Library Publications Savings and Internal Lending Communities (SILC) in Kenya

Savings and Internal Lending Communities (SILC) in Kenya

01 Dec 2007 4754
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This is a report of the evaluation study of Savings and Internal Lending Communities (SILC) in Kenya to assess its achievements, its challenges and from the lessons learned, make recommendations for expansion. It focuses on six thematic areas (human and spiritual, financial, physical, social, political and natural). The review reveals that the programme is meeting its goal of providing financial services to the poor and vulnerable communities of Kilifi, Mombasa and Malindi. The report shows that there are positive effects of the programme on financial asset strengthening, and it has improved the financial asset base of SILC members. It further adds that SILC has enabled its members to build up small savings into useful lump sums with a secure means of savings and contributions into a social fund that offers security in case of immediate emergency needs e.g. school fees and hospital admissions.
SILC is a savings led programme piloted by Catholic Relief Services (CRS) with the broad aim of supporting the poor to diversify their income generating activities.

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  • JR

    Name Daniel Njenga, Organisation self-employed on 28/4/13

    Hallo, am a resident of Lamu,have seen silc groups here being formed and the progress well. i wanted to know where can i get training to graduate as a silc teacher

  • JR

    Name Enock Gerson Ngajilo, Organisation HECCO on 21/4/13

    Type your comment here... Savings and Internal Lending Community has been proved positive result to community especially to people of non capital not only in Kenya as mentioned above but also to many societies even outside Kenya e.g. In Southern Highlands of Tanzania (Njombe Region, Makete District). Let this strategy of Savings and Lending be spread further more (in most country in Africa) for the betterment of improving the earnings of the poor people, marginalized, rejected and those who haven't enough capital to survive and to earn more.

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