This skill set includes the ability to save regularly, to manage these savings so that they are protected, to lend group savings to members of the group at a reasonable interest rate. The group should be able to follow and enforce its own rules so that savings and lending decisions of the group are transparent to the group as a whole. The building of financial management skill opens up opportunities to link eventually to formal sources of finance.
Lesson 2. Types of financial services. Provides decision-making support to farmers to enable them to research a number of financial service options and decide what (or what combination) is most appropriate for them.
Lesson 3. Financial negotiations. Helps farmers individually and collectively learn negotiation skills in acquiring financial services. The lesson will be framed as a case study, using a ‘situational’ approach or role play.
Lesson 4 and 5. Basic bookkeeping I & II. Basic bookkeeping is essential to enable farmers to track expenditures, income and profits. Skills from these two lessons will be directly linked to the business plan and profitability analysis that is part of the linking farmers to markets and agroenterprise development course.
Lesson 2. Presenting the SILC approach to community members. Prepares field agents to introduce the SILC methodology to community members for them to decide whether they want to begin a SILC training process.
Lesson 2. Groups, group formation and governance. Defines conditions and characteristics of active, empowered and sustainable groups. Identifies the responsibilities of their members and a governance structure.
Lesson 3. Member responsibilities, management committee, elections. Determines responsibilities and define qualities of SILC Management Committee leaders, which leads to the election of Management Committee with desired qualities and capacities
Lesson 4. SILC constitution, savings, safety of group assets. Illustrates the importance of a written constitution and its use, the importance of documentation. Determines minimum and maximum savings and decide how and when to acquire SILC tools
Lesson 5. Loan fund policies, social fund policies. Sets policies and procedures related to loan fund management and policies and procedures related to social fund management.
Lesson 6. Meetings and constitution finalization. Sets policies related to meeting attendance, finalizes the SILC constitution, and agrees on how to share and use the SILC constitution.
Lesson 7. Written record-keeping and SILC meeting procedures I. Assesses the purpose and benefits of SILC record-keeping, the steps and sequence of conducting an efficient SILC meeting. Explains how to conduct a savings meeting with transactions, and fill in selected sections of the SILC ledger book and how the SILC meetings are evaluated.
Lesson 8. Written record-keeping and SILC meeting procedures II. Explains how to conduct a savings meeting with transactions, fill in selected sections of the SILC ledger book. Identifies helpful group behaviors and previews procedures for end-of-cycle share out.
Lesson 9. Share out meeting. Determines what to do with the SILC groups’ remaining Social Fund. Illustrates how the Secretary calculates member savings and earnings, receives the savings and earnings for the cycle, and analyzes the cycle’s financial performance. Decides when and how to analyze the completed cycle.
This is Module 3 of the course suite on
"Preparing Farmer Groups
to Engage Successfully with Markets"
This module is intended for face-to-face delivery
Managing Finances Through Internal Savings and Lendingposted May 26, 2011, 11:48 AM by Andrea Bohn
by Catholic Relief Services