diff --git a/content/blog/2021-mid.rst b/content/blog/2021-mid.rst index 232e74e..61f890a 100644 --- a/content/blog/2021-mid.rst +++ b/content/blog/2021-mid.rst @@ -1,6 +1,6 @@ :title: 2021 Mid Year CIC Update :author: Will Ruddick -:date: May 11 +:date: May 11 2021 :slug: 2021-mid :summary: We grew from a few thousands users to over 50,000 and have seen roughly 3 Million USD worth of trade between users for basic needs. diff --git a/content/blog/claims-currencies.rst b/content/blog/claims-currencies.rst index 752d39a..f13aab2 100644 --- a/content/blog/claims-currencies.rst +++ b/content/blog/claims-currencies.rst @@ -1,6 +1,6 @@ :title: Claims, Currencies and Cryptography :author: Will Ruddick -:date: Jun 22 +:date: Jun 22 2021 :slug: claims-currencies :modified: Jun 29 :summary: We need frameworks and protocols for various types of endorsed claims that can be held self-sovereignty by individuals and groups. diff --git a/content/blog/community-currencies.rst b/content/blog/community-currencies.rst index 76c72b9..94f25ee 100644 --- a/content/blog/community-currencies.rst +++ b/content/blog/community-currencies.rst @@ -1,6 +1,6 @@ :title: Community Currencies and DEX Multitudes :author: Will Ruddick -:date: Jan 7 +:date: Jan 7 2021 :slug: community-currencies :summary: Decentralized Exchange (DEX) Contracts contain multitudes. There are nearly infinite ways to use them to connect blockchain contracts... diff --git a/content/blog/community-currency.rst b/content/blog/community-currency.rst index f5647ce..cc300a9 100644 --- a/content/blog/community-currency.rst +++ b/content/blog/community-currency.rst @@ -9,27 +9,17 @@ - +.. image:: images/blog/community-currency1.webp Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course in Kenya. After having our first round of students this year with great results, we are excited to open up enrollment to students across Africa and abroad. - +Become a `certified Community Currency designer `_. -Become a certified Community Currency designer. - - - -Become a certified Community Currency designer. - - `certified Community Currency designer `_ - - - After understanding how to tap into the abundance of communities and build resilient thriving local economies you will never look at money in the same way. @@ -38,7 +28,7 @@ After understanding how to tap into the abundance of communities and build resil - `Click here to inquire about the course `_ +`Click here to inquire about the course `_ @@ -48,18 +38,10 @@ This course will immerse you into the world of Community Currencies as a tool fo - - - - Topical Outline: - - - - Community Currency Theory:development economics, history of money, financial systems and debt, currency models, goals standards and ethics. @@ -68,60 +50,6 @@ Community Currency Theory:development economics, history of money, financial sys Preparation & Development: community participation and ownership, system design, voucher creation, communications, partnerships, and legality. - - -Preparation & Development: community participation and ownership, system design, voucher creation, communications, partnerships, and legality. - - - - -Preparation & Development: community participation and ownership, system design, voucher creation, communications, partnerships, and legality. - - - - -Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. - -Long Term Care: long-term support, audits, Community Currency renewal. - - - - -Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. - -Long Term Care: long-term support, audits, Community Currency renewal. - - - - -Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. - -Long Term Care: long-term support, audits, Community Currency renewal. - - - - -Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. - -Long Term Care: long-term support, audits, Community Currency renewal. - - - - -Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. - -Long Term Care: long-term support, audits, Community Currency renewal. - - - - -Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. - -Long Term Care: long-term support, audits, Community Currency renewal. - - - - Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing. Long Term Care: long-term support, audits, Community Currency renewal. @@ -134,33 +62,11 @@ Management: system maintenance, legal reporting, accounting, currency circulatio -Management: system maintenance, legal reporting, accounting, currency circulation, administration, data collection, and personnel. - - - - -Management: system maintenance, legal reporting, accounting, currency circulation, administration, data collection, and personnel. - - - Fieldwork: on-the-ground survey work and interviews; lessons learned from previous Community Currency models; taking part in community currency events and activities; economic resource mapping. -Fieldwork: on-the-ground survey work and interviews; lessons learned from previous Community Currency models; taking part in community currency events and activities; economic resource mapping. - - - - -Fieldwork: on-the-ground survey work and interviews; lessons learned from previous Community Currency models; taking part in community currency events and activities; economic resource mapping. - - - - - - - Schedule: The course covers five days of classroom and field experiences but can be shortened to as little as three days to meet the needs of the students. diff --git a/content/blog/community-inclusion.rst b/content/blog/community-inclusion.rst index ea043ed..b74a3e7 100644 --- a/content/blog/community-inclusion.rst +++ b/content/blog/community-inclusion.rst @@ -7,8 +7,7 @@ - -.. image:: images/blog/community-inclusion18.webp +.. image:: images/blog/community-inclusion1.webp @@ -24,26 +23,14 @@ We’ve been waiting for this since 2015 when we first started using USSD to con - - - - This means we can fully customize the system to: - - -This means we can fully customize the system to: - - - -This means we can fully customize the system to: - - * Use any blockchain, smart contracts or reserve tokens. - * From virtual backing to on-chain collateral for CICs - * Improve speeds and usability: - * Wallet Creation and Registration process: 15 minutes to 2 minutes - * Transaction and Validation Process: 2+ minutes to 5 seconds - * Provide real time support for user challenges +* Use any blockchain, smart contracts or reserve tokens. +* From virtual backing to on-chain collateral for CICs +* Improve speeds and usability: +* Wallet Creation and Registration process: 15 minutes to 2 minutes +* Transaction and Validation Process: 2+ minutes to 5 seconds +* Provide real time support for user challenges These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to support their local communities across Kenya. CICs allow users to easily create shares of pooled funds in national currency as a medium of exchange for local goods and services. We’re so appreciative to stand on the shoulders of giants like Eyal Hertzog (and the Bancor team's open source smart contract), as well as Friedrich Hayek and Bernard Lietear with their vision for multi-currency ecosystems. @@ -52,15 +39,13 @@ These may sound like small improvements, but because of them our current, 8000+ - **What’s left to do?** +**What’s left to do?** -What’s left to do? - - * Analysis and Modeling: BlockScience and researchers with on the ground pioneer communities - * Improving the platform: Volunteer programmers and teams with security audits while reacting to user feedback - * Dashboarding and Support: Gender, Business types, transaction data, SDG Impacts. How can detailed CIC economic data be used to help marginalized economies become resilient? - * User Guides and Materials: Red Cross and users, translations, localizations, modular systems and local customizations +* Analysis and Modeling: BlockScience and researchers with on the ground pioneer communities +* Improving the platform: Volunteer programmers and teams with security audits while reacting to user feedback +* Dashboarding and Support: Gender, Business types, transaction data, SDG Impacts. How can detailed CIC economic data be used to help marginalized economies become resilient? +* User Guides and Materials: Red Cross and users, translations, localizations, modular systems and local customizations @@ -98,26 +83,7 @@ Note that we are rebuilding the code base and will not be using Sempo's system i - - +`#opensource `_ `#RedCross `_ `#CIC `_ -#opensource #RedCross #CIC - - - -#opensource #RedCross #CIC - - `#opensource `_ - -#opensource - - `#RedCross `_ - -#RedCross - - `#CIC `_ - -#CIC - diff --git a/content/blog/comparative-analysis.rst b/content/blog/comparative-analysis.rst index 8b73db4..9ef1e80 100644 --- a/content/blog/comparative-analysis.rst +++ b/content/blog/comparative-analysis.rst @@ -6,28 +6,11 @@ :summary: This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is sc - **Introduction +**Introduction** Sarafu is a network of interoperable community currencies implemented by Grassroots Economics, aimed at eradicating poverty through the creation of endogenous credit in the marginalized communities (Ruddick et al., 2018). In Kenya the Sarafu network has been implemented in communities living below the poverty threshold in both rural areas and urban slums. One of the most successful cases of such implementation is that of Miyani, part of the Kasameni sub-location, where the community currency spread to more than 4800 users at the time of this study. Sarafu is, however, only the most recent step on the path of financial innovation for the inclusion of marginalized communities in Kenya. As Edwards (Edwards, 2016 p.2016) shows, for instance, mentioning the case of M-Pesa:** -Introduction - -Sarafu is a network of interoperable community currencies implemented by Grassroots Economics, aimed at eradicating poverty through the creation of endogenous credit in the marginalized communities (Ruddick et al., 2018). In Kenya the Sarafu network has been implemented in communities living below the poverty threshold in both rural areas and urban slums. One of the most successful cases of such implementation is that of Miyani, part of the Kasameni sub-location, where the community currency spread to more than 4800 users at the time of this study. Sarafu is, however, only the most recent step on the path of financial innovation for the inclusion of marginalized communities in Kenya. As Edwards (Edwards, 2016 p.2016) shows, for instance, mentioning the case of M-Pesa: - - - -Introduction - -Sarafu is a network of interoperable community currencies implemented by Grassroots Economics, aimed at eradicating poverty through the creation of endogenous credit in the marginalized communities (Ruddick et al., 2018). In Kenya the Sarafu network has been implemented in communities living below the poverty threshold in both rural areas and urban slums. One of the most successful cases of such implementation is that of Miyani, part of the Kasameni sub-location, where the community currency spread to more than 4800 users at the time of this study. Sarafu is, however, only the most recent step on the path of financial innovation for the inclusion of marginalized communities in Kenya. As Edwards (Edwards, 2016 p.2016) shows, for instance, mentioning the case of M-Pesa: - - - -Introduction - -Sarafu is a network of interoperable community currencies implemented by Grassroots Economics, aimed at eradicating poverty through the creation of endogenous credit in the marginalized communities (Ruddick et al., 2018). In Kenya the Sarafu network has been implemented in communities living below the poverty threshold in both rural areas and urban slums. One of the most successful cases of such implementation is that of Miyani, part of the Kasameni sub-location, where the community currency spread to more than 4800 users at the time of this study. Sarafu is, however, only the most recent step on the path of financial innovation for the inclusion of marginalized communities in Kenya. As Edwards (Edwards, 2016 p.2016) shows, for instance, mentioning the case of M-Pesa: - - @@ -42,142 +25,42 @@ The achievement that the Sarafu network brings about is the chance to create and -The achievement that the Sarafu network brings about is the chance to create and use a complementary currency, helping the communities to overcome the scarcity of national currency, which is accepted 1:1 with the national currency by the local businesses. It has been shown to provide a liquid means of exchange to the members of the communities that effectively incentivizes local production through its circulation, and to have helped the users to increase their savings in Kenya Shillings, as Marion Cauvet has shown (Cauvet, 2018). - - - - -The achievement that the Sarafu network brings about is the chance to create and use a complementary currency, helping the communities to overcome the scarcity of national currency, which is accepted 1:1 with the national currency by the local businesses. It has been shown to provide a liquid means of exchange to the members of the communities that effectively incentivizes local production through its circulation, and to have helped the users to increase their savings in Kenya Shillings, as Marion Cauvet has shown (Cauvet, 2018). - - - - In order to provide further evidence for the impact of Sarafu, its circulation will be analysed and compared to that of other eMoney services in Kenya used by the sample group. This comparison is also important, because eMoney is one of the few alternative means of exchange to cash in areas such as Miyani, since very few of its inhabitants have a bank account, and, therefore, it is difficult to find reliable data relative to the circulation of national currency. -In order to provide further evidence for the impact of Sarafu, its circulation will be analysed and compared to that of other eMoney services in Kenya used by the sample group. - -This comparison is also important, because eMoney is one of the few alternative means of exchange to cash in areas such as Miyani, since very few of its inhabitants have a bank account, and, therefore, it is difficult to find reliable data relative to the circulation of national currency. - - - -In order to provide further evidence for the impact of Sarafu, its circulation will be analysed and compared to that of other eMoney services in Kenya used by the sample group. - -This comparison is also important, because eMoney is one of the few alternative means of exchange to cash in areas such as Miyani, since very few of its inhabitants have a bank account, and, therefore, it is difficult to find reliable data relative to the circulation of national currency. - - - -In order to provide further evidence for the impact of Sarafu, its circulation will be analysed and compared to that of other eMoney services in Kenya used by the sample group. - -This comparison is also important, because eMoney is one of the few alternative means of exchange to cash in areas such as Miyani, since very few of its inhabitants have a bank account, and, therefore, it is difficult to find reliable data relative to the circulation of national currency. - - - -In order to provide further evidence for the impact of Sarafu, its circulation will be analysed and compared to that of other eMoney services in Kenya used by the sample group. - -This comparison is also important, because eMoney is one of the few alternative means of exchange to cash in areas such as Miyani, since very few of its inhabitants have a bank account, and, therefore, it is difficult to find reliable data relative to the circulation of national currency. - - - **Analysis of the Transactions +**Analysis of the Transactions** The sample consists of 6 individuals living in the Miyani area (4 men and 2 women), who voluntarily disclosed their eMoney transactions, which have been compared to the transaction dataset stored on the Sarafu open source blockchain-based database. The period considered is the Semester between June and December 2019. However small, the sample is considered to be representative of the population of Miyani.** -Analysis of the Transactions - -The sample consists of 6 individuals living in the Miyani area (4 men and 2 women), who voluntarily disclosed their eMoney transactions, which have been compared to the transaction dataset stored on the Sarafu open source blockchain-based database. The period considered is the Semester between June and December 2019. However small, the sample is considered to be representative of the population of Miyani. - - - -Analysis of the Transactions - -The sample consists of 6 individuals living in the Miyani area (4 men and 2 women), who voluntarily disclosed their eMoney transactions, which have been compared to the transaction dataset stored on the Sarafu open source blockchain-based database. The period considered is the Semester between June and December 2019. However small, the sample is considered to be representative of the population of Miyani. - - - -Analysis of the Transactions - -The sample consists of 6 individuals living in the Miyani area (4 men and 2 women), who voluntarily disclosed their eMoney transactions, which have been compared to the transaction dataset stored on the Sarafu open source blockchain-based database. The period considered is the Semester between June and December 2019. However small, the sample is considered to be representative of the population of Miyani. - - - - All the individuals considered used both traditional e-money and Sarafu. The data show that the 6 users analysed, conducted 578 transactions through Sarafu worth a total volume of 185,666 and 685 through E-money worth 148,757 Kenya Shillings. -All the individuals considered used both traditional e-money and Sarafu. The data show that the 6 users analysed, conducted 578 transactions through Sarafu worth a total volume of 185,666 and 685 through E-money worth 148,757 Kenya Shillings. + +.. image:: images/blog/comparative-analysis1.webp -All the individuals considered used both traditional e-money and Sarafu. The data show that the 6 users analysed, conducted 578 transactions through Sarafu worth a total volume of 185,666 and 685 through E-money worth 148,757 Kenya Shillings. - - - -.. image:: images/blog/comparative-analysis44.webp - - - - - - Over the whole time period transactions in Sarafu produced a volume roughly 24,8% higher than those in Kenya Shillings via eMoney. -Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively. +Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). **This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce**. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively. -Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively. - - - - -Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively. - - **Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively.** - - - -Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively. - - - - - - - -By analysing more in detail the eMoney transactions, however, it can be noticed that the overall outflow consists of: 26744 Ksh transferred to other accounts, 33823 Ksh withdrawals and 12456 Ksh used to pay bills. -Conversely, in the same time period, Sarafu were mainly spent among local businesses for buying farm produce(42221), fish(36626), vegetables (30295), water (27321), to save or to take loans from the chama, that is a savings and loans association (26600). - - - -By analysing more in detail the eMoney transactions, however, it can be noticed that the overall outflow consists of: 26744 Ksh transferred to other accounts, 33823 Ksh withdrawals and 12456 Ksh used to pay bills. -Conversely, in the same time period, Sarafu were mainly spent among local businesses for buying farm produce(42221), fish(36626), vegetables (30295), water (27321), to save or to take loans from the chama, that is a savings and loans association (26600). - - - -By analysing more in detail the eMoney transactions, however, it can be noticed that the overall outflow consists of: 26744 Ksh transferred to other accounts, 33823 Ksh withdrawals and 12456 Ksh used to pay bills. -Conversely, in the same time period, Sarafu were mainly spent among local businesses for buying farm produce(42221), fish(36626), vegetables (30295), water (27321), to save or to take loans from the chama, that is a savings and loans association (26600). - - - -By analysing more in detail the eMoney transactions, however, it can be noticed that the overall outflow consists of: 26744 Ksh transferred to other accounts, 33823 Ksh withdrawals and 12456 Ksh used to pay bills. -Conversely, in the same time period, Sarafu were mainly spent among local businesses for buying farm produce(42221), fish(36626), vegetables (30295), water (27321), to save or to take loans from the chama, that is a savings and loans association (26600). - - By analysing more in detail the eMoney transactions, however, it can be noticed that the overall outflow consists of: 26744 Ksh transferred to other accounts, 33823 Ksh withdrawals and 12456 Ksh used to pay bills. Conversely, in the same time period, Sarafu were mainly spent among local businesses for buying farm produce(42221), fish(36626), vegetables (30295), water (27321), to save or to take loans from the chama, that is a savings and loans association (26600). @@ -186,25 +69,9 @@ Conversely, in the same time period, Sarafu were mainly spent among local busin - **Preliminary Results +**Preliminary Results** The volume of the exchanges, differed significantly, showing that Sarafu circulated faster than the emoney in the period considered. Moreover, it is evident that the majority of Sarafu were spent among local businesses, whereas a larger portion of the Kenya Shillings circulating were withdrawn. Furthermore Sarafu, even though it was implemented only in 2017 in the Miyani area (Cauvet, 2018), plays a fundamental role in the life of these inhabitants of Miyani, who benefit from the interaction between the national currency and the alternative currency to meet their everyday needs. More specifically, evidence shows that Sarafu worked as a counter-cyclical buffer, bringing stability to the local economic system, and fostered circulation of goods and services also through traditional e-money, as it can be noticed from the fact that the overall volume exchanged not only in Sarafu, but also that in Kenya Shillings increased over the time period. Due to the scarcity of data, however, the conclusions achieved are only partial, and, therefore, further research should confirm the findings.** - -Preliminary Results -The volume of the exchanges, differed significantly, showing that Sarafu circulated faster than the emoney in the period considered. Moreover, it is evident that the majority of Sarafu were spent among local businesses, whereas a larger portion of the Kenya Shillings circulating were withdrawn. Furthermore Sarafu, even though it was implemented only in 2017 in the Miyani area (Cauvet, 2018), plays a fundamental role in the life of these inhabitants of Miyani, who benefit from the interaction between the national currency and the alternative currency to meet their everyday needs. More specifically, evidence shows that Sarafu worked as a counter-cyclical buffer, bringing stability to the local economic system, and fostered circulation of goods and services also through traditional e-money, as it can be noticed from the fact that the overall volume exchanged not only in Sarafu, but also that in Kenya Shillings increased over the time period. Due to the scarcity of data, however, the conclusions achieved are only partial, and, therefore, further research should confirm the findings. - - - -Preliminary Results -The volume of the exchanges, differed significantly, showing that Sarafu circulated faster than the emoney in the period considered. Moreover, it is evident that the majority of Sarafu were spent among local businesses, whereas a larger portion of the Kenya Shillings circulating were withdrawn. Furthermore Sarafu, even though it was implemented only in 2017 in the Miyani area (Cauvet, 2018), plays a fundamental role in the life of these inhabitants of Miyani, who benefit from the interaction between the national currency and the alternative currency to meet their everyday needs. More specifically, evidence shows that Sarafu worked as a counter-cyclical buffer, bringing stability to the local economic system, and fostered circulation of goods and services also through traditional e-money, as it can be noticed from the fact that the overall volume exchanged not only in Sarafu, but also that in Kenya Shillings increased over the time period. Due to the scarcity of data, however, the conclusions achieved are only partial, and, therefore, further research should confirm the findings. - - - -Preliminary Results -The volume of the exchanges, differed significantly, showing that Sarafu circulated faster than the emoney in the period considered. Moreover, it is evident that the majority of Sarafu were spent among local businesses, whereas a larger portion of the Kenya Shillings circulating were withdrawn. Furthermore Sarafu, even though it was implemented only in 2017 in the Miyani area (Cauvet, 2018), plays a fundamental role in the life of these inhabitants of Miyani, who benefit from the interaction between the national currency and the alternative currency to meet their everyday needs. More specifically, evidence shows that Sarafu worked as a counter-cyclical buffer, bringing stability to the local economic system, and fostered circulation of goods and services also through traditional e-money, as it can be noticed from the fact that the overall volume exchanged not only in Sarafu, but also that in Kenya Shillings increased over the time period. Due to the scarcity of data, however, the conclusions achieved are only partial, and, therefore, further research should confirm the findings. - - - @@ -214,47 +81,14 @@ The volume of the exchanges, differed significantly, showing that Sarafu circula https://github.com/GrassrootsEconomics/TransactionDatasets - - - -https://github.com/GrassrootsEconomics/TransactionDatasets - - - - - -https://github.com/GrassrootsEconomics/TransactionDatasets - - `https://github.com/GrassrootsEconomics/TransactionDatasets `_ - - *The transaction data relative to the traditional forms of E-money were collected by Sowelu Avanzo, a student of the University of Torino, while he was conducting the fieldwork for his research on the Sarafu network in Miyani from October to December 2019. For more information on this ongoing research contact sowelu94@gmail.com* - `sowelu94@gmail.com `_ - -#research #eMoney #mpesa #communitycurrency +*The transaction data relative to the traditional forms of E-money were collected by Sowelu Avanzo, a student of the University of Torino, while he was conducting the fieldwork for his research on the Sarafu network in Miyani from October to December 2019. For more information on this ongoing research contact* `sowelu94@gmail.com `_. -#research #eMoney #mpesa #communitycurrency + +`#research `_ `#eMoney `_ `#mpesa `_ `#communitycurrency `_ -#research #eMoney #mpesa #communitycurrency - - `#research `_ - -#research - - `#eMoney `_ - -#eMoney - - `#mpesa `_ - -#mpesa - - `#communitycurrency `_ - -#communitycurrency - diff --git a/content/blog/complementary-currency.rst b/content/blog/complementary-currency.rst index ddad61b..6050269 100644 --- a/content/blog/complementary-currency.rst +++ b/content/blog/complementary-currency.rst @@ -16,16 +16,11 @@ Bangladesh, Kenya is an informal settlement of approximatly 20 000 inhabitants a - - - The purpose of these sessions was to: - - 1. Gauge business community interest in Complementary Currencies (mutual credit). 2. Identify benefits and challenges of a Complementary Currency @@ -42,53 +37,28 @@ The purpose of these sessions was to: - - - For a full report on the first two meetings visit: -Meeting 1 -Meeting 2 - - - -Meeting 1 -Meeting 2 - - `Meeting 1 `_ `Meeting 2 `_ +| `Meeting 1 `_ +| `Meeting 2 `_ - +| These meetings will continue in January and help lead the way for base line data collection, community ownership and implementation. -.. image:: images/blog/complementary-currency52.webp +.. image:: images/blog/complementary-currency1.webp - +`#complementarycurrencies `_ `#bangla `_ - - - - - -#complementarycurrencies #bangla - - `#complementarycurrencies `_ - -#complementarycurrencies - - `#bangla `_ - -#bangla - diff --git a/content/blog/covid-19-blockchain.rst b/content/blog/covid-19-blockchain.rst index b146fa1..aff1b2f 100644 --- a/content/blog/covid-19-blockchain.rst +++ b/content/blog/covid-19-blockchain.rst @@ -6,9 +6,9 @@ :summary: Since we started using blockchain for CICs in September 2018 we have seen nearly half a million dollars (482k USD) worth of trade via 154k t - ` `_ -.. image:: images/blog/covid-19-blockchain18.webp + +.. image:: images/blog/covid-19-blockchain1.webp @@ -27,18 +27,10 @@ Since January $26,300 USD from donors have been used via Mpesa (eMoney) to purch Comparing transaction volume to donor aid since January we see 18.3x the amount of volume compared to the donor aid injected. See our dashboard below: - **Since January $26,300 USD from donors have been used via Mpesa (eMoney) to purchase these vouchers 1:1 from chamas (savings groups) and redistribute them to other needy members. These donor injections help peg the value of a CIC to National Currency and give women's groups the ability to purchase things not available in the network. -Comparing transaction volume to donor aid since January we see 18.3x the amount of volume compared to the donor aid injected. See our dashboard below:** +https://dashboard.sarafu.network/ - -Since January $26,300 USD from donors have been used via Mpesa (eMoney) to purchase these vouchers 1:1 from chamas (savings groups) and redistribute them to other needy members. These donor injections help peg the value of a CIC to National Currency and give women's groups the ability to purchase things not available in the network. - -Comparing transaction volume to donor aid since January we see 18.3x the amount of volume compared to the donor aid injected. See our dashboard below: - - ` `_ - .. image:: images/blog/covid-19-blockchain45.webp @@ -61,24 +53,10 @@ There has been a huge increase in usage since COVID-19 and specifically in Mukur $2,780 USD of donor funds have been used via Mpesa (1:1 with National Currency) to purchase back these vouchers from chamas. -Comparing transaction volume to donor aid for Kayaba we see 34x the amount of volume compared to injected donor funds. +Comparing transaction volume to donor aid for Kayaba we see **34x** the amount of volume compared to injected donor funds. Note that out of the 2,588 registered users in Kayaba 2,072 were registered since April 6th (starting with 516 users). That is a growth of 501.5% since Covid-19. - **$2,780 USD of donor funds have been used via Mpesa (1:1 with National Currency) to purchase back these vouchers from chamas. - -Comparing transaction volume to donor aid for Kayaba we see 34x the amount of volume compared to injected donor funds. - -Note that out of the 2,588 registered users in Kayaba 2,072 were registered since April 6th (starting with 516 users). That is a growth of 501.5% since Covid-19.** - - -$2,780 USD of donor funds have been used via Mpesa (1:1 with National Currency) to purchase back these vouchers from chamas. - -Comparing transaction volume to donor aid for Kayaba we see 34x the amount of volume compared to injected donor funds. - -Note that out of the 2,588 registered users in Kayaba 2,072 were registered since April 6th (starting with 516 users). That is a growth of 501.5% since Covid-19. - - The photo above is a Kenya Red Cross trained Community Based Disaster Response Team member helping to spread awareness about COVID-19 in Mukuru, while also helping people identify where they can use their CICs to purchase basic commodities like soap, water and food, as well as where those shops can purchase from other shops and service providers in the network to encourage the community to support each other even when National Currency is scarce. diff --git a/content/blog/currency-123.rst b/content/blog/currency-123.rst index b3f6d8d..4547d75 100644 --- a/content/blog/currency-123.rst +++ b/content/blog/currency-123.rst @@ -10,10 +10,7 @@ A Community Inclusion Currency (CIC) is way to transparently establish a credit system to enable local markets to thrive and link together, forming resilient and inclusive economies. While these steps are a simplification of a process that involves a lot of planning, modeling and governance - it is important to share our understandings and we invite collaboration as we use and develop open source technologies, models, and practical methods. - **Step 1 Primary Backing.** - - -Step 1 Primary Backing. +**Step 1 Primary Backing.** @@ -21,7 +18,7 @@ Involves establishing the amount of currency (aka tokens or promissory notes) be -.. image:: images/blog/currency-12328.webp +.. image:: images/blog/currency-1231.webp @@ -29,13 +26,11 @@ In example, an individual business could back a CIC with staged redemption of a -In example, an individual business could back a CIC with staged redemption of a year's worth of goods or services (goats and hair cuts). - If a CIC has 100,000 EUR of backing committed from a group of, say 10, business over a year and each business is allocated 10,000 CIC tokens, those businesses could begin to trade with each other while seeking to keep their balance at 10,000 CICs (called credit clearing). Determining how many tokens to create involves an estimation of how much any one business can both spend and redeem them over time and the size of the network begin created. If you are bakery and have committed 10k EUR of bread over a year to be redeemed in CICs (and are allocated 10k CICs) - will you be able to spend those CICs again as fast as you redeem them? And if not, how many can you afford to accumulate? If all 100,000 CIC tokens come back to you what would happen to your business? Are you guaranteed to be able to spend them? What if an issuer goes insolvent and you can no longer redeem the CIC for the primary backing? In step 2 we seek to de-risk the CIC by creating a contractual guarantee - while also creating a way for future CICs to be created and even traded with other communities. - **Step 2 Guarantee a Reserve** +**Step 2 Guarantee a Reserve** While Primary Backing alone has created stable currencies with examples around the world like Canadian Tire Dollars, issuer(s) can avoid pitfalls that have caused thousands of such systems to stagnate or collapse by adding a reserve (aka collateral). A reserve gives CIC holders a guarantee of redemption while also creating a mechanism to create more CICs and connect one CIC to another with automated pricing. @@ -48,10 +43,10 @@ While Primary Backing alone has created stable currencies with examples around t Reserves help to: - * Increase trust and acceptance of a larger community. - * Guarantee backing of the CIC in case of issuer insolvency or delays in redemption of the primary backing. - * Establish an automatic exchange value of one CIC to another without having to audit the primary backing. - * Establish a transparent and fair way to create and destroy CIC tokens. +* Increase trust and acceptance of a larger community. +* Guarantee backing of the CIC in case of issuer insolvency or delays in redemption of the primary backing. +* Establish an automatic exchange value of one CIC to another without having to audit the primary backing. +* Establish a transparent and fair way to create and destroy CIC tokens. A reserve can be created transparently on a mathematically binding blockchain based contract with strict permissions and equations that govern the exchange of CICs for the reserve (aka Bonding Curve). @@ -68,993 +63,13 @@ A CIC issuer(s) must decide how to setup this contract - below are the current o -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - **A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).** - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite): - -1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted. -2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR). -3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts. -4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool. -5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs). - - - -A - - - -CIC - - - -issuer - - - -( - - - -) - - - -this - - - -- - - - -for - - - -CIC - - - -contract - - - -( - - - -in - - - -) - - - -: - - - -1. - - - -reserve - - - -( - - - -) - - - -? - - - -DAI - - - -( - - - -US - - - -) - - - -. - - - -2. - - **in** - **?** - - -set - - - -'full' - - - -reserve - - - -( - - - -) - - - -25 - - - -% - - - -of - - - -of - - - -CIC - - - -( - - - -in - - - -) - - - -. - - **Ratio** - **(** - **TRR** - **)** - **.** - - -3. - - - -? - - **-** - **.** - - -? - - - -. - - - -4. - - - -for - - - -if - - - -? - - - -A - - - -in - - - -of - - - -. - - - -. - - - -5. - - - -of - - - -? - - - -fee - - - -( - - - -if - - - -) - - - -, - - **-** - - -CICs - - - -( - - - -of - - - -) - - - -. - - - .. image:: images/blog/currency-123187.webp Once the contract has been designed and the collateral has been obtained - (eg. the issuers may be turning US dollars into DAI or creating their own reserve token) and added to the contract - the contract will also take control of the CIC token itself and will be solely able to issue or redeem CICs based on the variables given above and the equations below (aka bonding curve equations). We start out CICs in Kenya with an exchange price of 1. (See the equation above that determines the exchange price.) The reserve is considered full at a fixed community chosen Target Reserve Ratio (TRR) to the CIC in supply. When the reserve is full (say at $25,000 Dollars in Reserve and there are a total of 100,000 CIC tokens (backed by goods and services of the issuers) and the TRR is also 25%) then the exchange price to reserve is 1. (1:1) We will discuss exchanging between CICs and reserve in the next section. - **Step 3 Open Reserve to Market:** +**Step 3 Open Reserve to Market:** Again, getting past steps one and two are not trivial and require a lot of considerations and good governance! But once in alignment the contract holding the CICs collateral created in step two can be open to the greater world (whitelisted or non whitelisted). @@ -1063,7 +78,7 @@ Again, getting past steps one and two are not trivial and require a lot of consi .. image:: images/blog/currency-123214.webp - * Enable Redemption: With a reserve in place, anyone holding CICs can redeem them for committed goods and services (primary backing) or money in the reserve. The less reserve there is the less National Currency is redeemed for the same amount of CICs based on the equations below (aka the bonding curve). If someone cashes out 1,000 CIC tokens from a full reserve in our example they will pull out roughly $985.10 Dollars from the reserve. This limits how fast people will remove their CICs. +**Enable Redemption:** With a reserve in place, anyone holding CICs can redeem them for committed goods and services (primary backing) or money in the reserve. The less reserve there is the less National Currency is redeemed for the same amount of CICs based on the equations below (aka the bonding curve). If someone cashes out 1,000 CIC tokens from a full reserve in our example they will pull out roughly $985.10 Dollars from the reserve. This limits how fast people will remove their CICs. .. image:: images/blog/currency-123229.webp @@ -1072,7 +87,7 @@ Again, getting past steps one and two are not trivial and require a lot of consi .. image:: images/blog/currency-123248.webp - * Enable Creation: In addition anyone can also add money to the reserve and create additional CICs. The more reserve there is the less amount of CICs are created for the same amount of National Currency. As the reserve was already reduced in the last example; now, if someone deposits $985.10 Dollars into the reserve they will create 1,000 new CIC Tokens - this encourages people to fill back in the reserve (see the equation below). +**Enable Creation:** In addition anyone can also add money to the reserve and create additional CICs. The more reserve there is the less amount of CICs are created for the same amount of National Currency. As the reserve was already reduced in the last example; now, if someone deposits $985.10 Dollars into the reserve they will create 1,000 new CIC Tokens - this encourages people to fill back in the reserve (see the equation below). .. image:: images/blog/currency-123263.webp @@ -1082,11 +97,6 @@ Again, getting past steps one and two are not trivial and require a lot of consi The group that should be most interested in creating more CICs when the exchange price to reserve is low - are the initial issuers themselves. They among all others should be able spend the CIC at full value among themselves and their community - because that was their initial purpose and they are still backing the CIC with their own goods or services. eg. If someone knows they can buy a goat (primary backing) using CICs 1:1 with national currency and they are now able to create some cheaply by adding reserve, they have an advantage to fill back up the reserve and buy some goats. This incentive to refill the reserve can be considered a beneficial arbitrage and creates additional price stability beyond the primary backing. Humanitarian organizations will add reserve and create CICs as the reserve empties in order to leverage their donations into positive social impact. The reserve can be considered a revolving CIC stability fund. - -The group that should be most interested in creating more CICs when the exchange price to reserve is low - are the initial issuers themselves. They among all others should be able spend the CIC at full value among themselves and their community - because that was their initial purpose and they are still backing the CIC with their own goods or services. eg. If someone knows they can buy a goat (primary backing) using CICs 1:1 with national currency and they are now able to create some cheaply by adding reserve, they have an advantage to fill back up the reserve and buy some goats. This incentive to refill the reserve can be considered a beneficial arbitrage and creates additional price stability beyond the primary backing. Humanitarian organizations will add reserve and create CICs as the reserve empties in order to leverage their donations into positive social impact. The reserve can be considered a revolving CIC stability fund. - - - If someone knows they can buy a goat (primary backing) using CICs 1:1 with national currency and they are now able to create some cheaply by adding reserve, they have an advantage to fill back up the reserve and buy some goats. This incentive to refill the reserve can be considered a beneficial arbitrage and creates additional price stability beyond the primary backing. @@ -1094,23 +104,4 @@ If someone knows they can buy a goat (primary backing) using CICs 1:1 with natio While CIC acts as a promissory note against the primary backing, it is also practical to consider a CIC as a share of both the primary backing and the reserve. In a sense it is also a share of, and investment in, the economy using it. In addition, that economy can be connected to other economies using other CICs. Because a CIC can convert to its reserves and that withdrawn reserve can be added to another CIC - the exchange value to reserve serves as an automated price maker between the CICs and also measures the relative trade imbalance between the two economies - creating an incentive to clear trade deficit. - -The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our white paper here as well as the open source Bancor smart contract suite we are using. Here you can see a very basic initialization and usage of the bonding curve equations. - - - -The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our white paper here as well as the open source Bancor smart contract suite we are using. Here you can see a very basic initialization and usage of the bonding curve equations. - - - -The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our white paper here as well as the open source Bancor smart contract suite we are using. Here you can see a very basic initialization and usage of the bonding curve equations. - - - -The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our white paper here as well as the open source Bancor smart contract suite we are using. Here you can see a very basic initialization and usage of the bonding curve equations. - - - -The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our white paper here as well as the open source Bancor smart contract suite we are using. Here you can see a very basic initialization and usage of the bonding curve equations. - - `https://dashboard.sarafu.network `_ `here `_ `contract suite `_ `Here `_ \ No newline at end of file +The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our `white paper `_ as well as the open source Bancor smart `contract suite `_ we are using. `Here `_ you can see a very basic initialization and usage of the bonding curve equations. diff --git a/content/blog/currency-supply.rst b/content/blog/currency-supply.rst index d3f70bd..c2f0a93 100644 --- a/content/blog/currency-supply.rst +++ b/content/blog/currency-supply.rst @@ -8,21 +8,19 @@ -Tax Redistribution Algorithms +Tax Redistribution Algorithms +************************************ The local clustering coefficient (C) for a particular currency trading user is given by the proportion of connections or trade partners (via trading CICs) between the users within that users neighborhood divided by the number of connections that could possibly exist between them. https://en.wikipedia.org/wiki/Clustering_coefficient - `https://en.wikipedia.org/wiki/Clustering_coefficient `_ + The average clustering coefficient sums the clustering coefficients for all the users and divides by the number of users in that neighborhood. -.. image:: images/blog/currency-supply33.webp - - The neighborhood could span to sum over 2nd and 3rd order trade partners as well. This average clustering coefficient (ACC) therefore gives us a simple measurement of how connected people are (how much do the users around a particular user (to 3rd order) trade with each other). @@ -36,42 +34,26 @@ The NACC for each user gives us a relative ranking of each user via the contente -K-Cycle centrality (like Teodoro is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months. - - *K-Cycle centrality (like Teodoro is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months.* +K-Cycle centrality (like `Teodoro `_ is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months. -K-Cycle centrality (like Teodoro is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months. - - *K-Cycle centrality (like Teodoro is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months.* - - -K-Cycle centrality (like Teodoro is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months. - - `Teodoro `_ **You might be asking “a good measure for what?”** +**You might be asking “a good measure for what?”** The distribution of pTNACC can tell us a lot about a network. If there are only a few very high pTNACC users it means that the network is potentially very brittle. It is also a metric that becomes harder and harder to fake or Sybil attack if there is a transaction and/or coordination cost – as the overall cost of the attack would grow exponentially. -On a weekly basis we can test this out on the current Kenyan trading data by asking are the users with a higher pTNACC actually important nodes in the network? It would seem so. Looking at the current data http://grassecon.org/research– users would be in the 90th percentile - highest ranking pTNACC scores end up being key nodes hubs or chamas (groups) in the Sarafu trading Network. +On a weekly basis we can test this out on the current Kenyan trading data by asking are the users with a higher pTNACC actually important nodes in the network? It would seem so. Looking at the current data http://grassecon.org/research– users would be in the 90th percentile - highest ranking pTNACC scores end up being key nodes hubs or chamas (groups) in the `Sarafu trading Network `_ . -On a weekly basis we can test this out on the current Kenyan trading data by asking are the users with a higher pTNACC actually important nodes in the network? It would seem so. Looking at the current data http://grassecon.org/research– users would be in the 90th percentile - highest ranking pTNACC scores end up being key nodes hubs or chamas (groups) in the Sarafu trading Network. - - - -On a weekly basis we can test this out on the current Kenyan trading data by asking are the users with a higher pTNACC actually important nodes in the network? It would seem so. Looking at the current data http://grassecon.org/research– users would be in the 90th percentile - highest ranking pTNACC scores end up being key nodes hubs or chamas (groups) in the Sarafu trading Network. - - `http://grassecon.org/research `_ `Sarafu trading Network `_ - Looking at people and groups of people as important elements in a local economy as a social scoring system is quite interesting. Especially is its fallibility is tied up in the ultimate cost to game the system compared to any potential benefits. In addition, if people receive a tax benefit or tax redistribution based on a higher pTNACC score: would this scoring system motivate people to develop networks around their goods and services more? Is that an intrinsically good thing? Does rewarding pTNACC result in positive social outcomes - trust, resilient markets and so on? - We're working with researchers to help determine this. Voting systems on tax redistribution. +****************************************** @@ -84,7 +66,7 @@ Before we get into that: “What is this source of tax redistribution pool?” y Holding taxes - +******************* Imagine your bank charged you a percentage of your balance every Monday as a holding tax? Well you wouldn’t want to be storing too much money in that account, would you? (n.b. Better calculating and charging for an averaged balance over a time period.) This will create a sort of demurrage effect or hot potato, where people want to move their currency as fast as they can (undesirable to save). Rather than this being a bank function it could be built into the currencies smart contract on a blockchain. Those people who can’t move their CIC and have the most of it - pay more tax (no matter where they put it). @@ -96,6 +78,7 @@ This tax can be redistributed in an near infinite number of ways: 2 such were di Token Supply +****************** @@ -107,23 +90,15 @@ Could we create a network token that was simply distributed fairly to people ove -In this case NTs could be issued and distributed in a similar way to the (G1) Duniter Universal Dividend or Circles UBI– while also being charged a holding tax – from which a percentage can be voted on distribution and a percentage can be algorithmic distribution. +In this case NTs could be issued and distributed in a similar way to the (G1) `Duniter `_ Universal Dividend or `Circles UBI `_ – while also being charged a holding tax – from which a percentage can be voted on distribution and a percentage can be algorithmic distribution. -In this case NTs could be issued and distributed in a similar way to the (G1) Duniter Universal Dividend or Circles UBI– while also being charged a holding tax – from which a percentage can be voted on distribution and a percentage can be algorithmic distribution. - - - -In this case NTs could be issued and distributed in a similar way to the (G1) Duniter Universal Dividend or Circles UBI– while also being charged a holding tax – from which a percentage can be voted on distribution and a percentage can be algorithmic distribution. - - `Duniter `_ `Circles UBI `_ - Note that NTs could in turn have their own reserve – this would limit how much could be minted (or put into pools with other types of tokens to act as reserves for CICs). Also this NT could be listed on exchanges that connect it to other tokens world wide. -.. image:: images/blog/currency-supply193.webp +.. image:: images/blog/currency-supply1.webp @@ -132,49 +107,27 @@ CIC network with Sarafu Network Token What does a decentralized economic currency system look like - when combining all these approaches: +************************************************************************************************************* (see diagram above) - **1 + 2. Fair distribution and circulation of a network token – which can act like a large scale medium of exchange. A version of the Duniter (G1) Universal Dividend or Circles UBI Smart Contract suffices – but controlling for inflation via taxation. Note that a myriad of NTs can exist and incorporate other rules and still have markets that connect them together. Hence a whole range of NTs and localized systems that use them could form with different local rules and rules that connect them. Note that in the Sarafu Network Token Kenya case, the Sarafu supply is currently voted on by committee - but this will be subject to change in 2021.** - -1 + 2. Fair distribution and circulation of a network token – which can act like a large scale medium of exchange. A version of the Duniter (G1) Universal Dividend or Circles UBI Smart Contract suffices – but controlling for inflation via taxation. Note that a myriad of NTs can exist and incorporate other rules and still have markets that connect them together. Hence a whole range of NTs and localized systems that use them could form with different local rules and rules that connect them. Note that in the Sarafu Network Token Kenya case, the Sarafu supply is currently voted on by committee - but this will be subject to change in 2021. +**1 + 2. Fair distribution and circulation of a network token** – which can act like a large scale medium of exchange. A version of the Duniter (G1) Universal Dividend or Circles UBI Smart Contract suffices – but controlling for inflation via taxation. Note that a myriad of NTs can exist and incorporate other rules and still have markets that connect them together. Hence a whole range of NTs and localized systems that use them could form with different local rules and rules that connect them. Note that in the Sarafu Network Token Kenya case, the Sarafu supply is currently voted on by committee - but this will be subject to change in 2021. -1 + 2. Fair distribution and circulation of a network token – which can act like a large scale medium of exchange. A version of the Duniter (G1) Universal Dividend or Circles UBI Smart Contract suffices – but controlling for inflation via taxation. Note that a myriad of NTs can exist and incorporate other rules and still have markets that connect them together. Hence a whole range of NTs and localized systems that use them could form with different local rules and rules that connect them. Note that in the Sarafu Network Token Kenya case, the Sarafu supply is currently voted on by committee - but this will be subject to change in 2021. +**3. Discouraging hoarding:** A holding tax is a simple form of this. Some of this tax can be destroyed to stabilize the monetary mass (supply) + +**(1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis.** - -1 + 2. Fair distribution and circulation of a network token – which can act like a large scale medium of exchange. A version of the Duniter (G1) Universal Dividend or Circles UBI Smart Contract suffices – but controlling for inflation via taxation. Note that a myriad of NTs can exist and incorporate other rules and still have markets that connect them together. Hence a whole range of NTs and localized systems that use them could form with different local rules and rules that connect them. Note that in the Sarafu Network Token Kenya case, the Sarafu supply is currently voted on by committee - but this will be subject to change in 2021. - - `Duniter `_ `Circles `_ **3. Discouraging hoarding: A holding tax is a simple form of this. Some of this tax can be destroyed to stabilize the monetary mass (supply)** +**(1). Rewarding good behaviors via tax redistribution:** An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis. -3. Discouraging hoarding: A holding tax is a simple form of this. Some of this tax can be destroyed to stabilize the monetary mass (supply) +**4a, 4b. Localized currency creation with connect-ability:** The ability to create credit systems for businesses and community projects and connect them to others: CICs being created using this NT as a reserve – gives people the ability to label tax and leverage the NT to create a promissory note against future production (See`Bancor Protocol `_ for smart contracts here). - **(1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis.** - - -(1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis. - - **(1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis.** - - -(1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis. - - **4a, 4b. Localized currency creation with connect-ability: The ability to create credit systems for businesses and community projects and connect them to others: CICs being created using this NT as a reserve – gives people the ability to label tax and leverage the NT to create a promissory note against future production (See Bancor Protocol for smart contracts here).** - - -4a, 4b. Localized currency creation with connect-ability: The ability to create credit systems for businesses and community projects and connect them to others: CICs being created using this NT as a reserve – gives people the ability to label tax and leverage the NT to create a promissory note against future production (See Bancor Protocol for smart contracts here). - - - -4a, 4b. Localized currency creation with connect-ability: The ability to create credit systems for businesses and community projects and connect them to others: CICs being created using this NT as a reserve – gives people the ability to label tax and leverage the NT to create a promissory note against future production (See Bancor Protocol for smart contracts here). - - `Bancor Protocol `_ .. image:: images/blog/currency-supply247.webp @@ -182,21 +135,16 @@ What does a decentralized economic currency system look like - when combining al Note that many types of tokens can be added to a reserve pool for a CIC (including the possibility of Carbon credits, Stable coins and so on). Also note that a CIC need not have any reserve if there is no exchange between other CICs. In which case a CIC is simply a promissory note against future production. Localized CIC creation was available in in 2019 and has been put on hold for all of 2020 and will reopen with some modifications (namely to the target reserve ratio being 100% hence no leverage) in January 2021! - **5. Connected CIC and Price stabilization: Finally we want labor and commodity price stabilization for the NT as well as the CICs. Given the ability to fix the supply of each – prices of goods and services can stabilize by virtue of arbitrage between markets of CICs themselves. Note that less than 100% target reserve ratios will be added back over time based on standard development and regulatory compliance for custodial systems - non custodial systems can have a lot more freedom..** - -5. Connected CIC and Price stabilization: Finally we want labor and commodity price stabilization for the NT as well as the CICs. Given the ability to fix the supply of each – prices of goods and services can stabilize by virtue of arbitrage between markets of CICs themselves. Note that less than 100% target reserve ratios will be added back over time based on standard development and regulatory compliance for custodial systems - non custodial systems can have a lot more freedom.. +**5. Connected CIC and Price stabilization:** Finally we want labor and commodity price stabilization for the NT as well as the CICs. Given the ability to fix the supply of each – prices of goods and services can stabilize by virtue of arbitrage between markets of CICs themselves. Note that less than 100% target reserve ratios will be added back over time based on standard development and regulatory compliance for custodial systems - non custodial systems can have a lot more freedom.. -All these concept and conjectures could use a lot of testing, modeling and token engineering. If interested please contact us wherever you are! +All these concept and conjectures could use a lot of testing, modeling and token engineering. If interested please `contact `_ us wherever you are! -All these concept and conjectures could use a lot of testing, modeling and token engineering. If interested please contact us wherever you are! - - `contact `_ * A very sadly unfinished cadCAD model was created by BlockScience here - but it is a good robust framework to get started. - `here `_ * You can also watch me playing with simpler models at the Village Market Simulator series here. - `here `_ * Our open source code is all on GitLab is here. - `here `_ * Field Datasets can be found here. - `here `_ \ No newline at end of file +* A very sadly unfinished cadCAD model was created by `BlockScience `_ - but it is a good robust framework to get started. +* You can also watch me playing with simpler models at the `Vilage market simulator `_ series. +* Our `open source code `_ is all on GitLab is here. +* Field Datasets can be found `here `_. diff --git a/content/blog/demystifying-currency.rst b/content/blog/demystifying-currency.rst index 566dedf..b0ccfb8 100644 --- a/content/blog/demystifying-currency.rst +++ b/content/blog/demystifying-currency.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/demystifying-currency18.webp +.. image:: images/blog/demystifying-currency1.webp @@ -20,925 +20,88 @@ This cycle of spending and redeeming goat tokens could go on and on for years. T - - -This kind of community-level credit creation can be a lifesaver when national currency is in short supply. Using goats themselves as a currency is actually a useful strategy, "We enable smallholder rural, off-grid farming communities to meet their farming and household needs using livestock as currency" - Uptrade. +This kind of community-level credit creation can be a lifesaver when national currency is in short supply. Using goats themselves as a currency is actually a useful strategy, "We enable smallholder rural, off-grid farming communities to meet their farming and household needs using livestock as currency" - `Uptrade. `_. -We enable smallholder rural, off-grid farming communities to meet their farming and household needs using livestock as currency" - - - `Uptrade. `_ **Let’s look at how it works, and how to to address the risks. +**Let’s look at how it works, and how to to address the risks.** In a community, a group can come together and decide on the assets they will use to back their community currency collectively, e.g. goats + grapes + corn. Then they can issue a credit to everyone in the group - this is sometimes called a mutual credit. A municipality may create credits this same way and back them with public transport usage and acceptance for taxes. but -Who is keeping track of how many goats there are and are ready to sell? +**Who is keeping track of how many goats there are and are ready to sell?** + What if some of the goats are killed by a lion or die from a disease and the goat herd is decimated? In fact, the goat herder never had 100 mature goats to begin with - the goat tokens were a promise against future (mature) goat production. If the backing of goats becomes unstable then a lot of people could be left with goat tokens they can't redeem. What if there is a run on the 'bank' and everyone wants goats at once? We’ll get to how to solve this in a moment.** -Let’s look at how it works, and how to to address the risks. - -In a community, a group can come together and decide on the assets they will use to back their community currency collectively, e.g. goats + grapes + corn. Then they can issue a credit to everyone in the group - this is sometimes called a mutual credit. A municipality may create credits this same way and back them with public transport usage and acceptance for taxes. - -but -Who is keeping track of how many goats there are and are ready to sell? -What if some of the goats are killed by a lion or die from a disease and the goat herd is decimated? In fact, the goat herder never had 100 mature goats to begin with - the goat tokens were a promise against future (mature) goat production. If the backing of goats becomes unstable then a lot of people could be left with goat tokens they can't redeem. What if there is a run on the 'bank' and everyone wants goats at once? We’ll get to how to solve this in a moment. - - - - **Let’s look at how it works, and how to to address the risks. - -In a community, a group can come together and decide on the assets they will use to back their community currency collectively, e.g. goats + grapes + corn. Then they can issue a credit to everyone in the group - this is sometimes called a mutual credit. A municipality may create credits this same way and back them with public transport usage and acceptance for taxes. - -but -Who is keeping track of how many goats there are and are ready to sell? -What if some of the goats are killed by a lion or die from a disease and the goat herd is decimated? In fact, the goat herder never had 100 mature goats to begin with - the goat tokens were a promise against future (mature) goat production. If the backing of goats becomes unstable then a lot of people could be left with goat tokens they can't redeem. What if there is a run on the 'bank' and everyone wants goats at once? We’ll get to how to solve this in a moment.** - - -Let’s look at how it works, and how to to address the risks. - -In a community, a group can come together and decide on the assets they will use to back their community currency collectively, e.g. goats + grapes + corn. Then they can issue a credit to everyone in the group - this is sometimes called a mutual credit. A municipality may create credits this same way and back them with public transport usage and acceptance for taxes. - -but -Who is keeping track of how many goats there are and are ready to sell? -What if some of the goats are killed by a lion or die from a disease and the goat herd is decimated? In fact, the goat herder never had 100 mature goats to begin with - the goat tokens were a promise against future (mature) goat production. If the backing of goats becomes unstable then a lot of people could be left with goat tokens they can't redeem. What if there is a run on the 'bank' and everyone wants goats at once? We’ll get to how to solve this in a moment. - - - - - -but What if the goat herder wanted to allow other people to make those goat tokens? The reason this might be attractive to the goat herder is that if someone were to ADD a goat to his herd and breed with the other goats then over time it would produce more goats. What is that worth? Since the goat herder is the one establishing the value at 100 tokens = 1 goat, adding a goat to the goat reserve should create $100 dollars more of goat tokens (100 goat tokens). - - **but What if the goat herder wanted to allow other people to make those goat tokens? The reason this might be attractive to the goat herder is that if someone were to ADD a goat to his herd and breed with the other goats then over time it would produce more goats. What is that worth? Since the goat herder is the one establishing the value at 100 tokens = 1 goat, adding a goat to the goat reserve should create $100 dollars more of goat tokens (100 goat tokens).** - - -but What if the goat herder wanted to allow other people to make those goat tokens? The reason this might be attractive to the goat herder is that if someone were to ADD a goat to his herd and breed with the other goats then over time it would produce more goats. What is that worth? Since the goat herder is the one establishing the value at 100 tokens = 1 goat, adding a goat to the goat reserve should create $100 dollars more of goat tokens (100 goat tokens). +but **What if the goat herder wanted to allow other people to make those goat tokens?** The reason this might be attractive to the goat herder is that if someone were to ADD a goat to his herd and breed with the other goats then over time it would produce more goats. What is that worth? Since the goat herder is the one establishing the value at 100 tokens = 1 goat, adding a goat to the goat reserve should create $100 dollars more of goat tokens (100 goat tokens). and -What if the goat herder wants to trade with the cereals shop in town? +**What if the goat herder wants to trade with the cereals shop in town?** Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer. so -Reserves to de-risk +**Reserves to de-risk** Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens. Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust. - **and +and What if the goat herder wants to trade with the cereals shop in town? Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer. so -Reserves to de-risk +**Reserves to de-risk** Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens. Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust.** -and -What if the goat herder wants to trade with the cereals shop in town? -Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer. - -so -Reserves to de-risk -Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens. - -Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust. - - **and -What if the goat herder wants to trade with the cereals shop in town? -Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer. - -so -Reserves to de-risk -Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens. - -Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust.** - - - -and -What if the goat herder wants to trade with the cereals shop in town? -Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer. - -so -Reserves to de-risk -Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens. - -Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust. - - **Target reserve ratio (TRR) +**Target reserve ratio (TRR)** The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve.** - **Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve.** - **Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset +**Shares of an asset** Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve.** -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - **Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve.** - **Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve.** - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - - -Target reserve ratio (TRR) -The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve. - -Shares of an asset -Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. -As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve. - - **ratio** - **(** - **TRR** - **)** - - -1 - - - -of - - - -for - - - -1 - - - -. - - - -of - - - -. - - - -TRR - - - -, - - - -of - - - -. - - - -10 - - - -% - - - -for - - - -TRR - - - -. - - - -1 - - - -, - - - -000 - - - -in - - - -of - - - -10 - - - -, - - - -000 - - - -, - - - -of - - - -1 - - - -= - - - -1 - - - -. - - - -for - - - -of - - - -of - - - -. - - **of** - - -this - - - -as - - - -added - - - -( - - - -+ - - - -) - - - -of - - - -. - - - -out - - - -( - - - -- - - - -) - - - -of - - - -. - - **Primary Market +**Primary Market** The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. -Secondary Market +**Secondary Market** What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. -More Currencies, More Resilience +**More Currencies, More Resilience** Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. -Risks +**Risks** The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around.** -Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around. - - **Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around.** - - -Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around. - - **Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around.** - - -Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around. - - **Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around.** - - -Primary Market -The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens. - -Secondary Market -What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor. - -The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats. - -More Currencies, More Resilience -Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens. - -Risks -The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population. - -The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around. - - - - -Takeaway +**Takeaway** Credit creation can be regulated and de-risked in a whole new way, where anyone could potentially issue their own credit. A network of such credit issuers and users can form a decentralized economy, which is more resilient to crisis. This is what Grassroots Economics is doing with partners like the Red Cross. -The technology is now open source and we encourage replication and development. You can see more of the impact in Kenya here with nearly 100K USD trading on the networks monthly. We hope to open this secondary market up for anyone to contribute in the next two months. - - **Takeaway -Credit creation can be regulated and de-risked in a whole new way, where anyone could potentially issue their own credit. A network of such credit issuers and users can form a decentralized economy, which is more resilient to crisis. This is what Grassroots Economics is doing with partners like the Red Cross. - -The technology is now open source and we encourage replication and development. You can see more of the impact in Kenya here with nearly 100K USD trading on the networks monthly. We hope to open this secondary market up for anyone to contribute in the next two months.** +The technology is now open source and we encourage replication and development. You can see more of the impact in Kenya `here with nearly 100K USD trading on the networks monthly `_ trading on the networks monthly. We hope to open this secondary market up for anyone to contribute in the next two months.** -Takeaway -Credit creation can be regulated and de-risked in a whole new way, where anyone could potentially issue their own credit. A network of such credit issuers and users can form a decentralized economy, which is more resilient to crisis. This is what Grassroots Economics is doing with partners like the Red Cross. - -The technology is now open source and we encourage replication and development. You can see more of the impact in Kenya here with nearly 100K USD trading on the networks monthly. We hope to open this secondary market up for anyone to contribute in the next two months. - - - - -Takeaway -Credit creation can be regulated and de-risked in a whole new way, where anyone could potentially issue their own credit. A network of such credit issuers and users can form a decentralized economy, which is more resilient to crisis. This is what Grassroots Economics is doing with partners like the Red Cross. - -The technology is now open source and we encourage replication and development. You can see more of the impact in Kenya here with nearly 100K USD trading on the networks monthly. We hope to open this secondary market up for anyone to contribute in the next two months. - - `here with nearly 100K USD trading on the networks monthly `_ - - -Timely: How this impacts aid and COVID-19 +**Timely: How this impacts aid and COVID-19** What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. -How can I do it? +**How can I do it?** https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf +All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf. - **Timely: How this impacts aid and COVID-19 -What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. - -How can I do it? -https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. - -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf** - - - -Timely: How this impacts aid and COVID-19 -What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. - -How can I do it? -https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. - -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf - - - **Timely: How this impacts aid and COVID-19 -What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. - -How can I do it? -https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. - -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf** - - - -Timely: How this impacts aid and COVID-19 -What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. - -How can I do it? -https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. - -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf - - - - - -Timely: How this impacts aid and COVID-19 -What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. - -How can I do it? -https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. - -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf - - - - - -Timely: How this impacts aid and COVID-19 -What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical. - -How can I do it? -https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article. - -All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf - - - `https://katanapools.com/ `_ `https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf `_ **How can I support? -Turning these open source infrastructures into something anyone in the world can use is our priority. We are racing to address the widespread impact of COVID-19 on people’s income, food security, and health. Funding to bring on more developers and to do more pilots and help communities right now is what we need. Please contact us if you would like to take part.** - - -How can I support? +**How can I support?** Turning these open source infrastructures into something anyone in the world can use is our priority. We are racing to address the widespread impact of COVID-19 on people’s income, food security, and health. Funding to bring on more developers and to do more pilots and help communities right now is what we need. Please contact us if you would like to take part. diff --git a/content/blog/detergent-accelerator.rst b/content/blog/detergent-accelerator.rst index 712d431..3e3ce47 100644 --- a/content/blog/detergent-accelerator.rst +++ b/content/blog/detergent-accelerator.rst @@ -8,41 +8,21 @@ -.. image:: images/blog/detergent-accelerator18.webp +.. image:: images/blog/detergent-accelerator1.webp - - - Julius Nyelele has been a member of Lindi Business Network for more than one year. He is a roadside seller of washing detergents and body jelly. He says that, at first he never understood the concept behind community currency, but later when he actively started using Sarafu-Credit he got more customers who are part of the Business Network. He has been selling most of his products along the road since he didn’t have a place to store his products, but currently he has a host of ready customers who are part of the business network that always purchase his products using Kenya Shillings and Sarafu-Credit (Community currency). He says that his products are always first moving now and that’s increasing his sales and savings. He is also starting to use the community super market space to store his products and has expanded his business to selling larger quantities. - - - Julius is benefiting from increased connection among the members and businesses of his community. By virtue of hundreds of shops receiving an interest free credit to use among each-other in an area overall efficiency greatly increases. Instead of waiting on Kenyan Shillings to make a purchase, members of these networks can trade using credit that is readily available. These networks also develop assets, like supermarket stock, that backs the credits (community currency) in case of defaults and to grow the credit supply. -#detergent #bodyoil #businessaccelerator + +`#detergent `_ `#bodyoil `_ `#businessaccelerator `_ - -#detergent #bodyoil #businessaccelerator - - `#detergent `_ - -#detergent - - `#bodyoil `_ - -#bodyoil - - `#businessaccelerator `_ - -#businessaccelerator - diff --git a/content/blog/disrupting-currencies.rst b/content/blog/disrupting-currencies.rst index 2a87d46..56a5111 100644 --- a/content/blog/disrupting-currencies.rst +++ b/content/blog/disrupting-currencies.rst @@ -12,102 +12,63 @@ Grassroots Economics Foundation has been at the forefront of empowering bottom-o - - - - - - It started with 75 businesses in Kongowea (Mombasa) launching Eco Pesa as the first local currency in 2010, then Bangla-Pesa in Mikindani-Mombasa-Kenya, which the locals embraced. To-date, community members have been using it as a Community Currency to pay for goods and services enriching their daily lives. -.. image:: images/blog/disrupting-currencies30.webp +.. image:: images/blog/disrupting-currencies1.webp - - Will Rúddick the pioneer of community currencies in Kenya, listening at a strategic planning session. - - *Will Rúddick the pioneer of community currencies in Kenya, listening at a strategic planning session.* +*Will Rúddick the pioneer of community currencies in Kenya, listening at a strategic planning session.* -This project, which started with an aim to reduce economic instability in marginalize communities has seen people and businesses increase local trade by providing a complementary means of payment where the national currency is scarce. This reduces debts as CCs become a spending currency while the Kenyan shilling, becomes a tool for saving. In Nairobi, more than 1000 small businesses take an active role in their own economic development in this way. This has led to a 17% increase in local jobs creation and 37% growth in sales revenue through the frequent transactions that happen in these Sarafu-Credit locales. +This project, which started with an aim to reduce economic instability in marginalize communities has seen people and businesses increase local trade by providing a complementary means of payment where the national currency is scarce. This reduces debts as CCs become a spending currency while the Kenyan shilling, becomes a tool for saving. In Nairobi, more than 1000 small businesses take an active role in their own economic development in this way. This has led to a 17% increase in local jobs creation and 37% growth in sales revenue through the frequent transactions that happen in these ` Sarafu-Credit locales. `_. -This project, which started with an aim to reduce economic instability in marginalize communities has seen people and businesses increase local trade by providing a complementary means of payment where the national currency is scarce. This reduces debts as CCs become a spending currency while the Kenyan shilling, becomes a tool for saving. In Nairobi, more than 1000 small businesses take an active role in their own economic development in this way. This has led to a 17% increase in local jobs creation and 37% growth in sales revenue through the frequent transactions that happen in these Sarafu-Credit locales. - - ` Sarafu-Credit locales. `_ - - - - .. image:: images/blog/disrupting-currencies57.webp - - - The good news about this is that Sarafu-Credit users in these communities, no longer depend on their income or wages as the only way to cater for their daily needs. They can now depend on each other and use local currencies to buy food like fruits, vegetables, snacks and access services like tailoring, hairdressing and getting rid of waste materials dumped within the community. - - Community Currencies in the Sarafu Network like Gatina Pesa in Kawangware connect underutilized work forces with unused resources to create local industries that guarantee the provision of basic needs. - +So, how do people in the Network use `Sarafu-Credit? `_ -So, how do people in the Network use Sarafu-Credit? - - `Sarafu-Credit? `_ - - - .. image:: images/blog/disrupting-currencies92.webp - *Sarafu-Credit users in Gatina, Kawangware* - - - - +*Sarafu-Credit users in Gatina, Kawangware* Sarafu-Credit users get to access goods and services from sellers who accept the CCs, creating a network of traders who unite the different areas and hence uplifting the economy of that community. - - - Besides, traders using Sarafu-Credit as an alternative economic system and supplementing the inadequate national currency, they are also achieving SDGs goals themselves in vulnerable communities. For example, Sarafu has a direct impact on; food security, decent work, sustainable communities and economic growth. - - - **Design and cultural symbolism of community currency.** - - - +**Design and cultural symbolism of community currency.** @@ -115,17 +76,11 @@ Sarafu-Credit is created using cryptocurrencies and also is printed on high-qual - - - What to note is, the implementation of CCs system in Kenya, is an innovative way of improve living standards, as it also protects and advances Sustainable Development Goals (SDGs). - - - SDG’s can be tied to community currencies, whereby for instance, farmers could be linked directly with urban consumers by using a local currency, enhancing food security. @@ -137,7 +92,7 @@ SDG’s can be tied to community currencies, whereby for instance, farmers coul - *The Chief Operating Officer of Grassroots Economics, Emanuel Dominic delivering a presentation on community currencies.* +*The Chief Operating Officer of Grassroots Economics, Emanuel Dominic delivering a presentation on community currencies.* @@ -147,14 +102,9 @@ SDG’s can be tied to community currencies, whereby for instance, farmers coul Community events like the one in the photo below in Nairobi and Mombasa target community members who are new to the concept of community currencies and the longtime users who will be recognized for their knowledge/progress as Sarafu-Credit users and ability to take charge of their lives. - - - - - .. image:: images/blog/disrupting-currencies171.webp - *A Sarafu-Credit user from Lindi, Kibera.* +*A Sarafu-Credit user from Lindi, Kibera.