The SILC Financial Diaries: Expanding Financial Inclusion in Africa Research Program
In 2014, Catholic Relief Services (CRS) launched a two-year Financial Diaries project in Kasama, the capital of Zambia’s Northern Province, to understand the experience of low-income households that participated in the organization’s Savings and Internal Lending Communities (SILC). The project included 270 households—135 SILC households and 135 comparison households—that lived in peri-urban and rural areas around Kasama. The households were very poor—roughly 96 percent of SILC households and 92 percent of comparison households lived below the International Poverty Line of $1.90 per person per day. The study answers four research questions: income expenditure and financial use, SILC Use and Poverty, Managing Cash Flow, Gender and Economic Activity.