Dinatu Dauda once lived in Gwoza, Borno State with her husband, who was a small-scale farmer. Prior to the invasion of their community by Boko Haram insurgents, she eked a living from farm produce sales in a make-shift stall in front of her residence.
Savings and Internal Lending Communities (SILC), is a key component of the Caritas Nigeria sustainable livelihood strategy, which encourages households to cultivate the culture of saving, even from the little resources that they make as proceeds from their businesses. The SILC methodology is a holistic, savings-led microfinance approach that provides a safe place for poor households to save and borrow money to increase their income. It is rooted in the traditional community-based rotating savings and credit associations, that helps poor communities create sustainable, transparent and accessible savings platform that is managed by members of the group.Over the years, Caritas Nigeria has established and worked with more than 700 SILC groups in different communities across Nigeria, teaching them financial management to ensure sustainable livelihoods of beneficiaries and to address poverty which has plagued the country for many years now.