* @@ -165,54 +115,12 @@ This is an open day dedicated to community sharing, networking, educating and tr - - - - For future updates; Subscribe to our newsletter (link to newsletter) and like our social media platforms. - - - - -Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Economics4Change to join the conversation. - - - -Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Economics4Change to join the conversation. - - - -Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Economics4Change to join the conversation. - - - -Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Economics4Change to join the conversation. - - - -Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Economics4Change to join the conversation. - - `#sarafucredit `_ - -#sarafucredit - - `#lindipesa `_ - -#lindipesa - - `#complementarycommunitycurrency `_ - -#complementarycommunitycurrency - - `#Economics4Change `_ - -#Economics4Change - - +Use the hashtag `#sarafucredit `_ `#lindipesa `_ `#complementarycommunitycurrency `_ `#Economics4Change `_ to join the conversation. @@ -220,35 +128,3 @@ Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Econom #sarafucredit #lindipesa #Economics4change #complementarycommunitycurrency #SarafuCredit - - -#sarafucredit #lindipesa #Economics4change #complementarycommunitycurrency #SarafuCredit - - - -#sarafucredit #lindipesa #Economics4change #complementarycommunitycurrency #SarafuCredit - - - -#sarafucredit #lindipesa #Economics4change #complementarycommunitycurrency #SarafuCredit - - `#sarafucredit `_ - -#sarafucredit - - `#lindipesa `_ - -#lindipesa - - `#Economics4change `_ - -#Economics4change - - `#complementarycommunitycurrency `_ - -#complementarycommunitycurrency - - `#SarafuCredit `_ - -#SarafuCredit - diff --git a/content/blog/economies-into.rst b/content/blog/economies-into.rst index 12a3373..6570f57 100644 --- a/content/blog/economies-into.rst +++ b/content/blog/economies-into.rst @@ -3,13 +3,12 @@ :date: Dec 25, 2019 :slug: economies-into -:summary: The reserve behind these tokens, the actual aid funding, was about $2.5k USD). -This means that $2,500 USD of Aid funds created 10,000 tokens - +:summary: The reserve behind these tokens, the actual aid funding, was about $2.5k USD).This means that $2,500 USD of Aid funds created 10,000 tokens -.. image:: images/blog/economies-into18.webp + +.. image:: images/blog/economies-into1.webp @@ -37,86 +36,20 @@ This means that $2,500 USD of Aid funds created 10,000 tokens (CICs) which were - - - - What is exciting about CICs is that any community could decide to take some capital and treat it as a commons and leverage it into a local credit system – and integrate with other credit systems. Those 1,877 users above are using 3 distinct Community Inclusion Currencies backed by different groups of businesses and their own reserves. - - - **So how did these 3 currencies get started in the Mnyenzeni area of Kenya? Reserves in Kenyan Shillings were added by donors and the CICs were minted based on that collateral. The Chief, elders, and women’s groups all came together for training from other communities already using CICs and began using a feature phone-based (button phone = no need for internet or smart phone) platform to trade with each other, each having received an air-drop of 400 CICs (worth about $4 USD). Here in Kenya the injection of seed capital from Humanitarian Aid into the reserves of these systems is the jump start (bootstrap) that gets everyone involved and builds trust in the system. Most importantly the marketplace starts with a few groups (mostly savings and loan women’s groups) and foundational businesses or cooperatives that agree to accepting CICs. They give users a reason to continually refill the reserve and increase the value of the CICs.** - - -So how did these 3 currencies get started in the Mnyenzeni area of Kenya? Reserves in Kenyan Shillings were added by donors and the CICs were minted based on that collateral. The Chief, elders, and women’s groups all came together for training from other communities already using CICs and began using a feature phone-based (button phone = no need for internet or smart phone) platform to trade with each other, each having received an air-drop of 400 CICs (worth about $4 USD). Here in Kenya the injection of seed capital from Humanitarian Aid into the reserves of these systems is the jump start (bootstrap) that gets everyone involved and builds trust in the system. Most importantly the marketplace starts with a few groups (mostly savings and loan women’s groups) and foundational businesses or cooperatives that agree to accepting CICs. They give users a reason to continually refill the reserve and increase the value of the CICs. +**So how did these 3 currencies get started in the Mnyenzeni area of Kenya?** Reserves in Kenyan Shillings were added by donors and the CICs were minted based on that collateral. The Chief, elders, and women’s groups all came together for training from other communities already using CICs and began using a feature phone-based (button phone = no need for internet or smart phone) platform to trade with each other, each having received an air-drop of 400 CICs (worth about $4 USD). Here in Kenya the injection of seed capital from Humanitarian Aid into the reserves of these systems is the jump start (bootstrap) that gets everyone involved and builds trust in the system. Most importantly the marketplace starts with a few groups (mostly savings and loan women’s groups) and foundational businesses or cooperatives that agree to accepting CICs. They give users a reason to continually refill the reserve and increase the value of the CICs. - + + +What most excites me about 2020 is that these tools are being piloted and made available on an `open source platform `_ platform and could be available via Red Cross worldwide in the next few years. This means a lot for humanitarian aid, for poverty and for humanity. -What most excites me about 2020 is that these tools are being piloted and made available on an open source platform and could be available via Red Cross worldwide in the next few years. This means a lot for humanitarian aid, for poverty and for humanity. +`#RedCross `_ `#Sempo `_ `#CICs `_ `#HimanitarianAid `_ `#Kenya `_ `#Economies `_ `#Ecosystems `_ - -What most excites me about 2020 is that these tools are being piloted and made available on an open source platform and could be available via Red Cross worldwide in the next few years. This means a lot for humanitarian aid, for poverty and for humanity. - - - -What most excites me about 2020 is that these tools are being piloted and made available on an open source platform and could be available via Red Cross worldwide in the next few years. This means a lot for humanitarian aid, for poverty and for humanity. - - ` open source platform `_ - -#RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems - - - -#RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems - - - -#RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems - - - -#RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems - - - -#RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems - - - -#RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems - - `#RedCross `_ - -#RedCross - - `#Sempo `_ - -#Sempo - - `#CICs `_ - -#CICs - - `#HimanitarianAid `_ - -#HimanitarianAid - - `#Kenya `_ - -#Kenya - - `#Economies `_ - -#Economies - - `#Ecosystems `_ - -#Ecosystems - diff --git a/content/blog/education-and.rst b/content/blog/education-and.rst index 2368552..243362b 100644 --- a/content/blog/education-and.rst +++ b/content/blog/education-and.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/education-and18.webp +.. image:: images/blog/education-and1.webp @@ -48,21 +48,7 @@ At Grassroots Economics, we believe that every child has a right to education he -#education #kenya #sarafu - -#education #kenya #sarafu - - `#education `_ - -#education - - `#kenya `_ - -#kenya - - `#sarafu `_ - -#sarafu +`#education `_ `#kenya `_ `#sarafu `_ diff --git a/content/blog/elections-service.rst b/content/blog/elections-service.rst index 26cacfa..b2a71f7 100644 --- a/content/blog/elections-service.rst +++ b/content/blog/elections-service.rst @@ -40,7 +40,7 @@ Kangemi-Pesa? – Nairobi Last week Will Ruddick was invited to Kangemi, an informal settlement in Nairobi, where a group of local schools together with Nyendo-Learning Hand in Hand are taking their first steps in replicating the Bangla-Pesa program. We are excited to see another community benefit from enabling themselves to issue and manage their own community currency. We are also happy to be talking with professors of economics from the University of Nairobi on studying these programs. - `#bangla `_ +`#bangla `_ + -#bangla diff --git a/content/blog/emmas-duka.rst b/content/blog/emmas-duka.rst index 8b0a7e8..78d7704 100644 --- a/content/blog/emmas-duka.rst +++ b/content/blog/emmas-duka.rst @@ -1,6 +1,6 @@ :title: Emma's Duka Community Currency Movement :author: Will Ruddick -:date: May 21 +:date: May 21 2021 :slug: emmas-duka :summary: Emma's Duka Community Currency Movement - in support of those seeking to free themselves from poorly designed monetary systems. @@ -8,11 +8,11 @@ -Click for recording. (not exactly what was recorded - but close enough) +`Click for recording. `_. (not exactly what was recorded - but close enough) - `Click for recording. `_ ` `_ -.. image:: images/blog/emmas-duka19.webp + +.. image:: images/blog/emmas-duka1.webp @@ -22,11 +22,11 @@ This song is called Emma’s Duka, and it's about Emma, and the Duka where you could shop for all kinds of stuff, like peanuts, but Emma’s Duka is not the name of the duka, that's just the name of the song, and that's why I called the song Emma’s Duka. - *You can trade with anything you want at Emma’s Duka (E - A - E -B7)* - *You can trade with anything you want at Emma’s Duka (E - A - E -B7)* - *Walk right in, it’s around the back (E - E7)* - *Just a half a mile from the railroad track (E - A)* - *You can trade with anything you want at Emma’s Duka (E - A - E -B7)* +| *You can trade with anything you want at Emma’s Duka (E - A - E -B7)* +| *You can trade with anything you want at Emma’s Duka (E - A - E -B7)* +| *Walk right in, it’s around the back (E - E7)* +| *Just a half a mile from the railroad track (E - A)* +| *You can trade with anything you want at Emma’s Duka (E - A - E -B7)* Now it started a few years back, when I went with a friend to visit Emma. And while we were talking to Emma she had a customer come up, his name was Alfred and he didn’t have a shilling on him. Instead of turning him away she wrote his name down on a little paper and the price of the peanuts and told him he could pay her later by repairing her shoes. @@ -355,12 +355,12 @@ So we'll wait for it to come around on the guitar, here and... Sing it when it does. Here it comes... - *You can trade with anything you want, at Emma’s Duka* - *You can trade with anything you want, at Emma’s Duka* - *Walk right in, it's around the back* - *Just a half a mile from the railroad track* - *You can trade with anything you want, at Emma’s Duka* - +| *You can trade with anything you want, at Emma’s Duka* +| *You can trade with anything you want, at Emma’s Duka* +| *Walk right in, it's around the back* +| *Just a half a mile from the railroad track* +| *You can trade with anything you want, at Emma’s Duka* +| Folks, That was horrible. @@ -388,11 +388,11 @@ We're just waitin' for it to come around is what we're doing…. All right now…. - *You can trade with anything you want, at Emma’s Duka* - *Excepting Emma* - *You can trade with anything you want, at Emma’s Duka* - *Walk right in, it's around the back* - *Just a half a mile from the railroad track* - *You can trade with anything you want, at Emma’s Duka* - *Da da da da da da da daaaa* - *At Emma’s … Dukaaaa* +| *You can trade with anything you want, at Emma’s Duka* +| *Excepting Emma* +| *You can trade with anything you want, at Emma’s Duka* +| *Walk right in, it's around the back* +| *Just a half a mile from the railroad track* +| *You can trade with anything you want, at Emma’s Duka* +| *Da da da da da da da daaaa* +| *At Emma’s … Dukaaaa* diff --git a/content/blog/empowering-mothers.rst b/content/blog/empowering-mothers.rst index 7ec08e8..d79164d 100644 --- a/content/blog/empowering-mothers.rst +++ b/content/blog/empowering-mothers.rst @@ -6,14 +6,14 @@ :summary: Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’... - **Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing** +**Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing** -.. image:: images/blog/empowering-mothers25.webp +.. image:: images/blog/empowering-mothers1.webp @@ -57,65 +57,13 @@ Zainabu, member of the Sarafu-Credit in Miyani, recalls the day when women came - - - - - - - - - - - - “My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.” Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango -“My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.” -Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango - - - -“My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.” - -Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango - - - -“My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.” - -Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango - - - -“My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.” - -Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango - - - - - - - - - - - - - - - - - - - - @@ -123,16 +71,6 @@ Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending - - - - - - - - - - Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.” @@ -141,45 +79,10 @@ Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and -Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.” - -Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango -Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.” -Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango +`#mothersday `_ `#sarafu `_ `#communitycurrencies `_ - -Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.” - -Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango - - - -Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.” - -Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango - - - -#mothersday #sarafu #communitycurrencies - - - -#mothersday #sarafu #communitycurrencies - - `#mothersday `_ - -#mothersday - - `#sarafu `_ - -#sarafu - - `#communitycurrencies `_ - -#communitycurrencies - diff --git a/content/blog/enabling-leverage.rst b/content/blog/enabling-leverage.rst index 3ae6d9b..520f4c3 100644 --- a/content/blog/enabling-leverage.rst +++ b/content/blog/enabling-leverage.rst @@ -8,57 +8,34 @@ -.. image:: images/blog/enabling-leverage18.webp +.. image:: images/blog/enabling-leverage1.webp From a Microfinance down to tabletop baking groups there is one thing that truly distinguishes these smaller and local financial service providers (FSPs) from a traditional bank and that is their inability to leverage their capital and issue credit. For the last 10 years Grassroots Economics has been working with micro businesses in marginalized communities to leverage their goods and services into a locally circulating credit (Sarafu-Credit or more generally called Community Currency). As we scale up these solutions to interact with larger and larger markets, we must provide guarantees for commercial businesses and other actors wanting to take part. - *From a Microfinance down to tabletop baking groups there is one thing that truly distinguishes these smaller and local financial service providers (FSPs) from a traditional bank and that is their inability to leverage their capital and issue credit. For the last 10 years Grassroots Economics has been working with micro businesses in marginalized communities to leverage their goods and services into a locally circulating credit (Sarafu-Credit or more generally called Community Currency). As we scale up these solutions to interact with larger and larger markets, we must provide guarantees for commercial businesses and other actors wanting to take part.* - - -From a Microfinance down to tabletop baking groups there is one thing that truly distinguishes these smaller and local financial service providers (FSPs) from a traditional bank and that is their inability to leverage their capital and issue credit. For the last 10 years Grassroots Economics has been working with micro businesses in marginalized communities to leverage their goods and services into a locally circulating credit (Sarafu-Credit or more generally called Community Currency). As we scale up these solutions to interact with larger and larger markets, we must provide guarantees for commercial businesses and other actors wanting to take part. - - - - - Banks are loosely bound to what we call a fractional reserve – I say loosely because the regulation required of them makes it very hard to audit that reserve. This loose regulation enables banks to over-issue credit and causes runs on those banks – several banks have collapsed in Kenya in the last few years due to this issue. Hence in re-imaging decentralized banking in the form Mohammed Yunnis was striving for, we need to do better than the existing financial industry standards. - - - - At the heart of blockchain technology (I’m not talking about crypto-currencies here) there is the ability to encode policies into credits being created by FSPs. This means that for a tabletop bank, microfinance or traditional bank the risk of credit issuance can be regulated in real-time and insurance systems can be scaled down to the size of a 25 women savings and loaning group in the communities we work with. - - - - - Here is how we've begun to envision those policies: - * Pricing: FSP’s (including bank’s) credit should not be blindly assumed to be equal in value to national currency. The value of credit issued should maintain a 1:1 ratio when exchanged for national currency for only as long as the FSP maintains an adequate reserve of national currency. In other words, if an FSP is issuing credit there should be backing behind it – and the value of that credit should, in real-time, reflect the ratio of reserve to supply of credit. While banks today engage in monetary expansion at high risk to society - by adjusting the exchange price of credit we ensure that no more than the reserve can ever be claimed. - * Issuance: The amount of credit available (minted) should depend on the amount of reserve of an FSP. As more reserve is available more credit is available. As more and more reserve is added - less credit is minted - this causes the ratio of reserve to supply to increase and likewise the price of the credit supply to increase and encourages full reserves. Note that such a relationship between price and supply should not allow prices to drastically exceed national currencies, instead the additional value can be automatically moved into an insurance fund. - * Redemption: The credits described here are claims against a reserve but if those claims can be too rapidly liquidated then the value of those credits will be lost. When a FSP puts capital into a reserve it should be locked into a vesting instrument – meaning that those claims against it can only be redeemed slowly. This ensures there is time for insurances and market forces to fill back in the reserve as it is pulled out to maintain stability. Finally as credits are used to pull out reserve (rather than for local trade), the value of the remaining credit drops. This invites a market to cheaply add in reserve in order to mint more tokens and ensure stability of credit pricing. - * Reserve: While National Currency (on-chain in the form of stable tokens such as DAI and USDC) can be used as reserve now, there is a bright future in various reserve mechanisms residing on-chain, such as futures contracts and indexes into baskets of commodities as planned by groups like OpenLibra. Note that Community Currencies designed this way can be seen as shares of a collective reserve. - * Insurance: A sizable reserve can ensure that credit pricing is not too volatile there is still a need to insure FSP credit so that holders can know their risk of holding credit. As credit is issued and redeemed an insurance fund automatically stabilizes the price of those credits within acceptable limits. +* **Pricing:** FSP’s (including bank’s) credit should not be blindly assumed to be equal in value to national currency. The value of credit issued should maintain a 1:1 ratio when exchanged for national currency for only as long as the FSP maintains an adequate reserve of national currency. In other words, if an FSP is issuing credit there should be backing behind it – and the value of that credit should, in real-time, reflect the ratio of reserve to supply of credit. While banks today engage in monetary expansion at high risk to society - by adjusting the exchange price of credit we ensure that no more than the reserve can ever be claimed. +* **Issuance:** The amount of credit available (minted) should depend on the amount of reserve of an FSP. As more reserve is available more credit is available. As more and more reserve is added - less credit is minted - this causes the ratio of reserve to supply to increase and likewise the price of the credit supply to increase and encourages full reserves. Note that such a relationship between price and supply should not allow prices to drastically exceed national currencies, instead the additional value can be automatically moved into an insurance fund. +* **Redemption:** The credits described here are claims against a reserve but if those claims can be too rapidly liquidated then the value of those credits will be lost. When a FSP puts capital into a reserve it should be locked into a vesting instrument – meaning that those claims against it can only be redeemed slowly. This ensures there is time for insurances and market forces to fill back in the reserve as it is pulled out to maintain stability. Finally as credits are used to pull out reserve (rather than for local trade), the value of the remaining credit drops. This invites a market to cheaply add in reserve in order to mint more tokens and ensure stability of credit pricing. +* **Reserve:** While National Currency (on-chain in the form of stable tokens such as DAI and USDC) can be used as reserve now, there is a bright future in various reserve mechanisms residing on-chain, such as futures contracts and indexes into baskets of commodities as planned by groups like OpenLibra. Note that Community Currencies designed this way can be seen as shares of a collective reserve. +* **Insurance:** A sizable reserve can ensure that credit pricing is not too volatile there is still a need to insure FSP credit so that holders can know their risk of holding credit. As credit is issued and redeemed an insurance fund automatically stabilizes the price of those credits within acceptable limits. For a video explainer of some of these policies please visit: https://youtu.be/8Z0chJBibhY and see the graphic below: -For a video explainer of some of these policies please visit: https://youtu.be/8Z0chJBibhY and see the graphic below: - - `https://youtu.be/8Z0chJBibhY `_ - - @@ -66,124 +43,18 @@ For a video explainer of some of these policies please visit: https://youtu.be/8 - - - *What does this all mean? While the above policies may sound complex, when imbued into the credits themselves (ala smart contracts), they enable something quite simple to happen. A tabletop banking group of 25 women in rural Kenya whom each save $1 a week and loan out those savings to their members now have the ability to leverage. Let’s say they put $100 into a reserve (which could be funded by donors) - at a target reserve ratio of 25% (based on a standard body as a requirement for humanitarian aid) they would create $400 of credit (with some reserve held in an insurance fund). This $400 of credit maintains its value of $400 as long as there is money going into reserve to match money leaving it. Group savings, and demand on the groups goods and services keep adding to the reserve while anyone holding that credit has a guarantee against the $100 reserve – meaning commercial businesses can accept the credit and pull out the National Currency they need to restock their supplies.* - - -What does this all mean? While the above policies may sound complex, when imbued into the credits themselves (ala smart contracts), they enable something quite simple to happen. A tabletop banking group of 25 women in rural Kenya whom each save $1 a week and loan out those savings to their members now have the ability to leverage. Let’s say they put $100 into a reserve (which could be funded by donors) - at a target reserve ratio of 25% (based on a standard body as a requirement for humanitarian aid) they would create $400 of credit (with some reserve held in an insurance fund). This $400 of credit maintains its value of $400 as long as there is money going into reserve to match money leaving it. Group savings, and demand on the groups goods and services keep adding to the reserve while anyone holding that credit has a guarantee against the $100 reserve – meaning commercial businesses can accept the credit and pull out the National Currency they need to restock their supplies. - - **What does this all mean? While the above policies may sound complex, when imbued into the credits themselves (ala smart contracts), they enable something quite simple to happen. A tabletop banking group of 25 women in rural Kenya whom each save $1 a week and loan out those savings to their members now have the ability to leverage. Let’s say they put $100 into a reserve (which could be funded by donors) - at a target reserve ratio of 25% (based on a standard body as a requirement for humanitarian aid) they would create $400 of credit (with some reserve held in an insurance fund). This $400 of credit maintains its value of $400 as long as there is money going into reserve to match money leaving it. Group savings, and demand on the groups goods and services keep adding to the reserve while anyone holding that credit has a guarantee against the $100 reserve – meaning commercial businesses can accept the credit and pull out the National Currency they need to restock their supplies.** - - -What does this all mean? While the above policies may sound complex, when imbued into the credits themselves (ala smart contracts), they enable something quite simple to happen. A tabletop banking group of 25 women in rural Kenya whom each save $1 a week and loan out those savings to their members now have the ability to leverage. Let’s say they put $100 into a reserve (which could be funded by donors) - at a target reserve ratio of 25% (based on a standard body as a requirement for humanitarian aid) they would create $400 of credit (with some reserve held in an insurance fund). This $400 of credit maintains its value of $400 as long as there is money going into reserve to match money leaving it. Group savings, and demand on the groups goods and services keep adding to the reserve while anyone holding that credit has a guarantee against the $100 reserve – meaning commercial businesses can accept the credit and pull out the National Currency they need to restock their supplies. +**What does this all mean?** While the above policies may sound complex, when imbued into the credits themselves (ala smart contracts), they enable something quite simple to happen. A tabletop banking group of 25 women in rural Kenya whom each save $1 a week and loan out those savings to their members now have the ability to leverage. Let’s say they put $100 into a reserve (which could be funded by donors) - at a target reserve ratio of 25% (based on a standard body as a requirement for humanitarian aid) they would create $400 of credit (with some reserve held in an insurance fund). This $400 of credit maintains its value of $400 as long as there is money going into reserve to match money leaving it. Group savings, and demand on the groups goods and services keep adding to the reserve while anyone holding that credit has a guarantee against the $100 reserve – meaning commercial businesses can accept the credit and pull out the National Currency they need to restock their supplies. -So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world. +So far in 2019 using roughly $10,000 in reserve provided by `DOEN.nl `_ and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and `Sempo.ai `_ in 2020 using Community Inclusion Currencies (`see recent news `_). By exploring this space and **enabling leverage** we can open the door to truly decentralized financial services ( `see white paper `_ ). If credit can be safely issued by the people using that credit, we can truly change our world. +`#leverage `_ `#fsp `_ `#banking `_ `#credit `_ `#microfinance `_ `#Yunnis `_ `#CIC `_ `#redcross `_ `#sempo `_ -So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world. - -So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world. - - - -So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world. - - **So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world.** - - -So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world. - - - -So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services (see white paper). If credit can be safely issued by the people using that credit, we can truly change our world. - - `DOEN.nl `_ `Sempo.ai `_ `see recent news `_ `see white paper `_ - - - - - - - - - - - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - - -#leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo - - `#leverage `_ - -#leverage - - `#fsp `_ - -#fsp - - `#banking `_ - -#banking - - `#credit `_ - -#credit - - `#microfinance `_ - -#microfinance - - `#Yunnis `_ - -#Yunnis - - `#CIC `_ - -#CIC - - `#redcross `_ - -#redcross - - `#sempo `_ - -#sempo - diff --git a/content/blog/ending-our.rst b/content/blog/ending-our.rst index fcd8ca4..a7d49d6 100644 --- a/content/blog/ending-our.rst +++ b/content/blog/ending-our.rst @@ -76,79 +76,51 @@ Existing assets and future capacity of cooperative businesses are identified and - - - Our core staff, along with a network of CCDs, provide: - - -Our core staff, along with a network of CCDs, provide: - - - -Our core staff, along with a network of CCDs, provide: - - * Baseline and feasibility analysis services for budding communities, as well as assistance in monitoring and evaluation. - * Certification of Community Currency Systems and Designers – assuring that they follow a high professional and ethical standard and perform regular financial auditing and renewal. - * In-person support to impart practical success stories and co-design customized systems. We also provide printing and digital currency services through our partners. as well as This seems to be a different topic. - * Capacity building for NGOs, local governments, communities and businesses to implement and manage a Community Currency. +* Baseline and feasibility analysis services for budding communities, as well as assistance in monitoring and evaluation. +* Certification of Community Currency Systems and Designers – assuring that they follow a high professional and ethical standard and perform regular financial auditing and renewal. +* In-person support to impart practical success stories and co-design customized systems. We also provide printing and digital currency services through our partners. as well as This seems to be a different topic. +* Capacity building for NGOs, local governments, communities and businesses to implement and manage a Community Currency. With only six staff members, we are stretched thin! In Nairobi and Mombasa we have three employees each, a regional director, field officer and cooperative business developer, serving over 2,500 businesses AND providing support for certifying new CCDs. As demand for more local currencies and more CCDs continues to grow, we are not prepared and need your support. -.. image:: images/blog/ending-our87.webp +.. image:: images/blog/ending-our1.webp - - - Where is Support Needed? - - -Where is Support Needed? - - - -Where is Support Needed? - - * Staffing: - * Grant writing, marketing and communications staff - * Training and certification staff - * IT and programming staff to support digital currencies - * An in-house accountant (we currently outsource our accounting). - * An Operations Manager - * Research, Monitoring and Evaluation - * Scholarships for Certified Community Currency Designers across Africa. We wish to train 50 CCDs from communities that can’t afford to come to Kenya next year. We will support each CCD in turn to develop a program in their country of origin. - * Development of training materials (curriculum, videos, methodological tools) - * Further development of the community currencies in Kenya. We need more examples of Community Currency being used in Kenya with different populations. We wish to develop five more sites in urban, peri-urban and rural regions. In each region in Kenya we target thousands of small businesses and schools serving a greater community of tens of thousands in chronic need of stable markets and food security. +* Staffing: +* Grant writing, marketing and communications staff +* Training and certification staff +* IT and programming staff to support digital currencies +* An in-house accountant (we currently outsource our accounting). +* An Operations Manager +* Research, Monitoring and Evaluation +* Scholarships for Certified Community Currency Designers across Africa. We wish to train 50 CCDs from communities that can’t afford to come to Kenya next year. We will support each CCD in turn to develop a program in their country of origin. +* Development of training materials (curriculum, videos, methodological tools) +* Further development of the community currencies in Kenya. We need more examples of Community Currency being used in Kenya with different populations. We wish to develop five more sites in urban, peri-urban and rural regions. In each region in Kenya we target thousands of small businesses and schools serving a greater community of tens of thousands in chronic need of stable markets and food security. How Will We Get There? - - - - This year we managed to cover roughly 20% of our operating costs through consulting, training, certification and cooperative business development. In 2018 we are seeking to sustainability cover our costs through international CCD student fees and consulting programs. In order to do this we need your support. -This year we managed to cover roughly 20% of our operating costs through consulting, training, certification and cooperative business development. In 2018 we are seeking to sustainability cover our costs through international CCD student fees and consulting programs. In order to do this we need your support. +This year we managed to cover roughly 20% of our operating costs through consulting, training, certification and cooperative business development. In 2018 we are seeking to sustainability cover our costs through international CCD student fees and consulting programs. In order to do this we need your `support `_. - `support `_ -#endyear #2017 - `#endyear `_ +`#endyear `_ + -#endyear diff --git a/content/blog/faith-based.rst b/content/blog/faith-based.rst index 153561c..a766e5a 100644 --- a/content/blog/faith-based.rst +++ b/content/blog/faith-based.rst @@ -1,6 +1,6 @@ :title: Faith Based Community Inclusion Currencies :author: Janet Akinyi -:date: May 11 +:date: May 11 2021 :slug: faith-based :summary: Local churches and faith based organizations have begun to develop their own community currencies (Sarafu) @@ -8,7 +8,7 @@ -.. image:: images/blog/faith-based18.webp +.. image:: images/blog/faith-based1.webp @@ -17,6 +17,7 @@ Due to economic instability, many people in the marginalized communities are sho AMK CHURCH +**************** @@ -24,21 +25,16 @@ The church (pictured above) is located in Mkanyeni village, Mtaa location, Bofu - “The tree that provided us with the shade dried up and fell down and that's when we decided to build a temporary structure” Dzeha explains. +“The tree that provided us with the shade dried up and fell down and that's when we decided to build a temporary structure” Dzeha explains. At the height of the COVID-19 pandemic in 2020, Mkanyeni community was among the numerous communities that were empowered by Sarafu to build their own prospering economies. Pastor Dzeha Nyanye was one of the people that was trained on how to use the Community Inclusion Currency -a blockchain based voucher used to trade among community members when the national currency is scarce. Dzeha who is also a shopkeeper explains how Sarafu has impacted his community positively, - *”Sarafu has been a safe way of trade even during the pandemic since I no longer need to carry cash, it has also created job opportunities in my community since the youths and even those without businesses or jobs can now offer services to those registered in Sarafu and earn an income. My sales have also increased as the users that could not have afforded a product from my shop due to lack of the national currency, can now use Sarafu to top up the little they have and get a product from me. I have created a network in my community and I'm also able to get other products that I don’t have in my shop from other users in my network.”* +*”Sarafu has been a safe way of trade even during the pandemic since I no longer need to carry cash, it has also created job opportunities in my community since the youths and even those without businesses or jobs can now offer services to those registered in Sarafu and earn an income. My sales have also increased as the users that could not have afforded a product from my shop due to lack of the national currency, can now use Sarafu to top up the little they have and get a product from me. I have created a network in my community and I'm also able to get other products that I don’t have in my shop from other users in my network.”* -It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon.”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members. - - *It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon.”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members.* - - -It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon.”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members. +It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon. *”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.”* Said Elizabeth Chari, one of the church members. @@ -59,6 +55,7 @@ A congregation that consists of 48 members are now able to worship in a conduciv ST. REGINA SEGERE LEGIO MARIA +*********************************** @@ -74,9 +71,7 @@ They were lucky enough to also get empowered and trained on Syntropic Agroforest -Speaking to Christabell- a selfless hardworking lady in her mid twenties, she gladly explains how great Sarafu has improved their livelihood, "It was hard feeding the big number of the vulnerable persons that we have under our care since the offerings that we use for the same weren't enough or rather sustainable. Since we started using Sarafu, the burden is lighter. We are able to source food from the nearby market since we also registered them in Sarafu. The youths are also empowered and can now offer services to different users and get paid in Sarafu. We receive more offerings than before and we use the same to cater for basic needs. We are also working hard in our farms and we are looking forward to good harvest that we will also sell in Sarafu” - - *Speaking to Christabell- a selfless hardworking lady in her mid twenties, she gladly explains how great Sarafu has improved their livelihood, "It was hard feeding the big number of the vulnerable persons that we have under our care since the offerings that we use for the same weren't enough or rather sustainable. Since we started using Sarafu, the burden is lighter. We are able to source food from the nearby market since we also registered them in Sarafu. The youths are also empowered and can now offer services to different users and get paid in Sarafu. We receive more offerings than before and we use the same to cater for basic needs. We are also working hard in our farms and we are looking forward to good harvest that we will also sell in Sarafu”* +Speaking to Christabell- a selfless hardworking lady in her mid twenties, she gladly explains how great Sarafu has improved their livelihood, *"It was hard feeding the big number of the vulnerable persons that we have under our care since the offerings that we use for the same weren't enough or rather sustainable. Since we started using Sarafu, the burden is lighter. We are able to source food from the nearby market since we also registered them in Sarafu. The youths are also empowered and can now offer services to different users and get paid in Sarafu. We receive more offerings than before and we use the same to cater for basic needs. We are also working hard in our farms and we are looking forward to good harvest that we will also sell in Sarafu”* .. image:: images/blog/faith-based164.webp @@ -92,6 +87,7 @@ Church members working on their farm. Pastors Network Nairobi +***************************** @@ -99,17 +95,7 @@ This is a group of around 36 members from different denominations within the 30 -When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households. - - *When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.* - - -When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households. - - *When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.* - - -When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households. +When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. *“Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.”* Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households. diff --git a/content/blog/food-forests.rst b/content/blog/food-forests.rst index 5a72720..1aa88c2 100644 --- a/content/blog/food-forests.rst +++ b/content/blog/food-forests.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/food-forests18.webp +.. image:: images/blog/food-forests1.webp @@ -16,35 +16,26 @@ Having worked on a myriad farming techniques, I’ve never been more inspired by -We’ve had the pleasure of hosting Roland van Reenen from Curacao and sent to us by Curadao. +We’ve had the pleasure of hosting Roland van Reenen from Curacao and sent to us by `Curadao `_. -We’ve had the pleasure of hosting Roland van Reenen from Curacao and sent to us by Curadao. - - `Curadao `_ - He is convinced that food forestry via Syntropic Agroforestry will solve most of our fundamental crises and works with the government of Curacao on regenerative organic agriculture programs. Above you can see a group of Kenyan farmers taught agroforestry by Roland, who are also using Community Inclusion Currencies (CICs) here in Kenya to fund themselves to develop the food forest. If these few demo plots produce as much food as similar plots in Curacao (a drought stricken island with only half the annual rainfall of Kenya), we will have a grassroots revolution underway. Some core syntropic principals: - * Ensure Soil is covered: so that water and nutrients don’t evaporate and that roots and mycorrhizal fungi can absorb and move around those nutrients. (Don’t even step on bare soil). - * Maximize Photosynthesis: plants requiring different amounts of sunlight can be planted above, below and around each other to ensure that sunlight isn’t wasted on the soil and at least twice the amount of energy can be consumed by plants. - * Succession: Ensure that there is a clear succession of plants. E.g. As a cassava grows it can give shelter to a fruit tree. - * Stratification – Fill each layer of vegetation and maintain diversity for system health. Space (stratification) has to be harmonized over time (life cycle), respecting the successional steps within each of the systems - * Management – Keeping balance, reducing excess growth. +* **Ensure Soil is covered:** so that water and nutrients don’t evaporate and that roots and mycorrhizal fungi can absorb and move around those nutrients. (Don’t even step on bare soil). +* **Maximize Photosynthesis:** plants requiring different amounts of sunlight can be planted above, below and around each other to ensure that sunlight isn’t wasted on the soil and at least twice the amount of energy can be consumed by plants. +* **Succession:** Ensure that there is a clear succession of plants. E.g. As a cassava grows it can give shelter to a fruit tree. +* **Stratification** – Fill each layer of vegetation and maintain diversity for system health. Space (stratification) has to be harmonized over time (life cycle), respecting the successional steps within each of the systems +* **Management** – Keeping balance, reducing excess growth. -Using community currency to budget for the creation and maintenance of food forests seems as natural as the syntropic principals themselves. Indeed the circulation of community currency mirrors the concepts of mycorrhizal association and hyphal networks. “In some more complex relationships, mycorrhizal fungi do not just collect immobilized soil nutrients, but connect individual plants together by mycorrhizal networks that transport water, carbon, and other nutrients directly from plant to plant through underground hyphal networks.” +Using community currency to budget for the creation and maintenance of food forests seems as natural as the syntropic principals themselves. Indeed the circulation of community currency mirrors the concepts of mycorrhizal association and hyphal networks. “In some more complex relationships, mycorrhizal fungi do not just collect immobilized soil nutrients, but connect individual plants together by mycorrhizal networks that transport water, carbon, and other nutrients directly from plant to plant through underground `hyphal networks `_.” - -Using community currency to budget for the creation and maintenance of food forests seems as natural as the syntropic principals themselves. Indeed the circulation of community currency mirrors the concepts of mycorrhizal association and hyphal networks. “In some more complex relationships, mycorrhizal fungi do not just collect immobilized soil nutrients, but connect individual plants together by mycorrhizal networks that transport water, carbon, and other nutrients directly from plant to plant through underground hyphal networks.” - - `hyphal networks `_ - In this sense CICs connected through membranes (bonding curves) enable communities to transport vital resources. Further a CIC is a voucher for a particular group of resources identified by a village. One can hardly think of a better source of primary production than the food from a food forest being the anchor (backing of last resort) for a community currency. @@ -55,11 +46,11 @@ Syntropic Agroforestry is the best candidate I have seen for regenerating rich s We don’t have to stretch far at all to apply syntropic principals to a community currency and networks of community currencies. Syntropic principals loosely applied to community currency: - * Ensure basic needs are covered: Using anything but community currency for basic needs creates a dependency on foreign currencies or aid. - * Maximize resources: The benefits of foreign and local resources are best consumed by an entire supply chain in order to produce local productive capacity. Ensure a community currency is being utilized by each level of production, services and value addition. - * Succession: Ensure that there is a clear succession of community currency utilization. We often call this braiding: as the usage for CC among trade for food, moves into education, and haircuts and so on. - * Stratification: Ensure a diversity of usages for Community Currency - any gaps in diversity can lead toward extraction of local resources and eventual stagnation.. - * Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. When CC accumulates and stops flowing or dissipates into another ecosystems, management is key to regain healthy flow. +* **Ensure basic needs are covered:** Using anything but community currency for basic needs creates a dependency on foreign currencies or aid. +* **Maximize resources:** The benefits of foreign and local resources are best consumed by an entire supply chain in order to produce local productive capacity. Ensure a community currency is being utilized by each level of production, services and value addition. +* **Succession:** Ensure that there is a clear succession of community currency utilization. We often call this braiding: as the usage for CC among trade for food, moves into education, and haircuts and so on. +* **Stratification:** Ensure a diversity of usages for Community Currency - any gaps in diversity can lead toward extraction of local resources and eventual stagnation.. +* **Management:** Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. When CC accumulates and stops flowing or dissipates into another ecosystems, management is key to regain healthy flow. .. image:: images/blog/food-forests113.webp @@ -76,3 +67,7 @@ We're excited to be adding this key component to anchor the flow of rural commun Here is a simple illustrated handbook for Syntropic Agroforestry +.. raw:: html + + Syntropic agroforestry handbook diff --git a/content/blog/foundational-member.rst b/content/blog/foundational-member.rst index 73f6412..0b86ba0 100644 --- a/content/blog/foundational-member.rst +++ b/content/blog/foundational-member.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/foundational-member18.webp +.. image:: images/blog/foundational-member1.webp diff --git a/content/blog/francis-the.rst b/content/blog/francis-the.rst index 5709627..eb21685 100644 --- a/content/blog/francis-the.rst +++ b/content/blog/francis-the.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/francis-the18.webp +.. image:: images/blog/francis-the1.webp diff --git a/content/blog/from-mustard.rst b/content/blog/from-mustard.rst index b0f6cc8..e6c0b31 100644 --- a/content/blog/from-mustard.rst +++ b/content/blog/from-mustard.rst @@ -1,6 +1,6 @@ :title: From Mustard Seeds to Food Forests: A Regenerative Journey :author: Shaila Agha -:date: May 4 +:date: May 4 2021 :slug: from-mustard :modified: May 5 :summary: We are learning from 50 community groups that use a community currency to sell produce and pay for the labor with community currency @@ -8,53 +8,22 @@ -We've been blessed by an opportunity from Mustard Seed Trust to support 50 acres of Syntropic Agriculture paired with Community Currencies in Kenya. We are learning from 50 community groups that use a community currency to sell produce and pay for the labor intensive setup, inputs and maintenance of one acre community farms (Shamba ya Jamii). The Shamba ya Jamii design was imported from Curacao (thanks to Curadao) and contextualized by Roland Van Reenen and James Thiong'o and hundreds of local farmers. +We've been blessed by an opportunity from `Mustard Seed Trust `_ to support 50 acres of Syntropic Agriculture paired with Community Currencies in Kenya. We are learning from 50 community groups that use a community currency to sell produce and pay for the labor intensive setup, inputs and maintenance of one acre community farms (Shamba ya Jamii). The Shamba ya Jamii design was imported from `Curadao `_ (thanks to Curadao) and contextualized by Roland Van Reenen and James Thiong'o and hundreds of local farmers. - -We've been blessed by an opportunity from Mustard Seed Trust to support 50 acres of Syntropic Agriculture paired with Community Currencies in Kenya. We are learning from 50 community groups that use a community currency to sell produce and pay for the labor intensive setup, inputs and maintenance of one acre community farms (Shamba ya Jamii). The Shamba ya Jamii design was imported from Curacao (thanks to Curadao) and contextualized by Roland Van Reenen and James Thiong'o and hundreds of local farmers. - - - -We've been blessed by an opportunity from Mustard Seed Trust to support 50 acres of Syntropic Agriculture paired with Community Currencies in Kenya. We are learning from 50 community groups that use a community currency to sell produce and pay for the labor intensive setup, inputs and maintenance of one acre community farms (Shamba ya Jamii). The Shamba ya Jamii design was imported from Curacao (thanks to Curadao) and contextualized by Roland Van Reenen and James Thiong'o and hundreds of local farmers. - - `Mustard Seed Trust `_ `Curadao `_ - "Regenerative agricultural techniques/tools have the potential to feed an entire nation without the political and social-economic strains that farmers currently undergo. We’re encouraging local community groups in the arid and semi-arid coastal regions to join the Shamba ya Jamii (Community Carm) Movement so as to build a sustainable ecological and economic future. " - Isavary Khabuqwi -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi +Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi +.. image:: images/blog/from-mustard1.webp -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi - - - -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi - - - -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi - - - -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi - - - -Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi - - `Nyanza <#viewer-2obrt>`_ `Kwale <#viewer-kp0h>`_ `Kakuma <#viewer-an9an>`_ `Watamu <#viewer-8ar20>`_ `Kilifi <#viewer-7ded5>`_ `Nairobi <#viewer-3c3kg>`_ - -.. image:: images/blog/from-mustard47.webp - - **Syntropic Siaya by Janet Akinyi** +**Syntropic Siaya by Janet Akinyi** The destruction and loss of indigenous ecosystems is a major challenge affecting areas across the Lake Victoria Region and the drought stricken areas in Kenya. The Nyalgunga Farmers Group and Kwe Kende Group in Nyalgunga Village, North Alego ward, Alego Usonga Constituency, Siaya County are among the privileged groups across Kenya that have been trained and empowered on Syntropic Agroforestry- a system that regenerates soil and provides long term food forest. @@ -87,7 +56,7 @@ Healthy organic Kales ready for harvesting. The community members have started harvesting food from their farms that they are able to buy and sell using Sarafu (community Currency). Other community members who are not part of these two groups but are using Community Inclusion Currency are also able to buy food from the two farms. - **Syntropic Kwale by Amina Godana** +**Syntropic Kwale by Amina Godana** 8 years ago the World Food Program had initiated a project in Kwale County that is PRRO (Protracted Relief Recovery Operation which was aimed for asset creation in the region under Kenyan Red Cross who were the implementing partners. They had different activities, @@ -120,10 +89,10 @@ This whole project was however short lived this was because the community member The best thing about practicing Syntropic Agroforestry is that everything in the farm is useful. - * Some weeds keep off pests and diseases. - * Companion planting of plants which are beneficial to each other optimises the use of space,sunlight and nutrient cycle. - * Permanent soil cover with mulch prevents soil erosion and provides nutrients for the plants when they decay. - * Pruning the matured plants increases the amount of sunlight for other plants. +* Some weeds keep off pests and diseases. +* Companion planting of plants which are beneficial to each other optimises the use of space,sunlight and nutrient cycle. +* Permanent soil cover with mulch prevents soil erosion and provides nutrients for the plants when they decay. +* Pruning the matured plants increases the amount of sunlight for other plants. Migunani A, Madewani, Yowani and Chikole are some of the many chamas in Kwale County that have embraced the new form of farming. It's a new concept in the area which makes them so eager to see if it actually works. Food insecurity in the area was the main reason as to why they wholeheartedly embraced the syntropic agroforestry this is because it involves planting of different types of crops on the same piece of land being that some crops mature earlier than others this means they will be harvesting almost all the time and do replanting the issue of lack of food will be sorted! @@ -170,7 +139,7 @@ Members buying first produce from their farm. -Syntropic Kakuma Refugee Camp by Marcelin Petro +**Syntropic Kakuma Refugee Camp by Marcelin Petro** @@ -182,12 +151,8 @@ From WFP each family can get one and some type of grain every month (3kg to 4kg) -Instead of waiting to be given food at the end of the month it's better to plant even just a kitchen gardens for the families while waiting for the monthly food distribution . +Instead of waiting to be given food at the end of the month it's better to plant even just a kitchen gardens for the families while waiting for the monthly food distribution **. - *Instead of waiting to be given food at the end of the month it's better to plant even just a kitchen gardens for the families while waiting for the monthly food distribution .* - - -Instead of waiting to be given food at the end of the month it's better to plant even just a kitchen gardens for the families while waiting for the monthly food distribution . @@ -199,7 +164,7 @@ Here I am proudly buying local food with local currency and not waiting for WFP -Urban Gardens in Nairobi by Sylvia Karanja +**Urban Gardens in Nairobi by Sylvia Karanja** @@ -223,7 +188,7 @@ James Thiong'o, Joyce and myself (Sylvia Karanja shown below) -Syntropic Watamu, Kilifi by Emmanuel Mbui +**Syntropic Watamu, Kilifi by Emmanuel Mbui** @@ -235,7 +200,7 @@ Now, in another new community, Gede, Watamu Community, through Mohamed, a farmer - Watamu Reef Welfare Group trained on the Syntropic agriculture at their Shamba. +Watamu Reef Welfare Group trained on the Syntropic agriculture at their Shamba. @@ -243,7 +208,7 @@ Members of the Watamu Reef Welfare Group are planting fruits trees in the prepar -Syntropic Kilifi by Isavary Khabuqwi +**Syntropic Kilifi by Isavary Khabuqwi** @@ -267,14 +232,10 @@ According to our beloved and passionate Kilifi Agronomist Eck Volkmann, "When ge -Emmanuel Kahindi is the farm manager as Sue's and is also teaching other groups how to do the same while selling produce using Community Currency - pictured here at Distant Relatives' May Fair. +Emmanuel Kahindi is the farm manager as Sue's and is also teaching other groups how to do the same while selling produce using Community Currency - pictured here at `Distant Relatives `_ ' May Fair. -Emmanuel Kahindi is the farm manager as Sue's and is also teaching other groups how to do the same while selling produce using Community Currency - pictured here at Distant Relatives' May Fair. - - `Distant Relatives `_ - Sue’s farm is looking to upgrade its production capacity by adding more crop options such as watermelon and basil following soil analysis. One of the project members plans to donate basil seeds from Muzambara mountains in Tanzania as a way of trying out new varieties. diff --git a/content/blog/gatina-bangla.rst b/content/blog/gatina-bangla.rst index b7a7b3d..dd24853 100644 --- a/content/blog/gatina-bangla.rst +++ b/content/blog/gatina-bangla.rst @@ -10,7 +10,9 @@ +.. raw:: html + @@ -35,7 +37,9 @@ Gatina-Pesa continues to pick up steam spreading out from schools in Nairobi's K Lots of new and exciting things are on the horizon set to launch in 2015, if we get the right support! New Currencies in Nairobi and Mombasa counties, as well as more in South African Municipalities. +.. raw:: html + diff --git a/content/blog/gatina-business.rst b/content/blog/gatina-business.rst index adebc48..e949dca 100644 --- a/content/blog/gatina-business.rst +++ b/content/blog/gatina-business.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/gatina-business18.webp +.. image:: images/blog/gatina-business1.webp diff --git a/content/blog/gatina-pesa-and.rst b/content/blog/gatina-pesa-and.rst index 02c3d99..5d9275e 100644 --- a/content/blog/gatina-pesa-and.rst +++ b/content/blog/gatina-pesa-and.rst @@ -50,165 +50,21 @@ Community: By supporting community services and increasing interconnectivity of -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - -Education: Through helping pay for school fees - -Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding. - -Economy: By increasing trade and decreasing unemployment in the area. - -Community: By supporting community services and increasing interconnectivity of people. - - - - - South Africa wants Bangla-Pesa! - - - - Koru's own Will Ruddick was invited to South Africa to teach a group formed by Meshfieldabout our experiences working with Community Currencies in Kenya. The Meshfield team has brought together the University of Cape Town, local municipalities and the SA Treasury to spearhead a Community currency program in two municipalities of South Africa. We're really exited to see this sort of coalition between government and universities supporting these important programs. - - - - John Ziniades from Meshfield and Will Ruddick also got to meet with Tim Jenkin the founder of CES and a global leader in the Complementary Currency movement. -#bangl #gatina #SouthAfrica + +`#bangla `_ `#gatina `_ `#SouthAfrica `_ - -#bangl #gatina #SouthAfrica - - `#bangl `_ - -#bangl - - `#gatina `_ - -#gatina - - `#SouthAfrica `_ - -#SouthAfrica - diff --git a/content/blog/gatina-pesa-launch.rst b/content/blog/gatina-pesa-launch.rst index 2ccf9ae..1fbd95c 100644 --- a/content/blog/gatina-pesa-launch.rst +++ b/content/blog/gatina-pesa-launch.rst @@ -12,29 +12,11 @@ The Gatina Business Organization is busy preparing for the community currency's - - - - After a wonderful design process with local students in Kenya and Nyendo-lernen as well as the Cheimgauer in Germany the Gatina-Pesa have been printed and are on their way to Kenya. Hopes are high and there is a strong commitment to seeing this program take off. -#bangla #gatina #nairobi + +`#bangla `_ `#gatina `_ `#nairobi `_ - -#bangla #gatina #nairobi - - `#bangla `_ - -#bangla - - `#gatina `_ - -#gatina - - `#nairobi `_ - -#nairobi - diff --git a/content/blog/gatina-pesa-launched.rst b/content/blog/gatina-pesa-launched.rst index 71d3051..a2484f3 100644 --- a/content/blog/gatina-pesa-launched.rst +++ b/content/blog/gatina-pesa-launched.rst @@ -8,17 +8,10 @@ -.. image:: images/blog/gatina-pesa-launched18.webp +.. image:: images/blog/gatina-pesa-launched1.webp - - - - - - - With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized around their own Community Currency Gatina-Pesa. Hon. Simba Arati, the area Minister of Parliament, officially cut the ribbon and launched the program. With an 107 initial registrations from local businesses the Gatina community has a strong start. diff --git a/content/blog/gatina-pesa-starting.rst b/content/blog/gatina-pesa-starting.rst index 6e3dd1f..78a32a8 100644 --- a/content/blog/gatina-pesa-starting.rst +++ b/content/blog/gatina-pesa-starting.rst @@ -26,7 +26,6 @@ Each day more and more small business owners are able to trade with each other e Will Ruddick can be seen on the right giving a seminar at the University of Nairobi, with the hope that more research will focus on these alternative financial programs. - `#gatina `_ +`#gatina `_ -#gatina diff --git a/content/blog/grassroots-economics.rst b/content/blog/grassroots-economics.rst index 233e575..c0f6622 100644 --- a/content/blog/grassroots-economics.rst +++ b/content/blog/grassroots-economics.rst @@ -1,6 +1,6 @@ :title: Grassroots Economics has a New Director: Shaila Agha :author: Shaila Agha -:date: Apr 8 +:date: Apr 8 2021 :slug: grassroots-economics :summary: It is an honor to work as a Director along with Will Ruddick and the Grassroots Economics team in their endeavor to rebalance the inequaliti @@ -8,7 +8,7 @@ -.. image:: images/blog/grassroots-economics18.webp +.. image:: images/blog/grassroots-economics1.webp @@ -30,6 +30,4 @@ In 2015, I attended a KIICO conference on trade and development. My angle, to un It is an honor to work as a Director along with Will and the Grassroots Economics team in their endeavor to rebalance the inequalities existing in our current economy and empower those who are most in need. To tackle today’s challenges, we need not only new solutions, but new methods at arriving at solutions. Data and data science will be at the forefront at meeting these challenges and to social innovation, humanitarian aid and international development. - *Shaila is an ocean loving global citizen trained in disruptive Financial systems, she has a keen interest in transformative agriculture and conservation. Her love for science and children led her to create a beginner science lab kit that she aims to launch in primary schools countrywide alongside an activity booklet called “The science of life”. She has held various roles in International organizations and private organizations from business development to analyst roles, all of which revolved around developing alternative financial systems and sustainability. You can find out more information about her here.* - *Shaila is an ocean loving global citizen trained in disruptive Financial systems, she has a keen interest in transformative agriculture and conservation. Her love for science and children led her to create a beginner science lab kit that she aims to launch in primary schools countrywide alongside an activity booklet called “The science of life”. She has held various roles in International organizations and private organizations from business development to analyst roles, all of which revolved around developing alternative financial systems and sustainability. You can find out more information about her here.* - `here `_ \ No newline at end of file +*Shaila is an ocean loving global citizen trained in disruptive Financial systems, she has a keen interest in transformative agriculture and conservation. Her love for science and children led her to create a beginner science lab kit that she aims to launch in primary schools countrywide alongside an activity booklet called “The science of life”. She has held various roles in International organizations and private organizations from business development to analyst roles, all of which revolved around developing alternative financial systems and sustainability. You can find out more information about her* `here `_. diff --git a/content/blog/gre-for.rst b/content/blog/gre-for.rst index 4ef0183..ba81a54 100644 --- a/content/blog/gre-for.rst +++ b/content/blog/gre-for.rst @@ -1,6 +1,6 @@ :title: GRE for ME :author: Grace Rachmany -:date: Jul 16 +:date: Jul 16 2021 :slug: gre-for :summary: Thank you for doing the sacred and life-preserving work of creating financial opportunity and elevating people’s dignity @@ -8,7 +8,7 @@ -.. image:: images/blog/gre-for18.webp +.. image:: images/blog/gre-for1.webp @@ -16,18 +16,9 @@ To be perfectly honest, which isn’t necessarily considered a virtue in the blo -For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry. +For those who aren’t familiar with my work, you can find more about me on `LinkedIn `_ and on my `Odysee `_ channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry. - -For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry. - - - -For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry. - - `LinkedIn `_ `Odysee `_ - What I can’t do is point to a lot of long-term success stories. diff --git a/content/blog/growing-up.rst b/content/blog/growing-up.rst index cb8a9d1..07acc77 100644 --- a/content/blog/growing-up.rst +++ b/content/blog/growing-up.rst @@ -32,7 +32,7 @@ The table below contains a summary of basic characteristics of MotoMoto particip -.. image:: images/blog/growing-up36.webp +.. image:: images/blog/growing-up1.webp diff --git a/content/blog/happy-mothers.rst b/content/blog/happy-mothers.rst index ed96b11..69cf4b7 100644 --- a/content/blog/happy-mothers.rst +++ b/content/blog/happy-mothers.rst @@ -16,25 +16,13 @@ As a way to celebrate we are happy to share two stories from our network members -.. image:: images/blog/happy-mothers24.webp - - - - - +.. image:: images/blog/happy-mothers1.webp Bevelyne Ombayo is a single mother, who lives in Lindi Slums, Kibera.Running a business(selling fruits)and an active member of Lindi Business Network. She is celebrating more than one year being in the network and using Community Currency. She has been able to acquire more sales compared to her previous period before she joined the network. The network has enabled her trade with other members,being involved in activities such as Merry go rounds and table banking.The business caters for some of her daily needs, she doesn't miss a meal on the table and children as well go school. Through working as a team in the network has enabled grow her business through holding more sales from members that has attracted other customers who are not members of the network.She can acquire loans due to her personal savings in the chama. - - - - - - - .. image:: images/blog/happy-mothers47.webp @@ -42,7 +30,7 @@ Bevelyne Ombayo is a single mother, who lives in Lindi Slums, Kibera.Running a b Iglah Shimenga a mother of one is a member of Gatina Business Organization and runs a grocery business( tomatoes, onions, fruits and vegetables at ksh 10= ksh 5 + Sc 5) on Muthiora Road in Gatina Location. The price is favourable to the members of the the surrounding community that enables her get more frequent customers making more sales and expanded her business. She joined the network in 2017. Being amongst the most active members has enabled her do savings. She doesn't have to hussle for food since she can purchase food for her family from a vendor in the network as well as her child at 4 years old is getting education in a member school Bensofil Community School in the network that allows her to pay part of the tuition using Community Currency.Currently her business is fairing well more than average," I really have more customers to date" she said. - `#mothersday `_ +`#mothersday `_ + -#mothersday diff --git a/content/blog/here-we.rst b/content/blog/here-we.rst index f9007ec..399efc2 100644 --- a/content/blog/here-we.rst +++ b/content/blog/here-we.rst @@ -8,11 +8,7 @@ -.. image:: images/blog/here-we18.webp - - - - +.. image:: images/blog/here-we1.webp @@ -48,13 +44,8 @@ Have a wonderful holiday and healthy 2017! -#kenya #2016 #yearlyreport - `#kenya `_ +`#kenya `_ `#yearlyreport `_ -#kenya - `#yearlyreport `_ - -#yearlyreport diff --git a/content/blog/hon.-paul.rst b/content/blog/hon-paul.rst similarity index 90% rename from content/blog/hon.-paul.rst rename to content/blog/hon-paul.rst index 8c0e82b..090ef64 100644 --- a/content/blog/hon.-paul.rst +++ b/content/blog/hon-paul.rst @@ -1,7 +1,7 @@ :title: Hon. Paul Simba Arati MP Dagoretti - North :author: Will Ruddick :date: Aug 29, 2014 -:slug: hon.-paul +:slug: hon-paul :summary: Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local... @@ -44,13 +44,9 @@ While schools have been the heart of the network in Kawangware Richard has reach -#gatina #nairobi - `#gatina `_ -#gatina +`#gatina `_ `#nairobi `_ - `#nairobi `_ -#nairobi diff --git a/content/blog/how-to-host.rst b/content/blog/how-to-host.rst new file mode 100644 index 0000000..07f979d --- /dev/null +++ b/content/blog/how-to-host.rst @@ -0,0 +1,86 @@ +:title: How to Host a Currency Potluck +:author: Will Ruddick +:date: Aug 1, 2020 +:slug: how-to-host + +:summary: Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currencies (CICs) potlucks! + + + +.. image:: images/blog/how-to-host1.webp + + + +Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currency (CIC) potlucks and how they could be applied to any community – even on social media groups such as: WhatsApp, Telegram Discord, Facebook and so on. + + + +These are all short iterative processes that can happen in cycles as the group learns by doing. + +**Step 0. Bringing People Together** + + +This is its own challenge, especailly (physically) today- so I’m assuming you have or can pull together a group of people where each person brings something to the table/social media group (a church group, whatsapp friends etc). Think of this as a potluck (a.k.a braai, coroga, faith supper, hatch party or participatory dinner party) where everyone is bringing an ingredient to amazing dishes that you are all going to cook and eat together. + +**Step 1a. Resource Mapping** + + +What ingredients do people have and what does everyone want to eat?! Have each person identify what their needs are and what they can offer - including goods, services and national currency. Share this list of offers and needs and see how well the community can meet its own needs and what is missing to have that perfect potluck. + +**Step 1b. Community Projects** + + +From the needs and offers discussed are there any commonalities? Could the group decide on one or more community projects? (Collective farming, elderly care, open source software development... etc) + + + +If there is consensus on projects the community would like to do as well as sufficient offers to do those projects – as well as needs being fulfilled by those projects and offers – then you have all the ingredients you need for a great Community Inclusion Currency (**Potluck!**). Now, solidifying (mixing) these resources toward your goals and projects involves commitment. + + +**Step 2a. Reach Commitment** + + +What can everyone commit to putting into the potluck? Individually and together we express what we can commit to accepting in return for the CIC we will create: our goods and services, our time on community projects and as well National Currency. + +**Step 2b. Develop an Agreement** +* Creation: Based on what everyone is putting in: goods, services and national currency – how many CIC tokens should be created? How should they be connected to collateral valued in National Currency? We use a metric in Kenya that for every 1 CIC created there is 1 unit of national currency worth of commitments of goods or services as well as 0.25 national currency (collateral pool) bonded to it – this way the CIC can be spent on committed goods and services as well as cashed out to national currency – note that as well people can add national currency the pool. +* Allotment: Based on the community projects and commitments people offer how should the CIC be distributed? We take the full amount of CIC to be created and divide it in half – where 50% is divided in proportion to people’s commitments and the other 50% goes toward community projects – with designated managers. +* n.b. There can be many other rules, such as taxation, demurrage, fines yearly recycling of the CIC. It is good to take time here to think about all the possibilities as you design your own financial system. +* Trade Balance: One core concept/commitment in CICs is the need for people to over time maintain a trade balance – accept as much as you spend, and spend as much as you accept. + + +Now that all the ingredients are there and they have been mixed together **your currency potluck is ready to divide and serve. Dish it out!** + + +**Step 3a. Develop a name for your CIC** + + +Give your creation (CIC) a name! Both a long name and a short name – this will be the token name people see on their devices when trading. + +**Step 3b. Mint and Distribute** + + +These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below. + +**Step 4. Circulation - Let's eat!** +* The group can trade with themselves or anyone else by sending them the CIC tokens they have. +* Anyone can do community projects and get paid by that community project manager in CIC tokens +* Anyone can add national currency (or other market valued tokens) to the collateral pool and create more CIC. +* Anyone holding a CIC can liquidate it and pull out the collateral behind it. + + +**Step 5. Keep meeting and planning and starting over** + +No dinner party should last forever and one potluck is never enough! Ideally your CIC is humming along unlocking your collective untapped potential, but reassessment is key. How is the potluck going and how might we do better next time? Having a duration for your CIC and the community projects you create naturally gives rise to the next CIC – which can be created by a group liquidating the current CIC and creating another with the same process as above. + +*We wish you the best loving community currency potluck ever and are here to help!* + +**Grassroots Economics** is dedicated to developing and supporting public infrastructure so the each CIC can be independently created and owned by a community without extractive rent seeking platforms, smart contracts or blockchains. We still have a lot of work todo here and welcome you to our potluck and would love to be invited to yours! You can find a link to Kenyan training materials here: https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md + + + +**Technically:** + + +In Kenya we manually do the Mint and Distribute step on behalf of communities – but anyone with a bit of blockchain tech savy can deploy these contracts (we are working on makign this much easier). We mint a CIC/token and bond it to a collateral pool in a digital asset (such as USDC, XCHF - note a community could create it's own reserve currency basket). This process is called defining and deploying a smart contract on a blockchain. The contract is transparent and the rule for how it can be used need to be totally clear. The open source Bancor V1 Bonding Curve contracts can be augmented in many ways to suit the needs of the group. Also note that a Decentralized Autonomous Organization (DAO) can be used to do much of the above process and distribution as well as maintain the contract – in lieu of a trusted contract deployer. There are a lot of options if you get stuck on this creation and distribution process - we are happy to discuss! + diff --git a/content/blog/how-to.rst b/content/blog/how-to.rst index 2664a82..204bfc6 100644 --- a/content/blog/how-to.rst +++ b/content/blog/how-to.rst @@ -8,34 +8,25 @@ -.. image:: images/blog/how-to18.webp +.. image:: images/blog/how-to1.webp - *Photo credit: Magdaline Mumbi a community network mobilizer.* - **Vulnerable Household Support Networks (VHSNs)** - *In this post I'll describe a modality for social support and humanitarian aid such as cash transfer programming utilizing Community Inclusion Currencies (CICs).* - **Vulnerable households (VHHs)** +*Photo credit: Magdaline Mumbi a community network mobilizer.* - -Vulnerable households (VHHs) +**Vulnerable Household Support Networks (VHSNs)** +*In this post I'll describe a modality for social support and humanitarian aid such as cash transfer programming utilizing Community Inclusion Currencies (CICs).* -VHHs in an area are identified via survey carried out by enumerators that seeks to understand which families in the community are most vulnerable and need support. Generally they are families where the head of household is a youth, elderly or very ill. See how Kenyan Red Cross works hard to identify vulnerable households. - `See how Kenyan Red Cross works hard to identify vulnerable households. `_ *Utilizing and developing Community Inclusion Currencies (CICs) can support, strengthen and identify social safety nets around vulnerable households.* +**Vulnerable households (VHHs)** -A Community Inclusion Currency (CIC) like Sarafu is created and/or distributed regularly (similar to a basic income) in the area to VHHs as well as to all the households in the community in order to enable them to record mutual support among each other. Community members are asked to support the vulnerable families and each other with goods and services, using a CIC to record the support given. +VHHs in an area are identified via survey carried out by enumerators that seeks to understand which families in the community are most vulnerable and need support. Generally they are families where the head of household is a youth, elderly or very ill. `See how Kenyan Red Cross works hard to identify vulnerable households. `_. + +*Utilizing and developing Community Inclusion Currencies (CICs) can support, strengthen and identify social safety nets around vulnerable households.* - -A Community Inclusion Currency (CIC) like Sarafu is created and/or distributed regularly (similar to a basic income) in the area to VHHs as well as to all the households in the community in order to enable them to record mutual support among each other. Community members are asked to support the vulnerable families and each other with goods and services, using a CIC to record the support given. - - `Sarafu `_ - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - +A Community Inclusion Currency (CIC) like `Sarafu `_ is created and/or distributed regularly (similar to a basic income) in the area to VHHs as well as to all the households in the community in order to enable them to record mutual support among each other. Community members are asked to support the vulnerable families and each other with goods and services, using a CIC to record the support given. For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. @@ -43,143 +34,14 @@ For instance: a woman named Rehema who sells tomatoes may offer some tomatoes wo -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. +**Vulnerable Household Support Network Members (NMs):** -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. -- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services. - - - -: - - - -20 - - - -KSH - - - -VHH - - - -. - - - -VHH - - - -20 - - - -CIC - - - -. - - - -- - - - -CIC - - - -in - - - -return - - - -for - - - -, - - - -. - - **Vulnerable Household Support Network Members (NMs):** - - -Vulnerable Household Support Network Members (NMs): - - those people that support the VHH by offering goods and services are traditionally not easy to objectively identify or quantify. By receiving a CIC a NM can record of their support in the whole community and around VHHs. This data is recorded securely and anonymously on a blockchain. Those NMs in the community that wish to share their blockchain address can be identified and capacity built / rewarded / supported by individual cash transfers. - **Vulnerable Household Support Network - Identification:** +**Vulnerable Household Support Network - Identification:** Each user in the network has a unique address for their account on the blockchain that can be used to record every single CIC transaction. Any CIC transaction coming from a VHH can be viewed and audited as a record of support being offered to that VHH from members of the VHS-N. @@ -190,77 +52,6 @@ For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehe -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support. - - - -VHH - - - -100 - - - -CIC - - - -of - - - -100 - - - -KSH - - - -of - - - -as - - - -. - - That gives us a way to measure and rank how much support Rehema has offered. Indeed we can see the whole network of users that have offered VHHs support. If we look at this whole network we can get a sum of all the support a person like Rehema has offered to ANY vulnerable household - and we can even rank her support for VHHs among ALL the NMs (who are CIC users). @@ -271,515 +62,28 @@ Say that Rehema’s amount of received CIC from VHHs (measuring her offers of ma -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% +.. csv-table:: stats + :header: "NM names", "Support/month", "percentage" + :widths: 30, 30, 15 - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** + "Rehema Katans", "3000 CIC", "46%" + "Fran Miguu", "2000 CIC", "31%" + "Katana Busia", "1000 CIC", "15%" + "Gertrude Mia", "550 CIC", "8%" + "Total", "6550 CIC", "100%" + "Smith", "John, Junior", 20 -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - **NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100%** - - - -NM Name | Support / month | Percentage -Rehema Katana | 3000 CIC | 46% -Fran Miguu | 2000 CIC | 31% -Katana Busia | 1000 CIC | 15% -Gertrude Mia | 550 CIC | 8% - Total | 6550 CIC | 100% - - **NM** - **|** - **/** - **|** - - -| - - - -3000 - - - -CIC - - - -| - - - -46 - - - -% - - - -| - - - -2000 - - - -CIC - - - -| - - - -31 - - - -% - - - -| - - - -1000 - - - -CIC - - - -| - - - -15 - - - -% - - - -| - - - -550 - - - -CIC - - - -| - - - -8 - - - -% - - **|** - **6550** - **CIC** - - -| - - **100** - **%** - The four people or businesses have received 6550 CICs over a month because of the support they offered to vulnerable households. They can choose to offer their information to the public or an aid organization in order to be recognized and potentially rewarded. - **Vulnerable Household Support Networks (VHSNs) can identified using Community Inclusion Currency (CIC) transaction data and give aid organizations concrete and auditable proof of community support (POCS).** +**Vulnerable Household Support Networks (VHSNs) can identified using Community Inclusion Currency (CIC) transaction data and give aid organizations concrete and auditable proof of community support (POCS).** -In this way ANYONE offering support, goods or services to Vulnerable Households can be identified, acknowledged, rewarded to build their capacity. Because these CICs can continue circulating in the community as long as they are needed they can provide a long term community safety net, especially when Kenyan shillings are scarce or during or recovering from a crisis like COVID. +In this way **ANYONE** offering support, goods or services to Vulnerable Households can be identified, acknowledged, rewarded to build their capacity. Because these CICs can continue circulating in the community as long as they are needed they can provide a long term community safety net, especially when Kenyan shillings are scarce or during or recovering from a crisis like COVID. - **In this way ANYONE offering support, goods or services to Vulnerable Households can be identified, acknowledged, rewarded to build their capacity. Because these CICs can continue circulating in the community as long as they are needed they can provide a long term community safety net, especially when Kenyan shillings are scarce or during or recovering from a crisis like COVID.