CRS and Savings-led Microfinance: Our Approach and Strategy

CRS’ Savings and Internal Lending Communities (SILC) methodology is a holistic, savings-led microfinance approach that provides a safe place for poor households to save and borrow. The goal is to help these households better manage their existing resources by teaching them basic financial management skills and providing them with the tools to achieve this, i.e., a savings facility and means to borrow money and accumulate useful lump sums. This 2-page document describes CRS' SILC approach and strategy.