• Quarry Drive, Donholm Nairobi Kenya
  • +254 776 826 051
  • contact@misseastlands.org
#PoolSavings

Creating economic opportunities for vulnerable youth living in impoverished areas through forming groups, pool their savings and make loans to each other.

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About Savings-Led Microfinance

Our Savings and Internal Lending Community (SILC) methodology is a holistic, savings-led microfinance approach that provides a safe avenue for poor and vulnerable youth in Eastlands’ slums and informal settlements to save and borrow to increase their income. The goal is to help members better manage their existing resources by teaching them basic financial management skills.

We help poor and vulnerable youth as well as young and at most risk lactating mothers create highly sustainable, accessible, transparent, flexible and self-managed Savings and Internal Lending Communities. Through facilitation, we help the poor and vulnerable youth to build up useful lump sums without incurring excessive debt or interest charges.

The SILC process helps protect members’ limited resources by shifting their money from poorly protected informal locations such as under the mattress to investments in group members’ businesses. The approach provides a positive return (dividend) on their savings.

The accumulation of savings and the subsequent ability to access flexible credit through an internal lending mechanism leads to greater financial resilience among participating youth from different households as they are able to invest in productive assets including small business activities.

HOW WE DO IT

From day one, SILC groups are owned and managed by their members.

This ensures the longterm sustainability and financial independence of the groups. Participation in SILC increases social cohesion by building trust among members, which results in greater financial inclusion of marginalized youth and young at most risk lactating mothers groups,
who are often excluded from formal financial services.

To address the need for sustained community-level financial services, we are using a market-based strategy that enables local social entrepreneurs to expand savings group services on a fee-for-service basis anywhere there is demand. The social entrepreneurs are paid directly by the savings groups, resulting in an easily replicable and self-sustainable savings-led program. Social entrepreneurs earn an income as they help create and support groups, while groups receive support from a qualityassured service provider independent of our support.

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Why Savings And Internal Lending Communities (SILC)?

Most formal financial institutions are unable to reach Eastlands poorest people, who greatly need access to financial
services. To address this need, we help community members to form groups, pool their savings and make loans to each
other to create economic opportunities for them.
We provide training and capacity strengthening to new savings groups, using a highly sustainable market-based approach.
Upon completing their first 12-month cycle, groups can operate on their own.


Be a part of our microfinance movement!
Donate today to help youth savings groups in Eastlands.

Our microfinance program is committed to serving vulnerable youth and young at most risk lactating mothers in slums and informal settlements of Nairobi’s
Eastlands, who are often self-employed and have little or no access to formal credit or savings services. We are strategically targeting vulnerable youth and
young at most risk lactating mothers to uplift their families and the community at large.
When you give, you help our youth and young vulnerable lactating mothers join savings groups, receive training and improve their families’ lives and their
communities. This is an effort to reduce the rampant newborn dumping cases by young mothers.

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