** -In this way ANYONE offering support, goods or services to Vulnerable Households can be identified, acknowledged, rewarded to build their capacity. Because these CICs can continue circulating in the community as long as they are needed they can provide a long term community safety net, especially when Kenyan shillings are scarce or during or recovering from a crisis like COVID. - - - -*Note that there are MANY other ways to define and identify CSNs: Including voting systems as well as identifying specific areas of support, such as: farming, education or food and water. - -:title: How to Host a Currency Potluck -:author: Will Ruddick -:date: Aug 1, 2020 -:slug: how-to - -:summary: Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currencies (CICs) potlucks! - - - - -.. image:: images/blog/how-to18.webp - - - -Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currency (CIC) potlucks and how they could be applied to any community – even on social media groups such as: WhatsApp, Telegram Discord, Facebook and so on. - - - -These are all short iterative processes that can happen in cycles as the group learns by doing. - - **Step 0. Bringing People Together** - - -This is its own challenge, especailly (physically) today- so I’m assuming you have or can pull together a group of people where each person brings something to the table/social media group (a church group, whatsapp friends etc). Think of this as a potluck (a.k.a braai, coroga, faith supper, hatch party or participatory dinner party) where everyone is bringing an ingredient to amazing dishes that you are all going to cook and eat together. - - **Step 1a. Resource Mapping** - - -What ingredients do people have and what does everyone want to eat?! Have each person identify what their needs are and what they can offer - including goods, services and national currency. Share this list of offers and needs and see how well the community can meet its own needs and what is missing to have that perfect potluck. - - **Step 1b. Community Projects** - - -From the needs and offers discussed are there any commonalities? Could the group decide on one or more community projects? (Collective farming, elderly care, open source software development... etc) - - - -If there is consensus on projects the community would like to do as well as sufficient offers to do those projects – as well as needs being fulfilled by those projects and offers – then you have all the ingredients you need for a great Community Inclusion Currency (Potluck!). Now, solidifying (mixing) these resources toward your goals and projects involves commitment. - - **If there is consensus on projects the community would like to do as well as sufficient offers to do those projects – as well as needs being fulfilled by those projects and offers – then you have all the ingredients you need for a great Community Inclusion Currency (Potluck!). Now, solidifying (mixing) these resources toward your goals and projects involves commitment.** - - -If there is consensus on projects the community would like to do as well as sufficient offers to do those projects – as well as needs being fulfilled by those projects and offers – then you have all the ingredients you need for a great Community Inclusion Currency (Potluck!). Now, solidifying (mixing) these resources toward your goals and projects involves commitment. - - **Step 2a. Reach Commitment** - - -What can everyone commit to putting into the potluck? Individually and together we express what we can commit to accepting in return for the CIC we will create: our goods and services, our time on community projects and as well National Currency. - - **Step 2b. Develop an Agreement** - * Creation: Based on what everyone is putting in: goods, services and national currency – how many CIC tokens should be created? How should they be connected to collateral valued in National Currency? We use a metric in Kenya that for every 1 CIC created there is 1 unit of national currency worth of commitments of goods or services as well as 0.25 national currency (collateral pool) bonded to it – this way the CIC can be spent on committed goods and services as well as cashed out to national currency – note that as well people can add national currency the pool. - * Allotment: Based on the community projects and commitments people offer how should the CIC be distributed? We take the full amount of CIC to be created and divide it in half – where 50% is divided in proportion to people’s commitments and the other 50% goes toward community projects – with designated managers. - * n.b. There can be many other rules, such as taxation, demurrage, fines yearly recycling of the CIC. It is good to take time here to think about all the possibilities as you design your own financial system. - * Trade Balance: One core concept/commitment in CICs is the need for people to over time maintain a trade balance – accept as much as you spend, and spend as much as you accept. - - -Now that all the ingredients are there and they have been mixed together your currency potluck is ready to divide and serve. Dish it out! - - **Now that all the ingredients are there and they have been mixed together your currency potluck is ready to divide and serve. Dish it out!** - **Step 3a. Develop a name for your CIC** - - -Give your creation (CIC) a name! Both a long name and a short name – this will be the token name people see on their devices when trading. - - **Step 3b. Mint and Distribute** - - -These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below. - - **These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below.** - - -These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below. - - *These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below.* - - -These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below. - - **Step 4. Circulation - Let's eat!** - * The group can trade with themselves or anyone else by sending them the CIC tokens they have. - * Anyone can do community projects and get paid by that community project manager in CIC tokens - * Anyone can add national currency (or other market valued tokens) to the collateral pool and create more CIC. - * Anyone holding a CIC can liquidate it and pull out the collateral behind it. - **Step 5. Keep meeting and planning and starting over** - **No dinner party should last forever and one potluck is never enough! Ideally your CIC is humming along unlocking your collective untapped potential, but reassessment is key. How is the potluck going and how might we do better next time? Having a duration for your CIC and the community projects you create naturally gives rise to the next CIC – which can be created by a group liquidating the current CIC and creating another with the same process as above.** - - -No dinner party should last forever and one potluck is never enough! Ideally your CIC is humming along unlocking your collective untapped potential, but reassessment is key. How is the potluck going and how might we do better next time? Having a duration for your CIC and the community projects you create naturally gives rise to the next CIC – which can be created by a group liquidating the current CIC and creating another with the same process as above. - - *We wish you the best loving community currency potluck ever and are here to help!* - **Grassroots Economics is dedicated to developing and supporting public infrastructure so the each CIC can be independently created and owned by a community without extractive rent seeking platforms, smart contracts or blockchains. We still have a lot of work todo here and welcome you to our potluck and would love to be invited to yours! You can find a link to Kenyan training materials here: https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md** - - -Grassroots Economics is dedicated to developing and supporting public infrastructure so the each CIC can be independently created and owned by a community without extractive rent seeking platforms, smart contracts or blockchains. We still have a lot of work todo here and welcome you to our potluck and would love to be invited to yours! You can find a link to Kenyan training materials here: https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md - - **Grassroots Economics is dedicated to developing and supporting public infrastructure so the each CIC can be independently created and owned by a community without extractive rent seeking platforms, smart contracts or blockchains. We still have a lot of work todo here and welcome you to our potluck and would love to be invited to yours! You can find a link to Kenyan training materials here: https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md** - - -Grassroots Economics is dedicated to developing and supporting public infrastructure so the each CIC can be independently created and owned by a community without extractive rent seeking platforms, smart contracts or blockchains. We still have a lot of work todo here and welcome you to our potluck and would love to be invited to yours! You can find a link to Kenyan training materials here: https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md - - `https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md `_ - - - - **Technically:** - - -In Kenya we manually do the Mint and Distribute step on behalf of communities – but anyone with a bit of blockchain tech savy can deploy these contracts (we are working on makign this much easier). We mint a CIC/token and bond it to a collateral pool in a digital asset (such as USDC, XCHF - note a community could create it's own reserve currency basket). This process is called defining and deploying a smart contract on a blockchain. The contract is transparent and the rule for how it can be used need to be totally clear. The open source Bancor V1 Bonding Curve contracts can be augmented in many ways to suit the needs of the group. Also note that a Decentralized Autonomous Organization (DAO) can be used to do much of the above process and distribution as well as maintain the contract – in lieu of a trusted contract deployer. There are a lot of options if you get stuck on this creation and distribution process - we are happy to discuss! +Note that there are MANY other ways to define and identify CSNs: Including voting systems as well as identifying specific areas of support, such as: farming, education or food and water. diff --git a/content/blog/interactive-village.rst b/content/blog/interactive-village.rst index b6aaf4b..83eca15 100644 --- a/content/blog/interactive-village.rst +++ b/content/blog/interactive-village.rst @@ -6,16 +6,7 @@ :summary: The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of... - **The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC.** - **The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC.** - **The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC.** - `YouTube `_ `MOOC `_ - - - - - - +**The 5th installment of the Village Market Simulator series is now online! You can find it on** `YouTube `_ **or in the 'Simulations' section of our** `MOOC `_. @@ -23,23 +14,11 @@ This episode goes through the basic premises of community currencies and how the -.. image:: images/blog/interactive-village41.webp +.. image:: images/blog/interactive-village1.webp - - - - -What is especially exciting about this one is that it will be available in Github and you can play with all the bells and whistles, and experiment by yourself how changing different variables affect trade within the village. - - - -What is especially exciting about this one is that it will be available in Github and you can play with all the bells and whistles, and experiment by yourself how changing different variables affect trade within the village. - - `Github `_ - - +What is especially exciting about this one is that it will be available in `Github `_ and you can play with all the bells and whistles, and experiment by yourself how changing different variables affect trade within the village. diff --git a/content/blog/investment-modelling.rst b/content/blog/investment-modelling.rst index 16561b7..c04a159 100644 --- a/content/blog/investment-modelling.rst +++ b/content/blog/investment-modelling.rst @@ -8,16 +8,8 @@ -While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share holding and impact investment. A large portfolio of CICs could represent millions of dollars of investment while the circulation of the CIC could enable billions of dollars of trade in marginalized communities. All the equations and graphs in the examples below can be here can be found on GitHub here. +While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share holding and impact investment. A large portfolio of CICs could represent millions of dollars of investment while the circulation of the CIC could enable billions of dollars of trade in marginalized communities. *All the equations and graphs in the examples below can be here can be found on* `GitHub here. `_. - *While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share holding and impact investment. A large portfolio of CICs could represent millions of dollars of investment while the circulation of the CIC could enable billions of dollars of trade in marginalized communities. All the equations and graphs in the examples below can be here can be found on GitHub here.* - - -While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share holding and impact investment. A large portfolio of CICs could represent millions of dollars of investment while the circulation of the CIC could enable billions of dollars of trade in marginalized communities. All the equations and graphs in the examples below can be here can be found on GitHub here. - - `GitHub here. `_ - - @@ -25,40 +17,23 @@ We can approximate that the overall impact of a CIC on the economy is proportion - +A typical share price of a company is based capital assets, augmented by investors expectations. Instead with a CIC your share price (exchange rate) is based on known underlying reserves Exchange Rate P = L * Reserve / Supply (L is our leverage as a variable on the smart contract L = 1/F below) and the bonding curve equations as originally defined by Bancor's `smart contract: `_ -A typical share price of a company is based capital assets, augmented by investors expectations. Instead with a CIC your share price (exchange rate) is based on known underlying reserves Exchange Rate P = L * Reserve / Supply (L is our leverage as a variable on the smart contract L = 1/F below) and the bonding curve equations as originally defined by Bancor's smart contract: +As more reserve is added, less and less supply (shares) are created and the share value (exchange price of the CIC token to its reserve) increases. **(eq1: Minting)** -A typical share price of a company is based capital assets, augmented by investors expectations. Instead with a CIC your share price (exchange rate) is based on known underlying reserves Exchange Rate P = L * Reserve / Supply (L is our leverage as a variable on the smart contract L = 1/F below) and the bonding curve equations as originally defined by Bancor's smart contract: +.. image:: images/blog/investment-modelling1.webp - `smart contract `_ +*S = the entire supply of CIC tokens, R = the entire Reserve in National Currency and F = 1 / Leverage* - - - - -As more reserve is added, less and less supply (shares) are created and the share value (exchange price of the CIC token to its reserve) increases. (eq1: Minting) - - **As more reserve is added, less and less supply (shares) are created and the share value (exchange price of the CIC token to its reserve) increases. (eq1: Minting)** - - -.. image:: images/blog/investment-modelling46.webp - - *S = the entire supply of CIC tokens, R = the entire Reserve in National Currency and F = 1 / Leverage* - - - As supply of CIC is cashed out or burnt/(reserve redeemed) then less and less reserve is released then that share price drops. (eq2, Redemption) - **As supply of CIC is cashed out or burnt/(reserve redeemed) then less and less reserve is released then that share price drops. (eq2, Redemption)** - .. image:: images/blog/investment-modelling68.webp @@ -68,21 +43,6 @@ As supply of CIC is cashed out or burnt/(reserve redeemed) then less and less re Once the price moves up it is because people believe they will get something of value for it in the near to long term holding. Either they will buy a product at market or under market rates using the CIC or they will hold the CIC in order to use it later when the exchange price is higher (a longer term investment). As more people add to the reserve the price will eventually rise high enough that the long term holders will want to cash out (say once it reaches a plateau – forced or market based). This liquidation of long term holders will cause the price to drop and could cause a cascade effect reducing the reserve to near zero. - - -Once the price moves up it is because people believe they will get something of value for it in the near to long term holding. Either they will buy a product at market or under market rates using the CIC or they will hold the CIC in order to use it later when the exchange price is higher (a longer term investment). As more people add to the reserve the price will eventually rise high enough that the long term holders will want to cash out (say once it reaches a plateau – forced or market based). This liquidation of long term holders will cause the price to drop and could cause a cascade effect reducing the reserve to near zero. - - - - -Once the price moves up it is because people believe they will get something of value for it in the near to long term holding. Either they will buy a product at market or under market rates using the CIC or they will hold the CIC in order to use it later when the exchange price is higher (a longer term investment). As more people add to the reserve the price will eventually rise high enough that the long term holders will want to cash out (say once it reaches a plateau – forced or market based). This liquidation of long term holders will cause the price to drop and could cause a cascade effect reducing the reserve to near zero. - - - - - - - Once at near zero reserve the remaining CICs in circulation have a near zero exchange rate and so trading will slow down as people lack confidence to accept it for goods and services. But this is also an investment opportunity. At such a low reserve and hence exchange rate, putting more reserve in and minting new tokens is quite cheap. This investment would lead to a middling reserve period whose momentum may bring the currency all the way back to 1:1 with the national currency and even farther to a high reserve period. @@ -96,114 +56,26 @@ These four reserve cases (zero, low, middling, and high) are shown above with th - -These four reserve cases (zero, low, middling, and high) are shown above with their relative merits and detriments. Note that the cycle above is just one possible cycle that we see in the CICs in Kenya and is generally caused by donor aid. - - - - -These four reserve cases (zero, low, middling, and high) are shown above with their relative merits and detriments. Note that the cycle above is just one possible cycle that we see in the CICs in Kenya and is generally caused by donor aid. - - - - -Some challenges therein: +**Some challenges therein:** 1. No investment: Should the currency not allow investors a return they will see no reason to invest in the first place - no matter the transaction velocity, there will be insufficient capital behind it to scale. What keeps the currency alive? - both the reserve and the social capital behind it. When the reserve runs out, can someone still use the currency for some good or service at market value? (This is expected market stabilization) If so, then there is a huge local short term investment opportunity (i.e. to buy products at cheaper rates - in this case is arbitrage) – which could translate into a medium and long term investment opportunity. - **Some challenges therein: -1. No investment: Should the currency not allow investors a return they will see no reason to invest in the first place - no matter the transaction velocity, there will be insufficient capital behind it to scale. What keeps the currency alive? - both the reserve and the social capital behind it. When the reserve runs out, can someone still use the currency for some good or service at market value? (This is expected market stabilization) If so, then there is a huge local short term investment opportunity (i.e. to buy products at cheaper rates - in this case is arbitrage) – which could translate into a medium and long term investment opportunity.** - - - -Some challenges therein: -1. No investment: Should the currency not allow investors a return they will see no reason to invest in the first place - no matter the transaction velocity, there will be insufficient capital behind it to scale. What keeps the currency alive? - both the reserve and the social capital behind it. When the reserve runs out, can someone still use the currency for some good or service at market value? (This is expected market stabilization) If so, then there is a huge local short term investment opportunity (i.e. to buy products at cheaper rates - in this case is arbitrage) – which could translate into a medium and long term investment opportunity. - - - - -Some challenges therein: -1. No investment: Should the currency not allow investors a return they will see no reason to invest in the first place - no matter the transaction velocity, there will be insufficient capital behind it to scale. What keeps the currency alive? - both the reserve and the social capital behind it. When the reserve runs out, can someone still use the currency for some good or service at market value? (This is expected market stabilization) If so, then there is a huge local short term investment opportunity (i.e. to buy products at cheaper rates - in this case is arbitrage) – which could translate into a medium and long term investment opportunity. - - - - -Some challenges therein: -1. No investment: Should the currency not allow investors a return they will see no reason to invest in the first place - no matter the transaction velocity, there will be insufficient capital behind it to scale. What keeps the currency alive? - both the reserve and the social capital behind it. When the reserve runs out, can someone still use the currency for some good or service at market value? (This is expected market stabilization) If so, then there is a huge local short term investment opportunity (i.e. to buy products at cheaper rates - in this case is arbitrage) – which could translate into a medium and long term investment opportunity. - - - - - 2. Fast Liquidation: should investors cash out too soon and too much the currency may be too volatile and may never build enough market confidence to reach high transaction amounts with sufficient capital to have high impacts. - - -2. Fast Liquidation: should investors cash out too soon and too much the currency may be too volatile and may never build enough market confidence to reach high transaction amounts with sufficient capital to have high impacts. - - - - -2. Fast Liquidation: should investors cash out too soon and too much the currency may be too volatile and may never build enough market confidence to reach high transaction amounts with sufficient capital to have high impacts. - - - - In example 1 below we show the effect of social backing on problem (1) and in example 2 we have the effect of investment on problem (2) above. -In example 1 below we show the effect of social backing on problem (1) and in example 2 we have the effect of investment on problem (2) above. - - - - -In example 1 below we show the effect of social backing on problem (1) and in example 2 we have the effect of investment on problem (2) above. - - - **Example 1. Maize Miller** - - -For example. If I run a maize mill (a cooperative owned by 25 women in Kenya) and I create a CIC at 4x leverage and put in 100 USD into reserve and mint 400 CIC tokens. Then my Price is 4*100/400 = 1. If I can spend those 400 tokens as if they were equal to $1 on labor and other local needs (rent, school fees, water) then I would have multiplied my purchasing power. If everyone returns those tokens to me for my maize – I will have simply given myself an advance on my own maize. I could then cash out my share to pull back out the 100 USD that was simply acting as collateral there. My profit is zero but I have increased my turnover. - - **For example. If I run a maize mill (a cooperative owned by 25 women in Kenya) and I create a CIC at 4x leverage and put in 100 USD into reserve and mint 400 CIC tokens. Then my Price is 4*100/400 = 1. If I can spend those 400 tokens as if they were equal to $1 on labor and other local needs (rent, school fees, water) then I would have multiplied my purchasing power. If everyone returns those tokens to me for my maize – I will have simply given myself an advance on my own maize. I could then cash out my share to pull back out the 100 USD that was simply acting as collateral there. My profit is zero but I have increased my turnover.** +**Example 1. Maize Miller** For example. If I run a maize mill (a cooperative owned by 25 women in Kenya) and I create a CIC at 4x leverage and put in 100 USD into reserve and mint 400 CIC tokens. Then my Price is 4*100/400 = 1. If I can spend those 400 tokens as if they were equal to $1 on labor and other local needs (rent, school fees, water) then I would have multiplied my purchasing power. If everyone returns those tokens to me for my maize – I will have simply given myself an advance on my own maize. I could then cash out my share to pull back out the 100 USD that was simply acting as collateral there. My profit is zero but I have increased my turnover. - - - - - -Let's say I, the maize miller, do it again and spend the tokens for 400 USD of labor and some of my future customers don’t return their tokens for maize but instead cash them out? This will cause all the remaining tokens to lose some exchange value. Let’s say 50 of the 400 tokens are cashed out for $41USD ([eq2] note only the 1st dollar pulled out has a $ dollar value - hence slippage). - - - - - - - -Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = $8.6USD. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = $-8.6USD. - - **Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = $8.6USD. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = $-8.6USD.** - - -Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = $8.6USD. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = $-8.6USD. - - **Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = $8.6USD. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = $-8.6USD.** - - -Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = $8.6USD. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = $-8.6USD. - - - - - +Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = **$8.6USD**. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = **$-8.6USD.** In this case the community are being incentivized to use the tokens at the maize mill or other CIC accepting businesses, rather than cashing them out. But now that the maize miller has all the tokens again buyers of flour should be able to put in more reserve themselves and mint tokens at the market price of $0.67USD to make a profit themselves. @@ -218,25 +90,6 @@ Let’s say the one buyer of maize who lost above by cashing out, decided to tak - -Let’s say now that buyer purchased all $50 USD worth of maize from me (costing him only $41.4 USD). Now, I the maize miller, have all 400 tokens backed by $100 USD, and I have used up $400 USD of flour and I have bought $400 units of labor. So my total profit is $-400(product)+$400(labor)+$100(reserve value)-$100(initial reserve)= $0USD and my customer has made back the $8.6 USD he lost before and is at 0 net profit. So both the maize miller and the buyer are back at zero profit. - - - - -Let’s say now that buyer purchased all $50 USD worth of maize from me (costing him only $41.4 USD). Now, I the maize miller, have all 400 tokens backed by $100 USD, and I have used up $400 USD of flour and I have bought $400 units of labor. So my total profit is $-400(product)+$400(labor)+$100(reserve value)-$100(initial reserve)= $0USD and my customer has made back the $8.6 USD he lost before and is at 0 net profit. So both the maize miller and the buyer are back at zero profit. - - - - -Let’s say now that buyer purchased all $50 USD worth of maize from me (costing him only $41.4 USD). Now, I the maize miller, have all 400 tokens backed by $100 USD, and I have used up $400 USD of flour and I have bought $400 units of labor. So my total profit is $-400(product)+$400(labor)+$100(reserve value)-$100(initial reserve)= $0USD and my customer has made back the $8.6 USD he lost before and is at 0 net profit. So both the maize miller and the buyer are back at zero profit. - - - - - - - In all three stages here $400, $350 and $50 = $800USD of flour was consumed and another $400USD + 400 USD of Labor was purchased that is $1600 USD of trade based on a reserve of $100USD being leveraged into 400 tokens which circulated 4x for a total impact of 16x when compared to just spending the reserve. Again if we assume Impact ~= Velocity*(Supply * Exchange rate) and we 4x the supply and 4x the circulation and average out the exchange rate to 1. This could continue on and on resulting in more and more trade facilitated. @@ -250,96 +103,27 @@ So there is a key assumption here: That the CIC issuer will accept CIC’s for f - -So there is a key assumption here: That the CIC issuer will accept CIC’s for flour pegged 1:1 with the Research (National Currency). If the issuer – maize mill owner decides to gouge clients after spending at full rates then people will not accept the CICs for labor at full rates in the future. This represents the social backing of the voucher and gives someone a reason to put in money into the reserve when the price is low. - - - - -So there is a key assumption here: That the CIC issuer will accept CIC’s for flour pegged 1:1 with the Research (National Currency). If the issuer – maize mill owner decides to gouge clients after spending at full rates then people will not accept the CICs for labor at full rates in the future. This represents the social backing of the voucher and gives someone a reason to put in money into the reserve when the price is low. - - - - - - - Now given a market with many CIC issuers, if an issuer decided to price gouge clients – those clients have other options – they can convert their CIC to another CIC issuers token. If the CIC issuer wants to continue using CICs in order to buy labor and increase turnover and is assured, there will be some buyers in the future he is obligated to continue accepting CICs at the same rate he spent them in the first place (1:1 with National Currency). -Now given a market with many CIC issuers, if an issuer decided to price gouge clients – those clients have other options – they can convert their CIC to another CIC issuers token. - -If the CIC issuer wants to continue using CICs in order to buy labor and increase turnover and is assured, there will be some buyers in the future he is obligated to continue accepting CICs at the same rate he spent them in the first place (1:1 with National Currency). - - - -Now given a market with many CIC issuers, if an issuer decided to price gouge clients – those clients have other options – they can convert their CIC to another CIC issuers token. - -If the CIC issuer wants to continue using CICs in order to buy labor and increase turnover and is assured, there will be some buyers in the future he is obligated to continue accepting CICs at the same rate he spent them in the first place (1:1 with National Currency). - - - -Now given a market with many CIC issuers, if an issuer decided to price gouge clients – those clients have other options – they can convert their CIC to another CIC issuers token. - -If the CIC issuer wants to continue using CICs in order to buy labor and increase turnover and is assured, there will be some buyers in the future he is obligated to continue accepting CICs at the same rate he spent them in the first place (1:1 with National Currency). - - - -Now given a market with many CIC issuers, if an issuer decided to price gouge clients – those clients have other options – they can convert their CIC to another CIC issuers token. - -If the CIC issuer wants to continue using CICs in order to buy labor and increase turnover and is assured, there will be some buyers in the future he is obligated to continue accepting CICs at the same rate he spent them in the first place (1:1 with National Currency). - - - - - - - -If we imagine the primary market is the maize seller and buyers and the secondary market is the smart-contract (eq,1&2) then a third market could be impact investors and humanitarian aid providers. This is where long term CIC buyers and holders can come in. They can do two important things – contribute initial seed funds to reserves to offset risk for a CIC issuer and they can purchase CICs when the price is low and sell them when it is high. This second function is similar to an insurance fund which could be automated and holds both CICs and their reserve and continually readjusts the price within a band. - - **If we imagine the primary market is the maize seller and buyers and the secondary market is the smart-contract (eq,1&2) then a third market could be impact investors and humanitarian aid providers. This is where long term CIC buyers and holders can come in. They can do two important things – contribute initial seed funds to reserves to offset risk for a CIC issuer and they can purchase CICs when the price is low and sell them when it is high. This second function is similar to an insurance fund which could be automated and holds both CICs and their reserve and continually readjusts the price within a band.** If we imagine the primary market is the maize seller and buyers and the secondary market is the smart-contract (eq,1&2) then a third market could be impact investors and humanitarian aid providers. This is where long term CIC buyers and holders can come in. They can do two important things – contribute initial seed funds to reserves to offset risk for a CIC issuer and they can purchase CICs when the price is low and sell them when it is high. This second function is similar to an insurance fund which could be automated and holds both CICs and their reserve and continually readjusts the price within a band. - - - **Example 2 – Impact Investor: +**Example 2 – Impact Investor:** Let’s say I am an impact investor and I see the situation happening above over a 1 year period and I believe it could happen much faster. So at the end of the 1st period when the price has dropped I decide to put in $10.0 USD into the reserve and create 14 tokens (eq1) and then wait until someone else puts in another $31.4 USD to buy more maize locally. At that point the price has climbed back up to $1USD (parity with reserve) and I cash out all my 14 tokens to receive $13.33USD. I have gotten a 33% return on my investment of $10USD and dropped the token price back down to $0.7 USD. If I take my original $10 out of the system, I'll be left with ~3USD of tokens which I can just leave there as a donation or further investment – that will continue to enable trading and circulation.** -Example 2 – Impact Investor: - -Let’s say I am an impact investor and I see the situation happening above over a 1 year period and I believe it could happen much faster. So at the end of the 1st period when the price has dropped I decide to put in $10.0 USD into the reserve and create 14 tokens (eq1) and then wait until someone else puts in another $31.4 USD to buy more maize locally. At that point the price has climbed back up to $1USD (parity with reserve) and I cash out all my 14 tokens to receive $13.33USD. I have gotten a 33% return on my investment of $10USD and dropped the token price back down to $0.7 USD. If I take my original $10 out of the system, I'll be left with ~3USD of tokens which I can just leave there as a donation or further investment – that will continue to enable trading and circulation. - - - -Example 2 – Impact Investor: - -Let’s say I am an impact investor and I see the situation happening above over a 1 year period and I believe it could happen much faster. So at the end of the 1st period when the price has dropped I decide to put in $10.0 USD into the reserve and create 14 tokens (eq1) and then wait until someone else puts in another $31.4 USD to buy more maize locally. At that point the price has climbed back up to $1USD (parity with reserve) and I cash out all my 14 tokens to receive $13.33USD. I have gotten a 33% return on my investment of $10USD and dropped the token price back down to $0.7 USD. If I take my original $10 out of the system, I'll be left with ~3USD of tokens which I can just leave there as a donation or further investment – that will continue to enable trading and circulation. - - - -Example 2 – Impact Investor: - -Let’s say I am an impact investor and I see the situation happening above over a 1 year period and I believe it could happen much faster. So at the end of the 1st period when the price has dropped I decide to put in $10.0 USD into the reserve and create 14 tokens (eq1) and then wait until someone else puts in another $31.4 USD to buy more maize locally. At that point the price has climbed back up to $1USD (parity with reserve) and I cash out all my 14 tokens to receive $13.33USD. I have gotten a 33% return on my investment of $10USD and dropped the token price back down to $0.7 USD. If I take my original $10 out of the system, I'll be left with ~3USD of tokens which I can just leave there as a donation or further investment – that will continue to enable trading and circulation. - - .. image:: images/blog/investment-modelling192.webp - - - - - Practically we restrict (eq2) how fast someone can cash out their tokens by having them vest over time, to ward off the case where someone drops the token price dramatically in a short period. So as an investor I can take out my profit slowly and must therefore leave in my principal for a longer period - building market confidence. @@ -348,37 +132,10 @@ Also note that if instead of $100 USD in reserve we have $100,000 USD in reserve - +With a CIC portfolio of millions of dollars’ worth of many CICs there is ample room for investment and at the same time - with ~5x the circulation than National Currency we could see billions of dollars of trade in marginalized communities. CICs incentivize wealth creation with minimal capital because they drive internal trade and penalize external trade. Users have abundant internal liquidity, but if a CIC holder really needs reserve (dollars), they can get them (at a small premium which they can afford). All the equations and graphs here can be found on `GitHub here. `_. + + +`#investment `_ `#modeling `_ `#bondingcurves `_ `#CIC `_ -With a CIC portfolio of millions of dollars’ worth of many CICs there is ample room for investment and at the same time - with ~5x the circulation than National Currency we could see billions of dollars of trade in marginalized communities. CICs incentivize wealth creation with minimal capital because they drive internal trade and penalize external trade. Users have abundant internal liquidity, but if a CIC holder really needs reserve (dollars), they can get them (at a small premium which they can afford). All the equations and graphs here can be found on GitHub here. - - `GitHub here. `_ - -#investment #modeling #bondingcurves #CIC - - - -#investment #modeling #bondingcurves #CIC - - - -#investment #modeling #bondingcurves #CIC - - `#investment `_ - -#investment - - `#modeling `_ - -#modeling - - `#bondingcurves `_ - -#bondingcurves - - `#CIC `_ - -#CIC - diff --git a/content/blog/kakuma-refugee.rst b/content/blog/kakuma-refugee.rst index c17d71e..219126d 100644 --- a/content/blog/kakuma-refugee.rst +++ b/content/blog/kakuma-refugee.rst @@ -1,6 +1,6 @@ :title: Kakuma Refugee Testimonial :author: Amina Godana and Janet Akinyi Otieno -:date: Mar 28 +:date: Mar 28 2021 :slug: kakuma-refugee :summary: Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow @@ -8,26 +8,23 @@ -After hearing about Sarafu local leaders of a small community group started building a support network in their community. Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow their collective farming even when there are no shillings available. +After `hearing about Sarafu `_ local leaders of a small community group started building a support network in their community. Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow their collective farming even when there are no shillings available. + + +.. raw:: html + + + +| + +.. image:: images/blog/kakuma-refugee1.webp -After hearing about Sarafu local leaders of a small community group started building a support network in their community. Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow their collective farming even when there are no shillings available. - - `hearing about Sarafu `_ - -.. image:: images/blog/kakuma-refugee30.webp +Here the `FHE group in Kakuma `_ are meeting to talk about community farming and community inclusion currencies which they learned more about after a trip to Siaya Kenya.. -Here the FHE group in Kakuma are meeting to talk about community farming and community inclusion currencies which they learned more about after a trip to Siaya Kenya.. - - - -Here the FHE group in Kakuma are meeting to talk about community farming and community inclusion currencies which they learned more about after a trip to Siaya Kenya.. - - `FHE group in Kakuma `_ - .. image:: images/blog/kakuma-refugee50.webp @@ -42,3 +39,6 @@ Here the Kaukuma community leaders traveled to Siaya to learn about how Sarafu i This is the beginning of a new community farm in Siaya where the Kakuma team was learning. The poster is showing the intention of the community farm and soil regenerative practices that are being used. Below is a testimonial of one of the farmers in Siaya that taught the Kakuma refugees to follow their example to build a strong local economy. +.. raw:: html + + \ No newline at end of file diff --git a/content/blog/kangemi-pesa-launch.rst b/content/blog/kangemi-pesa-launch.rst index d64ca85..b206008 100644 --- a/content/blog/kangemi-pesa-launch.rst +++ b/content/blog/kangemi-pesa-launch.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/kangemi-pesa-launch18.webp +.. image:: images/blog/kangemi-pesa-launch1.webp diff --git a/content/blog/kangemi-pesa-launched.rst b/content/blog/kangemi-pesa-launched.rst index e43121b..a689cce 100644 --- a/content/blog/kangemi-pesa-launched.rst +++ b/content/blog/kangemi-pesa-launched.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/kangemi-pesa-launched18.webp +.. image:: images/blog/kangemi-pesa-launched1.webp diff --git a/content/blog/kenyan-women.rst b/content/blog/kenyan-women.rst index 115b5dc..131ca7d 100644 --- a/content/blog/kenyan-women.rst +++ b/content/blog/kenyan-women.rst @@ -3,136 +3,68 @@ :date: Feb 9, 2020 :slug: kenyan-women -:summary: Could the IMF and Commercial banks learn from women in rural Kenya how to create a decentralized and de-risked (transparently 100% backed) c +:summary: Could the IMF and Commercial banks learn from women in rural Kenya how to create a decentralized and de-risked (transparently 100% backed) - ` `_ -.. image:: images/blog/kenyan-women18.webp +.. image:: images/blog/kenyan-women1.webp - IMF's latest working paper shows that debt creation is the main source of money creation - commercial banks (not central banks) create and inflate the money supply through loan issuance based on market demand. The paper goes on to establish the possibility of Central Bank Digital Currencies (CBDC) echoing a the IMF's wish for a Revised Chicago Plan. +IMF's latest `working paper `_ shows that debt creation is the main source of money creation - commercial banks (not central banks) create and inflate the money supply through loan issuance based on market demand. The paper goes on to establish the possibility of Central Bank Digital Currencies (CBDC) echoing a the IMF's wish for a *Revised* Chicago Plan. - IMF's latest working paper shows that debt creation is the main source of money creation - commercial banks (not central banks) create and inflate the money supply through loan issuance based on market demand. The paper goes on to establish the possibility of Central Bank Digital Currencies (CBDC) echoing a the IMF's wish for a Revised Chicago Plan. - - *IMF's latest working paper shows that debt creation is the main source of money creation - commercial banks (not central banks) create and inflate the money supply through loan issuance based on market demand. The paper goes on to establish the possibility of Central Bank Digital Currencies (CBDC) echoing a the IMF's wish for a Revised Chicago Plan.* - - - IMF's latest working paper shows that debt creation is the main source of money creation - commercial banks (not central banks) create and inflate the money supply through loan issuance based on market demand. The paper goes on to establish the possibility of Central Bank Digital Currencies (CBDC) echoing a the IMF's wish for a Revised Chicago Plan. - - `working paper `_ - - - "This is a starting point to explain the systemic flaw of our monetary system, and recurring economic crises pattern." - Vincentius Arnold - +`Community Inclusion Currencies `_ built on Central Bank Digital Currency reserves would de-risk and decentralization the commercial banking system. If Central Banks were required to hold 100% reserve in CDBC and issue their own inter-operable credits and not issue / inflate National Currency like they do now - they might use something similar to Community Inclusion Currencies. -Community Inclusion Currencies built on Central Bank Digital Currency reserves would de-risk and decentralization the commercial banking system. If Central Banks were required to hold 100% reserve in CDBC and issue their own inter-operable credits and not issue / inflate National Currency like they do now - they might use something similar to Community Inclusion Currencies. - - `Community Inclusion Currencies `_ - - - - Some highlights of the IMF working paper include: - - -Some highlights of the IMF working paper include: - - - -Some highlights of the IMF working paper include: - - * "the fact that the money stock is endogenously and elastically driven by demand and constrained loosely by regulation. - * "we highlight that liquid funds are required to back the transfer of newlycreated, initially illiquid loans and deposits in a multi-bank system. Liquid funding needs do not negate the fact that banks create money “out of nothing.” - * "how Central Bank Digital Currency (CBDC) systems would be designed in terms of credit provision,which, if backed 100 percent by the new digital currency, would resemble the Chicago plan ofthe 1930s +* "the fact that the money stock is endogenously and elastically driven by demand and constrained **loosely** by regulation. +* "we highlight that liquid funds are required to back the transfer of newlycreated, initially illiquid loans and deposits in a multi-bank system. Liquid funding needs do not negate the fact that **banks create money “out of nothing.”** +* "how Central Bank Digital Currency (CBDC) systems would be designed in terms of credit provision,which, if backed 100 percent by the new digital currency, would resemble the Chicago plan of the 1930s For a primer on where the IMF is going with this, they released a Revised Chicago Plan in 2012: -For a primer on where the IMF is going with this, they released a Revised Chicago Plan in 2012: +For a primer on where the IMF is going with this, they `Revised Chicago Plan in 2012 `_: + - `Revised Chicago Plan in 2012 `_ "The basic idea is that banks should be required to have full coverage for money they lend; this is called 100% reserve banking, which would replace the fractional reserve banking system and reduce inflation." - - **How does this relate to Community Inclusion Currencies (CICs)?** +**How does this relate to Community Inclusion Currencies (CICs)?** -CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol. - - **CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol.** +CICs are **100% backed by reserve** - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a **variable value** based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol. -CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol. - - *CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol.* - - -CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol. - - **CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol.** - - -CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol. - - - - - - - -If banks were to create credit in the same manner of CICs it would mean that they would lock 100% reserves into a verified on-chain collateral (no more loose regulation). A bank with 1 Million USD of reserves would be able to issue 4 Million Tokens. These tokens would have a variable rate depending on the reserve behind them. We would not call them US Dollars or Kenyan Shillings - they would be the Banks credit (Wells Fargo Cash, Barclays Bucks, etc) and only have a one-to-one value with National currency IF they have sufficient reserve. - - **If banks were to create credit in the same manner of CICs it would mean that they would lock 100% reserves into a verified on-chain collateral (no more loose regulation). A bank with 1 Million USD of reserves would be able to issue 4 Million Tokens. These tokens would have a variable rate depending on the reserve behind them. We would not call them US Dollars or Kenyan Shillings - they would be the Banks credit (Wells Fargo Cash, Barclays Bucks, etc) and only have a one-to-one value with National currency IF they have sufficient reserve.** - - -If banks were to create credit in the same manner of CICs it would mean that they would lock 100% reserves into a verified on-chain collateral (no more loose regulation). A bank with 1 Million USD of reserves would be able to issue 4 Million Tokens. These tokens would have a variable rate depending on the reserve behind them. We would not call them US Dollars or Kenyan Shillings - they would be the Banks credit (Wells Fargo Cash, Barclays Bucks, etc) and only have a one-to-one value with National currency IF they have sufficient reserve. - - **If banks were to create credit in the same manner of CICs it would mean that they would lock 100% reserves into a verified on-chain collateral (no more loose regulation). A bank with 1 Million USD of reserves would be able to issue 4 Million Tokens. These tokens would have a variable rate depending on the reserve behind them. We would not call them US Dollars or Kenyan Shillings - they would be the Banks credit (Wells Fargo Cash, Barclays Bucks, etc) and only have a one-to-one value with National currency IF they have sufficient reserve.** +If banks were to create credit in the same manner of CICs it would mean that they would lock 100% reserves into a verified on-chain collateral (no more loose regulation). A bank with 1 Million USD of reserves would be able to issue 4 Million Tokens. These tokens would have a variable rate depending on the reserve behind them. We would not call them US Dollars or Kenyan Shillings - they would be the Banks credit (Wells Fargo Cash, Barclays Bucks, etc) and only have a one-to-one value with National currency **IF they have sufficient reserve.** -What is important about this concept is that it de-risks credit issuance and can be done ala secure and transparent blockchain contracts. What is revolutionary about it is that women's groups in Kenya are already doing this. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them. +What is important about this concept is that it **de-risks credit issuance** and can be done ala secure and transparent blockchain contracts. **What is revolutionary about it is that women's groups in Kenya are already doing this**. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them. - **What is important about this concept is that it de-risks credit issuance and can be done ala secure and transparent blockchain contracts. What is revolutionary about it is that women's groups in Kenya are already doing this. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them.** - - -What is important about this concept is that it de-risks credit issuance and can be done ala secure and transparent blockchain contracts. What is revolutionary about it is that women's groups in Kenya are already doing this. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them. - - **What is important about this concept is that it de-risks credit issuance and can be done ala secure and transparent blockchain contracts. What is revolutionary about it is that women's groups in Kenya are already doing this. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them.** - - -What is important about this concept is that it de-risks credit issuance and can be done ala secure and transparent blockchain contracts. What is revolutionary about it is that women's groups in Kenya are already doing this. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them. - - - - diff --git a/content/blog/kenyas-food.rst b/content/blog/kenyas-food.rst index 717ee5e..5c8d569 100644 --- a/content/blog/kenyas-food.rst +++ b/content/blog/kenyas-food.rst @@ -8,23 +8,7 @@ - - - - - - - - -.. image:: images/blog/kenyas-food24.webp - - - - - - - - +.. image:: images/blog/kenyas-food1.webp @@ -36,36 +20,16 @@ Amazing as it may sound Kenya exports over 3 billion dollars worth of food! -The World Food Program says that Kenya has a yearly need of $300 million USD to pay for food aid, while exporters brag that Kenya exported roughly $3 billion USD in food products in 2010. - - - -The World Food Program says that Kenya has a yearly need of $300 million USD to pay for food aid, while exporters brag that Kenya exported roughly $3 billion USD in food products in 2010. - - - -The World Food Program says that Kenya has a yearly need of $300 million USD to pay for food aid, while exporters brag that Kenya exported roughly $3 billion USD in food products in 2010. - - `says `_ `brag `_ - - - +The World Food Program `says `_ that Kenya has a yearly need of $300 million USD to pay for food aid, while exporters `brag `_ that Kenya exported roughly $3 billion USD in food products in 2010. For every one dollar in food-aid Kenya receives, it exports ten dollars of food! How can this be? - * When fertile land in Kenya is extremely scarce (less than 10% arable land) and over 1 million people in the country are receiving food aid each year? - `scarce `_ * In a country experiencing mass poverty, where does this $3 billion USD go? - `mass poverty `_ * If Kenya can produce that much food and EXPORT it ... (The cultivation of fruits, vegetables and flowers alone earned +* When fertile land in Kenya is extremely `scarce `_ (less than 10% arable land) and over 1 million people in the country are receiving food aid each year? +* In a country experiencing `mass poverty `_ , where does this $3 billion USD go? +* If Kenya can produce that much food and EXPORT it ... (The cultivation of fruits, vegetables and flowers alone earned - - - - - - - ` `_ USD in 2011.) Why does it need food aid every year? @@ -91,103 +55,47 @@ Simply put, the companies that are exporting the food, flowers and coffee are mo -Is Kenya becoming more and more of a Banana Republic and following the poor example of countries like Guatemala? +Is Kenya becoming more and more of a `Banana Republic `_ and following the poor example of countries like `Guatemala `_ ? -Is Kenya becoming more and more of a Banana Republic and following the poor example of countries like Guatemala? -Is Kenya becoming more and more of a Banana Republic and following the poor example of countries like Guatemala? - - `Banana Republic `_ `Guatemala `_ - - +How does the Kenyan political class allow this? `Ministers of Agriculture `_ in Kenya have a long history of making deals that favor large corporations and not common Kenyans. Is this unfettered capitalism? Can a corporation buy up as much land as they want in Kenya, give Kenyans a meager wage and pay off the correct politicians, and walk away with millions in profit? -How does the Kenyan political class allow this? The Ministers of Agriculture in Kenya have a long history of making deals that favor large corporations and not common Kenyans. Is this unfettered capitalism? Can a corporation buy up as much land as they want in Kenya, give Kenyans a meager wage and pay off the correct politicians, and walk away with millions in profit? - - - -How does the Kenyan political class allow this? The Ministers of Agriculture in Kenya have a long history of making deals that favor large corporations and not common Kenyans. Is this unfettered capitalism? Can a corporation buy up as much land as they want in Kenya, give Kenyans a meager wage and pay off the correct politicians, and walk away with millions in profit? - - `Ministers of Agriculture `_ - If NGO's and world-wide aid organizations see the amount of food being exported from Kenya, why are they still sending aid? - - - - Alan Coyne an international aid worker and human rights activist gives aid organizations the benefit of the doubt by stating, "corruption in Kenya is so ingrained that aid organizations like UNFP can do nothing against it. So they simply give food. Not only is the problem corruption but political power and land ownership has been handed down from generation to generation." Indeed, the richest man in Kenya is Uhuru Kenyata, the son of the first president and owner of at least 500,000 acres. (Currently running for president while also facing charges at the ICC). - +`Price Waterhouse Coopers `_ found Kenya to be the most financially corrupt country in the world; yes, above Nigeria and Mexico. Transparency International lists Kenya among the worst countries for corruption. `UN reports `_ also list Kenya as having the biggest inequalities in Africa. - - -Price Waterhouse Coopers found Kenya to be the most financially corrupt country in the world; yes, above Nigeria and Mexico. Transparency International lists Kenya among the worst countries for corruption. UN reports also list Kenya as having the biggest inequalities in Africa. - - - -Price Waterhouse Coopers found Kenya to be the most financially corrupt country in the world; yes, above Nigeria and Mexico. Transparency International lists Kenya among the worst countries for corruption. UN reports also list Kenya as having the biggest inequalities in Africa. - - `Price Waterhouse Coopers `_ `UN reports `_ - -Regardless of how we got here, current solutions, like food aid, are not solving the problem. +Regardless of how we got here, current solutions, like food aid, are not solving the problem. So what are some solutions? - * Tackle corruption as the major cause of all of Kenya's development problems. Promote Kenyans to take an active roll in making sure Kenyans are not being exploited and can grow their own food. Kenya needs accountable leadership: Look at how both the US and Japan subsidize their farmers and limit imports. - * Kenya instigates regional and a national complementary currency systems to incubate and promote local production similar to the Swiss WIR. - * Kenyans take over management and control of foreign owned corporations; promoting Cooperatives like the Rumuruti Forest Association. - * Businesses make sure that companies are majority locally owned, and are socially responsible to make sure there is no need for food aid. - * International food aid stops! Food aid for Kenya should come from Kenya ... period. Obviously there is enough food being produced in Kenya to feed Kenyans. Aid food kills the market for local industries. - * Foreign aid funding is directed solely at fighting corruption, building cooperatives and supporting Kenyan-owned businesses. +* Tackle corruption as the major cause of all of Kenya's development problems. Promote Kenyans to take an active roll in making sure Kenyans are not being exploited and can grow their own food. Kenya needs accountable leadership: Look at how both the US and Japan subsidize their farmers and limit imports. +* Kenya instigates regional and a national complementary currency systems to incubate and promote local production similar to the Swiss WIR. +* Kenyans take over management and control of foreign owned corporations; promoting Cooperatives like the Rumuruti Forest Association. +* Businesses make sure that companies are majority locally owned, and are socially responsible to make sure there is no need for food aid. +* International food aid stops! Food aid for Kenya should come from Kenya ... period. Obviously there is enough food being produced in Kenya to feed Kenyans. Aid food kills the market for local industries. +* Foreign aid funding is directed solely at fighting corruption, building cooperatives and supporting Kenyan-owned businesses. Lets put a stop to all this nonsense that is causing more and more people to suffer! - - - +`#environment `_ `#agriculture `_ `#corruption `_ `#aid `_ - -#environment #agriculture #corruption #aid - - - -#environment #agriculture #corruption #aid - - - -#environment #agriculture #corruption #aid - - `#environment `_ - -#environment - - `#agriculture `_ - -#agriculture - - `#corruption `_ - -#corruption - - `#aid `_ - -#aid - diff --git a/content/blog/kiberas-lindi-pesa.rst b/content/blog/kiberas-lindi-pesa.rst index be3adb0..ea95d15 100644 --- a/content/blog/kiberas-lindi-pesa.rst +++ b/content/blog/kiberas-lindi-pesa.rst @@ -8,7 +8,7 @@ - +.. image:: images/blog/kiberas-lindi-pesa1.webp @@ -68,13 +68,8 @@ Many thanks to our partners Nyendo-lernen, Lush Cosmetics and DOEN for making th -#kibera #nairobi - `#kibera `_ +`#kibera `_ `#nairobi `_ -#kibera - `#nairobi `_ - -#nairobi diff --git a/content/blog/kilifi-kenya.rst b/content/blog/kilifi-kenya.rst index ea6f3fe..6cb2bd1 100644 --- a/content/blog/kilifi-kenya.rst +++ b/content/blog/kilifi-kenya.rst @@ -2,7 +2,7 @@ :author: Isavary Khabuqwi :date: Feb 10 :slug: kilifi-kenya -:modified: Feb 12 +:modified: Feb 12 2021 :summary: The current reality is that following Covid-19 many have fallen deeper and deeper into debt. However, most individuals would still not... :tags: Kilifi,Kenya,debt,Basic Income,community currency @@ -12,7 +12,7 @@ The current reality is that following Covid-19 many have fallen deeper and deepe -.. image:: images/blog/kilifi-kenya21.webp +.. image:: images/blog/kilifi-kenya1.webp @@ -25,6 +25,7 @@ The implementation of a basic income program in Kilifi, as developed by Grassroo What Sarafu means for me… +******************************* @@ -37,6 +38,7 @@ When a Kilfi resident, like Pascaline Wanjiku, accepts to receive Sarafu, she of Market Days +*************** @@ -52,12 +54,7 @@ Kilifians come to weekly Sarafu market days to sell goods and services using bas -Anyone can receive a basic income in Sarafu by dialing *384*96# or call 0757628885 for more information. This national service is free and available to all Kenyans thanks to the Red Cross. Kilifians who don’t need a basic income, often support others by giving theirs to those in need and accepting it for goods and services or in place of debt. - - **Anyone can receive a basic income in Sarafu by dialing *384*96# or call 0757628885 for more information. This national service is free and available to all Kenyans thanks to the Red Cross. Kilifians who don’t need a basic income, often support others by giving theirs to those in need and accepting it for goods and services or in place of debt.** - - -Anyone can receive a basic income in Sarafu by dialing *384*96# or call 0757628885 for more information. This national service is free and available to all Kenyans thanks to the Red Cross. Kilifians who don’t need a basic income, often support others by giving theirs to those in need and accepting it for goods and services or in place of debt. +Anyone can receive a basic income in Sarafu by dialing *384*96# or call 0757628885 for more information. **This national service is free and available to all Kenyans thanks to the Red Cross**. Kilifians who don’t need a basic income, often support others by giving theirs to those in need and accepting it for goods and services or in place of debt. diff --git a/content/blog/kwaheri-2015.rst b/content/blog/kwaheri-2015.rst index a41832b..1e4e740 100644 --- a/content/blog/kwaheri-2015.rst +++ b/content/blog/kwaheri-2015.rst @@ -9,16 +9,13 @@ - +.. image:: images/blog/kwaheri-20151.webp Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership dues in CC as a community fund to care for the needy. A lot has happened this year. With only ~2,000 Euros worth of CC in circulation between five networks, we're seeing as much as 350 Euros of daily trade. This makes a huge impact on the lives of small businesses and schools in informal settlements. - - - Trade Volume @@ -26,120 +23,67 @@ Trade Volume - * Amount in circulation: 216,000 Kenyan Shillings (1,911 EUR) - * Daily Circulation estimate in November. 39,430 Kenyan Shillings. This is 18% of total in circulation traded daily. (358 EUR)* This is a low estimate for average yearly as we approach holiday seasons. - * Monthly Circulation: ~1,118,000 Kenyan Shillings (10,750 EUR) - * Yearly Circulation: ~14,000,000 Kenyan Shillings (129,000 EUR) This as new trade within five low income informal settlements. +* Amount in circulation: 216,000 Kenyan Shillings (1,911 EUR) +* Daily Circulation estimate in November. 39,430 Kenyan Shillings. This is 18% of total in circulation traded daily. (358 EUR)* This is a low estimate for average yearly as we approach holiday seasons. +* Monthly Circulation: ~1,118,000 Kenyan Shillings (10,750 EUR) +* Yearly Circulation: ~14,000,000 Kenyan Shillings (129,000 EUR) This as new trade within five low income informal settlements. The amount of trade is more than 200% higher than the amount of funding it has taken to setup these programs and will continue to grow. - - - CC Users - - -CC Users - - - -CC Users - - * Business Network Members: 599 - * Schools: 18 - * Teachers: 72 - * Community Fund beneficiaries outside of Networks( such as service work participants): ~500. - * Saving & Loan Members: ~100 - - -Secondary Users +* Business Network Members: 599 +* Schools: 18 +* Teachers: 72 +* Community Fund beneficiaries outside of Networks( such as service work participants): ~500. +* Saving & Loan Members: ~100 Secondary Users - - -Secondary Users - - * Students: 540 - * Family members: ~3000 - * Surrounding communities depending on businesses and schools: 100,000 (at roughly 20k people in each community around the shops) +* Students: 540 +* Family members: ~3000 +* Surrounding communities depending on businesses and schools: 100,000 (at roughly 20k people in each community around the shops) Typical CC Uses - General Trade +* Increases to sales and customers +* Not going hungry and stability during poor markets +* Offering CC as change during National Currency sales. -General Trade - - - -General Trade - - * Increases to sales and customers - * Not going hungry and stability during poor markets - * Offering CC as change during National Currency sales. - - -Schools - Schools +* Higher enrollment and less student debt +* Teacher salary advances -Schools - - * Higher enrollment and less student debt - * Teacher salary advances - - -Open Air Markets - Open Air Markets - - -Open Air Markets - - * Selling more stock and getting new clients - * Public usage of CC during event +* Selling more stock and getting new clients +* Public usage of CC during event Savings and Loan +* Ability to save and invest. Networks savings increasing. -Savings and Loan - - - -Savings and Loan - - * Ability to save and invest. Networks savings increasing. - - -Community Services - Community Services - - -Community Services - - * Waste Collection, care for the needy, sports events, networking and cooking, school events. +* Waste Collection, care for the needy, sports events, networking and cooking, school events. diff --git a/content/blog/lindi-and.rst b/content/blog/lindi-and.rst index 14c1837..a3e1650 100644 --- a/content/blog/lindi-and.rst +++ b/content/blog/lindi-and.rst @@ -8,11 +8,7 @@ -.. image:: images/blog/lindi-and18.webp - - - - +.. image:: images/blog/lindi-and1.webp @@ -20,9 +16,6 @@ The 4th and 5th Kenyan Community Currencies were launched last week within a spa - - - These five Community Currencies in Kenya are significant not only because they network and empower more than 500 small businesses and schools, but also because they are able to grow horizontally by demonstrating to their neighbors how the programs work and what benefits they have. Each community currency is owned and operated by Community Based Organizations (CBOs) which are made up of small businesses and schools in the area that back and issue the currency. @@ -44,33 +37,17 @@ Ng'ombeni-Pesa or (Cow Money) comes the the Kwa Ng'ombe area of Mikindani, Momba - - - For their help in making these two currencies a reality we offer a special thanks to: +* For the Lindi and Ng'ombeni Business Networks - for taking on these programs and showing us how to use them. +* Nyendo-lernen who are dedicated to helping Kenyan schools and are featured on the Lindi and Ng'ombeni vouchers. +* Chiemgauer - for helping with the printing and specialty paper +* Stichen DOEN - who supported both currencies through implementation. +* LUSH Cosmetics - who assisted with Kangemi and Lindi-Pesa +* Carol Opondo and Tatjana Posavec for their artistic talents doing the original art and graphic design for the currencies. +* For the Grassroots Economics Team - especially Robin Gerbaux for his work on the directories and user guide - who will be heading back to France in September. -For their help in making these two currencies a reality we offer a special thanks to: +South Africa: This last month the 2nd Community Currency following the original Bangla-Pesa model was launched in Kokstad, South Africa. We're extremely proud of the `FlowAfrica.org `_ team on there work there and hope they can keep up the momentum. - - -For their help in making these two currencies a reality we offer a special thanks to: - - * For the Lindi and Ng'ombeni Business Networks - for taking on these programs and showing us how to use them. - * Nyendo-lernen who are dedicated to helping Kenyan schools and are featured on the Lindi and Ng'ombeni vouchers. - * Chiemgauer - for helping with the printing and specialty paper - * Stichen DOEN - who supported both currencies through implementation. - * LUSH Cosmetics - who assisted with Kangemi and Lindi-Pesa - * Carol Opondo and Tatjana Posavec for their artistic talents doing the original art and graphic design for the currencies. - * For the Grassroots Economics Team - especially Robin Gerbaux for his work on the directories and user guide - who will be heading back to France in September. - - -South Africa: This last month the 2nd Community Currency following the original Bangla-Pesa model was launched in Kokstad, South Africa. We're extremely proud of the FlowAfrica.org team on there work there and hope they can keep up the momentum. - - - -South Africa: This last month the 2nd Community Currency following the original Bangla-Pesa model was launched in Kokstad, South Africa. We're extremely proud of the FlowAfrica.org team on there work there and hope they can keep up the momentum. - - `FlowAfrica.org `_ \ No newline at end of file diff --git a/content/blog/lindi-business.rst b/content/blog/lindi-business.rst index 68e7a38..f0a36a6 100644 --- a/content/blog/lindi-business.rst +++ b/content/blog/lindi-business.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/lindi-business18.webp +.. image:: images/blog/lindi-business1.webp @@ -28,17 +28,11 @@ GE finds it's important to support the women and men through Gumbaru school. By - + +`#education `_ `#sarafu `_ -#education #sarafu - `#education `_ -#education - - `#sarafu `_ - -#sarafu diff --git a/content/blog/liquidity-risk.rst b/content/blog/liquidity-risk.rst index 669eab7..9484a9c 100644 --- a/content/blog/liquidity-risk.rst +++ b/content/blog/liquidity-risk.rst @@ -7,8 +7,9 @@ +.. raw:: html - + @@ -16,24 +17,13 @@ We're very happy to start the year with a visit from our Director of Risk Manage - - - As of 2016 there are thousands Complementary Currency Programs worldwide. Given this is still an unregulated industry the collateral requirements of the organization issuing community currency don't really exist. In the worst cases organizations can issue much more credit than they have any tangible backing for. - - -As of 2016 there are thousands Complementary Currency Programs worldwide. Given this is still an unregulated industry the collateral requirements of the organization issuing community currency don't really exist. In the worst cases organizations can issue much more credit than they have any tangible backing for. - - - -As of 2016 there are thousands Complementary Currency Programs worldwide. Given this is still an unregulated industry the collateral requirements of the organization issuing community currency don't really exist. In the worst cases organizations can issue much more credit than they have any tangible backing for. - - * Generally all this credit ends up at the most popular shops - * Those shops stops accepting it because they can't use it fast enough. - * Other shops start to default – causing a chain reaction (reputation risk). - * If everyone then wants to cash out – there isn't even enough euros (collateral) to satisfy them. This is basic Liquidity Risk. The organization is acting like an unregulated bank and issuing tons of uncollateralized credit to consumers. +* Generally all this credit ends up at the most popular shops +* Those shops stops accepting it because they can't use it fast enough. +* Other shops start to default – causing a chain reaction (reputation risk). +* If everyone then wants to cash out – there isn't even enough euros (collateral) to satisfy them. This is basic Liquidity Risk. The organization is acting like an unregulated bank and issuing tons of uncollateralized credit to consumers. If a community currency is being used in a commercial business – there must be some assurance that, that business won't get stuck with too much community currency. In the simulation there are enough cascading defaults that there is a critical system failure. Essentially the currency was a bubble that could not be sustained. This is bad for businesses and the economy at large. @@ -46,18 +36,11 @@ When we first started we used mutual guarantee. Where members would back other m So what do we recommend? +* First that all currency is backed fully in cooperatively owned liquid and physical assets. This means creating cooperative businesses in these communities that offer security for the currency. +* Second we allow for a steam release valve - which we call Credit-clearing. If you keep adding heat to a system – it gets too hot and needs a way to cool off – or it will explode. If business such as schools collect too much currency over a short period of time, we give them a way to exchange for national currency or other assets that the cooperative keeps as collateral. +* The amount of liquid (cash) collateral vs Asset collateral (stock or other assets) that needs to be kept on hand for credit-clearing is based on a risk analysis. We're lucky to have a risk manager on our board that can set our standards higher than those of the banking industry. - -So what do we recommend? +`#liquidityrisk `_ -So what do we recommend? - - * First that all currency is backed fully in cooperatively owned liquid and physical assets. This means creating cooperative businesses in these communities that offer security for the currency. - * Second we allow for a steam release valve - which we call Credit-clearing. If you keep adding heat to a system – it gets too hot and needs a way to cool off – or it will explode. If business such as schools collect too much currency over a short period of time, we give them a way to exchange for national currency or other assets that the cooperative keeps as collateral. - * The amount of liquid (cash) collateral vs Asset collateral (stock or other assets) that needs to be kept on hand for credit-clearing is based on a risk analysis. We're lucky to have a risk manager on our board that can set our standards higher than those of the banking industry. - `#liquidityrisk `_ - -#liquidityrisk - diff --git a/content/blog/looking-back.rst b/content/blog/looking-back.rst index 2031717..7ba7d76 100644 --- a/content/blog/looking-back.rst +++ b/content/blog/looking-back.rst @@ -10,47 +10,30 @@ So far, after roughly 6 months of piloting we've witnessed 40,000 blockchain transactions! So what does that actually mean? - - - - - - 4,065 Kenyans representing families living below the poverty line have traded 3,263,081 Kenyan Shillings worth of goods and services (about 30,000 USD) with each other - ensuring more stable trade than with the often scarce Kenyan Shillings. Using their community currencies, like Miyani-Pesa on the Sarafu network, people have supported themselves and bought from each other: -.. image:: images/blog/looking-back27.webp - - * 2,567 daily farming wages have been paid - * 54,928 servings of vegetables - * 5,361 kilos of flour - * 2,506 rides on local transport - * 843 school tuition payments - * 484,404 liters of water - * 59 visits to the doctor - **Note these are general services and products among categories of vendors - many more are being traded.* - - - +.. image:: images/blog/looking-back1.webp +* 2,567 daily farming wages have been paid +* 54,928 servings of vegetables +* 5,361 kilos of flour +* 2,506 rides on local transport +* 843 school tuition payments +* 484,404 liters of water +* 59 visits to the doctor +* *Note these are general services and products among categories of vendors - many more are being traded.* (Chart shows enrollment in our pilot programs. Each user is given, free of charge, 400 Community Currency Tokens with which to trade.) - - - - Most if not at all of these purchases would not have happened otherwise. We're encouraged by community members embracing community currencies to access resources that would otherwise go underutilized, and taking the opportunity to save their valuable Kenyan Shillings. This translates to children staying in school, families being better nourished, workers earning a reliable income, and so much more. - - - What are we looking forward to: @@ -73,130 +56,6 @@ Community currencies are well-named, in that it takes an entire network of peopl - +`#quarterlyupdate `_ `#blockchain `_ `#transactions `_ `#Kenya `_ `#impacts `_ - - - - - - - - - - - - - - - - - - - - - -#quarterlyupdate #blockchain #transactions #Kenya #impacts - - - -#quarterlyupdate #blockchain #transactions #Kenya #impacts - - - -#quarterlyupdate #blockchain #transactions #Kenya #impacts - - - -#quarterlyupdate #blockchain #transactions #Kenya #impacts - - `#quarterlyupdate `_ - -#quarterlyupdate - - `#blockchain `_ - -#blockchain - - `#transactions `_ - -#transactions - - `#Kenya `_ - -#Kenya - - `#impacts `_ - -#impacts - -:title: Looking Back at 40,000 Blockchain Transactions -:author: Will Ruddick -:date: Jul 12, 2019 -:slug: looking-back - -:summary: So far this year, after roughly 6 months of piloting we've witnessed 40,000 transactions! -4,065 Kenyans representing families living below - - - - -So far, after roughly 6 months of piloting we've witnessed 40,000 blockchain transactions! So what does that actually mean? - - - -4,065 Kenyans representing families living below the poverty line have traded 3,263,081 Kenyan Shillings worth of goods and services (about 30,000 USD) with each other - ensuring more stable trade than with the often scarce Kenyan Shillings. Using their community currencies, like Miyani-Pesa on the Sarafu network, people have supported themselves and bought from each other: - - **4,065 Kenyans representing families living below the poverty line have traded 3,263,081 Kenyan Shillings worth of goods and services (about 30,000 USD) with each other - ensuring more stable trade than with the often scarce Kenyan Shillings. Using their community currencies, like Miyani-Pesa on the Sarafu network, people have supported themselves and bought from each other:** - - -4,065 Kenyans representing families living below the poverty line have traded 3,263,081 Kenyan Shillings worth of goods and services (about 30,000 USD) with each other - ensuring more stable trade than with the often scarce Kenyan Shillings. Using their community currencies, like Miyani-Pesa on the Sarafu network, people have supported themselves and bought from each other: - - *4,065 Kenyans representing families living below the poverty line have traded 3,263,081 Kenyan Shillings worth of goods and services (about 30,000 USD) with each other - ensuring more stable trade than with the often scarce Kenyan Shillings. Using their community currencies, like Miyani-Pesa on the Sarafu network, people have supported themselves and bought from each other:* - - -.. image:: images/blog/looking-back26.webp - - - -Enrollment in our pilot programs - each user is given free of charge 400 Community Currency Tokens to trade with - - * 2,567 daily farming wages have been paid - * 54,928 servings of vegetables - * 5,361 kilos of flour - * 2,506 rides on local transport - * 843 school tuition payments - * 484,404 liters of water - * 59 visits to the doctor - * *Note these are general services and products among categories of vendors - many more are being traded. - - -Most if not at all of these purchases would not have happened otherwise. We're encouraged by community members embracing community currencies to access resources that would otherwise go underutilized, and taking the opportunity to save their valuable Kenyan Shillings. This translates to children staying in school, families being better nourished, workers earning a reliable income, and so much more. - - - -What are we looking forward to: - - * Open source code and systems that allow any community to create their own medium of exchange to supplement scarce national currencies and create resilient markets. - * Voting systems to help communities manage their currencies, raise local taxes and support social services. - * Connection to stable tokens that allow people to support community currencies that build thriving economies as a new form of Cash Transfer Programming. - * Responding to the worldwide refugee crisis through Refugee Inclusive Community Currencies that help regions develop credit and employ refugees. - * Working with internal savings and loaning women's groups, which are key hubs in the community. - - -What we need to get there: - - * Developers to build an open and full stack solution. - * Supporters and partners to help fund these solutions and spread the information through online courses and resource centers. - * Researchers to analyse data to improve our systems and help spread these concepts. - * Volunteers to work in Kenyan communities to explain and expand on these programs. - - -Community currencies are well-named, in that it takes an entire network of people to make them work. Our thanks go to the community members, ambassadors, volunteers, staff, supporters, and partners who have contributed their time and belief to get us to 40,000 transactions. If you'd like to get involved reach out to us. Here's to the next 40,000 - 80,000 - 100,000! - - - -Community currencies are well-named, in that it takes an entire network of people to make them work. Our thanks go to the community members, ambassadors, volunteers, staff, supporters, and partners who have contributed their time and belief to get us to 40,000 transactions. If you'd like to get involved reach out to us. Here's to the next 40,000 - 80,000 - 100,000! - - `reach out to us `_ \ No newline at end of file diff --git a/content/blog/looking-towards.rst b/content/blog/looking-towards.rst index 05808d4..e9e5c4f 100644 --- a/content/blog/looking-towards.rst +++ b/content/blog/looking-towards.rst @@ -10,47 +10,28 @@ 2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa. Besides our currency programs we have also worked with hundreds of street living youth in Kenya, to help them reintegrate with society. We're looking forward to 2015! In 2014 we: - - -2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa. Besides our currency programs we have also worked with hundreds of street living youth in Kenya, to help them reintegrate with society. We're looking forward to 2015! In 2014 we: - - - -2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa. Besides our currency programs we have also worked with hundreds of street living youth in Kenya, to help them reintegrate with society. We're looking forward to 2015! In 2014 we: - - * continued to monitor the first and now vibrant community currency program in Kenya. Looking back, our first award winning pilot in 2010 Eco-Pesa gave us the tools to implement and develop Bangla-Pesa starting in 2012 Via mutual credit backing and circulating vouchers. Bangla-Pesa has enabled over 3 million shillings worth of trade in an impoverished informal settlement in Mombasa. We've measured as much as an 80% increase in sales revenue in the community during poor market conditions, through better utilization of excess capacity and interconnectedness between small over 300 informal businesses. - * Set a legal precedent by defending our programs in court. - * enabled networks of businesses to save Kenyan Shillings for investment and cooperative enterprises. - * duplicated Bangla-Pesa now in Nairobi's Kawangware informal settlement with Gatina-Pesa(named after Gatina location where it is centered.) There are 4 schools in Mombasa and 4 so far in Nairobi accepting community currency for school fees, helping to raise and stabilize teachers salaries. - * established community currency as a low cost innovation that can be spread to communities across Africa - * collaborated with and trained the FLOW team in South Africa to implement in two municipalities in South Africa, which will launch community currencies in mid 2015. The team in South Africa led by John Ziniades and Anna Cowen from Cape Town are doing amazing work. The teams of FLOW Ambassadors that they are creating to help implement these programs along with their support from local municipalities really set them apart from other CC programs. - * presented community currencies at an international - - -In 2015 we will: +* continued to monitor the first and now vibrant community currency program in Kenya. Looking back, our first award winning pilot in 2010 Eco-Pesa gave us the tools to implement and develop Bangla-Pesa starting in 2012 Via mutual credit backing and circulating vouchers. Bangla-Pesa has enabled over 3 million shillings worth of trade in an impoverished informal settlement in Mombasa. We've measured as much as an 80% increase in sales revenue in the community during poor market conditions, through better utilization of excess capacity and interconnectedness between small over 300 informal businesses. +* Set a legal precedent by defending our programs in court. +* enabled networks of businesses to save Kenyan Shillings for investment and cooperative enterprises. +* duplicated Bangla-Pesa now in Nairobi's Kawangware informal settlement with Gatina-Pesa(named after Gatina location where it is centered.) There are 4 schools in Mombasa and 4 so far in Nairobi accepting community currency for school fees, helping to raise and stabilize teachers salaries. +* established community currency as a low cost innovation that can be spread to communities across Africa +* collaborated with and trained the FLOW team in South Africa to implement in two municipalities in South Africa, which will launch community currencies in mid 2015. The team in South Africa led by John Ziniades and Anna Cowen from Cape Town are doing amazing work. The teams of FLOW Ambassadors that they are creating to help implement these programs along with their support from local municipalities really set them apart from other CC programs. +* presented community currencies at an international In 2015 we will: +* Form a foundation to help establish legislation, expand research and implement more community currency programs. +* Start another 4 currencies in Kenya (2 in Nairobi and 2 more in Mombasa Counties) Thanks to Lush Cosmetics and DOEN! +* Assist in 2 more currencies being implemented in South Africa +* Assist local government to be able to monitor and manage community currency programs. +* We hope - find the support to create an office for East Africa promoting community currency programs. -In 2015 we will: - - * Form a foundation to help establish legislation, expand research and implement more community currency programs. - * Start another 4 currencies in Kenya (2 in Nairobi and 2 more in Mombasa Counties) Thanks to Lush Cosmetics and DOEN! - * Assist in 2 more currencies being implemented in South Africa - * Assist local government to be able to monitor and manage community currency programs. - * We hope - find the support to create an office for East Africa promoting community currency programs. -#gatina #bangla +`#gatina `_ `#bangla `_ - `#gatina `_ -#gatina - - `#bangla `_ - -#bangla diff --git a/content/blog/managing-their.rst b/content/blog/managing-their.rst index e4a2cfa..98f5588 100644 --- a/content/blog/managing-their.rst +++ b/content/blog/managing-their.