A Catholic Workers Savings and Loan Association is a group of 10-20 people who regularly save together and give out small loans from those savings.
CW-SLA main principles
CWM Members forming a CW SLA group should fulfil the following Criteria:
Status of CW-SLA as of 31st March 2020
We currently have 222 CW-Savings and Loan Associations with 3,660 members, we have experienced an increase of 129 members since the last quarter of 201912. The current average savings per individual member has increased from 356,389 to 435,735 and this is because most groups are about to share out with the following results by diocese:
Savings per Diocese: