Saving and Internal Lending Communities (SILCs)
for youth capacity building in the field of entrepreneurship creativity and innovation
AJECL’s entrepreneurship support targets low-income and vulnerable youth. They receive 20–40 hours of training on: Designing and managing income-generating activities, Leadership, Financial management, Nonviolent conflict resolution.
They then form community-based Saving and Internal Lending Communities (SILCs). Members start saving and offering internal loans while maintaining bank accounts in local microfinance institutions. AJECL provides startup capital as a reimbursable revolving credit fund to support their savings. After three years of accompaniment, groups become mature enough to work effectively with microfinance institutions. AJECL then collaborates with these mature groups to establish and support new SILC groups in the community.
The key activities of our intervention are combined in a complete cycle of youth capacity building in the field of entrepreneurship, creativity and innovation as usually implemented by AJECL: Training-Coaching-Funding-Coaching- Evaluating