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/managing-their14.webp +.. image:: images/blog/managing-their1.webp @@ -24,141 +24,6 @@ Over the last 1 month they have had 268 clients come buy over $3,000 USD worth o -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati! - - - -1 - - - -268 - - - -3 - - - -, - - - -000 - - - -USD - - - -of - - - -! - - - -of - - - -2 - - - -, - - - -600 - - - -USD - - - -of - - - - to purchase cooking oil - - - -, - - - - fuel and wheat flour - - - -for - - - - their business - - - -. - - - - Circular economy - - - -- - - - - circular chapati - - - -! - - .. image:: images/blog/managing-their103.webp @@ -172,42 +37,6 @@ Over the last month they have had 123 customers and sold $840 USD by accepting S -Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy. - - - -Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy. - - - -Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy. - - - -Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy. - - - -123 - - - -840 - - - -USD - - - -- - - - -. - - - .. image:: images/blog/managing-their135.webp @@ -219,59 +48,6 @@ Susan is a mother and tailor in Mukuru. She was started using CICs 2 months ago In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - -In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - - - -In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - - - -In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - - - -In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - - - -In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - - - -In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan! - - - -756 - - - -USD - - - -of - - - -100 - - - -. - - - -? - - - -! - - - .. image:: images/blog/managing-their169.webp @@ -284,54 +60,6 @@ Victor in the last month has had 54 clients and sold $1,246 USD worth of his ser -Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu - - - -Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu - - - -Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu - - - -Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu - - - -Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu - - - -in - - - -54 - - - -1 - - - -, - - - -246 - - - -USD - - - -of - - - .. image:: images/blog/managing-their203.webp @@ -340,97 +68,5 @@ Grace is one of the Red Cross' disaster response team members and is also a cari -Grace is one of the Red Cross' disaster response team members and is also a caring mother. She has a cereal shop in Mukuru and she feeds more than a hundred households. She joined the network 8 months ago and in this time of the pandemic, she has dedicated her shop to feed even more families by use of the CIC (Sarafu). She has increased her trade volume in order to help families get a meal. In return, Gertrude also spends more of her Sarafu in the community and by doing so, she is able to save the national currency which she uses to buy more stock for her shop. - - - -Gertrude - - - Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery. - - - -2 - - - -, - - - -286 - - - -USD - - - -of - - - -114 - - - -this - - - -2 - - - -, - - - -316 - - - -USD - - - -. - - - -. - diff --git a/content/blog/mangroves-and.rst b/content/blog/mangroves-and.rst index 1b29baf..fddedf5 100644 --- a/content/blog/mangroves-and.rst +++ b/content/blog/mangroves-and.rst @@ -8,129 +8,65 @@ -.. image:: images/blog/mangroves-and18.webp +.. image:: images/blog/mangroves-and1.webp - - - We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near a mangrove forest have: - - -We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near a mangrove forest have: - - - -We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near a mangrove forest have: - - * begun stabilizing eroded soils by planting grasses and trees - * catching rainwater by installing gutters - * planting vegetables - * and conserving the mangrove forests to stabilize spawning locations for crabs +* begun stabilizing eroded soils by planting grasses and trees +* catching rainwater by installing gutters +* planting vegetables +* and conserving the mangrove forests to stabilize spawning locations for crabs February has been a great month. The schools have worked hard at their gardens and have tried to bring in water whenever it is needed even though there was a shortage. Baby vegetable seedlings are starting to sprout and the pioneer plants the lemon grass and bamboo are doing well. - - - - - - - PROGRESS REPORT FOR PERMACULTURE GARDENS IN ST. ANGELINE’S AND ST.PETER AND PAUL - - - - - - - - - - - - - - - - - The setting up of permaculture gardens in the two schools had the following main objectives for Grassroots Economics: - - -The setting up of permaculture gardens in the two schools had the following main objectives for Grassroots Economics: - - - -The setting up of permaculture gardens in the two schools had the following main objectives for Grassroots Economics: - - * Combat the severe soil erosion in the compounds - * Inculcate in the children a sense of social responsibility - * Boost the nutrition of the families by growing vegetables and fruit trees in the gardens - * Link the schools and the community through use of community currency +* Combat the severe soil erosion in the compounds +* Inculcate in the children a sense of social responsibility +* Boost the nutrition of the families by growing vegetables and fruit trees in the gardens +* Link the schools and the community through use of community currency The objectives are being achieved gradually and the pupils have been working hard at it. Albeit we have had a few challenges but we are on course to set up within six months. -Combating Severe soil erosion. This objective is being achieved by: - - Combating Severe soil erosion. This objective is being achieved by: - - -Combating Severe soil erosion. This objective is being achieved by: - - * i. Setting up tree nurseries that will provide a sustainable way to continuously plant trees even after the targeted six months. The children have set a target of planting trees at least three times their age by the end of the year Tree nurseries have been set for indegenous trees like the Mrabai, Bambakofi and Luceana which will be great pioneer trees as they already grow in the surrounding villages along with the Flamboyant and neem trees. We taught the children to do seed harvesting so we hope to have an explosion of tree species of their choosing as they have fun planting. - * ii. Planting of pioneer trees and plants that will help in covering the ground and also combat soils erosion- this has been started off by the planting of Lemon grass and bamboo which are trees that have roots that can hold soil and are part of companion planting initiatives. The lemon grass can be used for pest control when planted around the vegetable gardens and will also prevent soil loss through erosion. Bamboo planted at the bottom of the slopes will hold water and also when planted at the top will help in cleaning grey water that will run into the kitchen gardens. - * iii. We also ensured to build swales- that will help in slowing water down as it runs down the slope and is a form of natural water harvesting technique. +* i. Setting up tree nurseries that will provide a sustainable way to continuously plant trees even after the targeted six months. The children have set a target of planting trees at least three times their age by the end of the year Tree nurseries have been set for indegenous trees like the Mrabai, Bambakofi and Luceana which will be great pioneer trees as they already grow in the surrounding villages along with the Flamboyant and neem trees. We taught the children to do seed harvesting so we hope to have an explosion of tree species of their choosing as they have fun planting. +* ii. Planting of pioneer trees and plants that will help in covering the ground and also combat soils erosion- this has been started off by the planting of Lemon grass and bamboo which are trees that have roots that can hold soil and are part of companion planting initiatives. The lemon grass can be used for pest control when planted around the vegetable gardens and will also prevent soil loss through erosion. Bamboo planted at the bottom of the slopes will hold water and also when planted at the top will help in cleaning grey water that will run into the kitchen gardens. +* iii. We also ensured to build swales- that will help in slowing water down as it runs down the slope and is a form of natural water harvesting technique. Inculcating a sense of social responsibility in the children.This has been achieved by: +* i. Holding weekly sensitization classes- for the pupils on the uses of trees and how it is their resposibility to leave the school better than it is. +* ii. We have also partnered with another organizations – so that they can be trained on the benefits of mangroves and how to propagate them. They have also started setting up mangrove nurseries. The mangove will be planted at the beach near the school and it will be their way of giving to the community. -Inculcating a sense of social responsibility in the children.This has been achieved by: - - - -Inculcating a sense of social responsibility in the children.This has been achieved by: - - * i. Holding weekly sensitization classes- for the pupils on the uses of trees and how it is their resposibility to leave the school better than it is. - * ii. We have also partnered with another organizations – so that they can be trained on the benefits of mangroves and how to propagate them. They have also started setting up mangrove nurseries. The mangove will be planted at the beach near the school and it will be their way of giving to the community. - - -Boosting the Nutrition of the community by planting fruit trees and vegetables. We started this off by ensuring the schools had: - Boosting the Nutrition of the community by planting fruit trees and vegetables. We started this off by ensuring the schools had: - - -Boosting the Nutrition of the community by planting fruit trees and vegetables. We started this off by ensuring the schools had: - - * i. Tanks with gutters- that at the onset of rains they would be able to harvest rain that will in turn nourish the vegetables. - * ii. We also involved the community in digging of swales- that we filled up with manure and dry grass that we left for about for a month that would help in boosting the nutrition content of the severely eroded soils. - * iii. We had the children trained on setting up tree and vegetable nurseries- that they would plant in the swales, and the other small vegetable gardens. Vegetables that are in the seedbed are: Kales, bringles and spinach. We hope to introduce gradually tomatoes, water melons, pumkins and some traditional vegetables as we want them to have a stacked garden with creepers that act as cover crops to retain moisture and other vegetables that grow taller. As for food and fruit trees we will introduce the nitrogen fixing and nutrient enriching Moringa Oliefera whose leaves are medicinal and super rich in nutrients along with paws paws, bananas, grafted mangoes and oranges. We will also introduce sugar cane on areas that pool with water. - * iv. The schools have also been trained on companion planting- so that the know how to plant the vegetables and food trees to ensure maximum yield and using organic pest control methods. +* i. Tanks with gutters- that at the onset of rains they would be able to harvest rain that will in turn nourish the vegetables. +* ii. We also involved the community in digging of swales- that we filled up with manure and dry grass that we left for about for a month that would help in boosting the nutrition content of the severely eroded soils. +* iii. We had the children trained on setting up tree and vegetable nurseries- that they would plant in the swales, and the other small vegetable gardens. Vegetables that are in the seedbed are: Kales, bringles and spinach. We hope to introduce gradually tomatoes, water melons, pumkins and some traditional vegetables as we want them to have a stacked garden with creepers that act as cover crops to retain moisture and other vegetables that grow taller. As for food and fruit trees we will introduce the nitrogen fixing and nutrient enriching Moringa Oliefera whose leaves are medicinal and super rich in nutrients along with paws paws, bananas, grafted mangoes and oranges. We will also introduce sugar cane on areas that pool with water. +* iv. The schools have also been trained on companion planting- so that the know how to plant the vegetables and food trees to ensure maximum yield and using organic pest control methods. So far each school has two kitchen gardens one that will be mostly vegetables and a few food trees and one that will contain fruit trees and vegetables @@ -140,11 +76,6 @@ So far each school has two kitchen gardens one that will be mostly vegetables an The schools as part of the Sarafu – Credit community currency. - - - - - At the onset we had meetings with the schools with one of the Bangla-Pesa representatives who would act as a link between the business community and the school. The lady Sylvia Osodo will ensure that when the community is involved in program is involved in the program especially the youth the business network can pay part of the labor fees in Sarafu-Credit from the community basket whenever the need for payment arises. @@ -153,21 +84,5 @@ We envision however the community will gradually take part especially ones withi -#bangla #environment #mombasa - - - -#bangla #environment #mombasa - - `#bangla `_ - -#bangla - - `#environment `_ - -#environment - - `#mombasa `_ - -#mombasa +`#bangla `_ `#environment `_ `#mombasa `_ diff --git a/content/blog/marcianas-struggle.rst b/content/blog/marcianas-struggle.rst index c52efb7..0a8a85e 100644 --- a/content/blog/marcianas-struggle.rst +++ b/content/blog/marcianas-struggle.rst @@ -8,16 +8,10 @@ -.. image:: images/blog/marcianas-struggle18.webp +.. image:: images/blog/marcianas-struggle1.webp - - - - - - Marciana's husband died a long time ago, leaving her with 5 children to care for alone. Even though she is 64 now, and most of her children are grown, she still bears the burden for caring for her family. Her oldest son, who might have taken on this responsibility, also died, and her oldest daughter is disabled from a bout of TB. Her surviving son was trained as a driver, but he’s been unable to find work, so he, his wife, and his two children live with Marciana, along with Marciana’s disabled daughter and youngest daughter (17 years). Marciana didn’t have the money to send her youngest daughter to secondary school. And, although she received some training as a tailor, she is also unemployed. So, Marciana supports this household from the sale of porridge and a bean and maize soup. The porridge sells for 15ksh ($0.18) and soup for 10ksh ($0.12). She usually makes around 600ksh ($7) a day to feed a family of 7. Technically, this puts her above the international poverty line based on the lower cost of living in Kenya, but, as she leaned her forehead against a pole, looked down at her worn red flip flops and dust covered feet, and told us about her life, we could feel the exhaustion caused by her efforts to keep her family fed and housed, and some sadness at being unable to keep her daughters in school and in good health. @@ -40,29 +34,7 @@ When we spoke with her, Marciana had 400 Bangla-Pesa after a day of trading. The -#bangla #women #complementarycurrencies #businesswomen + +`#bangla `_ `#women `_ `#complementarycurrencies `_ `#businesswomen `_ - -#bangla #women #complementarycurrencies #businesswomen - - - -#bangla #women #complementarycurrencies #businesswomen - - `#bangla `_ - -#bangla - - `#women `_ - -#women - - `#complementarycurrencies `_ - -#complementarycurrencies - - `#businesswomen `_ - -#businesswomen - diff --git a/content/blog/margrit-kennedy.rst b/content/blog/margrit-kennedy.rst index 97f4d4a..2569b1c 100644 --- a/content/blog/margrit-kennedy.rst +++ b/content/blog/margrit-kennedy.rst @@ -8,69 +8,22 @@ -One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer condolences to the friends and family of Dr. Margrit Kennedy. She deeply understood and exposed the fact that our monetary system was broken. She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies". Some of our work in Kenya was featured in her recent book, "People Money" which you can find here. Without the help of Dr. Kennedy the team might still be in jail and Bangla-Pesa might not have been relaunched. +One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer condolences to the friends and family of Dr. Margrit Kennedy. She deeply understood and exposed the fact that our monetary system was broken. She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies". Some of our work in Kenya was featured in her recent book, "People Money" which you can find `here `_. Without the help of Dr. Kennedy the team might still be in jail and Bangla-Pesa might not have been relaunched. -One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer condolences to the friends and family of Dr. Margrit Kennedy. She deeply understood and exposed the fact that our monetary system was broken. She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies". Some of our work in Kenya was featured in her recent book, "People Money" which you can find here. Without the help of Dr. Kennedy the team might still be in jail and Bangla-Pesa might not have been relaunched. - - `here `_ - - - - We hope to continue her work in the tradition of academic rigor, holistic approaches and creative thinking - - - - From Her website: As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - -From Her website: - -As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - - -From Her website: - -As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - - -From Her website: - -As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - - -From Her website: - -As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - - -From Her website: - -As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - - -From Her website: - -As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems: - - * How can we create a sustainable monetary system? - * What characterizes monetary systems which do not collapse repeatedly and which serve us rather than control us? - * Where can we find examples of well-working monetary systems in the past and present? +* How can we create a sustainable monetary system? +* What characterizes monetary systems which do not collapse repeatedly and which serve us rather than control us? +* Where can we find examples of well-working monetary systems in the past and present? From wikipedia: @@ -79,40 +32,6 @@ Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, pro -From wikipedia: - -Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money. - - - -From wikipedia: - -Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money. - - - -From wikipedia: - -Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money. - - - -From wikipedia: - -Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money. - - - - -Kennedy was an architect with a Masters Degree in Urban and Regional Planning and a Ph.D. in Public and International Affairs from the University of Pittsburgh Graduate School of Public and International Affairs. She has worked as an Urban Planner in Germany, Nigeria, Scotland and the United States. In 1991, she was appointed Professor of Ecological Building Technologies at the Department of Architecture, University of Hanover. - - - - -Kennedy was an architect with a Masters Degree in Urban and Regional Planning and a Ph.D. in Public and International Affairs from the University of Pittsburgh Graduate School of Public and International Affairs. She has worked as an Urban Planner in Germany, Nigeria, Scotland and the United States. In 1991, she was appointed Professor of Ecological Building Technologies at the Department of Architecture, University of Hanover. - - - Kennedy was an architect with a Masters Degree in Urban and Regional Planning and a Ph.D. in Public and International Affairs from the University of Pittsburgh Graduate School of Public and International Affairs. She has worked as an Urban Planner in Germany, Nigeria, Scotland and the United States. In 1991, she was appointed Professor of Ecological Building Technologies at the Department of Architecture, University of Hanover. @@ -128,18 +47,5 @@ On Saturday, Kennedy has died of cancer at the age of 74 years. Kennedy was a wa -On Saturday, Kennedy has died of cancer at the age of 74 years. Kennedy was a warm and charismatic woman who walked curious and interested in their conversation partner. She was also pragmatic. If it was necessary, they could explain their theory in a single minute. Taxi drivers, for example, if the destination was in sight. She was married to the Irish architect Declan Kennedy and lived in the eco-village "life Steyerberg" in Lower Saxony. About three months ago the cancer was diagnosed. Although the strength left, Kennedy was active until the end. - - - - -On Saturday, Kennedy has died of cancer at the age of 74 years. Kennedy was a warm and charismatic woman who walked curious and interested in their conversation partner. She was also pragmatic. If it was necessary, they could explain their theory in a single minute. Taxi drivers, for example, if the destination was in sight. She was married to the Irish architect Declan Kennedy and lived in the eco-village "life Steyerberg" in Lower Saxony. About three months ago the cancer was diagnosed. Although the strength left, Kennedy was active until the end. - - - - - - - Thank you Dr. Margrit Kennedy for being an inspiration to us all. diff --git a/content/blog/mikindani-community.rst b/content/blog/mikindani-community.rst index 9b4eb54..33a1cb9 100644 --- a/content/blog/mikindani-community.rst +++ b/content/blog/mikindani-community.rst @@ -12,7 +12,7 @@ -.. image:: images/blog/mikindani-community21.webp +.. image:: images/blog/mikindani-community1.webp diff --git a/content/blog/motomoto-performing-2012.rst b/content/blog/motomoto-performing-2012.rst new file mode 100644 index 0000000..fa88997 --- /dev/null +++ b/content/blog/motomoto-performing-2012.rst @@ -0,0 +1,56 @@ +:title: Motomoto Performing Arts +:author: Will Ruddick +:date: Nov 25, 2012 +:slug: motomoto-performing-2012 + +:summary: Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through... + + + + + + + + +Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through performing arts since 2009 when the project was given a kick start from Burners Without Borders. + + + + + + + +This week we had our Wednesday training and showcase at Makadara Grounds in Mombasa. These kids are trying to change their habits, support eachother and get off drug addiction and the streets. Martin is our lead instructor and works with different groups of street kids multiple times a week. We are also hoping to start a prison program in 2013 to reach those youth that are in jail often being subjected to hard labor. + + + +.. raw:: html + + + + + + +See past MotoMoto Videos `here `_. + + + + + + + +Besides the great help we get from Burners without Borders. We are looking for help with donations of kevlar and old poi sets. If you are able to donate a `roll of Kevlaror `_ any other poi stuff that would be great! + + + + +We are also looking for volunteers in 2013. If you can teach poi or want to learn poi - think about doing it in Kenya! + + + + + +`#motomoto `_ `#performingarts `_ `#firedance `_ `#burnerswithoutborders `_ `#poi `_ + + + diff --git a/content/blog/motomoto-performing.rst b/content/blog/motomoto-performing.rst index 6bf5907..7f1dfa1 100644 --- a/content/blog/motomoto-performing.rst +++ b/content/blog/motomoto-performing.rst @@ -24,137 +24,12 @@ One of the students is George Kamau . George dropped out of school in second gra -For more information about the MotoMoto Circus program and how we work with street living youth in Kenya click here. +For more information about the MotoMoto Circus program and how we work with street living youth in Kenya click `here. `_. - `here. `_ -#motomoto #performingarts #firedance #burnerswithoutborders #poi +`#motomoto `_ `#performingarts `_ `#firedance `_ `#burnerswithoutborders `_ `#poi `_ -#motomoto #performingarts #firedance #burnerswithoutborders #poi - -#motomoto #performingarts #firedance #burnerswithoutborders #poi - - - -#motomoto #performingarts #firedance #burnerswithoutborders #poi - - `#motomoto `_ - -#motomoto - - `#performingarts `_ - -#performingarts - - `#firedance `_ - -#firedance - - `#burnerswithoutborders `_ - -#burnerswithoutborders - - `#poi `_ - -#poi - -:title: Motomoto Performing Arts -:author: Will Ruddick -:date: Nov 25, 2012 -:slug: motomoto-performing - -:summary: Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through... - - - - - - - - -Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through performing arts since 2009 when the project was given a kick start from Burners Without Borders. - - - - - - - -This week we had our Wednesday training and showcase at Makadara Grounds in Mombasa. These kids are trying to change their habits, support eachother and get off drug addiction and the streets. Martin is our lead instructor and works with different groups of street kids multiple times a week. We are also hoping to start a prison program in 2013 to reach those youth that are in jail often being subjected to hard labor. - - - - - - - -See past MotoMoto Videos here. - - - -See past MotoMoto Videos here. - - `here `_ - - - - - -Besides the great help we get from Burners without Borders. We are looking for help with donations of kevlar and old poi sets. If you are able to donate a roll of Kevlaror any other poi stuff that would be great! - - - -Besides the great help we get from Burners without Borders. We are looking for help with donations of kevlar and old poi sets. If you are able to donate a roll of Kevlaror any other poi stuff that would be great! - - `roll of Kevlaror `_ - - - - - -We are also looking for volunteers in 2013. If you can teach poi or want to learn poi - think about doing it in Kenya! - - - - - - - -#motomoto #performingarts #firedance #burnerswithoutborders #poi - - - -#motomoto #performingarts #firedance #burnerswithoutborders #poi - - - -#motomoto #performingarts #firedance #burnerswithoutborders #poi - - - -#motomoto #performingarts #firedance #burnerswithoutborders #poi - - `#motomoto `_ - -#motomoto - - `#performingarts `_ - -#performingarts - - `#firedance `_ - -#firedance - - `#burnerswithoutborders `_ - -#burnerswithoutborders - - `#poi `_ - -#poi - diff --git a/content/blog/municipal-basic.rst b/content/blog/municipal-basic.rst index 0895c11..6a8af66 100644 --- a/content/blog/municipal-basic.rst +++ b/content/blog/municipal-basic.rst @@ -1,14 +1,14 @@ :title: Municipal Basic Income (MBI) via CIC :author: Will Ruddick -:date: Jan 23 +:date: Jan 23 2021 :slug: municipal-basic -:modified: Jan 24 +:modified: Jan 24 2021 :summary: Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional :tags: UBI,Basic Income,municiple,MBI -.. image:: images/blog/municipal-basic18.webp +.. image:: images/blog/municipal-basic1.webp @@ -24,9 +24,7 @@ In its simplest form a municipality creates a token which is distributed to resi -Businesses and groups of residents can create a Community Inclusion Currency against their production (like a voucher) and offer some of these CICs in exchange for the MBI – in order to support the municipality. This is a measurable form of corporate social responsibility (CSR) and social enterprise. - - **Businesses and groups of residents can create a Community Inclusion Currency against their production (like a voucher) and offer some of these CICs in exchange for the MBI – in order to support the municipality. This is a measurable form of corporate social responsibility (CSR) and social enterprise.** +Businesses and groups of residents can create a Community Inclusion Currency against their production (like a voucher) and offer some of these CICs in exchange for the MBI – in order to support the municipality. **This is a measurable form of corporate social responsibility (CSR) and social enterprise.** This allows business and communities to transparently and measurably connect their vouchers to the greater social service network formed by the MBI. Online marketplace could feature these supporting businesses as a way to drive traffic to them. @@ -49,6 +47,5 @@ This means that people could keep their municipality economies thriving by accep -While in Kenya we rely on Humanitarian organizations to supply a basic income token - a municipality, or local administration would be a wonderful anchor for community health in this way. The possibilities of MBIs combined with CICs are profound and life affirming. Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional or National economies. +While in Kenya we rely on Humanitarian organizations to supply a basic income token - a municipality, or local administration would be a wonderful anchor for community health in this way. The possibilities of MBIs combined with CICs are profound and life affirming. **Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional or National economies.** - **While in Kenya we rely on Humanitarian organizations to supply a basic income token - a municipality, or local administration would be a wonderful anchor for community health in this way. The possibilities of MBIs combined with CICs are profound and life affirming. Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional or National economies.** diff --git a/content/blog/municipal-bonds.rst b/content/blog/municipal-bonds.rst index 2f39a4c..31daf57 100644 --- a/content/blog/municipal-bonds.rst +++ b/content/blog/municipal-bonds.rst @@ -8,68 +8,34 @@ -.. image:: images/blog/municipal-bonds18.webp - +.. image:: images/blog/municipal-bonds1.webp -.. image:: images/blog/municipal-bonds32.webp - - - - - - - -A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing African Cities: agenda, alliances and solutions - - `Conference Resolutions Africa / Marrakesh 2014: Financing African Cities: agenda, alliances and solutions `_ - - - +A Concept Paper based on observations during the FMDV inspired conference: `Conference Resolutions Africa / Marrakesh 2014: Financing African Cities: agenda, alliances and solutions `_ Why is this interesting? - - -Why is this interesting? - - - -Why is this interesting? - - * What if local governments could fund, incredibly underfunded, budgets through the support of the informal sector? Community Currencies could be the solution for sustainable local development and formalizing public and informal sector relationships. - * What if the informal sector paid taxes using their own goods and services and could trust that the money would be well used? The inability to pay and undesirability of tax paying due to corruption and lack of local impact - especially in developing countries is something we must overcome to create a more equitable society. Community Currencies are a way for local areas to tap into underutilized trade capacity, hedge in their own local abundance and use it to promote local development. - * We hope to see an example of such a Municipal Bond purchased in Community Currency this year in South Africa. +* What if local governments could fund, incredibly underfunded, budgets through the support of the informal sector? Community Currencies could be the solution for sustainable local development and formalizing public and informal sector relationships. +* What if the informal sector paid taxes using their own goods and services and could trust that the money would be well used? The inability to pay and undesirability of tax paying due to corruption and lack of local impact - especially in developing countries is something we must overcome to create a more equitable society. Community Currencies are a way for local areas to tap into underutilized trade capacity, hedge in their own local abundance and use it to promote local development. +* We hope to see an example of such a Municipal Bond purchased in Community Currency this year in South Africa. Jo-Burg did it's first Green Bond in 2014 and more generally Climate Bonds do have a framework (albeit is quite new) "Climate bond, also known as green bond, are a relatively new asset class. Most Climate Bonds are asset-backed, or ringfenced, with investors being promised that all funds raised will only go to specified climate-related programs or assets, such as renewable energy plants or climate mitigation focused funding programs." Creating a new asset class for Municipal Bonds dealing with Community Currencies is touched on below. These bonds could also fit within a Social Impact or Development Impact Bond framework. - - - - 1. Definitions: - - -1. Definitions: - - - -1. Definitions: - - * Municipal Bonds (MBs) are debt securities issued by a state, municipality or county to finance capital expenditures. We will focus on Municipalities for this paper, but the topics could well be applicable to corporate and other bonds. - * Community Currencies (CCs) for this purpose are debt securities backed by goods and services of local businesses (formal and informal within the community). This group of businesses is below called the Trading Network or Network. CCs in this case are given a value of 1:1 to the National Currency and may be issued on paper or electronically. This preludes many - * Complimentary Currencies which are not locally issued or backed. - * Community Currency Municipal Bonds (CCMBs) are bond that are eligible to be purchased in Community Currency. - * Mixed Community Currency Municipal Bonds (MCCMBs) are bond that are eligible to be purchased using a mixture of National Currency and a Community Currency. +* Municipal Bonds (MBs) are debt securities issued by a state, municipality or county to finance capital expenditures. We will focus on Municipalities for this paper, but the topics could well be applicable to corporate and other bonds. +* Community Currencies (CCs) for this purpose are debt securities backed by goods and services of local businesses (formal and informal within the community). This group of businesses is below called the Trading Network or Network. CCs in this case are given a value of 1:1 to the National Currency and may be issued on paper or electronically. This preludes many +* Complimentary Currencies which are not locally issued or backed. +* Community Currency Municipal Bonds (CCMBs) are bond that are eligible to be purchased in Community Currency. +* Mixed Community Currency Municipal Bonds (MCCMBs) are bond that are eligible to be purchased using a mixture of National Currency and a Community Currency. We will focus on CCMBs in this paper but the concepts can be readily expanded to MCCMBs. @@ -80,29 +46,18 @@ The CCMB represents an investment made by a CC trading network. The network made - - - - The investors in this case are a network of businesses trading using a Community Currency. The Bond is purchased by direct transfer of CC from the Network to the Municipality, and transfer of a Bond letter or promissory note to the Network (see MBCC below). -CCMBs specifications: - - CCMBs specifications: - - -CCMBs specifications: - - * Face Value, or Amount of the Bond, will depend on the size of the program, usability of the CC in the program, and size of the trading network. The suggestion is that much lower Face Values with faster turnover could be achieved using a CCMB. - * Coupon, or interest on the Bond, could be as low as 0% depending on the municipalities perceived payoff and risk. Lower interest rates would be appropriate due to the lower relative value of the CC with respect to a National Currency loan. This should also be seen as a low risk investment by the trading network as the Bond's purpose ( community program outcomes ) should benefit them directly or indirectly. Interest should be payable in National Currency as the supply of the CC is generally limited. - * Maturity Time of the Bond could be as low as one month and as high as one year. At the end of this period the bond matures and is payable back in either CC or a mixture of CC and National Currency – along with any interest accrued. - * Expiration Date of the Bond - is the date at which the Bond receipt (MBCC - see below) is no longer redeemable. This is to protect the Municipality from holding outstanding debts. Bond holders – the Business Network as a whole or each of the members individually, keep a receipt of their loan to the municipality and after it matures it can be redeemed at the municipality plus whatever interest has accrued. Definition: - * Municipal Bond Community Currency (MBCC) - The Bond receipt or receipts may be resold and hence used as a Community or Complementary Currency. MBCC usage would temporarily increase the amount of CC in the community. The MBCC would have to look different (or be issued electronically) from the original CC – so that people would know to redeem it for National Currency at the Municipality. The MBCC is a promissory note or notes that are backed by the CCMB promise to repay in Rand or CC - and used as a currency in their own right. This could also be considered a type of Term Currency. +* Face Value, or Amount of the Bond, will depend on the size of the program, usability of the CC in the program, and size of the trading network. The suggestion is that much lower Face Values with faster turnover could be achieved using a CCMB. +* Coupon, or interest on the Bond, could be as low as 0% depending on the municipalities perceived payoff and risk. Lower interest rates would be appropriate due to the lower relative value of the CC with respect to a National Currency loan. This should also be seen as a low risk investment by the trading network as the Bond's purpose ( community program outcomes ) should benefit them directly or indirectly. Interest should be payable in National Currency as the supply of the CC is generally limited. +* Maturity Time of the Bond could be as low as one month and as high as one year. At the end of this period the bond matures and is payable back in either CC or a mixture of CC and National Currency – along with any interest accrued. +* Expiration Date of the Bond - is the date at which the Bond receipt (MBCC - see below) is no longer redeemable. This is to protect the Municipality from holding outstanding debts. Bond holders – the Business Network as a whole or each of the members individually, keep a receipt of their loan to the municipality and after it matures it can be redeemed at the municipality plus whatever interest has accrued. Definition: +* Municipal Bond Community Currency (MBCC) - The Bond receipt or receipts may be resold and hence used as a Community or Complementary Currency. MBCC usage would temporarily increase the amount of CC in the community. The MBCC would have to look different (or be issued electronically) from the original CC – so that people would know to redeem it for National Currency at the Municipality. The MBCC is a promissory note or notes that are backed by the CCMB promise to repay in Rand or CC - and used as a currency in their own right. This could also be considered a type of Term Currency. 2. CCMB program examples @@ -113,9 +68,6 @@ CCMBs specifications: - - - The municipal council has a mandate to care for the environment but currently lacks sufficient funds - Funds are expected to come the following year. @@ -149,39 +101,17 @@ Once the MBCCs maturity date has been reached and before the expiration date (al -* In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB. - - * In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB. - - -* In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB. - - * Then unallocated CCs could be purchased. Unallocated CCs are those that are printed but have not yet been issued or backed by the Network. It would be disastrous for these unallocated CCs to enter circulation without proper backing as it would undermine the local trust in CCs and cause inflation. In this case it is important that the CCs that enter circulation are later removed without causing harm to the Network through inflation. - * In this case the National Currency returned to the holders of the MBCCs after maturity, should be exchanged for CC (which would then be destroyed or removed from circulation). In other words the MBCCs alone would not be able to redeem the National Currency. A MBCC holder would have to have an equivalent about of CC as well. This CC would be collected by the CC verifier and removed from circulation, at which point the MBCC holder would be able to redeem National Currency plus interest if any. +* Then unallocated CCs could be purchased. Unallocated CCs are those that are printed but have not yet been issued or backed by the Network. It would be disastrous for these unallocated CCs to enter circulation without proper backing as it would undermine the local trust in CCs and cause inflation. In this case it is important that the CCs that enter circulation are later removed without causing harm to the Network through inflation. +* In this case the National Currency returned to the holders of the MBCCs after maturity, should be exchanged for CC (which would then be destroyed or removed from circulation). In other words the MBCCs alone would not be able to redeem the National Currency. A MBCC holder would have to have an equivalent about of CC as well. This CC would be collected by the CC verifier and removed from circulation, at which point the MBCC holder would be able to redeem National Currency plus interest if any. A simple option would be for municipalities to offer a zero interest bond purely purchasable and redeemable in CC from the Community Fund of CC. With the incentive for the Network being that community service is taken care of in CC and the Municipality must also accept enough CC (through taxes or other purchases) to pay back the loan in CC. -#municipalbonds #bonds #communitycurrencies - - -#municipalbonds #bonds #communitycurrencies - - `#municipalbonds `_ - -#municipalbonds - - `#bonds `_ - -#bonds - - `#communitycurrencies `_ - -#communitycurrencies +`#municipalbonds `_ `#bonds `_ `#communitycurrencies `_ diff --git a/content/blog/nairobi-bangla-pesa.rst b/content/blog/nairobi-bangla-pesa.rst index 60f186b..69cd76a 100644 --- a/content/blog/nairobi-bangla-pesa.rst +++ b/content/blog/nairobi-bangla-pesa.rst @@ -20,29 +20,7 @@ Because of the sucsses in Bangladesh in using Bangla-Pesa to help with school fe -#nairobi #kawangware #bangla #gatina +`#nairobi `_ `#kawangware `_ `#bangla `_ `#gatina `_ -#nairobi #kawangware #bangla #gatina - - - -#nairobi #kawangware #bangla #gatina - - `#nairobi `_ - -#nairobi - - `#kawangware `_ - -#kawangware - - `#bangla `_ - -#bangla - - `#gatina `_ - -#gatina - diff --git a/content/blog/nairobi-coordinator.rst b/content/blog/nairobi-coordinator.rst index 3af8b4f..4843a5c 100644 --- a/content/blog/nairobi-coordinator.rst +++ b/content/blog/nairobi-coordinator.rst @@ -8,7 +8,7 @@ - + .. image:: images/blog/nairobi-coordinator1.webp diff --git a/content/blog/nairobis-1st.rst b/content/blog/nairobis-1st.rst index f44c482..a7c5188 100644 --- a/content/blog/nairobis-1st.rst +++ b/content/blog/nairobis-1st.rst @@ -36,7 +36,7 @@ Just two months since they had their launch, the Lindi Business Network (LBN) is -.. image:: images/blog/nairobis-1st39.webp +.. image:: images/blog/nairobis-1st1.webp @@ -46,7 +46,7 @@ Just two months since they had their launch, the Lindi Business Network (LBN) is The use of Lindi-Pesa has enabled these women to exchange their goods and services, even when they lack enough money due to poverty and economic downturns. Pamela concludes by noting, “As a business woman in this community, I want to take charge of my family’s livelihood, I want afford my children’s school fees and still have enough to save so that I can expand my business.” - `#gatina `_ +`#gatina `_ + -#gatina diff --git a/content/blog/network-integrity.rst b/content/blog/network-integrity.rst index 7ac35f9..437b0b5 100644 --- a/content/blog/network-integrity.rst +++ b/content/blog/network-integrity.rst @@ -8,93 +8,65 @@ -.. image:: images/blog/network-integrity18.webp +.. image:: images/blog/network-integrity1.webp - **It is well know that - In a world where you can buy or sell anything - integrity is priceless. This is just as true when everything can be bought and sold in a community currency.** +**It is well know that - In a world where you can buy or sell anything - integrity is priceless. This is just as true when everything can be bought and sold in a community currency.** I’m often struck by the fundamental question: - *What you are asking people to adopt with a community currency, really?* +*What you are asking people to adopt with a community currency, really?* At the core of community currency is the golden rule: - **You offer your goods and services as you would have others offer theirs.** - **aka Pay it forward... aka Trust starts with you....** - **Wait, what?!** +**You offer your goods and services as you would have others offer theirs.** +**aka Pay it forward... aka Trust starts with you....** +**Wait, what?!** That alone sounds completely doomed to fail and here is why….. - **The Currency Death Cycle (CDC):** +**The Currency Death Cycle (CDC):** .. image:: images/blog/network-integrity75.webp - * How could I offer my goods or services with a community currency as payment? I would loose goods and services and I don’t trust that I can spend the community currency again! - * No one will accept this community currency from me to purchase their goods and services ! Because they don't think they they will be able to spend it again and just loose their goods or services. - * How could I offer my goods or services with a community currency as payment? Because I would loose goods and services and I don’t trust that I can spend the community currency again! - * No one will accept this community currency from me to purchase their goods and services ! Because they don't think they they will be able to spend it again and just loose their goods or services. - * And so on….. +* How could I offer my goods or services with a community currency as payment? I would loose goods and services and I don’t trust that I can spend the community currency again! +* No one will accept this community currency from me to purchase their goods and services ! Because they don't think they they will be able to spend it again and just loose their goods or services. +* How could I offer my goods or services with a community currency as payment? Because I would loose goods and services and I don’t trust that I can spend the community currency again! +* No one will accept this community currency from me to purchase their goods and services ! Because they don't think they they will be able to spend it again and just loose their goods or services. +* And so on….. -Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC. - - **Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC.** - - -Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC. - - **Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC.** - - -Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC. - - **Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC.** - - -Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC. - +Each time a currency is denied acceptance, the **CDC** gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a **TRUSTED** medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that **many** a community currency has fallen to the CDC. While the Golden Rule might be enough to withstand a mild CDC in some small communities, there must be some foundational golden nugget for a community currency: - **Establishing trust in redemption at the full value it was received.** +**Establishing trust in redemption at the full value it was received.** -This brings us to national currencies and our current default State of Trust on State (SOTOS): +This brings us to national currencies and our current default **State of Trust on State (SOTOS):** - **This brings us to national currencies and our current default State of Trust on State (SOTOS):** - **“At least if I hold National Currency I know I can pay for what I need.”** +**“At least if I hold National Currency I know I can pay for what I need.”** -This default state (SOTOS) that we all live in, effectively nullifies the CDC for a national currency because people KNOW they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.) - - **This default state (SOTOS) that we all live in, effectively nullifies the CDC for a national currency because people KNOW they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.)** - - -This default state (SOTOS) that we all live in, effectively nullifies the CDC for a national currency because people KNOW they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.) - - **This default state (SOTOS) that we all live in, effectively nullifies the CDC for a national currency because people KNOW they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.)** - - -This default state (SOTOS) that we all live in, effectively nullifies the CDC for a national currency because people KNOW they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.) - +This default state (SOTOS) that we all live in, effectively nullifies the **CDC** for a national currency because people **KNOW** they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.) A fundamental question a community currency must try to answer is: - **How can we create economies, flows and reciprocity without falling into the CDC – without relying solely on government or banks (SOTOS)?** +**How can we create economies, flows and reciprocity without falling into the CDC – without relying solely on government or banks (SOTOS)?** By far the simplest idea is the concept of a voucher. Rather than the State vouching for a currencies redeem-ability – why not a business? -Canadian Tire Money – are denominated vouchers issued by a tire company which accepts them back at face value to the Canadian Dollar for tires. It’s quite simple and they have been in small circulation for decades. +`Canadian Tire Money `_ – are denominated vouchers issued by a tire company which accepts them back at face value to the Canadian Dollar for tires. It’s quite simple and they have been in small circulation for decades. + - `Canadian Tire Money `_ In Kenya – chamas (such as farmer’s savings groups) can issue a voucher for food they produce and accept it back at face value to Kenyan shillings. @@ -102,29 +74,23 @@ In Kenya – chamas (such as farmer’s savings groups) can issue a voucher for In this case the issuer of the voucher is the entity you trust. If they refuse it, you could seek legal support from the local government, elders, chief etc. Generally vouchers are governed by contract law as promissory notes. - **How could a voucher like Canadian Tire Money enter general circulation?** - **If I have a tire voucher, can I buy food with it? - Why not, assuming the food seller accepts?** - *If food seller re-spent that voucher later on labor - can it then be redeemed for food? - While not obligated to do so - you might imagine she would have, given she took it in the first place.* +**How could a voucher like Canadian Tire Money enter general circulation?** +**If I have a tire voucher, can I buy food with it? - Why not, assuming the food seller accepts?** +*If food seller re-spent that voucher later on labor - can it then be redeemed for food? - While not obligated to do so - you might imagine she would have, given she took it in the first place.* -But as the voucher starts to circulate farther and farther from people who want tires or even know of the Canadian Tire Company it would start to feel the CDC more and more. :( - - **But as the voucher starts to circulate farther and farther from people who want tires or even know of the Canadian Tire Company it would start to feel the CDC more and more. :(** +But as the voucher starts to circulate farther and farther from people who want tires or even know of the Canadian Tire Company it would start to feel the **CDC** more and more. :( -But as the voucher starts to circulate farther and farther from people who want tires or even know of the Canadian Tire Company it would start to feel the CDC more and more. :( - **What if, as the voucher entered certain jurisdictions or communities it could be converted into other local vouchers? In other words, what if the food seller could convert the tire voucher into a food voucher – when redeeming it / selling it for other goods and services? - Hence at that point they could choose to make it their own voucher.** - - -What if, as the voucher entered certain jurisdictions or communities it could be converted into other local vouchers? In other words, what if the food seller could convert the tire voucher into a food voucher – when redeeming it / selling it for other goods and services? - Hence at that point they could choose to make it their own voucher. +**What if, as the voucher entered certain jurisdictions or communities it could be converted into other local vouchers? In other words, what if the food seller could convert the tire voucher into a food voucher – when redeeming it / selling it for other goods and services?** - Hence at that point they could choose to make it their own voucher. This choice could be made automatic – even mandatory in some networks: - **Hence if you accept a tire voucher for payment and redeem it for anything but a tire, then it becomes your voucher and you should redeem it again yourself.** - *But how much are Tire vouchers worth compared to food vouchers? For this conversion to take place, you would need some higher form of Trust, that would establish the relative value of the two vouchers.* +**Hence if you accept a tire voucher for payment and redeem it for anything but a tire, then it becomes your voucher and you should redeem it again yourself.** +*But how much are Tire vouchers worth compared to food vouchers? For this conversion to take place, you would need some higher form of Trust, that would establish the relative value of the two vouchers.* But how much are Tire vouchers worth compared to food vouchers? For this conversion to take place, you would need some higher form of Trust, that would establish the relative value of the two vouchers. @@ -135,58 +101,26 @@ But how much are Tire vouchers worth compared to food vouchers? For this convers -Here we enter blockchain decentralized infrastructure and blockchain based transparent and immutable contracts as solutions to scaling trust through trustless / formulaic systems. - - **Here we enter blockchain decentralized infrastructure and blockchain based transparent and immutable contracts as solutions to scaling trust through trustless / formulaic systems.** - - -Here we enter blockchain decentralized infrastructure and blockchain based transparent and immutable contracts as solutions to scaling trust through trustless / formulaic systems. +Here we enter **blockchain** decentralized infrastructure and blockchain based transparent and immutable contracts as solutions to scaling trust through trustless / formulaic systems. -While Canadian Tire Money and the Farmers’ Food vouchers could be great by themselves – in-order to scale without suffering from CDC – they need to be bounded in supply and convertible without a middle man to other vouchers . If we were to apply this binding to syntropic principals for currencies, it would fit under Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. +While Canadian Tire Money and the Farmers’ Food vouchers could be great by themselves – in-order to scale without suffering from CDC – they need to be bounded in supply and convertible without a middle man to other vouchers . If we were to apply this binding to `syntropic principals for currencies `_, it would fit under **Management:** Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. - -While Canadian Tire Money and the Farmers’ Food vouchers could be great by themselves – in-order to scale without suffering from CDC – they need to be bounded in supply and convertible without a middle man to other vouchers . If we were to apply this binding to syntropic principals for currencies, it would fit under Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. - - **While Canadian Tire Money and the Farmers’ Food vouchers could be great by themselves – in-order to scale without suffering from CDC – they need to be bounded in supply and convertible without a middle man to other vouchers . If we were to apply this binding to syntropic principals for currencies, it would fit under Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever.** - - -While Canadian Tire Money and the Farmers’ Food vouchers could be great by themselves – in-order to scale without suffering from CDC – they need to be bounded in supply and convertible without a middle man to other vouchers . If we were to apply this binding to syntropic principals for currencies, it would fit under Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. - - `syntropic principals for currencies `_ - -If the tire voucher issuers wanted to ensure that their vouchers would be convertible to other vouchers there would need to be some point of relative value. Well, this is the perfect use case for a blockchain contract. The contract could transparently establish that for each tire voucher there is an amount of reserve. This reserve could be anything the issuer chose, such as a US dollar stable token. - - **If the tire voucher issuers wanted to ensure that their vouchers would be convertible to other vouchers there would need to be some point of relative value. Well, this is the perfect use case for a blockchain contract. The contract could transparently establish that for each tire voucher there is an amount of reserve. This reserve could be anything the issuer chose, such as a US dollar stable token.** - - -If the tire voucher issuers wanted to ensure that their vouchers would be convertible to other vouchers there would need to be some point of relative value. Well, this is the perfect use case for a blockchain contract. The contract could transparently establish that for each tire voucher there is an amount of reserve. This reserve could be anything the issuer chose, such as a US dollar stable token. +If the tire voucher issuers wanted to ensure that their vouchers would be convertible to other vouchers there would need to be some point of relative value. Well, this is the **perfect use case for a blockchain contract**. The contract could transparently establish that for each tire voucher there is an amount of reserve. This reserve could be anything the issuer chose, such as a US dollar stable token. Say that for every tire voucher there is 1:1 backing with Canadian Dollars and if the food voucher we’re similarly backed 1:1 by the same reserve then the relative value of each would be the Reserve over Voucher Supply and they would have equal value to each other. ( P = Reserve / Voucher_Supply = 1 ) - *Say that for every tire voucher there is 1:1 backing with Canadian Dollars and if the food voucher we’re similarly backed 1:1 by the same reserve then the relative value of each would be the Reserve over Voucher Supply and they would have equal value to each other. ( P = Reserve / Voucher_Supply = 1 )* - But if the food voucher was only partially backed say 50% backed by Canadian Dollars then it would have less value than the tire voucher. Hence 1 Tire voucher would be worth 2 Food vouchers. -By backing in National Currency we have not saved ourselves from the problem of excessive SOTOS – (our State of Trust on State). But what if instead of a national currency we created or chose a trusted network token with no intrinsic value to national currency, but rather other goods and services? Such a Network Token could be created by a non-profit foundation that seeks to help communities in need. This Network token would be a pivoting point for establishing relative value between all the vouchers that use it as a reserve. This is what we have in Kenya with Sarafu as our network token. +By backing in National Currency we have not saved ourselves from the problem of excessive SOTOS – (our State of Trust on State). **But what if instead of a national currency we created or chose a trusted network token with no intrinsic value to national currency, but rather other goods and services?** Such a Network Token could be created by a non-profit foundation that seeks to help communities in need. This Network token would be a pivoting point for establishing relative value between all the vouchers that use it as a reserve. This is what we have in Kenya with `Sarafu `_ as our network token. - **By backing in National Currency we have not saved ourselves from the problem of excessive SOTOS – (our State of Trust on State). But what if instead of a national currency we created or chose a trusted network token with no intrinsic value to national currency, but rather other goods and services? Such a Network Token could be created by a non-profit foundation that seeks to help communities in need. This Network token would be a pivoting point for establishing relative value between all the vouchers that use it as a reserve. This is what we have in Kenya with Sarafu as our network token.** - - -By backing in National Currency we have not saved ourselves from the problem of excessive SOTOS – (our State of Trust on State). But what if instead of a national currency we created or chose a trusted network token with no intrinsic value to national currency, but rather other goods and services? Such a Network Token could be created by a non-profit foundation that seeks to help communities in need. This Network token would be a pivoting point for establishing relative value between all the vouchers that use it as a reserve. This is what we have in Kenya with Sarafu as our network token. - - - -By backing in National Currency we have not saved ourselves from the problem of excessive SOTOS – (our State of Trust on State). But what if instead of a national currency we created or chose a trusted network token with no intrinsic value to national currency, but rather other goods and services? Such a Network Token could be created by a non-profit foundation that seeks to help communities in need. This Network token would be a pivoting point for establishing relative value between all the vouchers that use it as a reserve. This is what we have in Kenya with Sarafu as our network token. - - `Sarafu `_ The means that the trust established by the tire voucher issuer can now be transferred to the food voucher issuer. In other words, since both the the food voucher and the tire voucher can be converted to their reserve in Sarafu – their value can be known automatically and they can be accepted anywhere that uses Sarafu. Hence Sarafu as a network token becomes an agreement between voucher issuers. @@ -196,12 +130,7 @@ In this case Sarafu is a bootstrap in Kenya. If businesses can accept Sarafu the -You might object and say – “you have merely delayed the CDC (Currency Death Cycle)” but perhaps not - as long as Sarafu is redeemable for something some of the network needs over time. If Sarafu is backed only by National Currency (with occasional buy outs) we are still in SOTOS, but what if such a network token like Sarafu could be backed by the flour from a large maize mill – or even another voucher like Canadian Tire Money themselves. - - **You might object and say – “you have merely delayed the CDC (Currency Death Cycle)” but perhaps not - as long as Sarafu is redeemable for something some of the network needs over time. If Sarafu is backed only by National Currency (with occasional buy outs) we are still in SOTOS, but what if such a network token like Sarafu could be backed by the flour from a large maize mill – or even another voucher like Canadian Tire Money themselves.** - - -You might object and say – “you have merely delayed the CDC (Currency Death Cycle)” but perhaps not - as long as Sarafu is redeemable for something some of the network needs over time. If Sarafu is backed only by National Currency (with occasional buy outs) we are still in SOTOS, but what if such a network token like Sarafu could be backed by the flour from a large maize mill – or even another voucher like Canadian Tire Money themselves. +You might object and say – **“you have merely delayed the CDC (Currency Death Cycle)”** but perhaps not - as long as Sarafu is redeemable for something some of the network needs over time. If Sarafu is backed only by National Currency (with occasional buy outs) we are still in SOTOS, but what if such a network token like Sarafu could be backed by the flour from a large maize mill – or even another voucher like Canadian Tire Money themselves. @@ -209,43 +138,21 @@ You might object and say – “you have merely delayed the CDC (Currency Death -Here today in Kenya we have 16 Million Sarafu network tokens,that has been distributed freely into a population of 40,000 Kenyan farmers, shop keepers, schools and so on. With occasional purchases of Sarafu from donors and the development of cooperative businesses that act as backing. Communities are getting ready now to take the Sarafu they are using and lock it into a contract (like the Bancor Protocol) on a blockchain which will then mint their own voucher (token, Community Inclusion Currency). +Here today in Kenya we have 16 Million `Sarafu `_ network tokens,that has been distributed freely into a population of 40,000 Kenyan farmers, shop keepers, schools and so on. With occasional purchases of Sarafu from donors and the development of cooperative businesses that act as backing. Communities are getting ready now to take the Sarafu they are using and lock it into a contract (like the `Bancor Protocol `_) on a blockchain which will then mint their own voucher (token, Community Inclusion Currency). - -Here today in Kenya we have 16 Million Sarafu network tokens,that has been distributed freely into a population of 40,000 Kenyan farmers, shop keepers, schools and so on. With occasional purchases of Sarafu from donors and the development of cooperative businesses that act as backing. Communities are getting ready now to take the Sarafu they are using and lock it into a contract (like the Bancor Protocol) on a blockchain which will then mint their own voucher (token, Community Inclusion Currency). - - - -Here today in Kenya we have 16 Million Sarafu network tokens,that has been distributed freely into a population of 40,000 Kenyan farmers, shop keepers, schools and so on. With occasional purchases of Sarafu from donors and the development of cooperative businesses that act as backing. Communities are getting ready now to take the Sarafu they are using and lock it into a contract (like the Bancor Protocol) on a blockchain which will then mint their own voucher (token, Community Inclusion Currency). - - `Sarafu `_ `Bancor Protocol `_ - .. image:: images/blog/network-integrity355.webp Groups of women farmers, shop keepers, teachers and so on in chamas have come together and planned to issue a voucher for their specific goods and services – signed and approved by local authorities – and backed with a reserve of Sarafu; Once the social and blockchain contracts are signed, then they can spend those vouchers in another village where people can convert them to their own vouchers (via Sarafu as a Network Token). Because of the commitment to redeem their own vouchers and their relative value to Sarafu, which is the reserve in all the CICs in villages around them – there can be a state of mutual trust and avoidance of the Currency Death Cycle (CDC) beyond the sole State of Trust of State (SOTOS). The concept here is a community of currencies providing a network of stability - or Canadian Tire Money like vouchers multiplied by the number of businesses and chamas across Kenya that see value in issuing their own credit while lacking Kenyan Shilllings. - **Groups of women farmers, shop keepers, teachers and so on in chamas have come together and planned to issue a voucher for their specific goods and services – signed and approved by local authorities – and backed with a reserve of Sarafu; Once the social and blockchain contracts are signed, then they can spend those vouchers in another village where people can convert them to their own vouchers (via Sarafu as a Network Token). Because of the commitment to redeem their own vouchers and their relative value to Sarafu, which is the reserve in all the CICs in villages around them – there can be a state of mutual trust and avoidance of the Currency Death Cycle (CDC) beyond the sole State of Trust of State (SOTOS). The concept here is a community of currencies providing a network of stability - or Canadian Tire Money like vouchers multiplied by the number of businesses and chamas across Kenya that see value in issuing their own credit while lacking Kenyan Shilllings.** +**In a world where you can buy or sell anything with community currency – Network Integrity is Priceless.** -Groups of women farmers, shop keepers, teachers and so on in chamas have come together and planned to issue a voucher for their specific goods and services – signed and approved by local authorities – and backed with a reserve of Sarafu; Once the social and blockchain contracts are signed, then they can spend those vouchers in another village where people can convert them to their own vouchers (via Sarafu as a Network Token). Because of the commitment to redeem their own vouchers and their relative value to Sarafu, which is the reserve in all the CICs in villages around them – there can be a state of mutual trust and avoidance of the Currency Death Cycle (CDC) beyond the sole State of Trust of State (SOTOS). The concept here is a community of currencies providing a network of stability - or Canadian Tire Money like vouchers multiplied by the number of businesses and chamas across Kenya that see value in issuing their own credit while lacking Kenyan Shilllings. +Hence a trusted Network token that holds together various community currencies is extremely important. Note that nation states like Kenya could and should enable a decentralized value driven economy to form themselves and spread it by issuing their **own Central Bank Digital Currencies** that could be used as reserves and Network Tokens. But we can’t wait for that to happen and even then, we don't want to be in excess SOTOS. - **In a world where you can buy or sell anything with community currency – Network Integrity is Priceless.** - - -Hence a trusted Network token that holds together various community currencies is extremely important. Note that nation states like Kenya could and should enable a decentralized value driven economy to form themselves and spread it by issuing their own Central Bank Digital Currencies that could be used as reserves and Network Tokens. But we can’t wait for that to happen and even then, we don't want to be in excess SOTOS. - - **Hence a trusted Network token that holds together various community currencies is extremely important. Note that nation states like Kenya could and should enable a decentralized value driven economy to form themselves and spread it by issuing their own Central Bank Digital Currencies that could be used as reserves and Network Tokens. But we can’t wait for that to happen and even then, we don't want to be in excess SOTOS.** - - -Hence a trusted Network token that holds together various community currencies is extremely important. Note that nation states like Kenya could and should enable a decentralized value driven economy to form themselves and spread it by issuing their own Central Bank Digital Currencies that could be used as reserves and Network Tokens. But we can’t wait for that to happen and even then, we don't want to be in excess SOTOS. - - **Let’s enable credit creation by the masses – just as Canadian Tire Money has shown us – but do it on a public ledger (blockchain) using Network Tokens to link all these vouchers together into a decentralized economy based on real value. Someday there will be open competition and collaboration among Network Tokens to cover all that we want to value.** - - -Let’s enable credit creation by the masses – just as Canadian Tire Money has shown us – but do it on a public ledger (blockchain) using Network Tokens to link all these vouchers together into a decentralized economy based on real value. Someday there will be open competition and collaboration among Network Tokens to cover all that we want to value. +**Let’s enable credit creation by the masses** – just as Canadian Tire Money has shown us – but do it on a public ledger (blockchain) using Network Tokens to link all these vouchers together into a decentralized economy based on real value. Someday there will be open competition and collaboration among Network Tokens to cover all that we want to value. diff --git a/content/blog/new-bills.rst b/content/blog/new-bills.rst index 939ad5b..358044e 100644 --- a/content/blog/new-bills.rst +++ b/content/blog/new-bills.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/new-bills18.webp +.. image:: images/blog/new-bills1.webp @@ -24,19 +24,10 @@ -We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used! +We attended a meeting on `DOEN's New Economy program `_, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by `STRO `_. They are the most secure and advanced bills we've ever used! -We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used! - - - -We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used! - - `DOEN's New Economy program `_ `STRO `_ - - @@ -48,45 +39,18 @@ These bills will go into circulation first in a rural area near Mombasa with up -We were also honored to visit TimeLab in Ghent this month and also give a talk to like-minded people throughout Belglum. +We were also honored to visit `TimeLab `_ in Ghent this month and also give a talk to like-minded people throughout Belglum. -We were also honored to visit TimeLab in Ghent this month and also give a talk to like-minded people throughout Belglum. - - `TimeLab `_ - - - Other news: In the Kawangware slum this month, more than 100 Dollars worth of Community Currency circulated among three schools providing schools fees for over 400 students. -#sarafu #newbills #doen #stro + +`#sarafu `_ `#newbills `_ `#doen `_ `#stro `_ -#sarafu #newbills #doen #stro - - - -#sarafu #newbills #doen #stro - - `#sarafu `_ - -#sarafu - - `#newbills `_ - -#newbills - - `#doen `_ - -#doen - - `#stro `_ - -#stro - diff --git a/content/blog/new-business.rst b/content/blog/new-business.rst index 2939005..e523405 100644 --- a/content/blog/new-business.rst +++ b/content/blog/new-business.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/new-business18.webp +.. image:: images/blog/new-business1.webp diff --git a/content/blog/news-from.rst b/content/blog/news-from.rst index 131b6b6..bd30fc6 100644 --- a/content/blog/news-from.rst +++ b/content/blog/news-from.rst @@ -8,41 +8,16 @@ -.. image:: images/blog/news-from18.webp +.. image:: images/blog/news-from1.webp - - - - - - - Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there. http://www.reconomy.org/community-currencies-in-brazil-interview/ The team hopes to be going there in October, sharing and bringing back a lot of new ideas! -Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there. http://www.reconomy.org/community-currencies-in-brazil-interview/ The team hopes to be going there in October, sharing and bringing back a lot of new ideas! - - `http://www.reconomy.org/community-currencies-in-brazil-interview/ `_ - - - - - - - -#brazil #communitycurrencies - - `#brazil `_ - -#brazil - - `#communitycurrencies `_ - -#communitycurrencies +`#brazil `_ `#communitycurrencies `_ diff --git a/content/blog/ngombeni-pesa-artwork.rst b/content/blog/ngombeni-pesa-artwork.rst index 06d2d35..e3be745 100644 --- a/content/blog/ngombeni-pesa-artwork.rst +++ b/content/blog/ngombeni-pesa-artwork.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/ngombeni-pesa-artwork18.webp +.. image:: images/blog/ngombeni-pesa-artwork1.webp @@ -32,17 +32,10 @@ At our 3rd large scale community meeting on April 18th 2015 we talked with a pot - - - +`#ngombeni `_ - - - `#ngombeni `_ - -#ngombeni diff --git a/content/blog/no-nonsense.rst b/content/blog/no-nonsense.rst index 7027bb9..4c43000 100644 --- a/content/blog/no-nonsense.rst +++ b/content/blog/no-nonsense.rst @@ -12,25 +12,14 @@ The Bangla-Pesa crew is getting ready for our November 23rd re-launch. We have c - - - Our agenda for the day includes: - - -Our agenda for the day includes: - - - -Our agenda for the day includes: - - * A match with the Bangla-Pesa volley ball team. - * Displays of various media on Bangla-Pesa including our newest animation. - * Speeches from honored guests, lawyers and community members - * An enactment drama of Bangla-Pesa past present and future. - * Program's Official re-Launch Ribbon Cutting +* A match with the Bangla-Pesa volley ball team. +* Displays of various media on Bangla-Pesa including our newest animation. +* Speeches from honored guests, lawyers and community members +* An enactment drama of Bangla-Pesa past present and future. +* Program's Official re-Launch Ribbon Cutting Look out for the Bangla-Pesa street sign. Emma Onyango will operating out of various shops in the community accepting registrations in the program. @@ -39,23 +28,10 @@ Look out for the Bangla-Pesa street sign. Emma Onyango will operating out of var - `Bangla-Pesa was featured on Public Radio International today. `_ - -#bangla #complementarycurrencies #grassrootseconomicsnews +`Bangla-Pesa was featured on Public Radio International today. `_ -#bangla #complementarycurrencies #grassrootseconomicsnews +`#bangla `_ `#complementarycurrencies `_ `#grassrootseconomicsnews `_ - `#bangla `_ - -#bangla - - `#complementarycurrencies `_ - -#complementarycurrencies - - `#grassrootseconomicsnews `_ - -#grassrootseconomicsnews diff --git a/content/blog/not-your.rst b/content/blog/not-your.rst index b656081..be17561 100644 --- a/content/blog/not-your.rst +++ b/content/blog/not-your.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/not-your18.webp +.. image:: images/blog/not-your1.webp @@ -44,13 +44,7 @@ This system creates an interest free source of credit and market stability for t -#bangla #duka - `#bangla `_ +`#bangla `_ `#duka `_ -#bangla - - `#duka `_ - -#duka diff --git a/content/blog/one-church.rst b/content/blog/one-church.rst index 1916de4..b5c82a6 100644 --- a/content/blog/one-church.rst +++ b/content/blog/one-church.rst @@ -8,7 +8,7 @@ -.. image:: images/blog/one-church18.webp +.. image:: images/blog/one-church1.webp @@ -50,5 +50,5 @@ He quotes “ If it were not for Sarafu, I would not be where I am. Sarafu has e Dzeha’s church is a pillar of support representing the majority of CIC trade in the community. In just the last month during the COVID crisis the church has: - * Received 97,303 CICs in 252 transactions from 181 people, - * Spent 126,638 CIC in 248 transactions to 42 people. This represents as much as 6000 individual meals in a community! +* Received 97,303 CICs in 252 transactions from 181 people, +* Spent 126,638 CIC in 248 transactions to 42 people. 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2021 Mid Year CIC Update
Tue 11 May 2021
Faith Based Community Inclusion Currencies
+
Tue 04 May 2021
+
From Mustard Seeds to Food Forests: A Regenerative Journey
Thu 08 April 2021
Grassroots Economics has a New Director: Shaila Agha
Sun 28 March 2021
Kakuma Refugee Testimonial
Sat 13 February 2021
Refugee Economics in Kakuma Kenya
+
Wed 10 February 2021
+
Kilifi Kenya - a hub for Community Driven Basic Income
Thu 28 January 2021
Youth Employment via Elderly/Vulnerable Support
Sat 23 January 2021
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2020 Kenyan CICs in Review
Sun 20 December 2020
Regenerative Agriculture - Field Visit Report
+
Fri 11 December 2020
+
How to Build a Vulnerable Household Support Network
+
Sun 06 December 2020
+
Currency Supply, Taxation and Redistribution
Fri 27 November 2020
Strong Communities - Strong Currencies
Wed 25 November 2020
Rural Sarafu Network - CIC Impacts
Tue 17 November 2020
CIC Indices for SDGs
+
Sat 07 November 2020
+
Network Integrity is Priceless
Sun 25 October 2020
Food Forests and Syntropic Currencies
Fri 07 August 2020
Sarafu Network Kenya Mid-Year CIC Update
+
Sat 01 August 2020
+
How to Host a Currency Potluck
Sat 25 July 2020
ReCommoning - Chama Cycles for Governance & Debt Reboot
Sat 11 July 2020
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Collateral Bonded Gas for Block Validation
Sat 23 May 2020
Managing their Own Economy during Crisis
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Mon 11 May 2020
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COVID-19 Blockchain Crisis Response - CICs at 500% Growth
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Sat 02 May 2020
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Currency 123 (Back, Guarantee, Open)
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Sat 18 April 2020
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Demystifying Currency Creation and Backing
Wed 25 March 2020
Rural Villages Coping with COVID-19
Mon 23 March 2020
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Blockchain Currencies Fighting COVID-19 - Mukuru, Kenya
Sun 01 March 2020
CIC Pilot Impacts and Plans
+
Sun 09 February 2020
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Kenyan Women - Ahead of the IMF
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Fri 07 February 2020
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Comparative Analysis of eMoney and Community Currency
Mon 27 January 2020
Community Inclusion Currencies are Now Open Source
Sun 19 January 2020
Blockchain Powered Village Checkers Tournament
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Sun 12 January 2020
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Investment Modelling in Community Inclusion Currencies
Fri 03 January 2020
2019 Data Release - 92k Kenyan blockchain translations
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Wed 25 December 2019
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Economies into Ecosystems
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Fri 06 December 2019
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Enabling Leverage
Wed 11 September 2019
Banking on the SILC Road
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Fri 12 July 2019
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Looking Back at 40,000 Blockchain Transactions
Sun 16 June 2019
Shrimp Fishing Builds an Economy
Tue 28 May 2019
@@ -159,6 +189,8 @@
Blockchain without Internet
Fri 09 November 2018
Takaungu Pesa is here!
+
Wed 03 October 2018
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Disrupting Currencies
Fri 25 May 2018
Interactive Village Market Simulator!
Thu 10 May 2018
@@ -207,6 +239,8 @@
Not Your Typical Vegetable Kiosk
Tue 31 January 2017
Queen of Katwe
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Tue 17 January 2017
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Liquidity Risk in Community Currency
Wed 21 December 2016
Here We Are - Kenya 2016
Wed 19 October 2016
@@ -259,6 +293,8 @@
News from Brazil
Tue 21 April 2015
New Business in Kawangware
+
Mon 20 April 2015
+
Ng'ombeni-Pesa Artwork
Sat 04 April 2015
Kangemi-Pesa Launched
Fri 27 March 2015
@@ -274,7 +310,7 @@
Thu 25 September 2014
Gatina-Pesa Launch Prep
Fri 29 August 2014
-
Hon. Paul Simba Arati MP Dagoretti - North
+
Hon. Paul Simba Arati MP Dagoretti - North
Thu 21 August 2014
Gatina-Pesa and South Africa
Thu 31 July 2014
@@ -347,10 +383,14 @@
Motomoto Performing Arts
Fri 15 February 2013
BBN Meeting
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Tue 08 January 2013
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Kenya's Food Exports vs Food Aids
Wed 26 December 2012
Tiwi Orphans Visit
Tue 27 November 2012
Complementary Currency: Business Network Creation
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Sun 25 November 2012
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Motomoto Performing Arts
diff --git a/output/author/caroline-dama.html b/output/author/caroline-dama.html index 79cb06c..79efbcc 100644 --- a/output/author/caroline-dama.html +++ b/output/author/caroline-dama.html @@ -76,6 +76,31 @@

