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(opens in a new tab)Catholic relief services [Savings and internal lending community (SILC)]
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Go to Website (opens in a new tab)About Catholic relief services [Savings and internal lending community (SILC)]
Savings and Internal Lending Communities (SILC) in Chad is a community-based microfinance program implemented by Catholic Relief Services (CRS). It is designed to help low-income and vulnerable households save money, access small loans, and build financial resilience through self-managed community savings groups. SILC is not a formal bank or commercial lender. Instead, it is a village savings and credit system where members pool money, create a shared fund, and lend to one another based on agreed rules. The program is widely used in rural and conflict-affected communities in Chad to improve financial inclusion, household stability, and small business growth.
Amount
CFA 10,000 - CFA 1,500,000
Tenor
3 - 24 months
Min. approval time
24 hrs
Countries
Created on
May 2026
Last updated
May 2026
Requirements
The basic requirements to apply for a loan on Catholic relief services [Savings and internal lending community (SILC)] include:
- • Community Membership: Must join an approved SILC group in the community.
- • Regular Savings Contribution: Members must contribute small savings periodically (weekly or monthly).
- • Valid ID (if required locally): National or community identification may be requested.
- • Participation Agreement: Commitment to group rules and savings cycle.
- • Group Training: Must attend basic financial training sessions.
- • Trust & Community Approval: Acceptance by existing group members.
- • Basic Financial Discipline: Ability to consistently save and participate in meetings.Identify and join a local SILC group
How to Apply
To apply for a loan with Catholic relief services [Savings and internal lending community (SILC)], visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+187 7435 7277
Website
X (Formerly Twitter) Url
@Catholic relief services [Savings and internal lending community (SILC)]
