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Sat 17 June 2017
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By < a class = "url fn" href = "./author/thibaud-dezyn.html" > Thibaud Dezyn< / a >
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< p > Grassroots Economics currently facilitates Community Currency programs for 1140 businesses across 5 communities which report both social and economic impacts. A new program currently started in Kwale country without impact data. Both community demographics as well as impact of the Community Currency programs were surveyed.< / p >
< p > Social Impacts:< / p >
< p > Environmental Services: 57% of members (684) report Community Currency being used for environmental programs (Such as trash collection and community gardens)< / p >
< p > Willing to continue: 93% of members (1114) want the program to continue and increase the amount of Sarafu-Credit in the community.< / p >
< p > Education: 23% of members report using Sarafu-Credit for school fees (276 students with increased education)< / p >
< p > Trust: 77% of members say that trust in the community has increased.< / p >
< p > Gifting: When asked “How much over the last month did you give (in money professional services and time) to support people or groups without expecting compensation?”< / p >
< p > Non-using Groups averaged 191 KSH (equivalent) Monthly< / p >
< p > Community Currency users averaged 855 KSH (equivalent) monthly.< / p >
< p > 347.48% Higher amounts of gifting for those using Community Currency< / p >
< p > Economic Impacts:< / p >
< p > Usage with Kenyan Shillings: Based on 505 businesses surveyed across 5 networks an average of 36.6% of sales are being accepted in Community< / p >
< p > Currency:< / p >
< p > Food Security: 6% increase in daily food purchases are being made by members using Community Currency< / p >
< p > Job Creation: 17% of members report hiring new employees because of the program (206 jobs created). This is over a 100% increase from baseline.< / p >
< p > Customers: 57% of members report increases to customers and 65% report increases to sales because of the program.< / p >
< p > Member retention: Overall we have issued a zero-interest credit to 1700 members totaling roughly 7200 EUR and retained 1140 members (95%).< / p >
< p > Community Currency usage over time.(Average daily amount of CC usage). We find the longer people are in the program the more Community Currency they are using.< / p >
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< img alt = "" src = "images/blog/preliminary-research145.webp" / >
< p > #survey #sarafu< / p >
< blockquote >
< a class = "reference external" href = "https://www.grassrootseconomics.org/blog/hashtags/survey" > #survey< / a > < / blockquote >
< p > #survey< / p >
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< a class = "reference external" href = "https://www.grassrootseconomics.org/blog/hashtags/sarafu" > #sarafu< / a > < / blockquote >
< p > #sarafu< / p >
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