Articles by Caroline Dama

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  • diff --git a/output/author/daniel-mukosia.html b/output/author/daniel-mukosia.html index 706149f..36683eb 100644 --- a/output/author/daniel-mukosia.html +++ b/output/author/daniel-mukosia.html @@ -193,7 +193,8 @@

    Nairobi Coordinator Inspiration

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    For the first three months I started working as a volunteer. I am able to get in touch with different business individuals in all the...

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    For the first three months I started working as a volunteer. I am able to get in touch with different business individuals in all the...

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    Articles by Isavary Khabuqwi

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    Blockchain without Internet

    We can't print enough paper notes for everyone who needs them. But nearly everyone has a phone (without internet). In order to reach a...

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    By + Lynda Chalker
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    Disrupting Currencies

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    Grassroots Economics Foundation has been at the forefront of empowering bottom-of-the-pyramid communities in Kenya by use of Sarafu...

    diff --git a/output/author/shaila-agha.html b/output/author/shaila-agha.html index 979160d..110bd40 100644 --- a/output/author/shaila-agha.html +++ b/output/author/shaila-agha.html @@ -94,6 +94,31 @@

    SMEs the missing link in Circular Economies

    Organizations merely have to choose whether to help their local community, or pay taxes to a government whose reach is never felt in these s

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    By + Shaila Agha
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    From Mustard Seeds to Food Forests: A Regenerative Journey

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    We are learning from 50 community groups that use a community currency to sell produce and pay for the labor with community currency

    diff --git a/output/author/sowelu-avanzo.html b/output/author/sowelu-avanzo.html new file mode 100644 index 0000000..90fd364 --- /dev/null +++ b/output/author/sowelu-avanzo.html @@ -0,0 +1,129 @@ + + + + grassroots-pelican - Articles by Sowelu Avanzo + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
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    Articles by Sowelu Avanzo

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    +
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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
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    + + + + \ No newline at end of file diff --git a/output/author/tatianarubianogoubert.html b/output/author/tatianarubianogoubert.html index 06cc40d..1f24365 100644 --- a/output/author/tatianarubianogoubert.html +++ b/output/author/tatianarubianogoubert.html @@ -93,8 +93,7 @@

    Empowering Mothers

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’...

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’...

    diff --git a/output/author/will-ruddick.html b/output/author/will-ruddick.html index e8c95c6..ae236f5 100644 --- a/output/author/will-ruddick.html +++ b/output/author/will-ruddick.html @@ -280,7 +280,7 @@
    - +
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    By Will Ruddick
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    -

    CIC Indices for SDGs

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    By encouraging circular trade within communities humanitarian aid can build basic circulatory systems for support and resilience.

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    How to Build a Vulnerable Household Support Network

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    Utilizing and developing Community Currencies can support, strengthen and identify a social safety nets around vulnerable households.

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    By Will Ruddick
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    Food Forests and Syntropic Currencies

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    Currency Supply, Taxation and Redistribution

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    What does a decentralized economic system look like?

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    Articles by Will Ruddick

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      By + Will Ruddick
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      Motomoto Performing Arts

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      We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each...

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      BBN Meeting

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      After two small business meetings and several focus group sessions, the Bangla Business Network (BBN) had it's first large group meeting...

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      Kenya's Food Exports vs Food Aids

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      Amazing as it may sound Kenya exports over 3 billion dollars worth of food! The World Food Program says that Kenya has a yearly need of...

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      By + Will Ruddick
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      Motomoto Performing Arts

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      Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through...

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    Articles by Will Ruddick

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      By + Will Ruddick
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      CIC Indices for SDGs

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      By encouraging circular trade within communities humanitarian aid can build basic circulatory systems for support and resilience.

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      Network Integrity is Priceless

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      It is well know that - In a world where you can buy or sell anything - integrity is priceless. This is just as true when everything can...

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      Sarafu Network Kenya Mid-Year CIC Update

      We've reached nearly 90Million worth (~900,000 USD) of Community Inclusion Currency trading between 30,0000 users in Kenya for basic needs.

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      By + Will Ruddick
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      How to Host a Currency Potluck

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      Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currencies (CICs) potlucks!

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      By Will Ruddick
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      CIC (COVID-19 Crisis) Cash Aid

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      With unstable food systems and deteriorating markets and supply chains, knowing how to target aid is crucial to providing relief and buildin

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      COVID-19 Blockchain Crisis Response - CICs at 500% Growth

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      Since we started using blockchain for CICs in September 2018 we have seen nearly half a million dollars (482k USD) worth of trade via 154k t

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      By Will Ruddick
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      Building a Public Registry for Community Currencies(DeFi)

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      Even when you have no money you are not poor. Building a Public Registry for Community Currencies.

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      CIC Pilot Impacts and Plans

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      In the last 30 days we have had 3015 users making at least 1 trade. For a volume of 2,336,655 Tokens (~23k USD equivalent of goods and...

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      2019 Data Release - 92k Kenyan blockchain translations

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      With every transaction being logged anonymously on a public blockchain we have unprecedented insight into what living below the poverty...

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      Currency 123 (Back, Guarantee, Open)

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      A Community Inclusion Currency (CIC) is way to transparently establish a credit system to enable local markets to thrive and link...

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      ⇇ « - Page 2 / 8 + Page 2 / 10 » - ⇉ + ⇉

      diff --git a/output/author/will-ruddick3.html b/output/author/will-ruddick3.html index 4a8a35b..7b5d74b 100644 --- a/output/author/will-ruddick3.html +++ b/output/author/will-ruddick3.html @@ -80,7 +80,7 @@
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      @@ -89,11 +89,11 @@
      By Will Ruddick
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      -

      Banking on the SILC Road

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      Rarely in development work do you see an intervention that sprouts its own two legs and starts running across the country without donor fund

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      Demystifying Currency Creation and Backing

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      Once upon a time a goat herder counted his herd and found 100 goats (some old and some young). That was a nice surprise. He estimated a...

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      @@ -114,11 +114,11 @@
      By Will Ruddick
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      -

      Shrimp Fishing Builds an Economy

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      Fishermen pay for their children’s school fees by selling shrimp to a cooperative with a freezer for storage. Women buy the shrimp and cook

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      CIC (COVID-19 Crisis) Cash Aid

      +

      With unstable food systems and deteriorating markets and supply chains, knowing how to target aid is crucial to providing relief and buildin

      @@ -130,7 +130,7 @@
      - +
      @@ -139,11 +139,11 @@
      By Will Ruddick
      - +
      -

      100+ new Blockchain Wallets in One Day – Fighting Rural Food Insecurity

      -

      Rural communities are adopting blockchain based community currencies at an astounding pace! 100+ new users in one day represents nearly...

      +

      Building a Public Registry for Community Currencies(DeFi)

      +

      Even when you have no money you are not poor. Building a Public Registry for Community Currencies.

      @@ -155,7 +155,7 @@
      - +
      @@ -164,11 +164,11 @@
      By Will Ruddick
      - +
      -

      300 Bob - a money story

      -

      This is a story I often tell to being to discuss what money is and what it could be. It is derived from a German tale. One day a Mama...

      +

      CIC Pilot Impacts and Plans

      +

      In the last 30 days we have had 3015 users making at least 1 trade. For a volume of 2,336,655 Tokens (~23k USD equivalent of goods and...

      @@ -180,7 +180,7 @@
      - +
      @@ -189,11 +189,11 @@
      By Will Ruddick
      - +
      -

      Celebrating Bernard's Inspiration

      -

      Bernard’s vision of diverse monetary eco-systems that support communities and the environment rather than extract from them, as they...

      +

      Kenyan Women - Ahead of the IMF

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      Could the IMF and Commercial banks learn from women in rural Kenya how to create a decentralized and de-risked (transparently 100% backed)

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      @@ -214,11 +214,11 @@
      By Will Ruddick
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      -

      2614 Blockchain Transactions for Basic Needs

      -

      In our journey over the last few months building tools for community currencies on the blockchain to support healthy economies, a network...

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      Community Inclusion Currencies are Now Open Source

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      These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to

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      @@ -239,15 +239,11 @@
      By Will Ruddick
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      -

      Interactive Village Market Simulator!

      -

      The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of...

      -

      The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -YouTube MOOC

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      Blockchain Powered Village Checkers Tournament

      +

      How do you have a proper checkers tournament when no one can pay the entry fees? Jacob the organizer saw an opportunity. His neighbors in...

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      @@ -268,11 +264,11 @@
      By Will Ruddick
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      -

      Sarafu Cooperative is born!

      -

      We are very happy to announce that today, for the first time in our organizational history, the community currency members of the Nairobi...

      +

      Investment Modelling in Community Inclusion Currencies

      +

      While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share...

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      @@ -293,11 +289,11 @@
      By Will Ruddick
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      -

      Rural Community Currencies for Food Security

      -

      The Miyani area in Kenya has been identified by Red Cross and the World Food Program as food insecure for over 5 years. Red Cross along...

      +

      2019 Data Release - 92k Kenyan blockchain translations

      +

      With every transaction being logged anonymously on a public blockchain we have unprecedented insight into what living below the poverty...

      @@ -309,7 +305,7 @@
      - +
      @@ -318,11 +314,11 @@
      By Will Ruddick
      - +
      -

      Ending Our 2017

      -

      Dear Friends and Stakeholders, In just three years, Grassroots Economics grew from a community group working to help improve living...

      +

      Economies into Ecosystems

      +

      The reserve behind these tokens, the actual aid funding, was about $2.5k USD).This means that $2,500 USD of Aid funds created 10,000 tokens

      @@ -334,9 +330,9 @@

      ⇇ « - Page 3 / 8 + Page 3 / 10 » - ⇉ + ⇉

      diff --git a/output/author/will-ruddick4.html b/output/author/will-ruddick4.html index 2b9ef55..6ab30b5 100644 --- a/output/author/will-ruddick4.html +++ b/output/author/will-ruddick4.html @@ -80,7 +80,7 @@
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      @@ -89,11 +89,11 @@
      By Will Ruddick
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      -

      Community Currency Design Course Opening

      -

      Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course...

      +

      Enabling Leverage

      +

      By exploring this space and enabling leverage we can open the door to truly decentralized financial services. If credit can be safely issued

      @@ -105,7 +105,7 @@
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      @@ -114,11 +114,11 @@
      By Will Ruddick
      - +
      -

      Berkshares and Bangla-Pesa

      -

      The Schumacher Center for a New Economics has supported us with inspiration and advice since we began with Eco-Pesa in 2010. Before...

      +

      Banking on the SILC Road

      +

      Rarely in development work do you see an intervention that sprouts its own two legs and starts running across the country without donor fund

      @@ -130,7 +130,7 @@
      - +
      @@ -139,11 +139,11 @@
      By Will Ruddick
      - +
      -

      Universal Basic Income via Community Currencies

      -

      Universal Basic Income (UBI), as currently under trial in Kenya by GiveDirectly, gives regular donations to individuals in selected...

      +

      Shrimp Fishing Builds an Economy

      +

      Fishermen pay for their children’s school fees by selling shrimp to a cooperative with a freezer for storage. Women buy the shrimp and cook

      @@ -155,7 +155,7 @@
      - +
      @@ -164,11 +164,11 @@
      By Will Ruddick
      - +
      -

      New Bills for a New Economy

      -

      We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The...

      +

      100+ new Blockchain Wallets in One Day – Fighting Rural Food Insecurity

      +

      Rural communities are adopting blockchain based community currencies at an astounding pace! 100+ new users in one day represents nearly...

      @@ -180,7 +180,7 @@
      - +
      @@ -189,11 +189,11 @@
      By Will Ruddick
      - +
      -

      Queen of Katwe

      -

      If there is one movie this year that captures the life we see here in East Africa each day it is the Queen of Katwe. There is so much...

      +

      300 Bob - a money story

      +

      This is a story I often tell to being to discuss what money is and what it could be. It is derived from a German tale. One day a Mama...

      @@ -205,7 +205,7 @@
      - +
      @@ -214,11 +214,11 @@
      By Will Ruddick
      - +
      -

      Here We Are - Kenya 2016

      -

      Happy holidays! We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has...

      +

      Celebrating Bernard's Inspiration

      +

      Bernard’s vision of diverse monetary eco-systems that support communities and the environment rather than extract from them, as they...

      @@ -230,7 +230,7 @@
      - +
      @@ -239,11 +239,11 @@
      By Will Ruddick
      - +
      -

      Accolades for Kenyan Community Currencies

      -

      Community Currencies in Kenya have gotten a lot of lime light this month! Ruth Mwangi our Program Director has been honored to visit the...

      +

      2614 Blockchain Transactions for Basic Needs

      +

      In our journey over the last few months building tools for community currencies on the blockchain to support healthy economies, a network...

      @@ -255,7 +255,7 @@
      - +
      @@ -264,11 +264,11 @@
      By Will Ruddick
      - +
      -

      715 Members and Growing Fast

      -

      Sarafu-Credit users in five locations around Kenya have increased by over 83% since January 1st. Our Super Markets and Credit Clearing...

      +

      Interactive Village Market Simulator!

      +

      The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of...

      @@ -280,7 +280,7 @@
      - +
      @@ -289,11 +289,11 @@
      By Will Ruddick
      - +
      -

      Sarafu-Credit Takes Shape

      -

      We began the year by looking at our successes and challenges with five Kenyan community currencies in 2015. Out of this came the...

      +

      Sarafu Cooperative is born!

      +

      We are very happy to announce that today, for the first time in our organizational history, the community currency members of the Nairobi...

      @@ -305,7 +305,7 @@
      - +
      @@ -314,11 +314,11 @@
      By Will Ruddick
      - +
      -

      Kwaheri 2015 - Community Service and Results

      -

      Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership...

      +

      Rural Community Currencies for Food Security

      +

      The Miyani area in Kenya has been identified by Red Cross and the World Food Program as food insecure for over 5 years. Red Cross along...

      @@ -330,9 +330,9 @@

      ⇇ « - Page 4 / 8 + Page 4 / 10 » - ⇉ + ⇉

      diff --git a/output/author/will-ruddick5.html b/output/author/will-ruddick5.html index ef81db9..b81776f 100644 --- a/output/author/will-ruddick5.html +++ b/output/author/will-ruddick5.html @@ -80,7 +80,7 @@
      - +
      @@ -89,11 +89,11 @@
      By Will Ruddick
      - +
      -

      Retreat and Renewal

      -

      September marked the first official renewal event for Bangla-Pesa after more than 2+ years in circulation (Starting in May 2013). The...

      +

      Ending Our 2017

      +

      Dear Friends and Stakeholders, In just three years, Grassroots Economics grew from a community group working to help improve living...

      @@ -105,7 +105,7 @@
      - +
      @@ -114,11 +114,11 @@
      By Will Ruddick
      - +
      -

      1st Community Currency Market and More

      -

      September 12th Community Currency groups in Mombasa and Nairobi both held simultaneous events. One was a community market and games day...

      +

      Community Currency Design Course Opening

      +

      Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course...

      @@ -130,7 +130,7 @@
      - +
      @@ -139,11 +139,11 @@
      By Will Ruddick
      - +
      -

      Lindi and Ng'ombeni Pesa Launched

      -

      The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in...

      +

      Berkshares and Bangla-Pesa

      +

      The Schumacher Center for a New Economics has supported us with inspiration and advice since we began with Eco-Pesa in 2010. Before...

      @@ -155,7 +155,7 @@
      - +
      @@ -164,11 +164,11 @@
      By Will Ruddick
      - +
      -

      African Community Currencies Update

      -

      Kenyan Community Currencies Nairobi Gatina-Pesa – The Gatina Business Network's members have been saving their Kenyan Shilings together...

      +

      Universal Basic Income via Community Currencies

      +

      Universal Basic Income (UBI), as currently under trial in Kenya by GiveDirectly, gives regular donations to individuals in selected...

      @@ -180,7 +180,7 @@
      - +
      @@ -189,11 +189,11 @@
      By Will Ruddick
      - +
      -

      Municipal Bonds and Community Currency

      -

      A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing...

      +

      New Bills for a New Economy

      +

      We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The...

      @@ -205,7 +205,7 @@
      - +
      @@ -214,11 +214,11 @@
      By Will Ruddick
      - +
      -

      Berg Rand Launches in South Africa

      -

      The Berg Rand or BRAND - which means 'Fire' Money in Afrikaans, had an amazing launch today! The FlowAfrica team lead by John Ziniades...

      +

      Queen of Katwe

      +

      If there is one movie this year that captures the life we see here in East Africa each day it is the Queen of Katwe. There is so much...

      @@ -230,7 +230,7 @@
      - +
      @@ -239,11 +239,11 @@
      By Will Ruddick
      - +
      -

      Progress in South Africa

      -

      One of our partner programs in South Africa was recently featured on the news. "An exciting new era may be dawning for the Kokstad...

      +

      Liquidity Risk in Community Currency

      +

      We're very happy to start the year with a visit from our Director of Risk Management Jimmy Heyns from Belgium with over 18 years of...

      @@ -255,7 +255,7 @@
      - +
      @@ -264,11 +264,11 @@
      By Will Ruddick
      - +
      -

      News from Brazil

      -

      Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there....

      +

      Here We Are - Kenya 2016

      +

      Happy holidays! We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has...

      @@ -280,7 +280,7 @@
      - +
      @@ -289,11 +289,11 @@
      By Will Ruddick
      - +
      -

      Kangemi-Pesa Launched

      -

      Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is...

      +

      Accolades for Kenyan Community Currencies

      +

      Community Currencies in Kenya have gotten a lot of lime light this month! Ruth Mwangi our Program Director has been honored to visit the...

      @@ -305,7 +305,7 @@
      - +
      @@ -314,11 +314,11 @@
      By Will Ruddick
      - +
      -

      Kangemi-Pesa Launch Prep and More Currency News

      -

      Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100...

      +

      715 Members and Growing Fast

      +

      Sarafu-Credit users in five locations around Kenya have increased by over 83% since January 1st. Our Super Markets and Credit Clearing...

      @@ -330,9 +330,9 @@

      ⇇ « - Page 5 / 8 + Page 5 / 10 » - ⇉ + ⇉

      diff --git a/output/author/will-ruddick6.html b/output/author/will-ruddick6.html index 0ab1d93..7eda498 100644 --- a/output/author/will-ruddick6.html +++ b/output/author/will-ruddick6.html @@ -80,7 +80,7 @@
      - +
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      By Will Ruddick
      - +
      -

      Looking Towards 2015

      -

      2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa....

      +

      Sarafu-Credit Takes Shape

      +

      We began the year by looking at our successes and challenges with five Kenyan community currencies in 2015. Out of this came the...

      @@ -105,7 +105,7 @@
      - +
      @@ -114,11 +114,11 @@
      By Will Ruddick
      - +
      -

      Gatina & Bangla Pesa Nov Updates

      -

      After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong....

      +

      Kwaheri 2015 - Community Service and Results

      +

      Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership...

      @@ -130,7 +130,7 @@
      - +
      @@ -139,11 +139,11 @@
      By Will Ruddick
      - +
      -

      Gatina-Pesa Starting Circulation

      -

      Nairobi's first community currency Gatina-Pesa, following Bangla-Pesa's success has started circulation with vigor. Due to its dense...

      +

      Retreat and Renewal

      +

      September marked the first official renewal event for Bangla-Pesa after more than 2+ years in circulation (Starting in May 2013). The...

      @@ -155,7 +155,7 @@
      - +
      @@ -164,11 +164,11 @@
      By Will Ruddick
      - +
      -

      Gatina-Pesa Launched

      -

      With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized...

      +

      1st Community Currency Market and More

      +

      September 12th Community Currency groups in Mombasa and Nairobi both held simultaneous events. One was a community market and games day...

      @@ -180,7 +180,7 @@
      - +
      @@ -189,11 +189,11 @@
      By Will Ruddick
      - +
      -

      Gatina-Pesa Launch Prep

      -

      The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the...

      +

      Lindi and Ng'ombeni Pesa Launched

      +

      The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in...

      @@ -205,7 +205,7 @@
      - +
      @@ -214,11 +214,11 @@
      By Will Ruddick
      - +
      -

      Hon. Paul Simba Arati MP Dagoretti - North

      -

      Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local...

      +

      African Community Currencies Update

      +

      Kenyan Community Currencies Nairobi Gatina-Pesa – The Gatina Business Network's members have been saving their Kenyan Shilings together...

      @@ -230,7 +230,7 @@
      - +
      @@ -239,11 +239,11 @@
      By Will Ruddick
      - +
      -

      Gatina-Pesa and South Africa

      -

      Gatina-Pesa in Nairobi (a sister currency to Bangla-Pesa) is set to launch in early October! Initial designs of the Gatina-Pesa have been...

      +

      Municipal Bonds and Community Currency

      +

      A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing...

      @@ -255,7 +255,7 @@
      - +
      @@ -264,11 +264,11 @@
      By Will Ruddick
      - +
      -

      Nairobi Bangla-Pesa Making Strides

      -

      Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near...

      +

      Berg Rand Launches in South Africa

      +

      The Berg Rand or BRAND - which means 'Fire' Money in Afrikaans, had an amazing launch today! The FlowAfrica team lead by John Ziniades...

      @@ -280,7 +280,7 @@
      - +
      @@ -289,11 +289,11 @@
      By Will Ruddick
      - +
      -

      School Fees with Bangla-Pesa

      -

      July has seen the Bangla-Pesa program surpass 200 accepting businesses and the introduction of three primary schools into the...

      +

      Progress in South Africa

      +

      One of our partner programs in South Africa was recently featured on the news. "An exciting new era may be dawning for the Kokstad...

      @@ -305,7 +305,7 @@
      - +
      @@ -314,11 +314,11 @@
      By Will Ruddick
      - +
      -

      A New Kind of Cash

      -

      “Cash is the enemy of the poor,” wrote Rodger Voorhies, director of the Bill & Melinda Gates Foundation’s program aimed at improving...

      +

      News from Brazil

      +

      Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there....

      @@ -330,9 +330,9 @@

      ⇇ « - Page 6 / 8 + Page 6 / 10 » - ⇉ + ⇉

      diff --git a/output/author/will-ruddick7.html b/output/author/will-ruddick7.html index 7d1e70b..ee7ed03 100644 --- a/output/author/will-ruddick7.html +++ b/output/author/will-ruddick7.html @@ -80,7 +80,7 @@
      - +
      @@ -89,11 +89,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Waste, Volleyball and Nairobi

      -

      Community Waste Collection This weekend the Bangladesh Business Network, the more than 180 people who trade their goods and services with...

      +

      Ng'ombeni-Pesa Artwork

      +

      The Ng'ombeni-Pesa Community Based Organization has been formed. They are a neighboring slum to Bangladesh in Mombasa County and live in...

      @@ -105,7 +105,7 @@
      - +
      @@ -114,11 +114,11 @@
      By Will Ruddick
      - +
      -

      Registration and Exchange Visits

      -

      Registration Last week the Bangladesh Business Network was 'finally' given it's official registration papers with the Kenyan Government...

      +

      Kangemi-Pesa Launched

      +

      Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is...

      @@ -130,7 +130,7 @@
      - +
      @@ -139,11 +139,11 @@
      By Will Ruddick
      - +
      -

      Help Support Community Currencies

      -

      Dear Friends and Colleagues, We are happy to announce that we have won a precedent-setting court victory which legitimates community...

      +

      Kangemi-Pesa Launch Prep and More Currency News

      +

      Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100...

      @@ -155,7 +155,7 @@
      - +
      @@ -164,11 +164,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa - Can we do it again?

      -

      After winning court battles, relaunching the program, hearing heart breaking stories and finding amazing results the local government...

      +

      Looking Towards 2015

      +

      2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa....

      @@ -180,7 +180,7 @@
      - +
      @@ -189,11 +189,11 @@
      By Will Ruddick
      - +
      -

      Elections, Service, Mapping and Nairobi

      -

      New Board and Community Service Contributions On April 19th the Bangladesh Business Network had their first official board elections and...

      +

      Gatina & Bangla Pesa Nov Updates

      +

      After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong....

      @@ -205,7 +205,7 @@
      - +
      @@ -214,11 +214,11 @@
      By Will Ruddick
      - +
      -

      Sustainable Programs and Complementary Currencies

      -

      In 1982, the late Dr. Margrit Kennedy’s work on ecological architecture led her to the conclusion that it is “virtually impossible to...

      +

      Gatina-Pesa Starting Circulation

      +

      Nairobi's first community currency Gatina-Pesa, following Bangla-Pesa's success has started circulation with vigor. Due to its dense...

      @@ -230,7 +230,7 @@
      - +
      @@ -239,11 +239,11 @@
      By Will Ruddick
      - +
      -

      Margrit Kennedy - Thank You

      -

      One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer...

      +

      Gatina-Pesa Launched

      +

      With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized...

      @@ -255,7 +255,7 @@
      - +
      @@ -264,11 +264,11 @@
      By Will Ruddick
      - +
      -

      Church Offerings (Sadaka) in Bangla-Pesa

      -

      Faith based organizations (FBOs) are beginning to step up their usage of Bangla-Pesa to increase community services. FBOs act as a...

      +

      Gatina-Pesa Launch Prep

      +

      The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the...

      @@ -280,7 +280,7 @@
      - +
      @@ -289,11 +289,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Reloaded

      -

      We've been waiting since May 29th 2013 for this and it is finally here. Bangla-Pesa is back moving through the community. We've...

      +

      Hon. Paul Simba Arati MP Dagoretti - North

      +

      Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local...

      @@ -305,7 +305,7 @@
      - +
      @@ -314,11 +314,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Relaunch

      -

      Bangla-Pesa was officially relaunched today in partnership with the Kenyan Government. Represented by Hon. Badi Twalib Minister of...

      +

      Gatina-Pesa and South Africa

      +

      Gatina-Pesa in Nairobi (a sister currency to Bangla-Pesa) is set to launch in early October! Initial designs of the Gatina-Pesa have been...

      @@ -330,9 +330,9 @@

      ⇇ « - Page 7 / 8 + Page 7 / 10 » - ⇉ + ⇉

      diff --git a/output/author/will-ruddick8.html b/output/author/will-ruddick8.html index facc708..eee589f 100644 --- a/output/author/will-ruddick8.html +++ b/output/author/will-ruddick8.html @@ -80,7 +80,7 @@
      - +
      @@ -89,11 +89,11 @@
      By Will Ruddick
      - +
      -

      No Nonsense Bangla-Pesa Crew Getting Ready

      -

      The Bangla-Pesa crew is getting ready for our November 23rd re-launch. We have confirmed guests from parliament, the governors office,...

      +

      Nairobi Bangla-Pesa Making Strides

      +

      Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near...

      @@ -105,7 +105,7 @@
      - +
      @@ -114,11 +114,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Anticipating November

      -

      On May 29th 2013 we were arrested and charged with forgery. On August 23rd 2013 the case against Bangla-Pesa was dropped. A month after...

      +

      School Fees with Bangla-Pesa

      +

      July has seen the Bangla-Pesa program surpass 200 accepting businesses and the introduction of three primary schools into the...

      @@ -130,7 +130,7 @@
      - +
      @@ -139,11 +139,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Charges Dropped!

      -

      THE CASE IS OVER! Today the Director of Public Prosecutions announced that all charges against Bangla-Pesa are hereby dropped! This is a...

      +

      A New Kind of Cash

      +

      “Cash is the enemy of the poor,” wrote Rodger Voorhies, director of the Bill & Melinda Gates Foundation’s program aimed at improving...

      @@ -155,7 +155,7 @@
      - +
      @@ -164,11 +164,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa's Fate in the hands of the DPP

      -

      We are still being charged with forgery under penal code 367(e). For Kenyan Laws see page 121. On July 15th - the Kenyan Dirctor of...

      +

      Bangla-Pesa Waste, Volleyball and Nairobi

      +

      Community Waste Collection This weekend the Bangladesh Business Network, the more than 180 people who trade their goods and services with...

      @@ -180,7 +180,7 @@
      - +
      @@ -189,11 +189,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Turmoil

      -

      The Bangla-Pesa, a complementary currency created and backed by a local business network, offers a glimpse of true sustainable...

      +

      Registration and Exchange Visits

      +

      Registration Last week the Bangladesh Business Network was 'finally' given it's official registration papers with the Kenyan Government...

      @@ -205,7 +205,7 @@
      - +
      @@ -214,11 +214,11 @@
      By Will Ruddick
      - +
      -

      Bangla-Pesa Launch

      -

      Today's launch of Bangla-Pesa was a great start to an empowering community process! 137 local business owners attended. Of the 137 local...

      +

      Help Support Community Currencies

      +

      Dear Friends and Colleagues, We are happy to announce that we have won a precedent-setting court victory which legitimates community...

      @@ -230,7 +230,7 @@
      - +
      @@ -239,11 +239,11 @@
      By Will Ruddick
      - +
      -

      Bangla Committee Meeting

      -

      Koru Kenya is working to capacity build the the Bangladesh Business Network (BBN) to create it's own complementary currency. The...

      +

      Bangla-Pesa - Can we do it again?

      +

      After winning court battles, relaunching the program, hearing heart breaking stories and finding amazing results the local government...

      @@ -255,7 +255,7 @@
      - +
      @@ -264,11 +264,11 @@
      By Will Ruddick
      - +
      -

      Motomoto Performing Arts

      -

      We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each...

      +

      Elections, Service, Mapping and Nairobi

      +

      New Board and Community Service Contributions On April 19th the Bangladesh Business Network had their first official board elections and...

      @@ -280,7 +280,7 @@
      - +
      @@ -289,11 +289,11 @@
      By Will Ruddick
      - +
      -

      BBN Meeting

      -

      After two small business meetings and several focus group sessions, the Bangla Business Network (BBN) had it's first large group meeting...

      +

      Sustainable Programs and Complementary Currencies

      +

      In 1982, the late Dr. Margrit Kennedy’s work on ecological architecture led her to the conclusion that it is “virtually impossible to...

      @@ -305,7 +305,7 @@
      - +
      @@ -314,11 +314,11 @@
      By Will Ruddick
      - +
      -

      Complementary Currency: Business Network Creation

      -

      With our partners, Koru works with small community businesses of Bangladesh, Kenya, in order to implement a complementary currency...

      +

      Margrit Kennedy - Thank You

      +

      One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer...

      @@ -330,7 +330,9 @@

      ⇇ « - Page 8 / 8 + Page 8 / 10 + » + ⇉

      diff --git a/output/author/will-ruddick9.html b/output/author/will-ruddick9.html new file mode 100644 index 0000000..fb6fc11 --- /dev/null +++ b/output/author/will-ruddick9.html @@ -0,0 +1,361 @@ + + + + grassroots-pelican - Articles by Will Ruddick + + + + + + + + + + + + + + + + + + + + + + + + + +
      +
      +

      Articles by Will Ruddick

      + +
        +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Church Offerings (Sadaka) in Bangla-Pesa

        +

        Faith based organizations (FBOs) are beginning to step up their usage of Bangla-Pesa to increase community services. FBOs act as a...

        +
        +
        +
        +
        +
        +
        +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla-Pesa Reloaded

        +

        We've been waiting since May 29th 2013 for this and it is finally here. Bangla-Pesa is back moving through the community. We've...

        +
        +
        +
        +
        +
        +
        +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla-Pesa Relaunch

        +

        Bangla-Pesa was officially relaunched today in partnership with the Kenyan Government. Represented by Hon. Badi Twalib Minister of...

        +
        +
        +
        +
        +
        +
        +
        • +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla-Pesa Anticipating November

        +

        On May 29th 2013 we were arrested and charged with forgery. On August 23rd 2013 the case against Bangla-Pesa was dropped. A month after...

        +
        +
        +
        +
        +
        +
        +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla-Pesa Charges Dropped!

        +

        THE CASE IS OVER! Today the Director of Public Prosecutions announced that all charges against Bangla-Pesa are hereby dropped! This is a...

        +
        +
        +
        +
        +
        +
        +
        • +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla-Pesa Turmoil

        +

        The Bangla-Pesa, a complementary currency created and backed by a local business network, offers a glimpse of true sustainable...

        +
        +
        +
        +
        +
        +
        +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla-Pesa Launch

        +

        Today's launch of Bangla-Pesa was a great start to an empowering community process! 137 local business owners attended. Of the 137 local...

        +
        +
        +
        +
        +
        +
        +
        • +
      • +
        +
        +
        + +
        +
        + +
        +
        +
        +
        By + Will Ruddick
        + +
        +
        +

        Bangla Committee Meeting

        +

        Koru Kenya is working to capacity build the the Bangladesh Business Network (BBN) to create it's own complementary currency. The...

        +
        +
        +
        +
        +
        +
        +
        • +
      +

      + ⇇ + « + Page 9 / 10 + » + ⇉ +

      +
      +
      +
      +
      + + + + + + + + + + + + + TERMS AND CONDITIONS +
      +
      + + + + \ No newline at end of file diff --git a/output/authors.html b/output/authors.html index 2f84041..38fe0c4 100644 --- a/output/authors.html +++ b/output/authors.html @@ -72,17 +72,18 @@
      diff --git a/output/categories.html b/output/categories.html index f3dd17d..62b1f66 100644 --- a/output/categories.html +++ b/output/categories.html @@ -70,7 +70,7 @@

      Categories on grassroots-pelican

      diff --git a/output/category/blog.html b/output/category/blog.html index 8413da7..6cfe898 100644 --- a/output/category/blog.html +++ b/output/category/blog.html @@ -219,6 +219,31 @@

      Faith Based Community Inclusion Currencies

      Local churches and faith based organizations have begun to develop their own community currencies (Sarafu)

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    - Page 1 / 14 + Page 1 / 16 » - ⇉ + ⇉

    diff --git a/output/category/blog10.html b/output/category/blog10.html index c6f0024..c1b3ada 100644 --- a/output/category/blog10.html +++ b/output/category/blog10.html @@ -80,7 +80,7 @@
    - +
    @@ -88,12 +88,12 @@
    By - Robin Gerbaux
    - + Ruth Mwangi
    +
    -

    Francis the Millionaire

    -

    Since several generations the family of Francis has been living in the same neighborhood of Nairobi, Gatina (Part of Kwangware). Gatina,...

