people have a great need to access financial tools and services, yet most formal financial institutions are unable to reach them.

OUR RESPONSE

To address this need, Catholic Relief Services,in collaboration with theMastercard Foundation, expanded the Savings and Internal Lending Communities model to offer vulnerable families easy, safe and regular opportunities to pool their savings, make loans to each other and earn dividends in Burkina Faso, Senegal, Uganda and Zambia.

METHODOLOGY

CRS provides training to help strengthen new savings groups, using a highly sustainable approach.  Upon completing their first annual cycle in the project, the majority of SILC groups can operate on their own.

PHOTO BY JENNIFER HUXTA/THE MASTERCARD FOUNDATION
  • 1st

    Private Service Providers form groups. Each group chooses leaders, decides on bylaws and is trained on the SILC methodology.

  • 2st

    Groups meet weekly to save.

  • 3st

    Members can borrow to invest in farming, grow their business or pay for household needs

  • 4st

    After a year, members get back their savings plus a dividend, which they can use to buy assets or invest.

Sustainability supported by Private Service Providers (PSPs) model:

  • 1st

    CRS carefully recruits and trains qualified community members on the SILC methodology and oversees their work.

  • 2st

    After 7 months they are certified as Private Service Providers

  • 3st

    PSPs work independently and are paid by groups for training and support.

PROJECT GOALS

Achieve high PSP performance

Ensure 500,000 vulnerable households experience greater financial inclusion to improve their resilience

WHERE WE WORK

Select a country for more details.

BURKINA FASO
145,255
MEMBERS*

SENEGAL
111,242
MEMBERS*

UGANDA
169,754
MEMBERS*

ZAMBIA
116,969
MEMBERS*

*AS OF 30 JUNE 2017