With access to financial services a major challenge, CRS’ savings groups enable participants to better manage finances and grow sustainable livelihoods.
Access to financial services enables savings group members to increase earnings that in turn fuel more savings and investments.
Savings and Internal Lending Communities help poor families save and build assets.
A CRS program helped with agriculture, finances, and hygiene and sanitation to set vulnerable families on the path to prosperity.
CRS' SILC–Saving and Internal Lending Communities program–enables people to break the cycle of poverty.
During its decades of microfinance practice, CRS has focused on serving the poorest of the poor, primarily women and vulnerable populations living in remote rural communities for whom the cost of accessing financial services is very high. CRS began its microfinance work in 1988 by building the...