    +

    Super-Market Super-Currency

    +

    Hundreds and hundreds of settlers in Nairobi's Kawangware informal settlement will soon benefit from access to low priced goods...

    @@ -105,7 +105,7 @@
    - +
    @@ -114,11 +114,11 @@
    By Will Ruddick
    - +
    -

    Progress in South Africa

    -

    One of our partner programs in South Africa was recently featured on the news. "An exciting new era may be dawning for the Kokstad...

    +

    Sarafu-Credit Takes Shape

    +

    We began the year by looking at our successes and challenges with five Kenyan community currencies in 2015. Out of this came the...

    @@ -130,7 +130,7 @@
    - +
    @@ -139,11 +139,11 @@
    By Will Ruddick
    - +
    -

    News from Brazil

    -

    Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there....

    +

    Kwaheri 2015 - Community Service and Results

    +

    Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership...

    @@ -155,7 +155,7 @@
    - +
    @@ -163,12 +163,12 @@
    By - Robin Gerbaux
    - + Lydia Anyango
    +
    -

    New Business in Kawangware

    -

    Since its implementation, 8 months ago, Gatina-Pesa in Nairobi's Kawangware slum has had various benefits to its members. Some of them...

    +

    Bangla-Pesa Market, Shoes and Permaculture

    +

    Finally! The Bangladesh Business Network Market Day was a big success. Bangla-Pesa members gathered together to sell their goods and...

    @@ -180,7 +180,82 @@
    - + +
    +
    + +
    +
    +
    +
    By + Caroline Dama
    + +
    +
    +

    Permaculture School Farm Via Bangla-Pesa

    +

    Two neighboring schools St. Peter's & Paul's and St. Angeline are being trained and equipped to design, build and maintain a community...

    +
    +
    +
    +
    +
    +
    + +
  • +
    +
    +
    + +
    +
    + +
    +
    +
    +
    By + Lydia Anyango
    + +
    +
    +

    Mikindani Community Currency Market Day

    +

    The Kwa Ng'ombe Business Network held their 1st Market day on the 24th October 2015. Members came to sell and trade their goods at the...

    +
    +
    +
    +
    +
    +
    +
    • +
    • +
  • +
    +
    +
    +
    @@ -189,11 +264,11 @@
    By Will Ruddick
    - +
    -

    Kangemi-Pesa Launched

    -

    Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is...

    +

    Retreat and Renewal

    +

    September marked the first official renewal event for Bangla-Pesa after more than 2+ years in circulation (Starting in May 2013). The...

    @@ -205,7 +280,7 @@
    - +
    @@ -214,11 +289,11 @@
    By Will Ruddick
    - +
    -

    Kangemi-Pesa Launch Prep and More Currency News

    -

    Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100...

    +

    1st Community Currency Market and More

    +

    September 12th Community Currency groups in Mombasa and Nairobi both held simultaneous events. One was a community market and games day...

    @@ -230,7 +305,7 @@
    - +
    @@ -238,87 +313,12 @@
    By - Will Ruddick
    - + Ruth Mwangi
    +
    -

    Looking Towards 2015

    -

    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa....

    -
    -
    -
    -
    -
    -
    -
    • -
  • -
    -
    -
    - -
    -
    - -
    -
    -
    -
    By - Will Ruddick
    - -
    -
    -

    Gatina & Bangla Pesa Nov Updates

    -

    After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong....

    -
    -
    -
    -
    -
    -
    -
    • -
  • -
    -
    -
    - -
    -
    - -
    -
    -
    -
    By - Will Ruddick
    - -
    -
    -

    Gatina-Pesa Starting Circulation

    -

    Nairobi's first community currency Gatina-Pesa, following Bangla-Pesa's success has started circulation with vigor. Due to its dense...

    -
    -
    -
    -
    -
    -
    -
    • -
  • -
    -
    -
    - -
    -
    - -
    -
    -
    -
    By - Will Ruddick
    - -
    -
    -

    Gatina-Pesa Launched

    -

    With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized...

    +

    Smep Oiko-Credit Loans in Kangemi

    +

    SMEP a local OIKO-Credit partner is offering Loans and Training to Community Currency users in Kangemi and Kawangware. They have started...

    @@ -330,9 +330,9 @@

    ⇇ « - Page 10 / 14 + Page 10 / 16 » - ⇉ + ⇉

    diff --git a/output/category/blog11.html b/output/category/blog11.html index a57e2bc..af0668e 100644 --- a/output/category/blog11.html +++ b/output/category/blog11.html @@ -80,7 +80,7 @@
    - +
    @@ -89,11 +89,11 @@
    By Will Ruddick
    - +
    -

    Gatina-Pesa Launch Prep

    -

    The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the...

    +

    Lindi and Ng'ombeni Pesa Launched

    +

    The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in...

    @@ -105,7 +105,7 @@
    - +
    @@ -114,11 +114,11 @@
    By Will Ruddick
    - +
    -

    Hon. Paul Simba Arati MP Dagoretti - North

    -

    Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local...

    +

    African Community Currencies Update

    +

    Kenyan Community Currencies Nairobi Gatina-Pesa – The Gatina Business Network's members have been saving their Kenyan Shilings together...

    @@ -130,7 +130,32 @@
    - + +
    +
    + +
    +
    +
    +
    By + Ruth Mwangi
    + +
    +
    +

    5 Kenyan Community Currencies Meet

    +

    Saturday, 27th June will remain a day to remember for various Business Networks in Kenya. A total of five Business Networks united by a...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
    +
    +
    +
    @@ -139,11 +164,11 @@
    By Will Ruddick
    - +
    -

    Gatina-Pesa and South Africa

    -

    Gatina-Pesa in Nairobi (a sister currency to Bangla-Pesa) is set to launch in early October! Initial designs of the Gatina-Pesa have been...

    +

    Municipal Bonds and Community Currency

    +

    A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing...

    @@ -155,7 +180,7 @@
    - +
    @@ -163,12 +188,12 @@
    By - Muthoni Kiguru
    - + Robin Gerbaux
    +
    -

    University of Nairobi Research Visit

    -

    “…I no longer sleep hungry. Even without the Kenyan money, I still have Bangla Pesa. I will survive one more day. This money never ends…”...

    +

    Kibera's Lindi-Pesa Gaining Momentum

    +

    June 6th 2015 was bound to be a typical morning in Kibera - but Saturday morning, the inhabitants of Kibera, the biggest slum of Nairobi,...

    @@ -180,7 +205,7 @@
    - +
    @@ -188,12 +213,12 @@
    By - Francis Wanjala
    - + Robin Gerbaux
    +
    -

    Wanjala Visits Bangladesh

    -

    Francis Wanjala is the headmaster at Sifa Childrens Home in Nairobi. After making his first trip to Mombasa he shared with us his...

    +

    Update from Kangemi-Pesa Nairobi

    +

    It has been only 2 months since the members of Kangemi Business Network launched their community currency and received their 400...

    @@ -205,7 +230,7 @@
    - +
    @@ -214,11 +239,11 @@
    By Will Ruddick
    - +
    -

    Nairobi Bangla-Pesa Making Strides

    -

    Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near...

    +

    Berg Rand Launches in South Africa

    +

    The Berg Rand or BRAND - which means 'Fire' Money in Afrikaans, had an amazing launch today! The FlowAfrica team lead by John Ziniades...

    @@ -230,7 +255,32 @@
    - + +
    +
    + +
    +
    +
    +
    By + Robin Gerbaux
    + +
    +
    +

    Francis the Millionaire

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    Since several generations the family of Francis has been living in the same neighborhood of Nairobi, Gatina (Part of Kwangware). Gatina,...

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    By Will Ruddick
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    School Fees with Bangla-Pesa

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    July has seen the Bangla-Pesa program surpass 200 accepting businesses and the introduction of three primary schools into the...

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    Progress in South Africa

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    One of our partner programs in South Africa was recently featured on the news. "An exciting new era may be dawning for the Kokstad...

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    Panty Distribution Success

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    In May, we told you about an incredible synergy of Star Wars (http://www.501st.com/), Roller Derby (http://www.okcbankedtrackrollerderby....

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    A New Kind of Cash

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    “Cash is the enemy of the poor,” wrote Rodger Voorhies, director of the Bill & Melinda Gates Foundation’s program aimed at improving...

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    Bangla-Pesa Waste, Volleyball and Nairobi

    -

    Community Waste Collection This weekend the Bangladesh Business Network, the more than 180 people who trade their goods and services with...

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    News from Brazil

    +

    Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there....

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    diff --git a/output/category/blog12.html b/output/category/blog12.html index 5025a4d..c4cd01d 100644 --- a/output/category/blog12.html +++ b/output/category/blog12.html @@ -80,7 +80,7 @@
    - +
    @@ -88,12 +88,12 @@
    By - Morgan Richards
    - + Robin Gerbaux
    +
    -

    Growing Up is Hard

    -

    Growing up is hard. It’s especially hard if you’re living on the streets in Mombasa, or if your misbehavior in your community led to your...

    +

    New Business in Kawangware

    +

    Since its implementation, 8 months ago, Gatina-Pesa in Nairobi's Kawangware slum has had various benefits to its members. Some of them...

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    By - Morgan Richards
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    Roller Derby + Star Wars = Panties

    -

    Last Sunday marked the culmination of partnerships with an unexpected collection of people who came together to support the education and...

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    By Will Ruddick
    - +
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    Registration and Exchange Visits

    -

    Registration Last week the Bangladesh Business Network was 'finally' given it's official registration papers with the Kenyan Government...

    +

    Ng'ombeni-Pesa Artwork

    +

    The Ng'ombeni-Pesa Community Based Organization has been formed. They are a neighboring slum to Bangladesh in Mombasa County and live in...

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    - +
    @@ -164,11 +139,11 @@
    By Will Ruddick
    - +
    -

    Help Support Community Currencies

    -

    Dear Friends and Colleagues, We are happy to announce that we have won a precedent-setting court victory which legitimates community...

    +

    Kangemi-Pesa Launched

    +

    Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is...

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    By - Morgan Richards
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    Respect on the streets

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    Friday, April 11th, Koru-Kenya hosted a dialogue on street harassment. The original event was intended to be a rally, held on the 4th in...

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    By Will Ruddick
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    Bangla-Pesa - Can we do it again?

    -

    After winning court battles, relaunching the program, hearing heart breaking stories and finding amazing results the local government...

    +

    Kangemi-Pesa Launch Prep and More Currency News

    +

    Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100...

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    - +
    @@ -239,11 +189,11 @@
    By Will Ruddick
    - +
    -

    Elections, Service, Mapping and Nairobi

    -

    New Board and Community Service Contributions On April 19th the Bangladesh Business Network had their first official board elections and...

    +

    Looking Towards 2015

    +

    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa....

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    @@ -263,12 +213,12 @@
    By - Morgan Richards
    - + Will Ruddick
    +
    -

    Borstal Boys: Poi and Life Skills Behind Bars

    -

    The MotoMoto Program is helping make a difference at the Shimo La Tewa Borstal Institution which houses 313 boys from all over Kenya....

    +

    Gatina & Bangla Pesa Nov Updates

    +

    After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong....

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    - +
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    By - Morgan Richards
    - + Will Ruddick
    +
    -

    Bangla-Pesa Survey Results February 2014

    -

    Bangla-Pesa Follow-up Survey - February 2014 Results Two months since our re-launch in late November. Bangla-Pesa Re-IntroducedResilience...

    +

    Gatina-Pesa Starting Circulation

    +

    Nairobi's first community currency Gatina-Pesa, following Bangla-Pesa's success has started circulation with vigor. Due to its dense...

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    - +
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    By - Morgan Richards
    - + Will Ruddick
    +
    -

    Marciana's Struggle, Porridge and Bangla-Pesa

    -

    Marciana's husband died a long time ago, leaving her with 5 children to care for alone. Even though she is 64 now, and most of her...

    +

    Gatina-Pesa Launched

    +

    With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized...

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    By + Will Ruddick
    + +
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    Gatina-Pesa Launch Prep

    +

    The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the...

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    • +
  • +
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    + +
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    By + Will Ruddick
    + +
    +
    +

    Hon. Paul Simba Arati MP Dagoretti - North

    +

    Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local...

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    diff --git a/output/category/blog13.html b/output/category/blog13.html index f9fc288..ecfafe3 100644 --- a/output/category/blog13.html +++ b/output/category/blog13.html @@ -80,7 +80,132 @@
    - + +
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    By + Will Ruddick
    + +
    +
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    Gatina-Pesa and South Africa

    +

    Gatina-Pesa in Nairobi (a sister currency to Bangla-Pesa) is set to launch in early October! Initial designs of the Gatina-Pesa have been...

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    By + Muthoni Kiguru
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    University of Nairobi Research Visit

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    “…I no longer sleep hungry. Even without the Kenyan money, I still have Bangla Pesa. I will survive one more day. This money never ends…”...

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    By + Francis Wanjala
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    Wanjala Visits Bangladesh

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    Francis Wanjala is the headmaster at Sifa Childrens Home in Nairobi. After making his first trip to Mombasa he shared with us his...

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    By + Will Ruddick
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    Nairobi Bangla-Pesa Making Strides

    +

    Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near...

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    By + Will Ruddick
    + +
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    School Fees with Bangla-Pesa

    +

    July has seen the Bangla-Pesa program surpass 200 accepting businesses and the introduction of three primary schools into the...

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    @@ -89,11 +214,11 @@
    By Morgan Richards
    - +
    -

    Menstrual Cycles: Barriers to Education

    -

    Why Should Reproductive Health Be a Barrier for Education? All over Kenya girls are missing school today (for many the first day back...

    +

    Panty Distribution Success

    +

    In May, we told you about an incredible synergy of Star Wars (http://www.501st.com/), Roller Derby (http://www.okcbankedtrackrollerderby....

    @@ -105,7 +230,7 @@
    - +
    @@ -114,11 +239,11 @@
    By Will Ruddick
    - +
    -

    Sustainable Programs and Complementary Currencies

    -

    In 1982, the late Dr. Margrit Kennedy’s work on ecological architecture led her to the conclusion that it is “virtually impossible to...

    +

    A New Kind of Cash

    +

    “Cash is the enemy of the poor,” wrote Rodger Voorhies, director of the Bill & Melinda Gates Foundation’s program aimed at improving...

    @@ -130,7 +255,7 @@
    - +
    @@ -139,11 +264,11 @@
    By Will Ruddick
    - +
    -

    Margrit Kennedy - Thank You

    -

    One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer...

    +

    Bangla-Pesa Waste, Volleyball and Nairobi

    +

    Community Waste Collection This weekend the Bangladesh Business Network, the more than 180 people who trade their goods and services with...

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    - -
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    By - Will Ruddick
    - -
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    Church Offerings (Sadaka) in Bangla-Pesa

    -

    Faith based organizations (FBOs) are beginning to step up their usage of Bangla-Pesa to increase community services. FBOs act as a...

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    By - Will Ruddick
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    Bangla-Pesa Reloaded

    -

    We've been waiting since May 29th 2013 for this and it is finally here. Bangla-Pesa is back moving through the community. We've...

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    By Morgan Richards
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    Motomoto and the Dream Catchers

    -

    Koru-Kenya’s MotoMoto program has been paired with Wema Centre for the past few months, joining our Poi and Life Skills program with...

    +

    Growing Up is Hard

    +

    Growing up is hard. It’s especially hard if you’re living on the streets in Mombasa, or if your misbehavior in your community led to your...

    @@ -230,7 +305,7 @@
    - +
    @@ -238,87 +313,12 @@
    By - Will Ruddick
    - + Morgan Richards
    +
    -

    Bangla-Pesa Relaunch

    -

    Bangla-Pesa was officially relaunched today in partnership with the Kenyan Government. Represented by Hon. Badi Twalib Minister of...

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    Bangla-Pesa Anticipating November

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    On May 29th 2013 we were arrested and charged with forgery. On August 23rd 2013 the case against Bangla-Pesa was dropped. A month after...

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    "Living Half-Way" Former Sex Worker Speaks out

    -

    Where should I start? I was in the industry for years. The main reason myself and most girls start sex work is because of poverty. I was...

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    Roller Derby + Star Wars = Panties

    +

    Last Sunday marked the culmination of partnerships with an unexpected collection of people who came together to support the education and...

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    diff --git a/output/category/blog14.html b/output/category/blog14.html index 2da9141..623a235 100644 --- a/output/category/blog14.html +++ b/output/category/blog14.html @@ -80,7 +80,57 @@
    - + +
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    By + Will Ruddick
    + +
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    Registration and Exchange Visits

    +

    Registration Last week the Bangladesh Business Network was 'finally' given it's official registration papers with the Kenyan Government...

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    By + Will Ruddick
    + +
    +
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    Help Support Community Currencies

    +

    Dear Friends and Colleagues, We are happy to announce that we have won a precedent-setting court victory which legitimates community...

    +
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  • +
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    @@ -89,11 +139,11 @@
    By Morgan Richards
    - +
    -

    Who could like this life? - Motomoto

    -

    Yesterday, we sat down with some boys from the streets of Mombasa (survivors, as they prefer to be called) in a shady patch of grass...

    +

    Respect on the streets

    +

    Friday, April 11th, Koru-Kenya hosted a dialogue on street harassment. The original event was intended to be a rally, held on the 4th in...

    @@ -105,7 +155,7 @@
    - +
    @@ -114,11 +164,11 @@
    By Will Ruddick
    - +
    -

    Bangla-Pesa Charges Dropped!

    -

    THE CASE IS OVER! Today the Director of Public Prosecutions announced that all charges against Bangla-Pesa are hereby dropped! This is a...

    +

    Bangla-Pesa - Can we do it again?

    +

    After winning court battles, relaunching the program, hearing heart breaking stories and finding amazing results the local government...

    @@ -130,7 +180,7 @@
    - +
    @@ -139,11 +189,11 @@
    By Will Ruddick
    - +
    -

    Bangla-Pesa's Fate in the hands of the DPP

    -

    We are still being charged with forgery under penal code 367(e). For Kenyan Laws see page 121. On July 15th - the Kenyan Dirctor of...

    +

    Elections, Service, Mapping and Nairobi

    +

    New Board and Community Service Contributions On April 19th the Bangladesh Business Network had their first official board elections and...

    @@ -155,7 +205,107 @@
    - + +
    +
    + +
    +
    +
    +
    By + Morgan Richards
    + +
    +
    +

    Borstal Boys: Poi and Life Skills Behind Bars

    +

    The MotoMoto Program is helping make a difference at the Shimo La Tewa Borstal Institution which houses 313 boys from all over Kenya....

    +
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    @@ -164,161 +314,11 @@
    By Will Ruddick
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    Bangla-Pesa Turmoil

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    The Bangla-Pesa, a complementary currency created and backed by a local business network, offers a glimpse of true sustainable...

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    Bangla-Pesa Launch

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    Today's launch of Bangla-Pesa was a great start to an empowering community process! 137 local business owners attended. Of the 137 local...

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    Bangla Committee Meeting

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    Koru Kenya is working to capacity build the the Bangladesh Business Network (BBN) to create it's own complementary currency. The...

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    Motomoto Performing Arts

    -

    We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each...

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    BBN Meeting

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    After two small business meetings and several focus group sessions, the Bangla Business Network (BBN) had it's first large group meeting...

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    Tiwi Orphans Visit

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    This visit is different, we sat down to eat together and had a frank chat. Am grateful The Koru team visited a village in Tiwi, which had...

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    Complementary Currency: Business Network Creation

    -

    With our partners, Koru works with small community businesses of Bangladesh, Kenya, in order to implement a complementary currency...

    +

    Sustainable Programs and Complementary Currencies

    +

    In 1982, the late Dr. Margrit Kennedy’s work on ecological architecture led her to the conclusion that it is “virtually impossible to...

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    ⇇ « - Page 14 / 14 + Page 14 / 16 + » + ⇉

    diff --git a/output/category/blog15.html b/output/category/blog15.html new file mode 100644 index 0000000..92bc126 --- /dev/null +++ b/output/category/blog15.html @@ -0,0 +1,361 @@ + + + + grassroots-pelican - blog category + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    + + +
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    • +
      +
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      + +
      +
      + +
      +
      +
      +
      By + Will Ruddick
      + +
      +
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      Margrit Kennedy - Thank You

      +

      One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer...

      +
      +
      +
      +
      +
      +
      +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
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      By + Will Ruddick
      + +
      +
      +

      Church Offerings (Sadaka) in Bangla-Pesa

      +

      Faith based organizations (FBOs) are beginning to step up their usage of Bangla-Pesa to increase community services. FBOs act as a...

      +
      +
      +
      +
      +
      +
      +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
      +
      By + Will Ruddick
      + +
      +
      +

      Bangla-Pesa Reloaded

      +

      We've been waiting since May 29th 2013 for this and it is finally here. Bangla-Pesa is back moving through the community. We've...

      +
      +
      +
      +
      +
      +
      +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
      +
      By + Morgan Richards
      + +
      +
      +

      Motomoto and the Dream Catchers

      +

      Koru-Kenya’s MotoMoto program has been paired with Wema Centre for the past few months, joining our Poi and Life Skills program with...

      +
      +
      +
      +
      +
      +
      +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
      +
      By + Will Ruddick
      + +
      +
      +

      Bangla-Pesa Relaunch

      +

      Bangla-Pesa was officially relaunched today in partnership with the Kenyan Government. Represented by Hon. Badi Twalib Minister of...

      +
      +
      +
      +
      +
      +
      +
      • +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
      +
      By + Will Ruddick
      + +
      +
      +

      Bangla-Pesa Anticipating November

      +

      On May 29th 2013 we were arrested and charged with forgery. On August 23rd 2013 the case against Bangla-Pesa was dropped. A month after...

      +
      +
      +
      +
      +
      +
      +
      • +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
      +
      By + Morgan Richards
      + +
      +
      +

      Who could like this life? - Motomoto

      +

      Yesterday, we sat down with some boys from the streets of Mombasa (survivors, as they prefer to be called) in a shady patch of grass...

      +
      +
      +
      +
      +
      +
      +
      • +
    • +
      +
      +
      + +
      +
      + +
      +
      +
      +
      By + Will Ruddick
      + +
      +
      +

      Bangla-Pesa Charges Dropped!

      +

      THE CASE IS OVER! Today the Director of Public Prosecutions announced that all charges against Bangla-Pesa are hereby dropped! This is a...

      +
      +
      +
      +
      +
      +
      +
      • +
    +

    + ⇇ + « + Page 15 / 16 + » + ⇉ +

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      By + Will Ruddick
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      Bangla-Pesa Turmoil

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      The Bangla-Pesa, a complementary currency created and backed by a local business network, offers a glimpse of true sustainable...

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      By + Will Ruddick
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      Bangla-Pesa Launch

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      Today's launch of Bangla-Pesa was a great start to an empowering community process! 137 local business owners attended. Of the 137 local...

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      By + Will Ruddick
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      Bangla Committee Meeting

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      Koru Kenya is working to capacity build the the Bangladesh Business Network (BBN) to create it's own complementary currency. The...

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      By + Will Ruddick
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      Motomoto Performing Arts

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      We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each...

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      By + Will Ruddick
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      BBN Meeting

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      After two small business meetings and several focus group sessions, the Bangla Business Network (BBN) had it's first large group meeting...

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      By + Will Ruddick
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      Kenya's Food Exports vs Food Aids

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      Amazing as it may sound Kenya exports over 3 billion dollars worth of food! The World Food Program says that Kenya has a yearly need of...

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      By + Jacky Kowa
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      Tiwi Orphans Visit

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      This visit is different, we sat down to eat together and had a frank chat. Am grateful The Koru team visited a village in Tiwi, which had...

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      By + Will Ruddick
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      Motomoto Performing Arts

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      Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through...

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    Rural Sarafu Network - CIC Impacts

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    Rosemary Owino is a widow from Siaya village in Siaya County. She has wanted desperately to curb her own poverty and make ends meet for...

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    CIC Indices for SDGs

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    By encouraging circular trade within communities humanitarian aid can build basic circulatory systems for support and resilience.

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    Sarafu Network Kenya Mid-Year CIC Update

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    We've reached nearly 90Million worth (~900,000 USD) of Community Inclusion Currency trading between 30,0000 users in Kenya for basic needs.

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      By + Janet Akinyi
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      Rural Sarafu Network - CIC Impacts

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      Rosemary Owino is a widow from Siaya village in Siaya County. She has wanted desperately to curb her own poverty and make ends meet for...

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      By + Will Ruddick
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      CIC Indices for SDGs

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      By encouraging circular trade within communities humanitarian aid can build basic circulatory systems for support and resilience.

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      By + Will Ruddick
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      Network Integrity is Priceless

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      It is well know that - In a world where you can buy or sell anything - integrity is priceless. This is just as true when everything can...

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      By + Will Ruddick
      + +
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      Sarafu Network Kenya Mid-Year CIC Update

      +

      We've reached nearly 90Million worth (~900,000 USD) of Community Inclusion Currency trading between 30,0000 users in Kenya for basic needs.

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      By + Will Ruddick
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      How to Host a Currency Potluck

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      Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currencies (CICs) potlucks!

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      Collateral Bonded Gas for Block Validation

      In order to spread adoption of a new economic models that heal economic trauma and use blockchain as a source of truth that connects us...

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    Rural Villages Coping with COVID-19

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    Communities can support each other and keep vital food systems and trade alive using a blockchain based vouchers system (Community...

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    CIC (COVID-19 Crisis) Cash Aid

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    With unstable food systems and deteriorating markets and supply chains, knowing how to target aid is crucial to providing relief and buildin

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    CIC Pilot Impacts and Plans

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    In the last 30 days we have had 3015 users making at least 1 trade. For a volume of 2,336,655 Tokens (~23k USD equivalent of goods and...

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    diff --git a/output/category/blog4.html b/output/category/blog4.html index ab1b2fe..3fec4b8 100644 --- a/output/category/blog4.html +++ b/output/category/blog4.html @@ -80,7 +80,7 @@
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    By - Will Ruddick
    - + Ruth Njau & Antony Ngoka
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    Community Inclusion Currencies are Now Open Source

    -

    These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to

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    Managing their Own Economy during Crisis

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    She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

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    By Will Ruddick
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    Blockchain Powered Village Checkers Tournament

    -

    How do you have a proper checkers tournament when no one can pay the entry fees? Jacob the organizer saw an opportunity. His neighbors in...

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    COVID-19 Blockchain Crisis Response - CICs at 500% Growth

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    Since we started using blockchain for CICs in September 2018 we have seen nearly half a million dollars (482k USD) worth of trade via 154k t

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    By Will Ruddick
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    2019 Data Release - 92k Kenyan blockchain translations

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    With every transaction being logged anonymously on a public blockchain we have unprecedented insight into what living below the poverty...

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    Currency 123 (Back, Guarantee, Open)

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    A Community Inclusion Currency (CIC) is way to transparently establish a credit system to enable local markets to thrive and link...

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    By Will Ruddick
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    Banking on the SILC Road

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    Rarely in development work do you see an intervention that sprouts its own two legs and starts running across the country without donor fund

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    Demystifying Currency Creation and Backing

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    Once upon a time a goat herder counted his herd and found 100 goats (some old and some young). That was a nice surprise. He estimated a...

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    By - Will Ruddick
    - + WIlfred Chibwara
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    Shrimp Fishing Builds an Economy

    -

    Fishermen pay for their children’s school fees by selling shrimp to a cooperative with a freezer for storage. Women buy the shrimp and cook

    +

    Rural Villages Coping with COVID-19

    +

    Communities can support each other and keep vital food systems and trade alive using a blockchain based vouchers system (Community...

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    - +
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    By - rebeccamqamelo
    - + Will Ruddick
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    Community Currencies: Cash Transfer 2.0

    -

    A few decades ago, the idea of giving money to poor people instead of food packages and healthcare was almost scandalous. Free money?...

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    CIC (COVID-19 Crisis) Cash Aid

    +

    With unstable food systems and deteriorating markets and supply chains, knowing how to target aid is crucial to providing relief and buildin

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    By Will Ruddick
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    100+ new Blockchain Wallets in One Day – Fighting Rural Food Insecurity

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    Rural communities are adopting blockchain based community currencies at an astounding pace! 100+ new users in one day represents nearly...

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    Building a Public Registry for Community Currencies(DeFi)

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    Even when you have no money you are not poor. Building a Public Registry for Community Currencies.

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    By - Will Ruddick
    - + Antony Ngoka
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    300 Bob - a money story

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    This is a story I often tell to being to discuss what money is and what it could be. It is derived from a German tale. One day a Mama...

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    Blockchain Currencies Fighting COVID-19 - Mukuru, Kenya

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    Giving people a medium of exchange can save lives. With blockchain based Community Inclusion Currencies communities can support...

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    By Will Ruddick
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    Celebrating Bernard's Inspiration

    -

    Bernard’s vision of diverse monetary eco-systems that support communities and the environment rather than extract from them, as they...

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    CIC Pilot Impacts and Plans

    +

    In the last 30 days we have had 3015 users making at least 1 trade. For a volume of 2,336,655 Tokens (~23k USD equivalent of goods and...

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    By Will Ruddick
    - +
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    2614 Blockchain Transactions for Basic Needs

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    In our journey over the last few months building tools for community currencies on the blockchain to support healthy economies, a network...

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    Kenyan Women - Ahead of the IMF

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    Could the IMF and Commercial banks learn from women in rural Kenya how to create a decentralized and de-risked (transparently 100% backed)

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    diff --git a/output/category/blog5.html b/output/category/blog5.html index a1fbd06..38e9718 100644 --- a/output/category/blog5.html +++ b/output/category/blog5.html @@ -80,7 +80,7 @@
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    By - Ruth Njau & Antony Ngoka
    - + Sowelu Avanzo
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    -

    Blockchain in Clinics, Vegetables, Cafes and Shops

    -

    While the rest of the world wonders how blockchain will impact lives these people are using it daily to bring their community out of poverty

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    Comparative Analysis of eMoney and Community Currency

    +

    This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is sc

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    By - Lynda Chalker
    - + Will Ruddick
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    Use Cases - Honoring 2018

    -

    Closing 2018 with a bang! We mark the end of 2018 and the beginning of this festive season by honoring schools, clinics, micro and small...

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    Community Inclusion Currencies are Now Open Source

    +

    These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to

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    - +
    @@ -138,12 +138,12 @@
    By - Lynda Chalker
    - + Will Ruddick
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    Blockchain without Internet

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    We can't print enough paper notes for everyone who needs them. But nearly everyone has a phone (without internet). In order to reach a...

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    Blockchain Powered Village Checkers Tournament

    +

    How do you have a proper checkers tournament when no one can pay the entry fees? Jacob the organizer saw an opportunity. His neighbors in...

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    By + Will Ruddick
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    Investment Modelling in Community Inclusion Currencies

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    While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share...

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    By + Will Ruddick
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    Economies into Ecosystems

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    The reserve behind these tokens, the actual aid funding, was about $2.5k USD).This means that $2,500 USD of Aid funds created 10,000 tokens

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    By + Will Ruddick
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    Enabling Leverage

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    By exploring this space and enabling leverage we can open the door to truly decentralized financial services. If credit can be safely issued

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    By + Will Ruddick
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    Banking on the SILC Road

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    Rarely in development work do you see an intervention that sprouts its own two legs and starts running across the country without donor fund

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    By Caroline Dama
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    Takaungu Pesa is here!

    -

    The Vindakala Youth Bunge’s motto “Coming Together is Just The Beginning.” mirrors this excitement we have after the launch of Takaungu...

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    Looking Back at 40,000 Blockchain Transactions

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    So far, after roughly 6 months of piloting we've witnessed 40,000 blockchain transactions! So what does that actually mean?

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    By Will Ruddick
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    Interactive Village Market Simulator!

    -

    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of...

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    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -YouTube MOOC

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    Sarafu Cooperative is born!

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    We are very happy to announce that today, for the first time in our organizational history, the community currency members of the Nairobi...

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    Happy Mother's Day!

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    As a way to celebrate we are happy to share two stories from our network members! Bevelyne Ombayo is a single mother, who lives in Lindi...

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    Empowering Mothers

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’...

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing

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    Shrimp Fishing Builds an Economy

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    Fishermen pay for their children’s school fees by selling shrimp to a cooperative with a freezer for storage. Women buy the shrimp and cook

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    ⇇ « - Page 5 / 14 + Page 5 / 16 » - ⇉ + ⇉

    diff --git a/output/category/blog6.html b/output/category/blog6.html index d1499bd..826d953 100644 --- a/output/category/blog6.html +++ b/output/category/blog6.html @@ -80,7 +80,32 @@
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    By + rebeccamqamelo
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    Community Currencies: Cash Transfer 2.0

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    A few decades ago, the idea of giving money to poor people instead of food packages and healthcare was almost scandalous. Free money?...

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    By Will Ruddick
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    Rural Community Currencies for Food Security

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    The Miyani area in Kenya has been identified by Red Cross and the World Food Program as food insecure for over 5 years. Red Cross along...

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    100+ new Blockchain Wallets in One Day – Fighting Rural Food Insecurity

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    Rural communities are adopting blockchain based community currencies at an astounding pace! 100+ new users in one day represents nearly...

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    Tree of Knowledge and Pit of Ignorance: Aid vs. Development

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    Since beginning in the field of “development” over 10 years ago every time I visit a new community I find there is a lack of...

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    A Wonderful Experience in Miyani

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    I am a French researcher involved in an MSc Agricultural Development at the University of Copenhagen. I am very interested in Community...

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    Ending Our 2017

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    Dear Friends and Stakeholders, In just three years, Grassroots Economics grew from a community group working to help improve living...

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    300 Bob - a money story

    +

    This is a story I often tell to being to discuss what money is and what it could be. It is derived from a German tale. One day a Mama...

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    By Will Ruddick
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    Community Currency Design Course Opening

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    Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course...

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    Celebrating Bernard's Inspiration

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    Bernard’s vision of diverse monetary eco-systems that support communities and the environment rather than extract from them, as they...

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    Post Election 'Syndrome' and New Economies

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    Election violence broke out in areas across Kenya this year and was concentrate in the lowest income areas. There is still a lot of...

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    Berkshares and Bangla-Pesa

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    The Schumacher Center for a New Economics has supported us with inspiration and advice since we began with Eco-Pesa in 2010. Before...

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    2614 Blockchain Transactions for Basic Needs

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    In our journey over the last few months building tools for community currencies on the blockchain to support healthy economies, a network...

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    By - Daniel Mukosia
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    Skylife School and Community Currency

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    Grassroots Economics works with communities across Kenya to develop systems that allow parents to pay for their children's education...

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    Blockchain in Clinics, Vegetables, Cafes and Shops

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    While the rest of the world wonders how blockchain will impact lives these people are using it daily to bring their community out of poverty

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    By - Daniel Mukosia
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    Nairobi Coordinator Inspiration

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    For the first three months I started working as a volunteer. I am able to get in touch with different business individuals in all the...

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    Use Cases - Honoring 2018

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    Closing 2018 with a bang! We mark the end of 2018 and the beginning of this festive season by honoring schools, clinics, micro and small...

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    By - Steve Okuku
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    Biz Dev - Inspired

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    Business development using community currency Being a business development coordinator whose main objective is to see communities’ assets...

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    Blockchain without Internet

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    We can't print enough paper notes for everyone who needs them. But nearly everyone has a phone (without internet). In order to reach a...

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    By + Caroline Dama
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    Takaungu Pesa is here!

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    The Vindakala Youth Bunge’s motto “Coming Together is Just The Beginning.” mirrors this excitement we have after the launch of Takaungu...

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    By + Lynda Chalker
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    Disrupting Currencies

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    Grassroots Economics Foundation has been at the forefront of empowering bottom-of-the-pyramid communities in Kenya by use of Sarafu...

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    diff --git a/output/category/blog7.html b/output/category/blog7.html index 54631f1..4c8cdf6 100644 --- a/output/category/blog7.html +++ b/output/category/blog7.html @@ -80,7 +80,7 @@
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    By Will Ruddick
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    Universal Basic Income via Community Currencies

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    Universal Basic Income (UBI), as currently under trial in Kenya by GiveDirectly, gives regular donations to individuals in selected...

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    Interactive Village Market Simulator!

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    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of...

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    By - Lydia Anyango
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    Rural Miyani-Pesa Launched

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    Today we launched our first rural community currency! The event went well to initiate and train the first 20 members and set up a local...

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    By - Thibaud Dezyn
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    Preliminary Research Results 2017

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    Grassroots Economics currently facilitates Community Currency programs for 1140 businesses across 5 communities which report both social...

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    Foundational Member Passes

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    It is sad to announce the sudden death of Dominic Okello (in the middle) who passed on early May 2017. He is a resident of Bangladesh...

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    By Will Ruddick
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    New Bills for a New Economy

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    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The...

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    Sarafu Cooperative is born!

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    We are very happy to announce that today, for the first time in our organizational history, the community currency members of the Nairobi...

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    By Daniel Mukosia
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    Detergent Accelerator

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    Julius Nyelele has been a member of Lindi Business Network for more than one year. He is a roadside seller of washing detergents and body...

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    Happy Mother's Day!

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    As a way to celebrate we are happy to share two stories from our network members! Bevelyne Ombayo is a single mother, who lives in Lindi...

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    By - Lydia Anyango
    - + Daniel Mukosia
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    Not Your Typical Vegetable Kiosk

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    This is Julius Odhiambo. He owns a vegetable kibanda and has been using Community Currency called Bangla-Pesa, which is part of the...

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    Gatina Business Organization and the Love School Success Story

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    Love School is one of the schools that has enabled children to acquire education by allowing them to pay part of their school fees and...

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    By + Daniel Mukosia
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    Lindi Business Network Gumbaru Trainings

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    Empowering women is a great ways to boast our economy . This however doesn't come without facing challenges of Illitracy among most...

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    By + tatiana.rubiano.goubert
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    Empowering Mothers

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’...

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    By Will Ruddick
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    Queen of Katwe

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    If there is one movie this year that captures the life we see here in East Africa each day it is the Queen of Katwe. There is so much...

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    Rural Community Currencies for Food Security

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    The Miyani area in Kenya has been identified by Red Cross and the World Food Program as food insecure for over 5 years. Red Cross along...

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    By + Crystal Kigoni
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    Tree of Knowledge and Pit of Ignorance: Aid vs. Development

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    Since beginning in the field of “development” over 10 years ago every time I visit a new community I find there is a lack of...

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    By + Marion Cauvet
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    A Wonderful Experience in Miyani

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    I am a French researcher involved in an MSc Agricultural Development at the University of Copenhagen. I am very interested in Community...

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    Here We Are - Kenya 2016

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    Happy holidays! We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has...

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    Education and Business Cycles

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    A lot has been said about the education system in Kenya. The introduction of free primary education in 2003 was received with mixed...

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    Ending Our 2017

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    Dear Friends and Stakeholders, In just three years, Grassroots Economics grew from a community group working to help improve living...

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    diff --git a/output/category/blog8.html b/output/category/blog8.html index 6661bbf..5550caf 100644 --- a/output/category/blog8.html +++ b/output/category/blog8.html @@ -80,7 +80,7 @@
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    By Will Ruddick
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    Accolades for Kenyan Community Currencies

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    Community Currencies in Kenya have gotten a lot of lime light this month! Ruth Mwangi our Program Director has been honored to visit the...

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    Community Currency Design Course Opening

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    Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course...

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    715 Members and Growing Fast

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    Sarafu-Credit users in five locations around Kenya have increased by over 83% since January 1st. Our Super Markets and Credit Clearing...

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    Mangroves and the Eco-nomy

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    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near...

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    Super-Market Super-Currency

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    Hundreds and hundreds of settlers in Nairobi's Kawangware informal settlement will soon benefit from access to low priced goods...

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    Sarafu-Credit Takes Shape

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    We began the year by looking at our successes and challenges with five Kenyan community currencies in 2015. Out of this came the...

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    By Lydia Anyango
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    Bangla-Pesa Market, Shoes and Permaculture

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    Finally! The Bangladesh Business Network Market Day was a big success. Bangla-Pesa members gathered together to sell their goods and...

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    Post Election 'Syndrome' and New Economies

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    Election violence broke out in areas across Kenya this year and was concentrate in the lowest income areas. There is still a lot of...

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    By - Caroline Dama
    - + Will Ruddick
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    Permaculture School Farm Via Bangla-Pesa

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    Two neighboring schools St. Peter's & Paul's and St. Angeline are being trained and equipped to design, build and maintain a community...

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    Berkshares and Bangla-Pesa

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    The Schumacher Center for a New Economics has supported us with inspiration and advice since we began with Eco-Pesa in 2010. Before...

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    By + Daniel Mukosia
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    Skylife School and Community Currency

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    Grassroots Economics works with communities across Kenya to develop systems that allow parents to pay for their children's education...

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    By + Daniel Mukosia
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    Nairobi Coordinator Inspiration

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    For the first three months I started working as a volunteer. I am able to get in touch with different business individuals in all the...

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    By + Steve Okuku
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    Biz Dev - Inspired

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    Business development using community currency Being a business development coordinator whose main objective is to see communities’ assets...

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    By Lydia Anyango
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    Mikindani Community Currency Market Day

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    The Kwa Ng'ombe Business Network held their 1st Market day on the 24th October 2015. Members came to sell and trade their goods at the...

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    Rural Miyani-Pesa Launched

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    Today we launched our first rural community currency! The event went well to initiate and train the first 20 members and set up a local...

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    By - Ruth Mwangi
    - + Thibaud Dezyn
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    Nairobi's 1st Community Currency Anniversary

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    Gatina-Pesa is the first group of 3 Community Currencies in Nairobi to Celebrate their 1st Anniversary on October 10th. With now over 120...

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    Preliminary Research Results 2017

    +

    Grassroots Economics currently facilitates Community Currency programs for 1140 businesses across 5 communities which report both social...

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    By + Lydia Anyango
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    Foundational Member Passes

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    It is sad to announce the sudden death of Dominic Okello (in the middle) who passed on early May 2017. He is a resident of Bangladesh...

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    By Will Ruddick
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    Retreat and Renewal

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    September marked the first official renewal event for Bangla-Pesa after more than 2+ years in circulation (Starting in May 2013). The...

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    New Bills for a New Economy

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    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The...

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    By - Will Ruddick
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    1st Community Currency Market and More

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    September 12th Community Currency groups in Mombasa and Nairobi both held simultaneous events. One was a community market and games day...

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    Detergent Accelerator

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    Julius Nyelele has been a member of Lindi Business Network for more than one year. He is a roadside seller of washing detergents and body...

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    By + Lydia Anyango
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    Not Your Typical Vegetable Kiosk

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    This is Julius Odhiambo. He owns a vegetable kibanda and has been using Community Currency called Bangla-Pesa, which is part of the...

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    By + Will Ruddick
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    Queen of Katwe

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    If there is one movie this year that captures the life we see here in East Africa each day it is the Queen of Katwe. There is so much...

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    Liquidity Risk in Community Currency

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    We're very happy to start the year with a visit from our Director of Risk Management Jimmy Heyns from Belgium with over 18 years of...

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    Here We Are - Kenya 2016

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    Happy holidays! We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has...

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    By Ruth Mwangi
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    Smep Oiko-Credit Loans in Kangemi

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    SMEP a local OIKO-Credit partner is offering Loans and Training to Community Currency users in Kangemi and Kawangware. They have started...

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    Education and Business Cycles

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    A lot has been said about the education system in Kenya. The introduction of free primary education in 2003 was received with mixed...

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    By Will Ruddick
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    Lindi and Ng'ombeni Pesa Launched

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    The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in...

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    Accolades for Kenyan Community Currencies

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    Community Currencies in Kenya have gotten a lot of lime light this month! Ruth Mwangi our Program Director has been honored to visit the...

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    By Will Ruddick
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    African Community Currencies Update

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    Kenyan Community Currencies Nairobi Gatina-Pesa – The Gatina Business Network's members have been saving their Kenyan Shilings together...

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    715 Members and Growing Fast

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    Sarafu-Credit users in five locations around Kenya have increased by over 83% since January 1st. Our Super Markets and Credit Clearing...

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    By - Ruth Mwangi
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    5 Kenyan Community Currencies Meet

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    Saturday, 27th June will remain a day to remember for various Business Networks in Kenya. A total of five Business Networks united by a...

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    Municipal Bonds and Community Currency

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    A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing...

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    Kibera's Lindi-Pesa Gaining Momentum

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    June 6th 2015 was bound to be a typical morning in Kibera - but Saturday morning, the inhabitants of Kibera, the biggest slum of Nairobi,...

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    Update from Kangemi-Pesa Nairobi

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    It has been only 2 months since the members of Kangemi Business Network launched their community currency and received their 400...

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    Berg Rand Launches in South Africa

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    The Berg Rand or BRAND - which means 'Fire' Money in Afrikaans, had an amazing launch today! The FlowAfrica team lead by John Ziniades...

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    Mangroves and the Eco-nomy

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    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near...

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    diff --git a/output/community-currency.html b/output/community-currency.html index b8fa69d..1c2db16 100644 --- a/output/community-currency.html +++ b/output/community-currency.html @@ -97,39 +97,18 @@
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    Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course in Kenya. After having our first round of students this year with great results, we are excited to open up enrollment to students across Africa and abroad.

    -

    Become a certified Community Currency designer.

    -

    Become a certified Community Currency designer.

    -
    -certified Community Currency designer
    + +

    Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course in Kenya. After having our first round of students this year with great results, we are excited to open up enrollment to students across Africa and abroad.

    +

    Become a certified Community Currency designer.

    After understanding how to tap into the abundance of communities and build resilient thriving local economies you will never look at money in the same way.

    -
    -Click here to inquire about the course
    +

    Click here to inquire about the course

    This course will immerse you into the world of Community Currencies as a tool for economic and community development. We will cover why and how Community Currencies have been implemented in marginalized communities as well as their history. In the field you interact with people using Community Currencies in real life settings to understand the social dynamics and economic systems that are needed to make Community Currencies thrive. After completing this course you will be have a strong foundation to design, customize and implement Community Currencies.

    Topical Outline:

    Community Currency Theory:development economics, history of money, financial systems and debt, currency models, goals standards and ethics.

    Preparation & Development: community participation and ownership, system design, voucher creation, communications, partnerships, and legality.

    -

    Preparation & Development: community participation and ownership, system design, voucher creation, communications, partnerships, and legality.

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    Preparation & Development: community participation and ownership, system design, voucher creation, communications, partnerships, and legality.

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    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

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    Long Term Care: long-term support, audits, Community Currency renewal.

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    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

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    Long Term Care: long-term support, audits, Community Currency renewal.

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    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

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    Long Term Care: long-term support, audits, Community Currency renewal.

    -

    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

    -

    Long Term Care: long-term support, audits, Community Currency renewal.

    -

    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

    -

    Long Term Care: long-term support, audits, Community Currency renewal.

    -

    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

    -

    Long Term Care: long-term support, audits, Community Currency renewal.

    Setup & Launch: cooperative facilitation, collateral asset development, financial sustainability, and marketing.

    Long Term Care: long-term support, audits, Community Currency renewal.

    Management: system maintenance, legal reporting, accounting, currency circulation, administration, data collection, and personnel.

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    Management: system maintenance, legal reporting, accounting, currency circulation, administration, data collection, and personnel.

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    Management: system maintenance, legal reporting, accounting, currency circulation, administration, data collection, and personnel.

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    Fieldwork: on-the-ground survey work and interviews; lessons learned from previous Community Currency models; taking part in community currency events and activities; economic resource mapping.

    -

    Fieldwork: on-the-ground survey work and interviews; lessons learned from previous Community Currency models; taking part in community currency events and activities; economic resource mapping.

    Fieldwork: on-the-ground survey work and interviews; lessons learned from previous Community Currency models; taking part in community currency events and activities; economic resource mapping.

    Schedule: The course covers five days of classroom and field experiences but can be shortened to as little as three days to meet the needs of the students.

    diff --git a/output/community-inclusion.html b/output/community-inclusion.html index 9037665..afac51e 100644 --- a/output/community-inclusion.html +++ b/output/community-inclusion.html @@ -100,13 +100,10 @@
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    Today the Grassroots Economics and volunteers spanning 5 countries gathered in Kenya to launch Community Inclusion Currency (CIC) trading on a new open source platform!

    We’ve been waiting for this since 2015 when we first started using USSD to connect simple feature phones to a digital ledger. The dream to be able to use a system we could share freely and build on with others is finally here. This is still just the beginning, but I am so grateful for the Red Cross teams for making this happen.

    This means we can fully customize the system to:

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    This means we can fully customize the system to:

    -

    This means we can fully customize the system to:

    -
    • Use any blockchain, smart contracts or reserve tokens.
    • From virtual backing to on-chain collateral for CICs
      • @@ -115,35 +112,20 @@
    • Transaction and Validation Process: 2+ minutes to 5 seconds
    • Provide real time support for user challenges
    -

    These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to support their local communities across Kenya. CICs allow users to easily create shares of pooled funds in national currency as a medium of exchange for local goods and services. We’re so appreciative to stand on the shoulders of giants like Eyal Hertzog (and the Bancor team's open source smart contract), as well as Friedrich Hayek and Bernard Lietear with their vision for multi-currency ecosystems.

    -
    -What’s left to do?
    -

    What’s left to do?

    -
    +

    What’s left to do?

    • Analysis and Modeling: BlockScience and researchers with on the ground pioneer communities
    • Improving the platform: Volunteer programmers and teams with security audits while reacting to user feedback
    • Dashboarding and Support: Gender, Business types, transaction data, SDG Impacts. How can detailed CIC economic data be used to help marginalized economies become resilient?
    • User Guides and Materials: Red Cross and users, translations, localizations, modular systems and local customizations
    -

    Finalizing the above list in 2020 will push CICs farther in a year than we’ve been able to move for the last ten years.

    Note that we are rebuilding the code base and will not be using Sempo's system in 2021.

    -

    #opensource #RedCross #CIC

    -

    #opensource #RedCross #CIC

    -
    -#opensource
    -

    #opensource

    -
    -#RedCross
    -

    #RedCross

    -
    -#CIC
    -

    #CIC

    +

    #opensource #RedCross #CIC

    diff --git a/output/comparative-analysis.html b/output/comparative-analysis.html new file mode 100644 index 0000000..632180f --- /dev/null +++ b/output/comparative-analysis.html @@ -0,0 +1,145 @@ + + + + grassroots-pelican - Comparative Analysis of eMoney and Community Currency + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    +
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    + Comparative Analysis of eMoney and Community Currency +

    +
    +
    + +
    +

    Introduction

    +

    Sarafu is a network of interoperable community currencies implemented by Grassroots Economics, aimed at eradicating poverty through the creation of endogenous credit in the marginalized communities (Ruddick et al., 2018). In Kenya the Sarafu network has been implemented in communities living below the poverty threshold in both rural areas and urban slums. One of the most successful cases of such implementation is that of Miyani, part of the Kasameni sub-location, where the community currency spread to more than 4800 users at the time of this study. Sarafu is, however, only the most recent step on the path of financial innovation for the inclusion of marginalized communities in Kenya. As Edwards (Edwards, 2016 p.2016) shows, for instance, mentioning the case of M-Pesa:**

    +

    The combination of widespread cellular communication and the ability to transfer money instantly (via eMoney), securely, and inexpensively are together leading to enormous changes in the organization of economic activity, family relations, and risk management and mitigation

    +

    The achievement that the Sarafu network brings about is the chance to create and use a complementary currency, helping the communities to overcome the scarcity of national currency, which is accepted 1:1 with the national currency by the local businesses. It has been shown to provide a liquid means of exchange to the members of the communities that effectively incentivizes local production through its circulation, and to have helped the users to increase their savings in Kenya Shillings, as Marion Cauvet has shown (Cauvet, 2018).

    +

    In order to provide further evidence for the impact of Sarafu, its circulation will be analysed and compared to that of other eMoney services in Kenya used by the sample group.

    +

    This comparison is also important, because eMoney is one of the few alternative means of exchange to cash in areas such as Miyani, since very few of its inhabitants have a bank account, and, therefore, it is difficult to find reliable data relative to the circulation of national currency.

    +

    Analysis of the Transactions

    +

    The sample consists of 6 individuals living in the Miyani area (4 men and 2 women), who voluntarily disclosed their eMoney transactions, which have been compared to the transaction dataset stored on the Sarafu open source blockchain-based database. The period considered is the Semester between June and December 2019. However small, the sample is considered to be representative of the population of Miyani.**

    +

    All the individuals considered used both traditional e-money and Sarafu. The data show that the 6 users analysed, conducted 578 transactions through Sarafu worth a total volume of 185,666 and 685 through E-money worth 148,757 Kenya Shillings.

    + +

    Over the whole time period transactions in Sarafu produced a volume roughly 24,8% higher than those in Kenya Shillings via eMoney.

    +

    Moreover, it can be observed that, during June, August and November more Kenya Shillings were exchanged through E-money than Sarafu, whereas in July, September, October and December it was the opposite showing a counter cyclical effect likely related to crop yields. The maximum volume exchanged in one month through Sarafu was 58,554 (December), whereas the maximum amount exchanged via E-money in the period observed was 49457 (November). The standard deviation of the monthly volume exchanged in Sarafu is 9553,958855 Sarafu, whereas that of the volume of Kenya Shillings transactions is 14,214,05, whereas the total standard deviation of exchanges both in Sarafu and Kenya Shillings, amounts to 21600,17471, which is lower than the sum of the other two (amounting to 23768,01553). This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is scarce. It is moreover worth to notice that both the volume of the transactions in Kenya Shillings and Sarafu grew over the period. This is evident if it is taken into account that the sum of volumes in June, July, August and September , amounting to 71043 for eMoney and , is inferior to the that in the last 3 months, worth 77680. The same can be said for the volume exchanged in Sarafu, amounting to 55433 and 130143 respectively.

    +

    By analysing more in detail the eMoney transactions, however, it can be noticed that the overall outflow consists of: 26744 Ksh transferred to other accounts, 33823 Ksh withdrawals and 12456 Ksh used to pay bills. +Conversely, in the same time period, Sarafu were mainly spent among local businesses for buying farm produce(42221), fish(36626), vegetables (30295), water (27321), to save or to take loans from the chama, that is a savings and loans association (26600).

    +

    Preliminary Results +The volume of the exchanges, differed significantly, showing that Sarafu circulated faster than the emoney in the period considered. Moreover, it is evident that the majority of Sarafu were spent among local businesses, whereas a larger portion of the Kenya Shillings circulating were withdrawn. Furthermore Sarafu, even though it was implemented only in 2017 in the Miyani area (Cauvet, 2018), plays a fundamental role in the life of these inhabitants of Miyani, who benefit from the interaction between the national currency and the alternative currency to meet their everyday needs. More specifically, evidence shows that Sarafu worked as a counter-cyclical buffer, bringing stability to the local economic system, and fostered circulation of goods and services also through traditional e-money, as it can be noticed from the fact that the overall volume exchanged not only in Sarafu, but also that in Kenya Shillings increased over the time period. Due to the scarcity of data, however, the conclusions achieved are only partial, and, therefore, further research should confirm the findings.**

    +

    https://github.com/GrassrootsEconomics/TransactionDatasets

    +

    The transaction data relative to the traditional forms of E-money were collected by Sowelu Avanzo, a student of the University of Torino, while he was conducting the fieldwork for his research on the Sarafu network in Miyani from October to December 2019. For more information on this ongoing research contact sowelu94@gmail.com.

    +

    #research #eMoney #mpesa #communitycurrency

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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
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    + + + + \ No newline at end of file diff --git a/output/complementary-currency.html b/output/complementary-currency.html index c4f5952..fec2855 100644 --- a/output/complementary-currency.html +++ b/output/complementary-currency.html @@ -110,21 +110,16 @@
  • Plan next steps.

    • For a full report on the first two meetings visit:

    -

    Meeting 1 -Meeting 2

    -

    Meeting 1 -Meeting 2

    -
    -Meeting 1 Meeting 2
    +
    +
    Meeting 1
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    Meeting 2
    +
    +
    +

    +

    These meetings will continue in January and help lead the way for base line data collection, community ownership and implementation.

    - -

    #complementarycurrencies #bangla

    -
    -#complementarycurrencies
    -

    #complementarycurrencies

    -
    -#bangla
    -

    #bangla

    + +

    #complementarycurrencies #bangla

    diff --git a/output/covid-19-blockchain.html b/output/covid-19-blockchain.html new file mode 100644 index 0000000..7042315 --- /dev/null +++ b/output/covid-19-blockchain.html @@ -0,0 +1,143 @@ + + + + grassroots-pelican - COVID-19 Blockchain Crisis Response - CICs at 500% Growth + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    +
    +

    + COVID-19 Blockchain Crisis Response - CICs at 500% Growth +

    +
    +
    + + +
    + By Will Ruddick +
    + + + + + +

    + +
    + +

    Since we started using blockchain for Community Inclusion Currencies (CICs) in September 2018 we have seen nearly half a million dollars ($482,000 USD) worth of trade via 154,000 transactions with 19,877 registered users living below or near the poverty line to whom 8.9 Million CIC ($89,000 USD equivalent) tokens have been distributed.

    +

    The system works by giving each new user 400 CIC tokens (valued at $4 USD) and rewarding them more each week based on their activity in the network. Donors come in by purchasing the CICs from Women's Savings groups over time and the total amount of CICs that can be created are constrained by a collateral fund currently totaling $40,000 USD.

    +

    Since January $26,300 USD from donors have been used via Mpesa (eMoney) to purchase these vouchers 1:1 from chamas (savings groups) and redistribute them to other needy members. These donor injections help peg the value of a CIC to National Currency and give women's groups the ability to purchase things not available in the network.

    +

    Comparing transaction volume to donor aid since January we see 18.3x the amount of volume compared to the donor aid injected. See our dashboard below:

    +

    https://dashboard.sarafu.network/

    + +

    While that itself seems amazing, what has been truly astounding has been the uptake due to COVID-19. In the past we have seen that CIC usage goes up when National Currency is lacking but never to the extent it has now.

    + +

    There has been a huge increase in usage since COVID-19 and specifically in Mukuru, Kayaba where we started working with Red Cross on April 6th. In roughly a month, we have seen $95,600 USD worth of transactions on the network with 22,702 transactions via 2,588 users to which 12,700 CIC tokens have been distributed.

    +

    $2,780 USD of donor funds have been used via Mpesa (1:1 with National Currency) to purchase back these vouchers from chamas.

    +

    Comparing transaction volume to donor aid for Kayaba we see 34x the amount of volume compared to injected donor funds.

    +

    Note that out of the 2,588 registered users in Kayaba 2,072 were registered since April 6th (starting with 516 users). That is a growth of 501.5% since Covid-19.

    +

    The photo above is a Kenya Red Cross trained Community Based Disaster Response Team member helping to spread awareness about COVID-19 in Mukuru, while also helping people identify where they can use their CICs to purchase basic commodities like soap, water and food, as well as where those shops can purchase from other shops and service providers in the network to encourage the community to support each other even when National Currency is scarce.

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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
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    + + + + \ No newline at end of file diff --git a/output/currency-123.html b/output/currency-123.html new file mode 100644 index 0000000..7ca4250 --- /dev/null +++ b/output/currency-123.html @@ -0,0 +1,168 @@ + + + + grassroots-pelican - Currency 123 (Back, Guarantee, Open) + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    +
    +

    + Currency 123 (Back, Guarantee, Open) +

    +
    +
    + + +
    + By Will Ruddick +
    + + + + + +

    + +
    +

    A Community Inclusion Currency (CIC) is way to transparently establish a credit system to enable local markets to thrive and link together, forming resilient and inclusive economies. While these steps are a simplification of a process that involves a lot of planning, modeling and governance - it is important to share our understandings and we invite collaboration as we use and develop open source technologies, models, and practical methods.

    +

    Step 1 Primary Backing.

    +

    Involves establishing the amount of currency (aka tokens or promissory notes) being issued against some backing. (This is the backing of your currency's primary market.) A CIC issuer (a group or individual) needs to establish that these CICs, as promissory notes, have legitimate backing in goods and services over time.

    + +

    In example, an individual business could back a CIC with staged redemption of a year's worth of goods or services (goats and hair cuts). Practically bringing together a group of individuals or businesses and determining their commitment level to backing over time is an art. Groups like Sardex.net have developed techniques for how to establish such commitment and buy in. With humanitarian organizations like Red Cross these commitments could be in donations over time (i.e. the CIC could be redeemed for donations in National Currency or goods) as we are currently doing with the Sarafu CIC. Note a key function of the primary backing is to keep the value of the CIC stable locally.

    +

    If a CIC has 100,000 EUR of backing committed from a group of, say 10, business over a year and each business is allocated 10,000 CIC tokens, those businesses could begin to trade with each other while seeking to keep their balance at 10,000 CICs (called credit clearing). Determining how many tokens to create involves an estimation of how much any one business can both spend and redeem them over time and the size of the network begin created. If you are bakery and have committed 10k EUR of bread over a year to be redeemed in CICs (and are allocated 10k CICs) - will you be able to spend those CICs again as fast as you redeem them? And if not, how many can you afford to accumulate? If all 100,000 CIC tokens come back to you what would happen to your business? Are you guaranteed to be able to spend them? What if an issuer goes insolvent and you can no longer redeem the CIC for the primary backing? In step 2 we seek to de-risk the CIC by creating a contractual guarantee - while also creating a way for future CICs to be created and even traded with other communities.

