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Sun 16 June 2019
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By < a class = "url fn" href = "./author/will-ruddick.html" > Will Ruddick< / a >
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< p > Resilient circular economies start with connecting productive capacity to local resources.< / p >
< p > Local fishermen pay for their children’ < / p >
< p > What if this flow of resources didn't depend on access to scares Kenyan Shillings? What if people could establish a mutual credit that would continue to stay in the community even in the worst market conditions, political crisis, natural disasters?< / p >
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< p > Communities in rural areas near Mombasa are doing just that. They join a network of local businesses and receive a free credit of 400 Tokens (soft-peg to National currency). Once various loops of trade (like above < em > fishing-> storage-> cooking-> school fees-> fishing< / em > ) are decoupled from scare or volatile Kenyan Shillings we are seeing a lot more is possible in developing local resilient economies. The ability for community members to support one another in times of need begins to grow - reaching back to a time before the introduction National Currencies when community members would take turns working on each others fields and fixing each others houses.< / p >
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< p > What is perhaps most exciting right now is the usage of Community Currencies in Savings and Lending groups ... coming soon.< / p >
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< p > < a class = "reference external" href = "https://www.grassrootseconomics.org/blog/hashtags/fishing" > #fishing< / a > < a class = "reference external" href = "https://www.grassrootseconomics.org/blog/hashtags/economics" > #economics< / a > < a class = "reference external" href = "https://www.grassrootseconomics.org/blog/hashtags/Miyani" > #Miyani< / a > < a class = "reference external" href = "https://www.grassrootseconomics.org/blog/hashtags/Mombasa" > #Mombasa< / a > < / p >
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