Half a million rural households in Burkina Faso, Senegal, Uganda, and Zambia have taken development into their own hands

PHOTO BY JENNIFER HUXTA/MASTERCARD FOUNDATION

What is the Expanding Financial Inclusion in Africa Project?

The core goal of EFI is to help vulnerable households improve their resilience to acute and chronic shocks, by providing them with the tools and skills they need to save and borrow money, and thereby to acquire useful lump sums that can be invested in income-generating activities or to meet household needs. The EFI project does so by promoting CRS’ Savings and Internal Lending Communities (SILC) methodology.

User-owned, self-managed, accessible, transparent
and flexible.
SILC groups thrive in rural and remote settings beyond the reach of
formal financial institutions.

EFI RESULTS

842
certified PSPs

20,273
groups

Number of members
543,220

76% of members are
women

<1%
dropout rate

Average loan
$32

Annualized
member savings
$64

Return on savings
28%

IMPACT OF OUR SAVINGS GROUPS

RESEARCH STUDIES

PHOTOS BY JENNIFER HUXTA/MASTERCARD FOUNDATION

READ MORE ABOUT SAVINGS AND LOANS GROUPS IN AFRICA

When in doubt, triangulate!

By: Ben Allen

In 2016, we at the Expanding Financial Inclusion project had a bit of a moment: our most important poverty measurement tool looked as if it might not be working in Zambia. Since the EFI project has been all about reaching ever poorer people and including them in our savings groups (Savings and Internal Lending Communities […]

PSP payments: is it possible to hit the sweet spot?

By: Ben Allen

Group payments to the trainers are the lynchpin of the PSP model: for most PSPs, income is the primary (but by no means the only) source of motivation. If payments are too low, PSP productivity will be low – or they might turn to other income generating activities. Yet if payments are too high, demand […]