    +

    Step 2 Guarantee a Reserve

    +

    While Primary Backing alone has created stable currencies with examples around the world like Canadian Tire Dollars, issuer(s) can avoid pitfalls that have caused thousands of such systems to stagnate or collapse by adding a reserve (aka collateral). A reserve gives CIC holders a guarantee of redemption while also creating a mechanism to create more CICs and connect one CIC to another with automated pricing.

    + +

    Reserves help to:

    +
      +
    • Increase trust and acceptance of a larger community.
      • +
    • Guarantee backing of the CIC in case of issuer insolvency or delays in redemption of the primary backing.
      • +
    • Establish an automatic exchange value of one CIC to another without having to audit the primary backing.
      • +
    • Establish a transparent and fair way to create and destroy CIC tokens.
      • +
    +

    A reserve can be created transparently on a mathematically binding blockchain based contract with strict permissions and equations that govern the exchange of CICs for the reserve (aka Bonding Curve).

    +

    A CIC issuer(s) must decide how to setup this contract - below are the current options for setting up a CIC reserve contract (also called a Converter contract in the Bancor open source contract suite):

    +
      +
    1. In what currency should the reserve (collateral) be? We are using DAI (a stable coin to the US dollar) but it could be any token that is trusted.
      2. +
    2. How much reserve to put in? We set a 'full' reserve (collateral) level at 25% of the supply of CIC (Sarafu in Kenya). Also called a Target Reserve Ratio (TRR).
      3. +
    3. Who can use the contract? White-listing. Can anyone access it or only known people? For legal reasons organizations issuing CICs must often know who is using the contracts.
      4. +
    4. What is the starting and maximum fee for using the contract if any? A conversion fee is a good security mechanism and adds some resistances to moving in and out of the contract.This fee goes into the reserve pool.
      5. +
    5. Who controls the variables of the contract once it has been deployed? These include changing the conversion fee (if any) up to a fixed maximum, changing the white-list and connecting to other CICs (Registry of CICs).
      6. +
    + +

    Once the contract has been designed and the collateral has been obtained - (eg. the issuers may be turning US dollars into DAI or creating their own reserve token) and added to the contract - the contract will also take control of the CIC token itself and will be solely able to issue or redeem CICs based on the variables given above and the equations below (aka bonding curve equations). We start out CICs in Kenya with an exchange price of 1. (See the equation above that determines the exchange price.) The reserve is considered full at a fixed community chosen Target Reserve Ratio (TRR) to the CIC in supply. When the reserve is full (say at $25,000 Dollars in Reserve and there are a total of 100,000 CIC tokens (backed by goods and services of the issuers) and the TRR is also 25%) then the exchange price to reserve is 1. (1:1) We will discuss exchanging between CICs and reserve in the next section.

    +

    Step 3 Open Reserve to Market:

    +

    Again, getting past steps one and two are not trivial and require a lot of considerations and good governance! But once in alignment the contract holding the CICs collateral created in step two can be open to the greater world (whitelisted or non whitelisted).

    + +

    Enable Redemption: With a reserve in place, anyone holding CICs can redeem them for committed goods and services (primary backing) or money in the reserve. The less reserve there is the less National Currency is redeemed for the same amount of CICs based on the equations below (aka the bonding curve). If someone cashes out 1,000 CIC tokens from a full reserve in our example they will pull out roughly $985.10 Dollars from the reserve. This limits how fast people will remove their CICs.

    + + +

    Enable Creation: In addition anyone can also add money to the reserve and create additional CICs. The more reserve there is the less amount of CICs are created for the same amount of National Currency. As the reserve was already reduced in the last example; now, if someone deposits $985.10 Dollars into the reserve they will create 1,000 new CIC Tokens - this encourages people to fill back in the reserve (see the equation below).

    + +

    The group that should be most interested in creating more CICs when the exchange price to reserve is low - are the initial issuers themselves. They among all others should be able spend the CIC at full value among themselves and their community - because that was their initial purpose and they are still backing the CIC with their own goods or services. eg. If someone knows they can buy a goat (primary backing) using CICs 1:1 with national currency and they are now able to create some cheaply by adding reserve, they have an advantage to fill back up the reserve and buy some goats. This incentive to refill the reserve can be considered a beneficial arbitrage and creates additional price stability beyond the primary backing. Humanitarian organizations will add reserve and create CICs as the reserve empties in order to leverage their donations into positive social impact. The reserve can be considered a revolving CIC stability fund.

    +

    If someone knows they can buy a goat (primary backing) using CICs 1:1 with national currency and they are now able to create some cheaply by adding reserve, they have an advantage to fill back up the reserve and buy some goats. This incentive to refill the reserve can be considered a beneficial arbitrage and creates additional price stability beyond the primary backing.

    +

    While CIC acts as a promissory note against the primary backing, it is also practical to consider a CIC as a share of both the primary backing and the reserve. In a sense it is also a share of, and investment in, the economy using it. In addition, that economy can be connected to other economies using other CICs. Because a CIC can convert to its reserves and that withdrawn reserve can be added to another CIC - the exchange value to reserve serves as an automated price maker between the CICs and also measures the relative trade imbalance between the two economies - creating an incentive to clear trade deficit.

    +

    The economic data available from CIC contracts and trading on a public blockchain gives a lot of insight to a CIC backing, volatility and uptake. Check out https://dashboard.sarafu.network for an overview of a CIC being used in Kenya right now by the Red Cross to support thousands in vulnerable communities and build resilient economies. See our white paper as well as the open source Bancor smart contract suite we are using. Here you can see a very basic initialization and usage of the bonding curve equations.

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    + Currency Supply, Taxation and Redistribution +

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    +

    Tax Redistribution Algorithms

    +

    The local clustering coefficient (C) for a particular currency trading user is given by the proportion of connections or trade partners (via trading CICs) between the users within that users neighborhood divided by the number of connections that could possibly exist between them. https://en.wikipedia.org/wiki/Clustering_coefficient

    +

    The average clustering coefficient sums the clustering coefficients for all the users and divides by the number of users in that neighborhood.

    +

    The neighborhood could span to sum over 2nd and 3rd order trade partners as well. This average clustering coefficient (ACC) therefore gives us a simple measurement of how connected people are (how much do the users around a particular user (to 3rd order) trade with each other).

    +

    This is interesting but doesn’t scale well; How would one compare two users, both with a C = 1, while one of them has 3 trading partners and the other has 10? Therefore we can multiply ACC by the total number of trade partners that user has – hence normalizing the ACC into a Normalized clustering coefficient (NACC).

    +

    The NACC for each user gives us a relative ranking of each user via the contentedness of their network of trade partners but what about the sum of all the NACCs – does this not represent the overall contentedness of the entire network (Total Normalized clustering coefficient)? If we take each user's percentage of the total (NACC / TNACC) = pTNACC (percentile of the Total Normalized clustering coefficient ) we have a percentile ranking of each user in the network – corresponding to their relative contentedness in the entire network.

    +

    K-Cycle centrality (like Teodoro is working on!) may be a good measure as well – and reminds me to mention – the characteristic time-frame is very important – clusters in this light are small structures that can form rapidly (1 week periods) while k-cycles (especially higher order k-cycles) may take months.

    +

    You might be asking “a good measure for what?”

    +

    The distribution of pTNACC can tell us a lot about a network. If there are only a few very high pTNACC users it means that the network is potentially very brittle. It is also a metric that becomes harder and harder to fake or Sybil attack if there is a transaction and/or coordination cost – as the overall cost of the attack would grow exponentially.

    +

    On a weekly basis we can test this out on the current Kenyan trading data by asking are the users with a higher pTNACC actually important nodes in the network? It would seem so. Looking at the current data http://grassecon.org/research– users would be in the 90th percentile - highest ranking pTNACC scores end up being key nodes hubs or chamas (groups) in the Sarafu trading Network .

    +

    Looking at people and groups of people as important elements in a local economy as a social scoring system is quite interesting. Especially is its fallibility is tied up in the ultimate cost to game the system compared to any potential benefits. In addition, if people receive a tax benefit or tax redistribution based on a higher pTNACC score: would this scoring system motivate people to develop networks around their goods and services more? Is that an intrinsically good thing? Does rewarding pTNACC result in positive social outcomes - trust, resilient markets and so on? - We're working with researchers to help determine this.

    +
    +
    +

    Voting systems on tax redistribution.

    +

    Rather than an automated system that measures trade clustering and sends out tax redistribution, what if each user of the network could simply have 100 voting tokens each month – and you send them to whom you are voting for and based on the percentile of votes one gets, that percentage of the total tax redistribution pool. Say the vote tokens get wiped and reset each month and we have strong identity controls to protect against a Sybil attack. This sounds very nice, but can also be corrupted via populism. How about a combination of an algorithmic measure and a voting system?

    +

    Before we get into that: “What is this source of tax redistribution pool?” you might well be asking.

    +
    +
    +

    Holding taxes

    +

    Imagine your bank charged you a percentage of your balance every Monday as a holding tax? Well you wouldn’t want to be storing too much money in that account, would you? (n.b. Better calculating and charging for an averaged balance over a time period.) This will create a sort of demurrage effect or hot potato, where people want to move their currency as fast as they can (undesirable to save). Rather than this being a bank function it could be built into the currencies smart contract on a blockchain. Those people who can’t move their CIC and have the most of it - pay more tax (no matter where they put it).

    +

    This tax can be redistributed in an near infinite number of ways: 2 such were discussed above – voting and algorithmic. Another such way is a Universal Dividend where the tax redistribution is simply shared evenly across the population. Note that the source of such a Universal Dividend in this case is not inflation – but rather a holding tax. In this way the total monetary mass (CIC token supply) can remain stable.

    +
    +
    +

    Token Supply

    +

    Finally this gets us to token supply (where we might have started with in traditional economics). A CICs token supply (if connected to other CICs) is determined by the amount of some reserve it is bonded to in common with other CICs. Therefore the issuance and supply of the network token becomes paramount since this network token (NT) can effectively mint additional CIC.

    +

    Could we create a network token that was simply distributed fairly to people over time? Say the NT was distributed to everyone evenly over time (per capita and or arithmetically) and any holder could also have their 100 vote tokens for the tax redistribution fund – fed by the holding fee? Then each CIC (local community currency) would form around a collection of the network tokens and be able to set its own rules (taxation, tax redistribution and so on) otherwise (within some regulatory standard).

    +

    In this case NTs could be issued and distributed in a similar way to the (G1) Duniter Universal Dividend or Circles UBI – while also being charged a holding tax – from which a percentage can be voted on distribution and a percentage can be algorithmic distribution.

    +

    Note that NTs could in turn have their own reserve – this would limit how much could be minted (or put into pools with other types of tokens to act as reserves for CICs). Also this NT could be listed on exchanges that connect it to other tokens world wide.

    + +

    CIC network with Sarafu Network Token

    +
    +
    +

    What does a decentralized economic currency system look like - when combining all these approaches:

    +
    +(see diagram above)
    +

    1 + 2. Fair distribution and circulation of a network token – which can act like a large scale medium of exchange. A version of the Duniter (G1) Universal Dividend or Circles UBI Smart Contract suffices – but controlling for inflation via taxation. Note that a myriad of NTs can exist and incorporate other rules and still have markets that connect them together. Hence a whole range of NTs and localized systems that use them could form with different local rules and rules that connect them. Note that in the Sarafu Network Token Kenya case, the Sarafu supply is currently voted on by committee - but this will be subject to change in 2021.

    +

    3. Discouraging hoarding: A holding tax is a simple form of this. Some of this tax can be destroyed to stabilize the monetary mass (supply)

    +

    (1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis.

    +

    (1). Rewarding good behaviors via tax redistribution: An algorithmic system that determines good behavior – given this is voted on. This could involve MANY metrics (see SDGs). A voting system that allows users to specifically endorse candidates this could use quadratic and or conviction voting system. Note that we have not yet implemented a voting system yet and use clustering pTNACC as a basis for distributing Sarafu on a weekly basis.

    +

    4a, 4b. Localized currency creation with connect-ability: The ability to create credit systems for businesses and community projects and connect them to others: CICs being created using this NT as a reserve – gives people the ability to label tax and leverage the NT to create a promissory note against future production (See`Bancor Protocol <https://support.bancor.network/hc/en-us/sections/360002084771-Whitepaper->`_ for smart contracts here).

    + +

    Note that many types of tokens can be added to a reserve pool for a CIC (including the possibility of Carbon credits, Stable coins and so on). Also note that a CIC need not have any reserve if there is no exchange between other CICs. In which case a CIC is simply a promissory note against future production. Localized CIC creation was available in in 2019 and has been put on hold for all of 2020 and will reopen with some modifications (namely to the target reserve ratio being 100% hence no leverage) in January 2021!

    +

    5. Connected CIC and Price stabilization: Finally we want labor and commodity price stabilization for the NT as well as the CICs. Given the ability to fix the supply of each – prices of goods and services can stabilize by virtue of arbitrage between markets of CICs themselves. Note that less than 100% target reserve ratios will be added back over time based on standard development and regulatory compliance for custodial systems - non custodial systems can have a lot more freedom..

    +

    All these concept and conjectures could use a lot of testing, modeling and token engineering. If interested please contact us wherever you are!

    +
      +
    • A very sadly unfinished cadCAD model was created by BlockScience - but it is a good robust framework to get started.
      • +
    • You can also watch me playing with simpler models at the Vilage market simulator series.
      • +
    • Our open source code is all on GitLab is here.
      • +
    • Field Datasets can be found here.
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    + + + + \ No newline at end of file diff --git a/output/demystifying-currency.html b/output/demystifying-currency.html new file mode 100644 index 0000000..23fb9da --- /dev/null +++ b/output/demystifying-currency.html @@ -0,0 +1,179 @@ + + + + grassroots-pelican - Demystifying Currency Creation and Backing + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Demystifying Currency Creation and Backing +

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    + + +
    + By Will Ruddick +
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    + +

    Once upon a time a goat herder counted his herd and found 100 goats (some old and some young). That was a nice surprise. He estimated a market price of about $100 for a goat once they were mature. Then he went to the blockchain via an easy-to-use interface on his flip phone and created 10,000 goat tokens. He used them to pay trusted carpenters to build a barn where he could keep more animals.

    +

    By the 3rd month of construction he spent all 10,000 tokens and earned another 2,500 tokens by selling a quarter of the mature goats. (He can only sell the goats slowly to maintain his herd). He now has 75 goats left plus another 15 goats that were just born.

    +

    This cycle of spending and redeeming goat tokens could go on and on for years. The Canadian Tire company did something similar with paper vouchers and these coupons for car tires are still in use after 30+ years.

    +

    This kind of community-level credit creation can be a lifesaver when national currency is in short supply. Using goats themselves as a currency is actually a useful strategy, "We enable smallholder rural, off-grid farming communities to meet their farming and household needs using livestock as currency" - Uptrade..

    +

    Let’s look at how it works, and how to to address the risks.

    +

    In a community, a group can come together and decide on the assets they will use to back their community currency collectively, e.g. goats + grapes + corn. Then they can issue a credit to everyone in the group - this is sometimes called a mutual credit. A municipality may create credits this same way and back them with public transport usage and acceptance for taxes.

    +

    but +Who is keeping track of how many goats there are and are ready to sell?

    +

    What if some of the goats are killed by a lion or die from a disease and the goat herd is decimated? In fact, the goat herder never had 100 mature goats to begin with - the goat tokens were a promise against future (mature) goat production. If the backing of goats becomes unstable then a lot of people could be left with goat tokens they can't redeem. What if there is a run on the 'bank' and everyone wants goats at once? We’ll get to how to solve this in a moment.**

    +

    but What if the goat herder wanted to allow other people to make those goat tokens? The reason this might be attractive to the goat herder is that if someone were to ADD a goat to his herd and breed with the other goats then over time it would produce more goats. What is that worth? Since the goat herder is the one establishing the value at 100 tokens = 1 goat, adding a goat to the goat reserve should create $100 dollars more of goat tokens (100 goat tokens).

    +

    and +What if the goat herder wants to trade with the cereals shop in town? +Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer.

    +

    so +Reserves to de-risk +Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens.

    +

    Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust.

    +

    and +What if the goat herder wants to trade with the cereals shop in town? +Well, let’s say the cereals shop owner doesn't want goats at all. Would she accept these tokens? If she could spend the tokens on other things she needed like labor and cereal distributors then perhaps she could accept 'some', but anyone accepting them would need at some point to have some trust in the goat token issuer.

    +

    so +Reserves to de-risk +Seeing this problem of lack of trust in his goat tokens, the herder decides to put up some collateral in national currency (it could be any common reserve token if one exists for that region). The goat herder feels so strongly that he will accept back the tokens for goats that in order to build confidence in people he takes $1,000 dollars it up into a contract on a blockchain (using his feature phone). That means anyone who has goat tokens can trade their tokens for national currency without any middleman. Plus, if anyone adds to the reserve of dollars they can create more goat tokens.

    +

    Now the goat herder has promises of goats as backing for his tokens as well as some collateral in national dollars. If he ends up with all the tokens again by selling goats he can simply cash out those vouchers to get back his reserve. Doing this on a public blockchain means that anyone can see the backing for his tokens now in dollars (or any reserve token such as xDAI). That helps with the tracking problem and the backing problem - both good for trust.**

    +

    Target reserve ratio (TRR) +The Target Reserve Ratio is the point at which the contract on the blockchain will give $1 of reserve dollars for 1 goat token. When the herder creates his reserve of dollars on the blockchain he fixes a Target Reserve Ratio. The higher the TRR, the more stable the price of the token will be. Let's say he chooses 10% for his TRR. This would mean that when there are $1,000 dollars in reserve and a total supply of 10,000 goat tokens, the value of those tokens will be 1 token = $1 dollar. Another term for the contract that shows the relationship between the value of dollars and the value of goat tokens is the bonding curve.

    +

    Shares of an asset +Using this bonding curve means that as reserve is added (+) the value of the goat tokens will go up compared to the dollar reserve. +As tokens are destroyed and reserve is pulled out (-) the value of the remaining goat tokens will go down compared to the dollar reserve.**

    +

    Primary Market +The goat herder creates a primary market around his goats by spending and redeeming tokens. He keeps the value of his goat tokens stable by backing them over time with his goats. His token is stable over time for as long as he redeems the tokens and people want the goats. Primary markets are important because they determine the base value of goods and establish a value for the tokens.

    +

    Secondary Market +What happens If the value of the goat tokens drops (-) below a dollar because people at the cereals shop are cashing them out for reserve? Then it becomes even more attractive for people who want to buy goats. Anyone who wants goats could also add reserves cheaply in order to claim them for goats later. The issuer (the goat herder) could also add national currency to the reserve (the secondary market on the blockchain) and create more tokens to pay for more labor.

    +

    The primary market forms the basis for value on the secondary market. As the secondary market value goes up (+) more people will cash out the tokens for dollars. The more it drops (-) the more people will cheaply buy tokens to get goats.

    +

    More Currencies, More Resilience +Because the herder has added a reserve to his token, it means that his token will automatically have value against other tokens with the same or connected reserves. This means that anyone in the world could accept the herder’s credit (tokens) because they can always see the reserve on the blockchain behind it. They can convert it to the reserve and also put that reserve into their own tokens.

    +

    Risks +The inherent risk in trusting any single issuer of a currency is that they will no longer be able to, or just stop, reclaiming the tokens for goats (or goods or services - whatever is backing the currency). (This is akin to a bank run). By adding collateral to a reserve, a secondary market can reduce risk and build trust. It can also enable many credit systems to connect together into larger economies. We’ve seen this build stable markets that allow communities to trade their goods and services with a much wider population.

    +

    The risks of using tokens with on-chain collateral are easily measurable based on the size of the reserve, the trade on the network, and the target reserve ratio. In contrast, the risk of accepting a token that’s only backed by physical goats requires that I both want a goat (or I know others that do) and trust that the promised goats will be around.**

    +

    Takeaway +Credit creation can be regulated and de-risked in a whole new way, where anyone could potentially issue their own credit. A network of such credit issuers and users can form a decentralized economy, which is more resilient to crisis. This is what Grassroots Economics is doing with partners like the Red Cross.

    +

    The technology is now open source and we encourage replication and development. You can see more of the impact in Kenya here with nearly 100K USD trading on the networks monthly trading on the networks monthly. We hope to open this secondary market up for anyone to contribute in the next two months.**

    +

    Timely: How this impacts aid and COVID-19 +What if instead of goats, a non-profit created a primary market of credit with donor funds to bolster local food security and health? The secondary market on the blockchain allows anyone in the world to add reserve (liquidity) and give more value to these tokens. It’s a way to multiply donor funds and allow locals like the goat herder to buy and sell the goods they need. At a time when international and national markets are collapsing, tools that allow people at the local level to trade needed goods and services without national currency is critical.

    +

    How can I do it? +https://katanapools.com/ is a site where you can use the Bancor protocol to create a goat token or any other and add one or multiple reserves to it on the Ethereum blockchain. More in this Medium article.

    +

    All the code to create and trade these types of tokens is open source. To understand the bonding curves we use,read the open source Bancor Protocol whitepaper: https://storage.googleapis.com/website-bancor/2018/04/01ba8253-bancor_protocol_whitepaper_en.pdf.

    +

    How can I support? +Turning these open source infrastructures into something anyone in the world can use is our priority. We are racing to address the widespread impact of COVID-19 on people’s income, food security, and health. Funding to bring on more developers and to do more pilots and help communities right now is what we need. Please contact us if you would like to take part.

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    + + + + \ No newline at end of file diff --git a/output/detergent-accelerator.html b/output/detergent-accelerator.html index 550c870..2de6915 100644 --- a/output/detergent-accelerator.html +++ b/output/detergent-accelerator.html @@ -97,20 +97,10 @@
    - +

    Julius Nyelele has been a member of Lindi Business Network for more than one year. He is a roadside seller of washing detergents and body jelly. He says that, at first he never understood the concept behind community currency, but later when he actively started using Sarafu-Credit he got more customers who are part of the Business Network. He has been selling most of his products along the road since he didn’t have a place to store his products, but currently he has a host of ready customers who are part of the business network that always purchase his products using Kenya Shillings and Sarafu-Credit (Community currency). He says that his products are always first moving now and that’s increasing his sales and savings. He is also starting to use the community super market space to store his products and has expanded his business to selling larger quantities.

    Julius is benefiting from increased connection among the members and businesses of his community. By virtue of hundreds of shops receiving an interest free credit to use among each-other in an area overall efficiency greatly increases. Instead of waiting on Kenyan Shillings to make a purchase, members of these networks can trade using credit that is readily available. These networks also develop assets, like supermarket stock, that backs the credits (community currency) in case of defaults and to grow the credit supply.

    -

    #detergent #bodyoil #businessaccelerator

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    #detergent #bodyoil #businessaccelerator

    -
    -#detergent
    -

    #detergent

    -
    -#bodyoil
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    #bodyoil

    -
    -#businessaccelerator
    -

    #businessaccelerator

    +

    #detergent #bodyoil #businessaccelerator

    diff --git a/output/disrupting-currencies.html b/output/disrupting-currencies.html new file mode 100644 index 0000000..3ae4695 --- /dev/null +++ b/output/disrupting-currencies.html @@ -0,0 +1,152 @@ + + + + grassroots-pelican - Disrupting Currencies + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Disrupting Currencies +

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    + +
    +

    Grassroots Economics Foundation has been at the forefront of empowering bottom-of-the-pyramid communities in Kenya by use of Sarafu Network; a network of Community Currencies, (CCs), operating in Nairobi and Mombasa respectively.

    +

    It started with 75 businesses in Kongowea (Mombasa) launching Eco Pesa as the first local currency in 2010, then Bangla-Pesa in Mikindani-Mombasa-Kenya, which the locals embraced. To-date, community members have been using it as a Community Currency to pay for goods and services enriching their daily lives.

    + +

    Will Rúddick the pioneer of community currencies in Kenya, listening at a strategic planning session.

    +

    This project, which started with an aim to reduce economic instability in marginalize communities has seen people and businesses increase local trade by providing a complementary means of payment where the national currency is scarce. This reduces debts as CCs become a spending currency while the Kenyan shilling, becomes a tool for saving. In Nairobi, more than 1000 small businesses take an active role in their own economic development in this way. This has led to a 17% increase in local jobs creation and 37% growth in sales revenue through the frequent transactions that happen in these ` Sarafu-Credit locales. <http://www.grassrootseconomics.org/community-currencies>`_.

    + +

    The good news about this is that Sarafu-Credit users in these communities, no longer depend on their income or wages as the only way to cater for their daily needs. They can now depend on each other and use local currencies to buy food like fruits, vegetables, snacks and access services like tailoring, hairdressing and getting rid of waste materials dumped within the community.

    +

    Community Currencies in the Sarafu Network like Gatina Pesa in Kawangware connect underutilized work forces with unused resources to create local industries that guarantee the provision of basic needs.

    +

    So, how do people in the Network use Sarafu-Credit?

    + +

    Sarafu-Credit users in Gatina, Kawangware

    +

    Sarafu-Credit users get to access goods and services from sellers who accept the CCs, creating a network of traders who unite the different areas and hence uplifting the economy of that community.

    +

    Besides, traders using Sarafu-Credit as an alternative economic system and supplementing the inadequate national currency, they are also achieving SDGs goals themselves in vulnerable communities. For example, Sarafu has a direct impact on; food security, decent work, sustainable communities and economic growth.

    +

    Design and cultural symbolism of community currency.

    +

    Sarafu-Credit is created using cryptocurrencies and also is printed on high-quality paper with designs and symbolic representations depicting the cultural values of the community. This leaves no room for counterfeiting. Participants involved accept and agree on this form of exchange, creating a connected and liquid market for all the Community Currencies in these regions.

    +

    What to note is, the implementation of CCs system in Kenya, is an innovative way of improve living standards, as it also protects and advances Sustainable Development Goals (SDGs).

    +

    SDG’s can be tied to community currencies, whereby for instance, farmers could be linked directly with urban consumers by using a local currency, enhancing food security.

    + +

    The Chief Operating Officer of Grassroots Economics, Emanuel Dominic delivering a presentation on community currencies.

    +

    Community events like the one in the photo below in Nairobi and Mombasa target community members who are new to the concept of community currencies and the longtime users who will be recognized for their knowledge/progress as Sarafu-Credit users and ability to take charge of their lives.

    + +

    A Sarafu-Credit user from Lindi, Kibera.

    +

    This is an open day dedicated to community sharing, networking, educating and training on how the CCs work, as well as coming together to implement new ways that their own Community Currency will improve their communities.

    +

    For future updates; Subscribe to our newsletter (link to newsletter) and like our social media platforms.

    +

    Use the hashtag #sarafucredit #lindipesa #complementarycommunitycurrency #Economics4Change to join the conversation.

    +

    #sarafucredit #lindipesa #Economics4change #complementarycommunitycurrency #SarafuCredit

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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
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    + + + + \ No newline at end of file diff --git a/output/economies-into.html b/output/economies-into.html new file mode 100644 index 0000000..d5f4f57 --- /dev/null +++ b/output/economies-into.html @@ -0,0 +1,135 @@ + + + + grassroots-pelican - Economies into Ecosystems + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Economies into Ecosystems +

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    +
    + +
    + By Will Ruddick +
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    + +

    This is one of 6 locations around Kenya using Community Inclusion Currencies (CICs). Here you can see the trading between the 1,877 most-active users in the Mnyenzeni area of Kwale, Kenya (a chronically food-insecure area) over the last 2 months – November and December 2019. Their total amount of trade together was 5,476,805 tokens locally worth about $50,000 USD. To put this in context: Each user represents a family of ~5 living on ~50 USD a month – while they continue to spend that 50 USD they are now spending an additional 30 USD of CICs. Hence CIC spending could average around 38% of their spending – this is an increase of 1.6 times their consumption. That is roughly 1.6 times the children going to school regularly, 1.6 more meals being eaten and so on.

    +

    Rather than simply give out national currency as in typical aid programs the idea here is to seed the reserves of Community Inclusion Currencies (CICs). The CICs leverage their reserve into 4x the amount of local credit available. CIC are essentially shares of both underlying reserves as well as social capital (community acceptance). People can use them to pull out the national currency in reserve over time or trade them with each other – acting as a medium of exchange when national currency is scarce.

    +

    This $50,000 USD of trade acts as a sustainable buffer system that is resilient to shocks that cause National Currency to vanish and stall markets. It is filling a gap left by a lack of medium of exchange. The 50,000 USD of trade shown here was done using roughly 10,000 tokens (CICs) each given an initial local value of about $1 USD. The reserve behind these tokens, the actual aid funding, was about $2.5k USD).

    +

    This means that $2,500 USD of Aid funds created 10,000 tokens (CICs) which were treated as shares and given a value of $10,000 USD – which was used to facilitate $50,000 USD of trade – this is an impact multiplier of 20x!

    +

    What is exciting about CICs is that any community could decide to take some capital and treat it as a commons and leverage it into a local credit system – and integrate with other credit systems. Those 1,877 users above are using 3 distinct Community Inclusion Currencies backed by different groups of businesses and their own reserves.

    +

    So how did these 3 currencies get started in the Mnyenzeni area of Kenya? Reserves in Kenyan Shillings were added by donors and the CICs were minted based on that collateral. The Chief, elders, and women’s groups all came together for training from other communities already using CICs and began using a feature phone-based (button phone = no need for internet or smart phone) platform to trade with each other, each having received an air-drop of 400 CICs (worth about $4 USD). Here in Kenya the injection of seed capital from Humanitarian Aid into the reserves of these systems is the jump start (bootstrap) that gets everyone involved and builds trust in the system. Most importantly the marketplace starts with a few groups (mostly savings and loan women’s groups) and foundational businesses or cooperatives that agree to accepting CICs. They give users a reason to continually refill the reserve and increase the value of the CICs.

    +

    What most excites me about 2020 is that these tools are being piloted and made available on an open source platform platform and could be available via Red Cross worldwide in the next few years. This means a lot for humanitarian aid, for poverty and for humanity.

    +

    #RedCross #Sempo #CICs #HimanitarianAid #Kenya #Economies #Ecosystems

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    A lot has been said about the education system in Kenya. The introduction of free primary education in 2003 was received with mixed reactions across the country, UNESCO, (2005). The government’s task force reported that the implementation of the program was faced with a number of glaring challenges that required to address. Delays in the disbursement of funds to support free primary school education have frustrated many teachers and put financial pressure on parents.

    According to UNESCO, 2015, the mismanagement, misallocation and embezzlement of funds by corrupt government officials is another challenge facing free primary education in Kenya.

    Since privately-ran schools do not benefit from free primary education, they are faced with the challenge of students missing school due to lack of tuition fees; but not in the 14 schools in Gatina and Kangemi area where parents have the liberty of supplementing their children’s school fees with Sarafu-Credit. A teacher offering tuition on a Saturday morning would accept between 10% and 50% of payment in Sarafu-Credit and the rest in Kenya Shillings. A school such as Sifa School located in Nairobi’s Kawangware area accepts at least 100 Sarafu-Credit for every Ksh. 1000 paid as school fees. Sifa School has not only been accepting part of its school fees in Sarafu-Credit, it has also being using this form of community currency for salary advances to its teachers since October 2014. This arrangement has seen less students miss school due to lack of National currency while enabling teachers to get access to advance payments in Sarafu-Credit.

    Accumulated Sarafu-Credit is traded back in the community for fruits, vegetables and other basic needs; while the vendors in turn use the Sarafu-Credit received to supplement their children’s school fees. Excess Sarafu-Credit is exchanged back for Kenya Shillings each month.

    At Grassroots Economics, we believe that every child has a right to education hence we have a role to play in ensuring that our next generation of leaders have access to education.

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    #education #kenya #sarafu

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    #education #kenya #sarafu

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    -#education
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    #education

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    -#kenya
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    #kenya

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    #sarafu

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    #education #kenya #sarafu

    diff --git a/output/elections-service.html b/output/elections-service.html index 4c71a0d..e215d38 100644 --- a/output/elections-service.html +++ b/output/elections-service.html @@ -104,9 +104,7 @@

    Our networking team led by Alfred Sigo has been working to knit the community businesses together. Beyond having a means of exchange to trade among each other there is a lot of work to make sure there is a thriving market in which everyone is aware of each others' offers and wants. In a more efficient market less and less currency is needed to facilitate daily trade. For this purpose we continue to visit each member of the network and connect them with new customers. We've been slowly generating the following map of businesses in the community – once it is done we will create a sign board to help people know where to use their Bangla-Pesa.

    Kangemi-Pesa? – Nairobi

    Last week Will Ruddick was invited to Kangemi, an informal settlement in Nairobi, where a group of local schools together with Nyendo-Learning Hand in Hand are taking their first steps in replicating the Bangla-Pesa program. We are excited to see another community benefit from enabling themselves to issue and manage their own community currency. We are also happy to be talking with professors of economics from the University of Nairobi on studying these programs.

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    -#bangla
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    #bangla

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    #bangla

    diff --git a/output/emmas-duka.html b/output/emmas-duka.html index 70e10d0..71c5ee8 100644 --- a/output/emmas-duka.html +++ b/output/emmas-duka.html @@ -97,18 +97,17 @@
    -

    Click for recording. (not exactly what was recorded - but close enough)

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    -Click for recording. ` <https://youtu.be/BiArnG8jv9g>`_
    - +

    Click for recording.. (not exactly what was recorded - but close enough)

    +

    This song is called Emma’s Duka, and it's about Emma, and the

    Duka where you could shop for all kinds of stuff, like peanuts, but Emma’s Duka is not the name of the duka, that's just the name of the song, and that's why I called the song Emma’s Duka.

    -
    -You can trade with anything you want at Emma’s Duka (E - A - E -B7) -You can trade with anything you want at Emma’s Duka (E - A - E -B7) -Walk right in, it’s around the back (E - E7) -Just a half a mile from the railroad track (E - A) -You can trade with anything you want at Emma’s Duka (E - A - E -B7)
    +
    +
    You can trade with anything you want at Emma’s Duka (E - A - E -B7)
    +
    You can trade with anything you want at Emma’s Duka (E - A - E -B7)
    +
    Walk right in, it’s around the back (E - E7)
    +
    Just a half a mile from the railroad track (E - A)
    +
    You can trade with anything you want at Emma’s Duka (E - A - E -B7)
    +

    Now it started a few years back, when I went with a friend to visit Emma. And while we were talking to Emma she had a customer come up, his name was Alfred and he didn’t have a shilling on him. Instead of turning him away she wrote his name down on a little paper and the price of the peanuts and told him he could pay her later by repairing her shoes.

    That seemed like a great idea and we figured we could just print up a bunch of those IOUs as vouchers for the whole community so they could still trade their goods and services when they didn’t have Kenyan shillings.

    and that’s what we did and proceeded to give out ten of these paper vouchers worth about 400 Kenyan Shillings of goods and services to everyone in the village - to spend and accept back up with their own goods and services just like Emma did.

    @@ -191,12 +190,14 @@

    Folks, if you want to change the economic system you gotta sing loud.

    So we'll wait for it to come around on the guitar, here and...

    Sing it when it does. Here it comes...

    -
    -You can trade with anything you want, at Emma’s Duka -You can trade with anything you want, at Emma’s Duka -Walk right in, it's around the back -Just a half a mile from the railroad track -You can trade with anything you want, at Emma’s Duka
    +
    +
    You can trade with anything you want, at Emma’s Duka
    +
    You can trade with anything you want, at Emma’s Duka
    +
    Walk right in, it's around the back
    +
    Just a half a mile from the railroad track
    +
    You can trade with anything you want, at Emma’s Duka
    +

    +

    Folks, That was horrible.

    I've been singing this song now for twenty five minutes. I could sing it

    For another twenty five minutes. I'm not proud... or tired.

    @@ -204,15 +205,16 @@

    Harmony and feeling.

    We're just waitin' for it to come around is what we're doing….

    All right now….

    -
    -You can trade with anything you want, at Emma’s Duka -Excepting Emma -You can trade with anything you want, at Emma’s Duka -Walk right in, it's around the back -Just a half a mile from the railroad track -You can trade with anything you want, at Emma’s Duka -Da da da da da da da daaaa -At Emma’s … Dukaaaa
    +
    +
    You can trade with anything you want, at Emma’s Duka
    +
    Excepting Emma
    +
    You can trade with anything you want, at Emma’s Duka
    +
    Walk right in, it's around the back
    +
    Just a half a mile from the railroad track
    +
    You can trade with anything you want, at Emma’s Duka
    +
    Da da da da da da da daaaa
    +
    At Emma’s … Dukaaaa
    +
    diff --git a/output/empowering-mothers.html b/output/empowering-mothers.html index 5d82d0d..fc70b67 100644 --- a/output/empowering-mothers.html +++ b/output/empowering-mothers.html @@ -97,7 +97,8 @@
    - +

    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing

    +

    We are joining together to celebrate mothers’ lives. It is no secret that being a mother is like no other job in the world. It is a job that never ends and that demands the uttermost dedication. As daughters, grandmothers, fathers, brothers and sons we have come to understand of what commitment, extravagant grace and creativity looks like.

    But even though the ripples of their work are present every day in our lives we can sometimes forget to be grateful and take their efforts for granted. Because of this we want to use this opportunity to celebrate the lives of these women and to make sure that they know how much we appreciate them.

    This post goes out then to all women out there, in Bangladesh, Miyani, Lindi, Gatina, Ng’ombeni and Kangemi who are using community currencies to help support their children and ensure their offspring have the best possible chances in life. With the increase of income, women use most of the resources to improve the standard of living of their families above all other expenses. We have seen these heroines working with Sarafu-Credit to overcome the daunting obstacles that have previously kept their families in cyclical poverty. These mothers are breaking the chains of circumstances and rising to the opportunity to ensure food security and education for the next generation. The importance of their endeavors cannot be underestimated, women become the pillars of development on which their communities are built upon.

    @@ -106,36 +107,10 @@

    “My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.”

    Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango

    -

    “My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.”

    -

    Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango

    -

    “My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.”

    -

    Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango

    -

    “My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.”

    -

    Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango

    -

    “My daughter used not to go to school because I did not have enough money. I decided to let the boys go and let the girl stay at home. But ever since I joined the BN, I was able to use the CC on my daily needs like food and water and save enough money such that I was able to enroll my daughter to school.”

    -

    Dama Ngala , member of Bangla-Pesa network since 2016 and a proud mother sending all of her children to school. - Testimonial collected by Lydia Anyango

    Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.”

    Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango

    -

    Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.”

    -

    Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango

    -

    Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.”

    -

    Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango

    -

    Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.”

    -

    Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango

    -

    Ever since I joined the network I started receiving many more people who come to fetch my water. Because I accept SC I get more customers.”

    -

    Priscilla, member of Ng’ombeni-Pesa since 2015 is happy that she can feed and take good care of her granddaughter Caro by using of Sarafu-Credit. - Testimonial collected by Lydia Anyango

    -

    #mothersday #sarafu #communitycurrencies

    -

    #mothersday #sarafu #communitycurrencies

    -
    -#mothersday
    -

    #mothersday

    -
    -#sarafu
    -

    #sarafu

    -
    -#communitycurrencies
    -

    #communitycurrencies

    +

    #mothersday #sarafu #communitycurrencies

    diff --git a/output/enabling-leverage.html b/output/enabling-leverage.html new file mode 100644 index 0000000..085ce24 --- /dev/null +++ b/output/enabling-leverage.html @@ -0,0 +1,143 @@ + + + + grassroots-pelican - Enabling Leverage + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
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    +

    + Enabling Leverage +

    +
    +
    + +
    + By Will Ruddick +
    + + + + + +

    + +
    + +

    From a Microfinance down to tabletop baking groups there is one thing that truly distinguishes these smaller and local financial service providers (FSPs) from a traditional bank and that is their inability to leverage their capital and issue credit. For the last 10 years Grassroots Economics has been working with micro businesses in marginalized communities to leverage their goods and services into a locally circulating credit (Sarafu-Credit or more generally called Community Currency). As we scale up these solutions to interact with larger and larger markets, we must provide guarantees for commercial businesses and other actors wanting to take part.

    +

    Banks are loosely bound to what we call a fractional reserve – I say loosely because the regulation required of them makes it very hard to audit that reserve. This loose regulation enables banks to over-issue credit and causes runs on those banks – several banks have collapsed in Kenya in the last few years due to this issue. Hence in re-imaging decentralized banking in the form Mohammed Yunnis was striving for, we need to do better than the existing financial industry standards.

    +

    At the heart of blockchain technology (I’m not talking about crypto-currencies here) there is the ability to encode policies into credits being created by FSPs. This means that for a tabletop bank, microfinance or traditional bank the risk of credit issuance can be regulated in real-time and insurance systems can be scaled down to the size of a 25 women savings and loaning group in the communities we work with.

    +

    Here is how we've begun to envision those policies:

    +
      +
    • Pricing: FSP’s (including bank’s) credit should not be blindly assumed to be equal in value to national currency. The value of credit issued should maintain a 1:1 ratio when exchanged for national currency for only as long as the FSP maintains an adequate reserve of national currency. In other words, if an FSP is issuing credit there should be backing behind it – and the value of that credit should, in real-time, reflect the ratio of reserve to supply of credit. While banks today engage in monetary expansion at high risk to society - by adjusting the exchange price of credit we ensure that no more than the reserve can ever be claimed.
      • +
    • Issuance: The amount of credit available (minted) should depend on the amount of reserve of an FSP. As more reserve is available more credit is available. As more and more reserve is added - less credit is minted - this causes the ratio of reserve to supply to increase and likewise the price of the credit supply to increase and encourages full reserves. Note that such a relationship between price and supply should not allow prices to drastically exceed national currencies, instead the additional value can be automatically moved into an insurance fund.
      • +
    • Redemption: The credits described here are claims against a reserve but if those claims can be too rapidly liquidated then the value of those credits will be lost. When a FSP puts capital into a reserve it should be locked into a vesting instrument – meaning that those claims against it can only be redeemed slowly. This ensures there is time for insurances and market forces to fill back in the reserve as it is pulled out to maintain stability. Finally as credits are used to pull out reserve (rather than for local trade), the value of the remaining credit drops. This invites a market to cheaply add in reserve in order to mint more tokens and ensure stability of credit pricing.
      • +
    • Reserve: While National Currency (on-chain in the form of stable tokens such as DAI and USDC) can be used as reserve now, there is a bright future in various reserve mechanisms residing on-chain, such as futures contracts and indexes into baskets of commodities as planned by groups like OpenLibra. Note that Community Currencies designed this way can be seen as shares of a collective reserve.
      • +
    • Insurance: A sizable reserve can ensure that credit pricing is not too volatile there is still a need to insure FSP credit so that holders can know their risk of holding credit. As credit is issued and redeemed an insurance fund automatically stabilizes the price of those credits within acceptable limits.
      • +
    +

    For a video explainer of some of these policies please visit: https://youtu.be/8Z0chJBibhY and see the graphic below:

    + +

    What does this all mean? While the above policies may sound complex, when imbued into the credits themselves (ala smart contracts), they enable something quite simple to happen. A tabletop banking group of 25 women in rural Kenya whom each save $1 a week and loan out those savings to their members now have the ability to leverage. Let’s say they put $100 into a reserve (which could be funded by donors) - at a target reserve ratio of 25% (based on a standard body as a requirement for humanitarian aid) they would create $400 of credit (with some reserve held in an insurance fund). This $400 of credit maintains its value of $400 as long as there is money going into reserve to match money leaving it. Group savings, and demand on the groups goods and services keep adding to the reserve while anyone holding that credit has a guarantee against the $100 reserve – meaning commercial businesses can accept the credit and pull out the National Currency they need to restock their supplies.

    +

    So far in 2019 using roughly $10,000 in reserve provided by DOEN.nl and minting $40,000 in credit we've seen $200,000 USD in 80,000 transactions for basic needs in undeserved Kenyan communities. We're excited to be piloting these concepts with the Red Cross and Sempo.ai in 2020 using Community Inclusion Currencies (see recent news). By exploring this space and enabling leverage we can open the door to truly decentralized financial services ( see white paper ). If credit can be safely issued by the people using that credit, we can truly change our world.

    +

    #leverage #fsp #banking #credit #microfinance #Yunnis #CIC #redcross #sempo

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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
    +
    + + + + \ No newline at end of file diff --git a/output/ending-our.html b/output/ending-our.html index 5de461d..1c7baf2 100644 --- a/output/ending-our.html +++ b/output/ending-our.html @@ -108,22 +108,15 @@

    How do our Community Currencies work?

    Existing assets and future capacity of cooperative businesses are identified and developed as the basis for a mutual-credit that is sustainably used for community service work.

    Our core staff, along with a network of CCDs, provide:

    -

    Our core staff, along with a network of CCDs, provide:

    -

    Our core staff, along with a network of CCDs, provide:

    -
    • Baseline and feasibility analysis services for budding communities, as well as assistance in monitoring and evaluation.
    • Certification of Community Currency Systems and Designers – assuring that they follow a high professional and ethical standard and perform regular financial auditing and renewal.
    • In-person support to impart practical success stories and co-design customized systems. We also provide printing and digital currency services through our partners. as well as This seems to be a different topic.
    • Capacity building for NGOs, local governments, communities and businesses to implement and manage a Community Currency.
    -

    With only six staff members, we are stretched thin! In Nairobi and Mombasa we have three employees each, a regional director, field officer and cooperative business developer, serving over 2,500 businesses AND providing support for certifying new CCDs. As demand for more local currencies and more CCDs continues to grow, we are not prepared and need your support.

    - +

    Where is Support Needed?

    -

    Where is Support Needed?

    -

    Where is Support Needed?

    -
    • Staffing:
    • Grant writing, marketing and communications staff
      • @@ -136,16 +129,10 @@
    • Development of training materials (curriculum, videos, methodological tools)
    • Further development of the community currencies in Kenya. We need more examples of Community Currency being used in Kenya with different populations. We wish to develop five more sites in urban, peri-urban and rural regions. In each region in Kenya we target thousands of small businesses and schools serving a greater community of tens of thousands in chronic need of stable markets and food security.
    -

    How Will We Get There?

    This year we managed to cover roughly 20% of our operating costs through consulting, training, certification and cooperative business development. In 2018 we are seeking to sustainability cover our costs through international CCD student fees and consulting programs. In order to do this we need your support.

    -

    This year we managed to cover roughly 20% of our operating costs through consulting, training, certification and cooperative business development. In 2018 we are seeking to sustainability cover our costs through international CCD student fees and consulting programs. In order to do this we need your support.

    -
    -support
    -

    #endyear #2017

    -
    -#endyear
    -

    #endyear

    +

    This year we managed to cover roughly 20% of our operating costs through consulting, training, certification and cooperative business development. In 2018 we are seeking to sustainability cover our costs through international CCD student fees and consulting programs. In order to do this we need your support.

    +

    #endyear

    diff --git a/output/faith-based.html b/output/faith-based.html index cc401ea..b29cfa1 100644 --- a/output/faith-based.html +++ b/output/faith-based.html @@ -103,46 +103,39 @@
    - +

    Due to economic instability, many people in the marginalized communities are short of money to pay for church offerings or even worse, to set up their local churches. Local churches that have begun to develop their own community currencies (Sarafu) in order to developed their church structures and pay offerings and even meet their basic needs. Sarafu has created a stable medium of exchange allowing them to support one another as individuals and also their church at large. Below are some of the examples:

    -

    AMK CHURCH

    +
    +

    AMK CHURCH

    The church (pictured above) is located in Mkanyeni village, Mtaa location, Bofu Sub-location in Kasemeni ward, Kwale County. It was started way back in 1990. The church was founded by Pastor Dzeha Nyanje as the community did not have any place of worship around by then. Being that they could not afford the construction money, the congregation resorted to worshiping under a tree every Sunday. In the year 2000, through the leadership of Pastor Dzeha Nyanje,the church decided to put up a temporary structure using mud.

    -
    -“The tree that provided us with the shade dried up and fell down and that's when we decided to build a temporary structure” Dzeha explains.
    +

    “The tree that provided us with the shade dried up and fell down and that's when we decided to build a temporary structure” Dzeha explains.

    At the height of the COVID-19 pandemic in 2020, Mkanyeni community was among the numerous communities that were empowered by Sarafu to build their own prospering economies. Pastor Dzeha Nyanye was one of the people that was trained on how to use the Community Inclusion Currency -a blockchain based voucher used to trade among community members when the national currency is scarce. Dzeha who is also a shopkeeper explains how Sarafu has impacted his community positively,

    -
    -”Sarafu has been a safe way of trade even during the pandemic since I no longer need to carry cash, it has also created job opportunities in my community since the youths and even those without businesses or jobs can now offer services to those registered in Sarafu and earn an income. My sales have also increased as the users that could not have afforded a product from my shop due to lack of the national currency, can now use Sarafu to top up the little they have and get a product from me. I have created a network in my community and I'm also able to get other products that I don’t have in my shop from other users in my network.”
    -

    It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon.”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members.

    -
    -It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon.”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members.
    -

    It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon.”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members.

    +

    ”Sarafu has been a safe way of trade even during the pandemic since I no longer need to carry cash, it has also created job opportunities in my community since the youths and even those without businesses or jobs can now offer services to those registered in Sarafu and earn an income. My sales have also increased as the users that could not have afforded a product from my shop due to lack of the national currency, can now use Sarafu to top up the little they have and get a product from me. I have created a network in my community and I'm also able to get other products that I don’t have in my shop from other users in my network.”

    +

    It is during this time that Dzeha saw an opportunity to develop his church. He quickly shared this concept with his congregation and they equally liked and received the concept well. They were happy and optimistic about building their church through Sarafu. They contributed Sarafu jointly and bought the building materials like sand, cement. metals, water and stones. They were able to pay the people that would work on the site in Sarafu and those people with Sarafu could pay tithings and local goods and services from the congregation. Their church is not yet done but they are grateful that Sarafu was introduced in their community. They are hoping to complete their roofing soon. ”We are grateful to Sarafu because through it, my community got empowered and as a church in particular, we've made tremendous developments.” Said Elizabeth Chari, one of the church members.

    AMK church’s new permanent construction.

    A congregation that consists of 48 members are now able to worship in a conducive environment. They are glad that they can now easily give in their church offerings every Sunday using Sarafu as this was initially a challenge since the national currency was scarce. Being that they worship together, they’ve formed a sustainable economy and network where they support each other by exchanging goods and services using Sarafu during their normal days. They are therefore growing their local economy as well as receiving basic needs like food, water, transportation among other needs.

    -

    ST. REGINA SEGERE LEGIO MARIA

    +
    +
    +

    ST. REGINA SEGERE LEGIO MARIA

    The church is located in Ouru village, Alego Usonga Constituency in Siaya County. The church was started in 1973. The church has a congregation of around 50 members pictured above. Apart from worshiping and praying together, they support the youths, orphans, widows, the physically challenged and the mentally challenged persons within their community. They’ve been using part of their tithes and offerings to run this course. They’ve also been mobilizing well wishers to attend harambes (community support offerings) after which they would use the funds raised to cater for the needs of the school going orphans under their custody.

    When Emmaculate Onyango, one of the founders of Bangla-Pesa visited the church and enlightened them on the importance of the Community Inclusion Currencies (CICs), the church embraced the concept and created time for training. They grasped every aspect of how it works and 40 of them were then registered to the system. This group has been able to play a major role in their community as they’ve also registered other members within their local markets hence creating a big sustainable network of trade. Above you can see the church members buying locally made candles in Sarafu.

    They were lucky enough to also get empowered and trained on Syntropic Agroforestry through the Shamba ya Jamii program -a regenerative agriculture technique that provides a long term food forests. They’ve then started up their farm that they run and maintain using Sarafu. They’ve been able to source for local farm inputs and seeds and also pay labourers who work on their farms daily using Sarafu. Their farm is doing well and they are hopeful that in two weeks time, they will have their first harvest of vegetables.

    -

    Speaking to Christabell- a selfless hardworking lady in her mid twenties, she gladly explains how great Sarafu has improved their livelihood, "It was hard feeding the big number of the vulnerable persons that we have under our care since the offerings that we use for the same weren't enough or rather sustainable. Since we started using Sarafu, the burden is lighter. We are able to source food from the nearby market since we also registered them in Sarafu. The youths are also empowered and can now offer services to different users and get paid in Sarafu. We receive more offerings than before and we use the same to cater for basic needs. We are also working hard in our farms and we are looking forward to good harvest that we will also sell in Sarafu”

    -
    -Speaking to Christabell- a selfless hardworking lady in her mid twenties, she gladly explains how great Sarafu has improved their livelihood, "It was hard feeding the big number of the vulnerable persons that we have under our care since the offerings that we use for the same weren't enough or rather sustainable. Since we started using Sarafu, the burden is lighter. We are able to source food from the nearby market since we also registered them in Sarafu. The youths are also empowered and can now offer services to different users and get paid in Sarafu. We receive more offerings than before and we use the same to cater for basic needs. We are also working hard in our farms and we are looking forward to good harvest that we will also sell in Sarafu”
    +

    Speaking to Christabell- a selfless hardworking lady in her mid twenties, she gladly explains how great Sarafu has improved their livelihood, "It was hard feeding the big number of the vulnerable persons that we have under our care since the offerings that we use for the same weren't enough or rather sustainable. Since we started using Sarafu, the burden is lighter. We are able to source food from the nearby market since we also registered them in Sarafu. The youths are also empowered and can now offer services to different users and get paid in Sarafu. We receive more offerings than before and we use the same to cater for basic needs. We are also working hard in our farms and we are looking forward to good harvest that we will also sell in Sarafu”

    Church members working on their farm.

    -

    Pastors Network Nairobi

    +
    +
    +

    Pastors Network Nairobi

    This is a group of around 36 members from different denominations within the 30 counties out of the 47 counties in Kenya who came up with a vision to develop local churches, teach the good news, support the vulnerable persons in their community and reach out to the elderly within their communities. They usually contribute from their pockets to run their course. They have been experiencing financial challenges as sometimes they also lack the money to give into the kitty.

    -

    When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.

    -
    -When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.
    -

    When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.

    -
    -When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.
    -

    When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.

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    When Sarafu was introduced to their community, they felt that the concept would help them fill the gaps in their quest to support the vulnerable households in their different communities. They were trained on how to use the Community Inclusion Currencies(CIC) after which they were registered. They joined the many other communities that have been empowered to prosper their own economies. They were able to get basic needs through exchanging goods and services in Sarafu. The pastor Network Group joined hands and registered all the people under their course. “Since we started using Sarafu, I have never slept hungry as I can easily get food from my network. Before Sarafu, I could only manage to get one meal a day. I’m looking forward to making my network bigger to help me get more products. We also use Sarafu in our churches to pay tithes and offerings.” Said Mary, the group's treasurer. Members of Pastors Network (pictured above) group ready to visit a number of vulnerable households.

    The vulnerable people that they take care of have since been able to buy food, water and pay for their transportation using Sarafu. The burden is now lighter to the group as they only provide other needs like education and medical needs to them. They are planning to start up projects -bee keeping and farming that they will run and maintain using Sarafu. The main goal of the projects is to get more funds to help the vulnerable people and to create job opportunities within their communities.

    We continue to drum up the importance of communities building their own economies through using the Community Inclusion Currencies that would hence enable them to exchange goods and services and maintain and run projects and businesses without waiting on the national currency that is mostly scarce especially in the marginalized communities. The churches are therefore not left behind as they are enabled to run their activities and support different peoples under their care through the use of Sarafu.

    Written by:

    Otieno Akinyi Janet

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    Having worked on a myriad farming techniques, I’ve never been more inspired by the practicality and theory behind Syntropic Agroforestry. Regenerating soil while practically providing crops and long term food forests is actually possible!

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    We’ve had the pleasure of hosting Roland van Reenen from Curacao and sent to us by Curadao.

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    We’ve had the pleasure of hosting Roland van Reenen from Curacao and sent to us by Curadao.

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    -Curadao
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    We’ve had the pleasure of hosting Roland van Reenen from Curacao and sent to us by Curadao.

    He is convinced that food forestry via Syntropic Agroforestry will solve most of our fundamental crises and works with the government of Curacao on regenerative organic agriculture programs. Above you can see a group of Kenyan farmers taught agroforestry by Roland, who are also using Community Inclusion Currencies (CICs) here in Kenya to fund themselves to develop the food forest. If these few demo plots produce as much food as similar plots in Curacao (a drought stricken island with only half the annual rainfall of Kenya), we will have a grassroots revolution underway.

    Some core syntropic principals:

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    • Ensure Soil is covered: so that water and nutrients don’t evaporate and that roots and mycorrhizal fungi can absorb and move around those nutrients. (Don’t even step on bare soil).
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    • Maximize Photosynthesis: plants requiring different amounts of sunlight can be planted above, below and around each other to ensure that sunlight isn’t wasted on the soil and at least twice the amount of energy can be consumed by plants.
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    • Succession: Ensure that there is a clear succession of plants. E.g. As a cassava grows it can give shelter to a fruit tree.
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    • Stratification – Fill each layer of vegetation and maintain diversity for system health. Space (stratification) has to be harmonized over time (life cycle), respecting the successional steps within each of the systems
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    • Management – Keeping balance, reducing excess growth.
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    • Ensure Soil is covered: so that water and nutrients don’t evaporate and that roots and mycorrhizal fungi can absorb and move around those nutrients. (Don’t even step on bare soil).
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    • Maximize Photosynthesis: plants requiring different amounts of sunlight can be planted above, below and around each other to ensure that sunlight isn’t wasted on the soil and at least twice the amount of energy can be consumed by plants.
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    • Succession: Ensure that there is a clear succession of plants. E.g. As a cassava grows it can give shelter to a fruit tree.
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    • Stratification – Fill each layer of vegetation and maintain diversity for system health. Space (stratification) has to be harmonized over time (life cycle), respecting the successional steps within each of the systems
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    • Management – Keeping balance, reducing excess growth.
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    Using community currency to budget for the creation and maintenance of food forests seems as natural as the syntropic principals themselves. Indeed the circulation of community currency mirrors the concepts of mycorrhizal association and hyphal networks. “In some more complex relationships, mycorrhizal fungi do not just collect immobilized soil nutrients, but connect individual plants together by mycorrhizal networks that transport water, carbon, and other nutrients directly from plant to plant through underground hyphal networks.”

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    Using community currency to budget for the creation and maintenance of food forests seems as natural as the syntropic principals themselves. Indeed the circulation of community currency mirrors the concepts of mycorrhizal association and hyphal networks. “In some more complex relationships, mycorrhizal fungi do not just collect immobilized soil nutrients, but connect individual plants together by mycorrhizal networks that transport water, carbon, and other nutrients directly from plant to plant through underground hyphal networks.”

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    Using community currency to budget for the creation and maintenance of food forests seems as natural as the syntropic principals themselves. Indeed the circulation of community currency mirrors the concepts of mycorrhizal association and hyphal networks. “In some more complex relationships, mycorrhizal fungi do not just collect immobilized soil nutrients, but connect individual plants together by mycorrhizal networks that transport water, carbon, and other nutrients directly from plant to plant through underground hyphal networks.”

    In this sense CICs connected through membranes (bonding curves) enable communities to transport vital resources. Further a CIC is a voucher for a particular group of resources identified by a village. One can hardly think of a better source of primary production than the food from a food forest being the anchor (backing of last resort) for a community currency.

    Syntropic Agroforestry is the best candidate I have seen for regenerating rich soil, and developing sustainable fertile crops in a way that can be integrated into traditional farming here in Kenya. This could be the carbon sequestration, water harvesting and food system we need to heal our ecosystems. I’m excited that community inclusion currencies could be the way to both fund their development, maintenance – but also that these food forests establish a solid basis for the intrinsic value for currencies.

    We don’t have to stretch far at all to apply syntropic principals to a community currency and networks of community currencies. Syntropic principals loosely applied to community currency:

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    • Ensure basic needs are covered: Using anything but community currency for basic needs creates a dependency on foreign currencies or aid.
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    • Maximize resources: The benefits of foreign and local resources are best consumed by an entire supply chain in order to produce local productive capacity. Ensure a community currency is being utilized by each level of production, services and value addition.
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    • Succession: Ensure that there is a clear succession of community currency utilization. We often call this braiding: as the usage for CC among trade for food, moves into education, and haircuts and so on.
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    • Stratification: Ensure a diversity of usages for Community Currency - any gaps in diversity can lead toward extraction of local resources and eventual stagnation..
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    • Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. When CC accumulates and stops flowing or dissipates into another ecosystems, management is key to regain healthy flow.
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    • Ensure basic needs are covered: Using anything but community currency for basic needs creates a dependency on foreign currencies or aid.
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    • Maximize resources: The benefits of foreign and local resources are best consumed by an entire supply chain in order to produce local productive capacity. Ensure a community currency is being utilized by each level of production, services and value addition.
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    • Succession: Ensure that there is a clear succession of community currency utilization. We often call this braiding: as the usage for CC among trade for food, moves into education, and haircuts and so on.
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    • Stratification: Ensure a diversity of usages for Community Currency - any gaps in diversity can lead toward extraction of local resources and eventual stagnation..
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    • Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever. When CC accumulates and stops flowing or dissipates into another ecosystems, management is key to regain healthy flow.
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    In the above diagram, a community inclusion currency issued (1) based on needed inputs and labor for a food forest and circulates locally among diverse local users and (3) can be redeemed for the food produced. These food forest based currencies can hold a common reserve (4) which limits their growth and (5) allows them to connect to other communities.

    We're excited to be adding this key component to anchor the flow of rural community currencies - and for what it may mean for food security and environmental restoration! Very appreciative to Roland and Curadao for spreading these systems far and wide!

    Here is a simple illustrated handbook for Syntropic Agroforestry

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    diff --git a/output/foundational-member.html b/output/foundational-member.html index 35b393e..37a0eee 100644 --- a/output/foundational-member.html +++ b/output/foundational-member.html @@ -97,7 +97,7 @@
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    It is sad to announce the sudden death of Dominic Okello (in the middle) who passed on early May 2017. He is a resident of Bangladesh community and also an active community currency member. He has been trading with Sarafu Credit since he joined the network in 2013 and has been a great inspiration to other members of the BN and through his stories he was able to entice others to join the BN.

    The two BN in Mombasa (Ng’ombeni and Bangla) have come together to support the family of the late.

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    Since several generations the family of Francis has been living in the same neighborhood of Nairobi, Gatina (Part of Kwangware). Gatina, which means in Kikuyu “people that are behind”, is one of the biggest slums of the city. Basic public utilities, such as electricity, roads and sanitation are here deficient. For a living people are doing precarious daily jobs or when they have the opportunity they start their own informal business on the side of the road. That is what did Francis,5 years ago. At the age of 25, not having enough money to go to university he started selling sweets. After years of efforts, he was finally able to open a little shop and called it, as the bill board on its roof says, “Millionaire base”. Since then, to answer his basic needs and the ones of his wife and daughter, Francis works from 6am to 9pm, 7 days a week. But the business isn’t good all year through. When comes the end of the months, Kenyan Shillings become scarce and trade decreases. Moreover, during the rainy season, because of the poor water draining system, floods are more than common and trade becomes nearly impossible.

    After hearing of the Bangla-Pesa program Nyendo-lernen, a German NGO that works with schools in Kawangware, invited us to introduce the concept to the Gatina community. When Francis first heard about the success of Bangla-Pesa in Mombasa and the project of bringing it to Gatina, he was convinced and took part in the introduction of the idea to the community. Few months later we, together with the community, started the program. Gatina-Pesa was launched and Francis became the vice chairman and member of the Gatina Business Organization as did nearly 100 other businesses, schools and churches within the area. Every day, a part of his trade with the other members of the network happens through Gatina-Pesa. The members can now buy his products, even when they don’t have enough Kenyan Shilling by topping up with Gatina-Pesa. As a result, his number of costumers and daily revenue increased. The same happened with the costumers belonging to the network. Indeed, as he put it “You buy in my shop, I buy in your shop”. According to him, this daily interaction with the members also made his shop famous among the community.

    Every day, he usually receives 200 Gatina-Pesa (2$) from the members. But at the end of the months, when the Kenyan shillings are becoming scarce, the part of trade in Gatina Pesa increases and Francis get as much as 300 Gatina-Pesa a day.

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    + From Mustard Seeds to Food Forests: A Regenerative Journey +

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    We've been blessed by an opportunity from Mustard Seed Trust to support 50 acres of Syntropic Agriculture paired with Community Currencies in Kenya. We are learning from 50 community groups that use a community currency to sell produce and pay for the labor intensive setup, inputs and maintenance of one acre community farms (Shamba ya Jamii). The Shamba ya Jamii design was imported from Curadao (thanks to Curadao) and contextualized by Roland Van Reenen and James Thiong'o and hundreds of local farmers.

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    "Regenerative agricultural techniques/tools have the potential to feed an entire nation without the political and social-economic strains that farmers currently undergo. We’re encouraging local community groups in the arid and semi-arid coastal regions to join the Shamba ya Jamii (Community Carm) Movement so as to build a sustainable ecological and economic future. " - Isavary Khabuqwi

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    Below are a few inspiring excerpts of what has been accomplished so far by Grassroots Economics' support engineers in rural Nyanza, Kwale and Kakuma Refugee Camp, Watamu, Kilifi as well as urban Nairobi

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    Syntropic Siaya by Janet Akinyi

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    The destruction and loss of indigenous ecosystems is a major challenge affecting areas across the Lake Victoria Region and the drought stricken areas in Kenya. The Nyalgunga Farmers Group and Kwe Kende Group in Nyalgunga Village, North Alego ward, Alego Usonga Constituency, Siaya County are among the privileged groups across Kenya that have been trained and empowered on Syntropic Agroforestry- a system that regenerates soil and provides long term food forest.

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    Syntropic agroforestry is all about creating resilient food producing ecosystems. An holistic worldview in which pests or diseases are seen as agents of the department of optimization of life processes and therefore part of the ecosystem. It discourages the usual practice of mono cropping of maize or beans which has been a norm in these areas to a food forest filled with different indigenous crops and fruit trees by placing the elements that will change the place in a cool,green and lush food producing oasis. It helps in regenerating soil and developing sustainable fertile crops.

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    This system involves planting of different types of crops and fruit trees separated in treelines, paths, vegetable beds and biomass beds. The following guiding principles are encouraged in Syntropic Agroforestry: Mulching, Maximizing photosynthesis (layering plants and dense inter-cropping), Good management and Plants succession. Sarafu poster and placard in one of the farms.

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    The two groups from Siaya, having been trained in January 2021, are excited by how well their crops are currently doing. The community uses Community Inclusion Currency (CIC) to maintain and develop their farms among other uses that include covering their basic needs, maximizing resources and braiding as users trade in food, services, medical needs, education among other needs are grateful that this system was introduced to them.

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    +They’ve had two harvests since the set up of their farms. The good thing about Syntropic agroforestry is that it guarantees sustainable harvests from a few weeks through to at least 20-30 years without tilling and with low maintenance. They are therefore sure of sustainable food production in their community. This not only has a positive impact on the members of these two groups but also to the community at large. They are no longer worried about vegetables as they can easily get them from their farms.
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    Healthy organic Kales ready for harvesting.

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    The community members have started harvesting food from their farms that they are able to buy and sell using Sarafu (community Currency). Other community members who are not part of these two groups but are using Community Inclusion Currency are also able to buy food from the two farms.

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    Syntropic Kwale by Amina Godana

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    8 years ago the World Food Program had initiated a project in Kwale County that is PRRO (Protracted Relief Recovery Operation which was aimed for asset creation in the region under Kenyan Red Cross who were the implementing partners. They had different activities,

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    1. Excavation of water pans
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    2. Agriculture
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    3. Fish ponds
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    4. Goat pens.
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    In the agriculture sector they had introduced sunken beds where they planted vegetables which was not quite easy to set up and also during high rainfall it was quite a challenge because it flooded and ruined the plants.

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    This whole project was however short lived this was because the community members did not own the project since they were mostly focused on the cash that they were receiving, this made them dependent on it and forgot about the project. So when the cash ended so did most of the program.

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    The best thing about practicing Syntropic Agroforestry is that everything in the farm is useful.

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    • Some weeds keep off pests and diseases.
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    • Companion planting of plants which are beneficial to each other optimises the use of space,sunlight and nutrient cycle.
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    • Permanent soil cover with mulch prevents soil erosion and provides nutrients for the plants when they decay.
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    • Pruning the matured plants increases the amount of sunlight for other plants.
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    Migunani A, Madewani, Yowani and Chikole are some of the many chamas in Kwale County that have embraced the new form of farming. It's a new concept in the area which makes them so eager to see if it actually works. Food insecurity in the area was the main reason as to why they wholeheartedly embraced the syntropic agroforestry this is because it involves planting of different types of crops on the same piece of land being that some crops mature earlier than others this means they will be harvesting almost all the time and do replanting the issue of lack of food will be sorted!

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    Members of the mentioned chamas received soil quality testing, training and constant visits by the field officers to ensure they do not have any problems in regards to the farming.The main aim of practicing syntropic agroforestry in the area is to help, educate, feed and regenerate the soil for the next generation.

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    Simba Ndoro works on Chikole farm and is paid using Sarafu. This is hard work and no one has enough Kenyan Shillings to pay Simba or the thousands of other farmers to regernate the soil. They can fund themselves!

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    Simba Ndoro Simba is a member of Chikole group who works on the shamba ya jamii four days a week and gets paid 200 per day a total of 800 sarafu. He uses the Sarafu to buy fish from Nzadze Bora and also makes his weekly savings in his chama. He is grateful for the introduction of the syntropic agroforestry it has created a source of income for him during this difficult time and also has easen saving in the chama which is used to support other projects.

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    Shadrack Tsuma a member of madewani group works on the farm and gets paid 300 sarafu a day. He normally spends his Sarafu on Rutuba Mwanzije by buying groceries from him and in turn Rutuba buys shoes from him using sarafu. Rutuba Mwanzije also spends sarafu that he gets from working on the shamba ya jamii to buy his groceries from Abubakar Mwero who is a farmer.

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    Rutuba Mwanzije at his grocery kiosk.

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    Miyani Fdp which is run by the field officers in kinango county was the first demo farm to be setup this was to serve as a trial in the area and see if the practice is possible and this has gave the other chamas in the same area the positivity in practising the same. The chama sells its produce to the people around miyani and also pays its workers using sarafu.

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    Members buying first produce from their farm.

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    Syntropic Kakuma Refugee Camp by Marcelin Petro

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    FARMING AND HEALTH EDUCATION is a community based organization that deal with agroforestry and Sarafu (community Currency) in Kakuma refugee camp with the aim of eradicating hanger in kakuma refugee camp. More than 206,458 refugee are living in Kakuma refugee camp (on average more than 10 years) that are divided into 15 nationalities. A great number of people (refugees) are depending on the World Food Program (WFP) to be supported by being getting food at the 3 distribution centers in each and every month. Due to the high number of population, some do miss there food. WFP has manage to give ration cards to each refugee for better accounting, this means that when you lose your rational card you lose your monthly food and stay without food until the other coming month.

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    From WFP each family can get one and some type of grain every month (3kg to 4kg) and 1litter of cooking oil. Through LWF and WORLD VISION are also helping us by doing the provision of that food. We have more than 5,000 malnutrition children and malnourished pregnant mothers who are more affected in Kakuma refugee camp. Due to this, Farming and Healthy Education community based organization is working with Syntropic Agroforestry and COmmunity CUrrency (Sarafu) to full this gap by teaching and growing our own fresh food in Kakuma refugee camp!

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    Instead of waiting to be given food at the end of the month it's better to plant even just a kitchen gardens for the families while waiting for the monthly food distribution <instead of giving money better you teach me how to make our own money>.

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    Here I am proudly buying local food with local currency and not waiting for WFP handouts.

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    Urban Gardens in Nairobi by Sylvia Karanja

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    Joyce is a Mother of 3, she has a beadwork shop in Kamongo, Mukuru Kayaba, Nairobi. She’s one of many in Kayaba slum that understands the hustle and bustle of urban life to afford a daily meal. For the love of her community in terms of empowerment, she has worked with many projects through Red Cross as a community volunteer. This has helped her in gaining trust with community members and act as a role model to many.

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    With as many of the projects she has worked with, Joyce joined Sarafu network in 2019 and since then she has created a trading network and enrolled her community members in the network to boost their economy. Her group is one of the beneficiaries that have received training and materials for the Urban Farming project. She tells her story of how they moved to Kayaba in the 1980s, when her mother was looking for a job. The mother got a space to put up a small restaurant where she could sell food to those who worked in the industries then. Since she was used to farming back at the village, she later saw an opportunity of an empty space that used to be a railway gauge and it was not in use. She decided to get a permit from the mayor and till now she does farming on that space. That's how Joyce learnt and grew her passion in farming.

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    Given the opportunity they received as a group from Grassroots Economics,this Farming project has given her and the group members new skills that they could utilize small spaces they have and provide food for their families.

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    James Thiong'o, Joyce and myself (Sylvia Karanja shown below)

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    Syntropic Watamu, Kilifi by Emmanuel Mbui

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    Now, in another new community, Gede, Watamu Community, through Mohamed, a farmer in Gede who introduced Sarafu credit to his Group;(Watamu Reef Welfare Group). Apart from benefiting from circulating community currency, their neighbours are also going to enjoy the syntropic farm products.

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    Watamu Reef Welfare Group trained on the Syntropic agriculture at their Shamba.

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    Members of the Watamu Reef Welfare Group are planting fruits trees in the prepared land. They also have the footpath done in coconuts husks. A few crops have been planted as they wait for others to be transplanted from their seedbed.

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    Syntropic Kilifi by Isavary Khabuqwi

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    Sue's farm is the epitome of Syntropic Agroforestry in Kilifi County with a full drip irrigation system. It is through this initiative that we are looking at a future where everyone can access food through the acceptance of community driven basic income, as the produce from the farm is being sold in Sarafu to the local market.

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    The purpose of this ‘Shamba ya Jamii’ is to help teach and feed our neighbors and community and regenerate soil for future generations. Mulching (growing grasses and cutting them), and intensive mixed planting can make our soil more productive and healthy. With the help of our permaculture expert James Thion’go, the farm is designed in a way that creates a favorable environmental conditions for the chosen crops that include tomatoes, pigweed (better known as kunde), okra, eggplants, capsicum and mchicha. These chosen sets of vegetables have the advantage of taking only up to 3 months before harvesting and they don’t need irrigation all year round.

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    According to our beloved and passionate Kilifi Agronomist Eck Volkmann, "When getting into farming keep in mind that in 3 years it is guaranteed that your crops will be destroyed due to a drought and/or flooding, but with proper farming techniques, consistency in planning, and willingness to experiment any farm can keep feeding generations to come." Some of the farming tips that our discussions yielded included the fact that basil can be grown in the same bed as tomatoes to help manage pests. They grow like weeds and their oil and intense scent helps deter common pests. Eck is also supplying Sue's farm with amazing Biochar!

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    Emmanuel Kahindi is the farm manager as Sue's and is also teaching other groups how to do the same while selling produce using Community Currency - pictured here at Distant Relatives ' May Fair.

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    Sue’s farm is looking to upgrade its production capacity by adding more crop options such as watermelon and basil following soil analysis. One of the project members plans to donate basil seeds from Muzambara mountains in Tanzania as a way of trying out new varieties.

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    I hope you are inspired to setup your own Shamba Ya Jamii!

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    After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong. The community had an Annual General Meeting, followed by a volleyball match and trash cleanup last week. The team also interviewed a cobbler who has been using Bangla-Pesa for nearly two years never stopping even when the program was under assault in mid 2013.

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    After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong. The community had an Annual General Meeting, followed by a volleyball match and trash cleanup last week. The team also interviewed a cobbler who has been using Bangla-Pesa for nearly two years never stopping even when the program was under assault in mid 2013.

    Gatina-Pesa continues to pick up steam spreading out from schools in Nairobi's Kawangware informal settlement. This video was created by Nyendo-lernen to explain why the currency was needed and how it works today.

    Lots of new and exciting things are on the horizon set to launch in 2015, if we get the right support! New Currencies in Nairobi and Mombasa counties, as well as more in South African Municipalities.

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    Love School is one of the schools that has enabled children to acquire education by allowing them to pay part of their school fees and tuition fees using Community Currency (Sarafu-Credit, Gatina pesa).The school is located in Congo,Gatina.

    30 students are proud and happy to be able to pay their fees using community Currency. The total fees per student per term is Ksh 1,000( ksh 900 + Sc 100) and tuition fees is Ksh 30( Ksh 20 + Sc 10). The teachers do receive Sarafu-Credit as part of their salaries in advance. They use the Sarafu-Credit in exchange or purchase food from vendors in the network or alternatively purchase goods from the Sarafu Shop.

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

    Economy: By increasing trade and decreasing unemployment in the area.

    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

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    Education: Through helping pay for school fees

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    Environment: By helping to pay for youth centered environmental programs like waste collection and preventing flooding.

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    Economy: By increasing trade and decreasing unemployment in the area.

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    Community: By supporting community services and increasing interconnectivity of people.

    South Africa wants Bangla-Pesa!

    Koru's own Will Ruddick was invited to South Africa to teach a group formed by Meshfieldabout our experiences working with Community Currencies in Kenya. The Meshfield team has brought together the University of Cape Town, local municipalities and the SA Treasury to spearhead a Community currency program in two municipalities of South Africa. We're really exited to see this sort of coalition between government and universities supporting these important programs.

    John Ziniades from Meshfield and Will Ruddick also got to meet with Tim Jenkin the founder of CES and a global leader in the Complementary Currency movement.

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    #bangl #gatina #SouthAfrica

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    #bangl #gatina #SouthAfrica

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    #bangl

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    #gatina

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    #SouthAfrica

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    #bangla #gatina #SouthAfrica

    diff --git a/output/gatina-pesa-launch.html b/output/gatina-pesa-launch.html index 833e6df..d2142e4 100644 --- a/output/gatina-pesa-launch.html +++ b/output/gatina-pesa-launch.html @@ -99,17 +99,7 @@

    The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the community are preparing songs and dances while a group of local youth are preparing dramas. Gatina-Pesa membership has surpassed an initial 100 local prosumers including: schools, baby care centers, beans, spices, shoes, internet cafes, clothes, barbers, salons, flour, tailors, fruit, vegetables, soap, entertainment, cooked foods, photography, fish, charcoal, electronic repairs, and more. Each local good and service provider must also be a local buyer of goods and services and backed by four other community members.

    After a wonderful design process with local students in Kenya and Nyendo-lernen as well as the Cheimgauer in Germany the Gatina-Pesa have been printed and are on their way to Kenya. Hopes are high and there is a strong commitment to seeing this program take off.

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    #bangla #gatina #nairobi

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    #bangla #gatina #nairobi

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    #bangla

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    #gatina

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    #nairobi

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    #bangla #gatina #nairobi

    diff --git a/output/gatina-pesa-launched.html b/output/gatina-pesa-launched.html index cb1a461..d49d021 100644 --- a/output/gatina-pesa-launched.html +++ b/output/gatina-pesa-launched.html @@ -97,7 +97,7 @@
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    With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized around their own Community Currency Gatina-Pesa. Hon. Simba Arati, the area Minister of Parliament, officially cut the ribbon and launched the program. With an 107 initial registrations from local businesses the Gatina community has a strong start.

    Thanks so much to all those who supported the Indiegogo Campaign as well as Nyendo-lernen and the Chiemgauer from Germany for supporting this program, as well as so many others. What is different? People at a grassroots level are able to create, back-up and issue their own currency supported with their own goods and services.

    diff --git a/output/gatina-pesa-starting.html b/output/gatina-pesa-starting.html index 05fc134..48eeee0 100644 --- a/output/gatina-pesa-starting.html +++ b/output/gatina-pesa-starting.html @@ -100,9 +100,7 @@

    Nairobi's first community currency Gatina-Pesa, following Bangla-Pesa's success has started circulation with vigor. Due to its dense population and size the area of Nairobi's Kawangware is really showing potential as an alternative trading hub.

    Each day more and more small business owners are able to trade with each other even when they don't have 'money'. This program grew out of schools like Sifa Children's Center who are accepting Gatina-Pesa for their tuition. In one virtuous circle - parents can pay for part of their children's school fee; teachers then make better and more stable salaries; teachers use the Gatina-Pesa to buy goods and services from the parents in the community and the parents use the funds for tuition again.

    Will Ruddick can be seen on the right giving a seminar at the University of Nairobi, with the hope that more research will focus on these alternative financial programs.

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    #gatina

    diff --git a/output/grassroots-economics.html b/output/grassroots-economics.html index db4bed9..d733ab8 100644 --- a/output/grassroots-economics.html +++ b/output/grassroots-economics.html @@ -107,16 +107,13 @@
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    When I was 9 years old, my mother came home one day with a monopoly board game. It was the beginning of the March holidays and she wanted to provide us with an alternative activity to watching cartoons. Every day after that, my brother and I would insistently play game after game; holding on to our colourful money as if our future depended on it. Like all children, we eventually lost interest in the game. However, the colorful currency notes then became our most valuable asset. We used it as a means of exchange to incentivize each other to do each other's chores, as a rental fee to play with shared toys and even for buying candy off each other. We lived in the middle of rural Kenya, with almost no neighbours or shops, we therefore had no access to national currency. We clearly understood however, that currency (even play money) is merely a medium of exchange; with its value being determined by the users; namely us.

    Sarafu the pioneering Community Inclusion Currency (CIC) in Kenya, is not so different from the monopoly money my sibling and I used all those years ago. Vulnerable households and communities have no access to credit due to a cycle of poverty that has systematically excluded them from the economy. “Hand a man a fish, he eats for the day, teach him to fish, and he can eat for a lifetime” CIC aims to include the untapped markets who desperately need goods and services yet lack the capacity to pay for them. By including them in the economy, not only do they become empowered, they are given an opportunity to actively participate in value creation and change their lives. The work of Grassroots Economics has not gotten the attention it deserves from national and regional governments as well as partners in finance and technology spaces. I seek to put an end to that and make sure that field tested best practices and open source technology spread wide and far to heal our society and planet.

    When I was studying Fintech disruptions in traditional finance systems at Oxford, I decided to start my course by asking the question, ‘How does money affect social order and why is money necessary at all’. CICs are seen as radical reforms to broken systems, they are however, a proven working alternative that is demonstrating a major impact on the power distribution in the local economy. I am eager to measure the impact and get firsthand grassroot evidence on its successes and failures. With a long term multiplier effect of more than 21 times traditional donor aid assistance, this intervention seems to do what donor aid has failed to in the past, create self sufficiency and self reliance. Most importantly we need all hands on deck focused on education and regenerative agriculture programs across the planet and we need a financial system to finance this, create sustainable economies and fair distribution of our common resources.

    In 2015, I attended a KIICO conference on trade and development. My angle, to understand the Kenyan economy and the government policies in place to promote technology in Finance. I carried a journal with me, a notepad that I scribbled names in that I should research later. Grassroots Economics was on that list, along with other NGOs and organizations that were on a difficult mission to create a circular economy. In 2020, after five years of working in the humanitarian space, I met Will Ruddick, adamant on wealth redistribution and regenerative economics and began advising the organization.

    It is an honor to work as a Director along with Will and the Grassroots Economics team in their endeavor to rebalance the inequalities existing in our current economy and empower those who are most in need. To tackle today’s challenges, we need not only new solutions, but new methods at arriving at solutions. Data and data science will be at the forefront at meeting these challenges and to social innovation, humanitarian aid and international development.

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    -Shaila is an ocean loving global citizen trained in disruptive Financial systems, she has a keen interest in transformative agriculture and conservation. Her love for science and children led her to create a beginner science lab kit that she aims to launch in primary schools countrywide alongside an activity booklet called “The science of life”. She has held various roles in International organizations and private organizations from business development to analyst roles, all of which revolved around developing alternative financial systems and sustainability. You can find out more information about her here. -Shaila is an ocean loving global citizen trained in disruptive Financial systems, she has a keen interest in transformative agriculture and conservation. Her love for science and children led her to create a beginner science lab kit that she aims to launch in primary schools countrywide alongside an activity booklet called “The science of life”. She has held various roles in International organizations and private organizations from business development to analyst roles, all of which revolved around developing alternative financial systems and sustainability. You can find out more information about her here. -here
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    Shaila is an ocean loving global citizen trained in disruptive Financial systems, she has a keen interest in transformative agriculture and conservation. Her love for science and children led her to create a beginner science lab kit that she aims to launch in primary schools countrywide alongside an activity booklet called “The science of life”. She has held various roles in International organizations and private organizations from business development to analyst roles, all of which revolved around developing alternative financial systems and sustainability. You can find out more information about her here.

    diff --git a/output/gre-for.html b/output/gre-for.html index f43a5e0..e9e444b 100644 --- a/output/gre-for.html +++ b/output/gre-for.html @@ -101,13 +101,9 @@
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    To be perfectly honest, which isn’t necessarily considered a virtue in the blockchain space, Grassroots Economics is my absolute favorite community currency project on the face of the earth and I couldn’t be more excited to join as an advisor. Some people might not know that there are thousands of community and complementary currencies out there. As a money-alternatives activist, cypherpunk, and digital democracy expert, I have the opportunity to speak to and advise quite a few community currency projects—but Grassroots Economics has a special place in my heart so it’s with great joy that I accepted Will & Shaila’s invitation to join the board.

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    For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry.

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    For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry.

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    For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry.

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    -LinkedIn Odysee
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    For those who aren’t familiar with my work, you can find more about me on LinkedIn and on my Odysee channels. I host a regular open weekly meeting on these topics and teach a workshop on rethinking our financial and governmental systems. My place in the industry is somewhat of a contrarian. I maintain a long memory of unsuccessful startups, failed cryptocurrency projects, and ideas that didn’t hold up in the real world. Founders love talking to me because I can point to flaws in their thinking, connect them with people who’ve tried similar thing, and give them examples of what has and hasn’t worked in their industry.

    What I can’t do is point to a lot of long-term success stories.

    That’s what I love about GRE. Say what you want, but Grassroots Economics has run successful deployment after successful deployment. The team applies what works from each project to the next project. They change the underlying tech when they find something better. I’ve never seen such a fast-moving and flexible team or such brilliance at execution, year after year. What I love about Grassroots Economics is that it’s never about what the (genius) founder thinks. It’s always about what works and what doesn’t work on the ground.

    That’s why GRE has tens of thousands of users and other projects fade after months or years. That’s why even I can’t maintain my contrarian attitude in conversation with Shaila, Will and their team. They aren’t working in a laboratory—they are on the ground, making a profound difference in the places that need it most—not flying around to conferences, talking about banking the unbanked, making fancy presentations or speculating on the future price of their tokens. There’s only one thing that matters at Grassroots Economics: creating currencies that improve the economic situation of the people who use them.

    diff --git a/output/growing-up.html b/output/growing-up.html index 7c26fa2..5fe4e57 100644 --- a/output/growing-up.html +++ b/output/growing-up.html @@ -100,7 +100,7 @@

    Growing up is hard. It’s especially hard if you’re living on the streets in Mombasa, or if your misbehavior in your community led to your short-term imprisonment in a correctional facility. These are the children with which we work through the MotoMoto program. Although the children and youth from the streets and the youth from the correctional facility have very different pasts and experiences, they are still responding to our methodology in similarly positive ways.

    Who They Are

    The table below contains a summary of basic characteristics of MotoMoto participants separated by type of participant (from the streets or from the Borstal). The average age is very similar, around 18 years old. All the children in the Borstal are male by necessity, but most of the children (all but 2) from the streets are also male. However, those in the Borstal have much more education than those in the streets, having completed at least primary school on average. Prior to entering the Borstal, most of these boys were also living with and being supported by their parents. Those children from the streets, in contrast, were living without parents and supporting themselves primarily by begging, hustling, and garbage collection.

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    What They Need

    These different life experiences have led the youth from the streets and those from the Borstal to have very different needs. Those in the Borstal often need help with psycho-emotional issues and pursuing further education. Addressing psycho-emotional issues and facilitating access to future education will ensure they can reintegrate with their families and pursue meaningful employment after their incarceration. In contrast, the children from the streets most often cite substance abuse treatment and employment skills as key needs, seeking practical skills to maintain themselves on the streets.

    In response to these unique needs, our life skills counselor has focused on providing psycho-emotional tools to deal with these differing challenges. In the Borstal, we focus on teaching self-awareness and positive decision-making skills, so youth, who were mostly incarcerated for petty theft and under-aged sex, can identify their emotional state and make good decisions despite how they feel. On the streets, we focus on why youth use drugs, how it affects them, and how to stop.

    diff --git a/output/happy-mothers.html b/output/happy-mothers.html index 9b8c592..472429b 100644 --- a/output/happy-mothers.html +++ b/output/happy-mothers.html @@ -98,13 +98,11 @@

    As a way to celebrate we are happy to share two stories from our network members!

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    Bevelyne Ombayo is a single mother, who lives in Lindi Slums, Kibera.Running a business(selling fruits)and an active member of Lindi Business Network. She is celebrating more than one year being in the network and using Community Currency. She has been able to acquire more sales compared to her previous period before she joined the network. The network has enabled her trade with other members,being involved in activities such as Merry go rounds and table banking.The business caters for some of her daily needs, she doesn't miss a meal on the table and children as well go school. Through working as a team in the network has enabled grow her business through holding more sales from members that has attracted other customers who are not members of the network.She can acquire loans due to her personal savings in the chama.

    Iglah Shimenga a mother of one is a member of Gatina Business Organization and runs a grocery business( tomatoes, onions, fruits and vegetables at ksh 10= ksh 5 + Sc 5) on Muthiora Road in Gatina Location. The price is favourable to the members of the the surrounding community that enables her get more frequent customers making more sales and expanded her business. She joined the network in 2017. Being amongst the most active members has enabled her do savings. She doesn't have to hussle for food since she can purchase food for her family from a vendor in the network as well as her child at 4 years old is getting education in a member school Bensofil Community School in the network that allows her to pay part of the tuition using Community Currency.Currently her business is fairing well more than average," I really have more customers to date" she said.

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    -#mothersday
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    #mothersday

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    #mothersday

    diff --git a/output/here-we.html b/output/here-we.html index 102ce0c..29d56e4 100644 --- a/output/here-we.html +++ b/output/here-we.html @@ -97,19 +97,13 @@
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    Happy holidays!

    We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has been exciting for Grassroots Economics Foundation and for Community Currencies in Kenya. With a largely volunteer staff, we've doubled our capacity to over 1000 small business users and 20 schools, and are trading over 100,000 EUR worth of community currency yearly in 5 networks across Kenya. We're seeing people able to accept 30% of their goods and services in Community Currency and equivalent increases to their sales in Kenyan Shillings.

    We've been honored by documentaries (Please watch if you haven't already. 1st minute in Dutch then English), media & research and awards, this year, but failed to find the support needed to really grow as a non-profit foundation. We're seeking matching funds to fulfill a challenge grant from Stichting DOEN, for a June 2017 deadline, but have so far failed to reach our targets. If you are able to support us or can recommend personal connections (rather than general calls for proposals), please continue to push us toward sustainability.

    In order to reach sustainability we are considering, in early 2017, adopting a hybrid social-venture structure in order to generate revenue and investment needed to grow. It would focus on one of the key parts of the Foundation - developing and managing environmentally-sound import-replacing cooperative businesses in community currency networks. We've made headway, but there is a huge amount of work and support needed to get there! We would really love to hear your advice as we move forward!

    Have a wonderful holiday and healthy 2017!

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    #kenya #2016 #yearlyreport

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    #kenya #yearlyreport

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    + Hon. Paul Simba Arati MP Dagoretti - North +

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    Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local chiefs, having the interest of the area MP means a lot in terms of political endorsement for the first sister currency to Bangla-Pesa in Kenya.

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    It's not often that a community realizes they have a wealth of untapped supply and demand for local goods and services and can create their own medium of exchange to match them. With Bangla-Pesa having traded roughly over 2 million shillings worth of goods and service since it's relaunch in November last year, this first attempt to duplicate the program in Nairobi gives us hope that regional economies built from the ground up are not only possible but inevitable.

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    Meanwhile we're working hard to spell out good implementation strategies and standards for such programs, so that marginalized communities around the world can take action.

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    In Nairobi we've got a long way to go in terms of registering enough small businesses to reach a critical mass before launch but the team is making a huge effort. Richard Ogolla is leading the registration efforts and doing a great job.

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    While schools have been the heart of the network in Kawangware Richard has reached out to boda-bodas, maize millers, and so many different kinds of businesses. Dramas are being prepared to explain to people how the program works. The community's designs of the Gatina-Pesa have gone to the printers in Germany and with a little bit more push for awareness we're looking forward to a powerful launch. As Morgan Richards would say - we're cautiously optimistic.

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    #gatina #nairobi

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    + How to Host a Currency Potluck +

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    Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currency (CIC) potlucks and how they could be applied to any community – even on social media groups such as: WhatsApp, Telegram Discord, Facebook and so on.

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    These are all short iterative processes that can happen in cycles as the group learns by doing.

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    Step 0. Bringing People Together

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    This is its own challenge, especailly (physically) today- so I’m assuming you have or can pull together a group of people where each person brings something to the table/social media group (a church group, whatsapp friends etc). Think of this as a potluck (a.k.a braai, coroga, faith supper, hatch party or participatory dinner party) where everyone is bringing an ingredient to amazing dishes that you are all going to cook and eat together.

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    Step 1a. Resource Mapping

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    What ingredients do people have and what does everyone want to eat?! Have each person identify what their needs are and what they can offer - including goods, services and national currency. Share this list of offers and needs and see how well the community can meet its own needs and what is missing to have that perfect potluck.

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    Step 1b. Community Projects

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    From the needs and offers discussed are there any commonalities? Could the group decide on one or more community projects? (Collective farming, elderly care, open source software development... etc)

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    If there is consensus on projects the community would like to do as well as sufficient offers to do those projects – as well as needs being fulfilled by those projects and offers – then you have all the ingredients you need for a great Community Inclusion Currency (Potluck!). Now, solidifying (mixing) these resources toward your goals and projects involves commitment.

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    Step 2a. Reach Commitment

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    What can everyone commit to putting into the potluck? Individually and together we express what we can commit to accepting in return for the CIC we will create: our goods and services, our time on community projects and as well National Currency.

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    Step 2b. Develop an Agreement +* Creation: Based on what everyone is putting in: goods, services and national currency – how many CIC tokens should be created? How should they be connected to collateral valued in National Currency? We use a metric in Kenya that for every 1 CIC created there is 1 unit of national currency worth of commitments of goods or services as well as 0.25 national currency (collateral pool) bonded to it – this way the CIC can be spent on committed goods and services as well as cashed out to national currency – note that as well people can add national currency the pool. +* Allotment: Based on the community projects and commitments people offer how should the CIC be distributed? We take the full amount of CIC to be created and divide it in half – where 50% is divided in proportion to people’s commitments and the other 50% goes toward community projects – with designated managers. +* n.b. There can be many other rules, such as taxation, demurrage, fines yearly recycling of the CIC. It is good to take time here to think about all the possibilities as you design your own financial system. +* Trade Balance: One core concept/commitment in CICs is the need for people to over time maintain a trade balance – accept as much as you spend, and spend as much as you accept.

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    Now that all the ingredients are there and they have been mixed together your currency potluck is ready to divide and serve. Dish it out!

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    Step 3a. Develop a name for your CIC

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    Give your creation (CIC) a name! Both a long name and a short name – this will be the token name people see on their devices when trading.

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    Step 3b. Mint and Distribute

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    These CICs are created and then distributed as per the rules decided. Note there are a lot of options on how to digitally or physically create these tokens and distribute them! See technical discussion below.

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    Step 4. Circulation - Let's eat! +* The group can trade with themselves or anyone else by sending them the CIC tokens they have. +* Anyone can do community projects and get paid by that community project manager in CIC tokens +* Anyone can add national currency (or other market valued tokens) to the collateral pool and create more CIC. +* Anyone holding a CIC can liquidate it and pull out the collateral behind it.

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    Step 5. Keep meeting and planning and starting over

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    No dinner party should last forever and one potluck is never enough! Ideally your CIC is humming along unlocking your collective untapped potential, but reassessment is key. How is the potluck going and how might we do better next time? Having a duration for your CIC and the community projects you create naturally gives rise to the next CIC – which can be created by a group liquidating the current CIC and creating another with the same process as above.

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    We wish you the best loving community currency potluck ever and are here to help!

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    Grassroots Economics is dedicated to developing and supporting public infrastructure so the each CIC can be independently created and owned by a community without extractive rent seeking platforms, smart contracts or blockchains. We still have a lot of work todo here and welcome you to our potluck and would love to be invited to yours! You can find a link to Kenyan training materials here: https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/README.md

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    Technically:

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    In Kenya we manually do the Mint and Distribute step on behalf of communities – but anyone with a bit of blockchain tech savy can deploy these contracts (we are working on makign this much easier). We mint a CIC/token and bond it to a collateral pool in a digital asset (such as USDC, XCHF - note a community could create it's own reserve currency basket). This process is called defining and deploying a smart contract on a blockchain. The contract is transparent and the rule for how it can be used need to be totally clear. The open source Bancor V1 Bonding Curve contracts can be augmented in many ways to suit the needs of the group. Also note that a Decentralized Autonomous Organization (DAO) can be used to do much of the above process and distribution as well as maintain the contract – in lieu of a trusted contract deployer. There are a lot of options if you get stuck on this creation and distribution process - we are happy to discuss!

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    Photo credit: Magdaline Mumbi a community network mobilizer.

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    Vulnerable Household Support Networks (VHSNs) +In this post I'll describe a modality for social support and humanitarian aid such as cash transfer programming utilizing Community Inclusion Currencies (CICs).

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    Vulnerable households (VHHs)

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    VHHs in an area are identified via survey carried out by enumerators that seeks to understand which families in the community are most vulnerable and need support. Generally they are families where the head of household is a youth, elderly or very ill. See how Kenyan Red Cross works hard to identify vulnerable households..

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    Utilizing and developing Community Inclusion Currencies (CICs) can support, strengthen and identify social safety nets around vulnerable households.

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    A Community Inclusion Currency (CIC) like Sarafu is created and/or distributed regularly (similar to a basic income) in the area to VHHs as well as to all the households in the community in order to enable them to record mutual support among each other. Community members are asked to support the vulnerable families and each other with goods and services, using a CIC to record the support given.

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    For instance: a woman named Rehema who sells tomatoes may offer some tomatoes worth 20 KSH to a VHH. The VHH can record and show their appreciation by sending Rehema 20 CIC tokens using her feature phone. +- Rehema can now also appreciate her own friends family and even tomato suppliers by sending them CIC in return for their support, goods and services.

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    Vulnerable Household Support Network Members (NMs):

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    those people that support the VHH by offering goods and services are traditionally not easy to objectively identify or quantify. By receiving a CIC a NM can record of their support in the whole community and around VHHs. This data is recorded securely and anonymously on a blockchain. Those NMs in the community that wish to share their blockchain address can be identified and capacity built / rewarded / supported by individual cash transfers.

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    Vulnerable Household Support Network - Identification:

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    Each user in the network has a unique address for their account on the blockchain that can be used to record every single CIC transaction. Any CIC transaction coming from a VHH can be viewed and audited as a record of support being offered to that VHH from members of the VHS-N.

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    For instance a VHH uses their feature phone and sends 100 CIC to appreciate Rehema the sender and record her offer of 100 KSH worth of maize flour as support.

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    That gives us a way to measure and rank how much support Rehema has offered. Indeed we can see the whole network of users that have offered VHHs support. If we look at this whole network we can get a sum of all the support a person like Rehema has offered to ANY vulnerable household - and we can even rank her support for VHHs among ALL the NMs (who are CIC users).

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    Say that Rehema’s amount of received CIC from VHHs (measuring her offers of maize flour) makes her in the top percentile of network members; Here in the example below we can see that she gave 46% of the total support in the community to a VHH.

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    stats
    NM namesSupport/monthpercentage
    Rehema Katans3000 CIC46%
    Fran Miguu2000 CIC31%
    Katana Busia1000 CIC15%
    Gertrude Mia550 CIC8%
    Total6550 CIC100%
    SmithJohn, Junior20
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    The four people or businesses have received 6550 CICs over a month because of the support they offered to vulnerable households. They can choose to offer their information to the public or an aid organization in order to be recognized and potentially rewarded.

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    Vulnerable Household Support Networks (VHSNs) can identified using Community Inclusion Currency (CIC) transaction data and give aid organizations concrete and auditable proof of community support (POCS).

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    In this way ANYONE offering support, goods or services to Vulnerable Households can be identified, acknowledged, rewarded to build their capacity. Because these CICs can continue circulating in the community as long as they are needed they can provide a long term community safety net, especially when Kenyan shillings are scarce or during or recovering from a crisis like COVID.

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    Note that there are MANY other ways to define and identify CSNs: Including voting systems as well as identifying specific areas of support, such as: farming, education or food and water.

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    Faith Based Community Inclusion Currencies

    Local churches and faith based organizations have begun to develop their own community currencies (Sarafu)

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    Francis the Millionaire

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    Since several generations the family of Francis has been living in the same neighborhood of Nairobi, Gatina (Part of Kwangware). Gatina,...

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    Super-Market Super-Currency

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    Hundreds and hundreds of settlers in Nairobi's Kawangware informal settlement will soon benefit from access to low priced goods...

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    Progress in South Africa

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    One of our partner programs in South Africa was recently featured on the news. "An exciting new era may be dawning for the Kokstad...

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    Sarafu-Credit Takes Shape

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    We began the year by looking at our successes and challenges with five Kenyan community currencies in 2015. Out of this came the...

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    News from Brazil

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    Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there....

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    Kwaheri 2015 - Community Service and Results

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    Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership...

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    New Business in Kawangware

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    Since its implementation, 8 months ago, Gatina-Pesa in Nairobi's Kawangware slum has had various benefits to its members. Some of them...

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    Bangla-Pesa Market, Shoes and Permaculture

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    Finally! The Bangladesh Business Network Market Day was a big success. Bangla-Pesa members gathered together to sell their goods and...

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    Permaculture School Farm Via Bangla-Pesa

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    Two neighboring schools St. Peter's & Paul's and St. Angeline are being trained and equipped to design, build and maintain a community...

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    Mikindani Community Currency Market Day

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    The Kwa Ng'ombe Business Network held their 1st Market day on the 24th October 2015. Members came to sell and trade their goods at the...

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    Kangemi-Pesa Launched

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    Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is...

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    Retreat and Renewal

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    September marked the first official renewal event for Bangla-Pesa after more than 2+ years in circulation (Starting in May 2013). The...

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    Kangemi-Pesa Launch Prep and More Currency News

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    Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100...

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    1st Community Currency Market and More

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    September 12th Community Currency groups in Mombasa and Nairobi both held simultaneous events. One was a community market and games day...

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    Looking Towards 2015

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    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa....

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    Gatina & Bangla Pesa Nov Updates

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    Gatina-Pesa Starting Circulation

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    Gatina-Pesa Launched

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    With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized...

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    Smep Oiko-Credit Loans in Kangemi

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    SMEP a local OIKO-Credit partner is offering Loans and Training to Community Currency users in Kangemi and Kawangware. They have started...

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    ⇇ « - Page 10 / 14 + Page 10 / 16 » - ⇉ + ⇉

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    Gatina-Pesa Launch Prep

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    The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the...

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    Lindi and Ng'ombeni Pesa Launched

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    The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in...

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    Hon. Paul Simba Arati MP Dagoretti - North

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    Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local...

    +

    African Community Currencies Update

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    Kenyan Community Currencies Nairobi Gatina-Pesa – The Gatina Business Network's members have been saving their Kenyan Shilings together...

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    By + Ruth Mwangi
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    5 Kenyan Community Currencies Meet

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    Saturday, 27th June will remain a day to remember for various Business Networks in Kenya. A total of five Business Networks united by a...

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    @@ -139,11 +164,11 @@
    By Will Ruddick
    - +
    -

    Gatina-Pesa and South Africa

    -

    Gatina-Pesa in Nairobi (a sister currency to Bangla-Pesa) is set to launch in early October! Initial designs of the Gatina-Pesa have been...

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    Municipal Bonds and Community Currency

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    A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing...

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    - +
    @@ -163,12 +188,12 @@
    By - Muthoni Kiguru
    - + Robin Gerbaux
    +
    -

    University of Nairobi Research Visit

    -

    “…I no longer sleep hungry. Even without the Kenyan money, I still have Bangla Pesa. I will survive one more day. This money never ends…”...

    +

    Kibera's Lindi-Pesa Gaining Momentum

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    June 6th 2015 was bound to be a typical morning in Kibera - but Saturday morning, the inhabitants of Kibera, the biggest slum of Nairobi,...

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    - +
    @@ -188,12 +213,12 @@
    By - Francis Wanjala
    - + Robin Gerbaux
    +
    -

    Wanjala Visits Bangladesh

    -

    Francis Wanjala is the headmaster at Sifa Childrens Home in Nairobi. After making his first trip to Mombasa he shared with us his...

    +

    Update from Kangemi-Pesa Nairobi

    +

    It has been only 2 months since the members of Kangemi Business Network launched their community currency and received their 400...

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    - +
    @@ -214,11 +239,11 @@
    By Will Ruddick
    - +
    -

    Nairobi Bangla-Pesa Making Strides

    -

    Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near...

    +

    Berg Rand Launches in South Africa

    +

    The Berg Rand or BRAND - which means 'Fire' Money in Afrikaans, had an amazing launch today! The FlowAfrica team lead by John Ziniades...

    @@ -230,7 +255,32 @@
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    By + Robin Gerbaux
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    Francis the Millionaire

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    Since several generations the family of Francis has been living in the same neighborhood of Nairobi, Gatina (Part of Kwangware). Gatina,...

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    @@ -239,11 +289,11 @@
    By Will Ruddick
    - +
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    School Fees with Bangla-Pesa

    -

    July has seen the Bangla-Pesa program surpass 200 accepting businesses and the introduction of three primary schools into the...

    +

    Progress in South Africa

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    One of our partner programs in South Africa was recently featured on the news. "An exciting new era may be dawning for the Kokstad...

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    By - Morgan Richards
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    Panty Distribution Success

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    In May, we told you about an incredible synergy of Star Wars (http://www.501st.com/), Roller Derby (http://www.okcbankedtrackrollerderby....

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    By Will Ruddick
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    A New Kind of Cash

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    “Cash is the enemy of the poor,” wrote Rodger Voorhies, director of the Bill & Melinda Gates Foundation’s program aimed at improving...

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    By - Will Ruddick
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    Bangla-Pesa Waste, Volleyball and Nairobi

    -

    Community Waste Collection This weekend the Bangladesh Business Network, the more than 180 people who trade their goods and services with...

    +

    News from Brazil

    +

    Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there....

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    diff --git a/output/index12.html b/output/index12.html index e6d613d..73d6174 100644 --- a/output/index12.html +++ b/output/index12.html @@ -80,7 +80,7 @@
    - +
    @@ -88,12 +88,12 @@
    By - Morgan Richards
    - + Robin Gerbaux
    +
    -

    Growing Up is Hard

    -

    Growing up is hard. It’s especially hard if you’re living on the streets in Mombasa, or if your misbehavior in your community led to your...

    +

    New Business in Kawangware

    +

    Since its implementation, 8 months ago, Gatina-Pesa in Nairobi's Kawangware slum has had various benefits to its members. Some of them...

    @@ -105,32 +105,7 @@
    - -
    -
    - -
    -
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    By - Morgan Richards
    - -
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    Roller Derby + Star Wars = Panties

    -

    Last Sunday marked the culmination of partnerships with an unexpected collection of people who came together to support the education and...

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    • -
  • -
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    @@ -139,11 +114,11 @@
    By Will Ruddick
    - +
    -

    Registration and Exchange Visits

    -

    Registration Last week the Bangladesh Business Network was 'finally' given it's official registration papers with the Kenyan Government...

    +

    Ng'ombeni-Pesa Artwork

    +

    The Ng'ombeni-Pesa Community Based Organization has been formed. They are a neighboring slum to Bangladesh in Mombasa County and live in...

    @@ -155,7 +130,7 @@
    - +
    @@ -164,11 +139,11 @@
    By Will Ruddick
    - +
    -

    Help Support Community Currencies

    -

    Dear Friends and Colleagues, We are happy to announce that we have won a precedent-setting court victory which legitimates community...

    +

    Kangemi-Pesa Launched

    +

    Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is...

    @@ -180,32 +155,7 @@
    - -
    -
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    By - Morgan Richards
    - -
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    Respect on the streets

    -

    Friday, April 11th, Koru-Kenya hosted a dialogue on street harassment. The original event was intended to be a rally, held on the 4th in...

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    • -
  • -
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    @@ -214,11 +164,11 @@
    By Will Ruddick
    - +
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    Bangla-Pesa - Can we do it again?

    -

    After winning court battles, relaunching the program, hearing heart breaking stories and finding amazing results the local government...

    +

    Kangemi-Pesa Launch Prep and More Currency News

    +

    Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100...

    @@ -230,7 +180,7 @@
    - +
    @@ -239,11 +189,11 @@
    By Will Ruddick
    - +
    -

    Elections, Service, Mapping and Nairobi

    -

    New Board and Community Service Contributions On April 19th the Bangladesh Business Network had their first official board elections and...

    +

    Looking Towards 2015

    +

    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa....

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    - +
    @@ -263,12 +213,12 @@
    By - Morgan Richards
    - + Will Ruddick
    +
    -

    Borstal Boys: Poi and Life Skills Behind Bars

    -

    The MotoMoto Program is helping make a difference at the Shimo La Tewa Borstal Institution which houses 313 boys from all over Kenya....

    +

    Gatina & Bangla Pesa Nov Updates

    +

    After more than a year of trading Bangla-Pesa, with millions of shillings worth of bills changing hands, the program is running strong....

    @@ -280,7 +230,7 @@
    - +
    @@ -288,12 +238,12 @@
    By - Morgan Richards
    - + Will Ruddick
    +
    -

    Bangla-Pesa Survey Results February 2014

    -

    Bangla-Pesa Follow-up Survey - February 2014 Results Two months since our re-launch in late November. Bangla-Pesa Re-IntroducedResilience...

    +

    Gatina-Pesa Starting Circulation

    +

    Nairobi's first community currency Gatina-Pesa, following Bangla-Pesa's success has started circulation with vigor. Due to its dense...

    @@ -305,7 +255,7 @@
    - +
    @@ -313,12 +263,62 @@
    By - Morgan Richards
    - + Will Ruddick
    +
    -

    Marciana's Struggle, Porridge and Bangla-Pesa

    -

    Marciana's husband died a long time ago, leaving her with 5 children to care for alone. Even though she is 64 now, and most of her...

    +

    Gatina-Pesa Launched

    +

    With an amazing march through the slum, starting from Congo and ending at Gatina Primary School the entire community has been mobilized...

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    +
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    • +
  • +
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    + +
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    +
    +
    +
    By + Will Ruddick
    + +
    +
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    Gatina-Pesa Launch Prep

    +

    The Gatina Business Organization is busy preparing for the community currency's official launch on October 11th. Children from the...

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    +
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    • +
  • +
    +
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    + +
    +
    + +
    +
    +
    +
    By + Will Ruddick
    + +
    +
    +

    Hon. Paul Simba Arati MP Dagoretti - North

    +

    Nairobi's Dagoretti North MP. Hon. Paul Simba Arati will be attending the launch of Gatina-Pesa in October. Besides support from local...

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    ⇇ « - Page 12 / 14 + Page 12 / 16 » - ⇉ + ⇉

    diff --git a/output/index13.html b/output/index13.html index 0e84428..5a97456 100644 --- a/output/index13.html +++ b/output/index13.html @@ -80,7 +80,132 @@
    - + +
    +
    + +
    +
    +
    +
    By + Will Ruddick
    + +
    +
    +

    Gatina-Pesa and South Africa

    +

    Gatina-Pesa in Nairobi (a sister currency to Bangla-Pesa) is set to launch in early October! Initial designs of the Gatina-Pesa have been...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
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    + +
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    +
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    +
    By + Muthoni Kiguru
    + +
    +
    +

    University of Nairobi Research Visit

    +

    “…I no longer sleep hungry. Even without the Kenyan money, I still have Bangla Pesa. I will survive one more day. This money never ends…”...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
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    + +
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    + +
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    By + Francis Wanjala
    + +
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    Wanjala Visits Bangladesh

    +

    Francis Wanjala is the headmaster at Sifa Childrens Home in Nairobi. After making his first trip to Mombasa he shared with us his...

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    +
    +
    +
    +
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    • +
  • +
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    + +
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    +
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    By + Will Ruddick
    + +
    +
    +

    Nairobi Bangla-Pesa Making Strides

    +

    Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
    +
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    + +
    +
    + +
    +
    +
    +
    By + Will Ruddick
    + +
    +
    +

    School Fees with Bangla-Pesa

    +

    July has seen the Bangla-Pesa program surpass 200 accepting businesses and the introduction of three primary schools into the...

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    +
    +
    +
    +
    +
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    @@ -89,11 +214,11 @@
    By Morgan Richards
    - +
    -

    Menstrual Cycles: Barriers to Education

    -

    Why Should Reproductive Health Be a Barrier for Education? All over Kenya girls are missing school today (for many the first day back...

    +

    Panty Distribution Success

    +

    In May, we told you about an incredible synergy of Star Wars (http://www.501st.com/), Roller Derby (http://www.okcbankedtrackrollerderby....

    @@ -105,7 +230,7 @@
    - +
    @@ -114,11 +239,11 @@
    By Will Ruddick
    - +
    -

    Sustainable Programs and Complementary Currencies

    -

    In 1982, the late Dr. Margrit Kennedy’s work on ecological architecture led her to the conclusion that it is “virtually impossible to...

    +

    A New Kind of Cash

    +

    “Cash is the enemy of the poor,” wrote Rodger Voorhies, director of the Bill & Melinda Gates Foundation’s program aimed at improving...

    @@ -130,7 +255,7 @@
    - +
    @@ -139,11 +264,11 @@
    By Will Ruddick
    - +
    -

    Margrit Kennedy - Thank You

    -

    One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer...

    +

    Bangla-Pesa Waste, Volleyball and Nairobi

    +

    Community Waste Collection This weekend the Bangladesh Business Network, the more than 180 people who trade their goods and services with...

    @@ -155,57 +280,7 @@
    - -
    -
    - -
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    By - Will Ruddick
    - -
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    Church Offerings (Sadaka) in Bangla-Pesa

    -

    Faith based organizations (FBOs) are beginning to step up their usage of Bangla-Pesa to increase community services. FBOs act as a...

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    By - Will Ruddick
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    Bangla-Pesa Reloaded

    -

    We've been waiting since May 29th 2013 for this and it is finally here. Bangla-Pesa is back moving through the community. We've...

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    @@ -214,11 +289,11 @@
    By Morgan Richards
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    Motomoto and the Dream Catchers

    -

    Koru-Kenya’s MotoMoto program has been paired with Wema Centre for the past few months, joining our Poi and Life Skills program with...

    +

    Growing Up is Hard

    +

    Growing up is hard. It’s especially hard if you’re living on the streets in Mombasa, or if your misbehavior in your community led to your...

    @@ -230,7 +305,7 @@
    - +
    @@ -238,87 +313,12 @@
    By - Will Ruddick
    - + Morgan Richards
    +
    -

    Bangla-Pesa Relaunch

    -

    Bangla-Pesa was officially relaunched today in partnership with the Kenyan Government. Represented by Hon. Badi Twalib Minister of...

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    Bangla-Pesa Anticipating November

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    On May 29th 2013 we were arrested and charged with forgery. On August 23rd 2013 the case against Bangla-Pesa was dropped. A month after...

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    "Living Half-Way" Former Sex Worker Speaks out

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    Where should I start? I was in the industry for years. The main reason myself and most girls start sex work is because of poverty. I was...

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    Roller Derby + Star Wars = Panties

    +

    Last Sunday marked the culmination of partnerships with an unexpected collection of people who came together to support the education and...

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    By + Will Ruddick
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    Registration and Exchange Visits

    +

    Registration Last week the Bangladesh Business Network was 'finally' given it's official registration papers with the Kenyan Government...

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    • +
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    By + Will Ruddick
    + +
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    Help Support Community Currencies

    +

    Dear Friends and Colleagues, We are happy to announce that we have won a precedent-setting court victory which legitimates community...

    +
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    +
    +
    +
    +
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    • +
  • +
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    @@ -89,11 +139,11 @@
    By Morgan Richards
    - +
    -

    Who could like this life? - Motomoto

    -

    Yesterday, we sat down with some boys from the streets of Mombasa (survivors, as they prefer to be called) in a shady patch of grass...

    +

    Respect on the streets

    +

    Friday, April 11th, Koru-Kenya hosted a dialogue on street harassment. The original event was intended to be a rally, held on the 4th in...

    @@ -105,7 +155,7 @@
    - +
    @@ -114,11 +164,11 @@
    By Will Ruddick
    - +
    -

    Bangla-Pesa Charges Dropped!

    -

    THE CASE IS OVER! Today the Director of Public Prosecutions announced that all charges against Bangla-Pesa are hereby dropped! This is a...

    +

    Bangla-Pesa - Can we do it again?

    +

    After winning court battles, relaunching the program, hearing heart breaking stories and finding amazing results the local government...

    @@ -130,7 +180,7 @@
    - +
    @@ -139,11 +189,11 @@
    By Will Ruddick
    - +
    -

    Bangla-Pesa's Fate in the hands of the DPP

    -

    We are still being charged with forgery under penal code 367(e). For Kenyan Laws see page 121. On July 15th - the Kenyan Dirctor of...

    +

    Elections, Service, Mapping and Nairobi

    +

    New Board and Community Service Contributions On April 19th the Bangladesh Business Network had their first official board elections and...

    @@ -155,7 +205,107 @@
    - + +
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    By + Morgan Richards
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    +

    Borstal Boys: Poi and Life Skills Behind Bars

    +

    The MotoMoto Program is helping make a difference at the Shimo La Tewa Borstal Institution which houses 313 boys from all over Kenya....

    +
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    @@ -164,161 +314,11 @@
    By Will Ruddick
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    Bangla-Pesa Turmoil

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    The Bangla-Pesa, a complementary currency created and backed by a local business network, offers a glimpse of true sustainable...

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    Bangla-Pesa Launch

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    Today's launch of Bangla-Pesa was a great start to an empowering community process! 137 local business owners attended. Of the 137 local...

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    Bangla Committee Meeting

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    Koru Kenya is working to capacity build the the Bangladesh Business Network (BBN) to create it's own complementary currency. The...

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    Motomoto Performing Arts

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    We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each...

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    BBN Meeting

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    After two small business meetings and several focus group sessions, the Bangla Business Network (BBN) had it's first large group meeting...

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    Tiwi Orphans Visit

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    This visit is different, we sat down to eat together and had a frank chat. Am grateful The Koru team visited a village in Tiwi, which had...

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    Complementary Currency: Business Network Creation

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    With our partners, Koru works with small community businesses of Bangladesh, Kenya, in order to implement a complementary currency...

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    Sustainable Programs and Complementary Currencies

    +

    In 1982, the late Dr. Margrit Kennedy’s work on ecological architecture led her to the conclusion that it is “virtually impossible to...

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      By + Will Ruddick
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      Margrit Kennedy - Thank You

      +

      One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer...

      +
      +
      +
      +
      +
      +
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      • +
    • +
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      + +
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      By + Will Ruddick
      + +
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      Church Offerings (Sadaka) in Bangla-Pesa

      +

      Faith based organizations (FBOs) are beginning to step up their usage of Bangla-Pesa to increase community services. FBOs act as a...

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      +
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      • +
    • +
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      + +
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      By + Will Ruddick
      + +
      +
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      Bangla-Pesa Reloaded

      +

      We've been waiting since May 29th 2013 for this and it is finally here. Bangla-Pesa is back moving through the community. We've...

      +
      +
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      By + Morgan Richards
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      Motomoto and the Dream Catchers

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      Koru-Kenya’s MotoMoto program has been paired with Wema Centre for the past few months, joining our Poi and Life Skills program with...

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      By + Will Ruddick
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      Bangla-Pesa Relaunch

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      Bangla-Pesa was officially relaunched today in partnership with the Kenyan Government. Represented by Hon. Badi Twalib Minister of...

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      By + Will Ruddick
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      Bangla-Pesa Anticipating November

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      On May 29th 2013 we were arrested and charged with forgery. On August 23rd 2013 the case against Bangla-Pesa was dropped. A month after...

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      By + Morgan Richards
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      Who could like this life? - Motomoto

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      Yesterday, we sat down with some boys from the streets of Mombasa (survivors, as they prefer to be called) in a shady patch of grass...

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      By + Will Ruddick
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      Bangla-Pesa Charges Dropped!

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      THE CASE IS OVER! Today the Director of Public Prosecutions announced that all charges against Bangla-Pesa are hereby dropped! This is a...

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    + ⇇ + « + Page 15 / 16 + » + ⇉ +

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      By + Will Ruddick
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      Bangla-Pesa Turmoil

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      The Bangla-Pesa, a complementary currency created and backed by a local business network, offers a glimpse of true sustainable...

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      By + Will Ruddick
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      Bangla-Pesa Launch

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      Today's launch of Bangla-Pesa was a great start to an empowering community process! 137 local business owners attended. Of the 137 local...

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      By + Will Ruddick
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      Bangla Committee Meeting

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      Koru Kenya is working to capacity build the the Bangladesh Business Network (BBN) to create it's own complementary currency. The...

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      By + Will Ruddick
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      Motomoto Performing Arts

      +

      We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each...

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      By + Will Ruddick
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      BBN Meeting

      +

      After two small business meetings and several focus group sessions, the Bangla Business Network (BBN) had it's first large group meeting...

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      By + Will Ruddick
      + +
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      Kenya's Food Exports vs Food Aids

      +

      Amazing as it may sound Kenya exports over 3 billion dollars worth of food! The World Food Program says that Kenya has a yearly need of...

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      By + Jacky Kowa
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      Tiwi Orphans Visit

      +

      This visit is different, we sat down to eat together and had a frank chat. Am grateful The Koru team visited a village in Tiwi, which had...

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      By + Will Ruddick
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      Motomoto Performing Arts

      +

      Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through...

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    + ⇇ + « + Page 16 / 16 +

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    Rural Sarafu Network - CIC Impacts

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    Rosemary Owino is a widow from Siaya village in Siaya County. She has wanted desperately to curb her own poverty and make ends meet for...

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    CIC Indices for SDGs

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    By encouraging circular trade within communities humanitarian aid can build basic circulatory systems for support and resilience.

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    Sarafu Network Kenya Mid-Year CIC Update

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    We've reached nearly 90Million worth (~900,000 USD) of Community Inclusion Currency trading between 30,0000 users in Kenya for basic needs.

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      By + Janet Akinyi
      + +
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      Rural Sarafu Network - CIC Impacts

      +

      Rosemary Owino is a widow from Siaya village in Siaya County. She has wanted desperately to curb her own poverty and make ends meet for...

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      By + Will Ruddick
      + +
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      CIC Indices for SDGs

      +

      By encouraging circular trade within communities humanitarian aid can build basic circulatory systems for support and resilience.

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      By + Will Ruddick
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      Network Integrity is Priceless

      +

      It is well know that - In a world where you can buy or sell anything - integrity is priceless. This is just as true when everything can...

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      By + Will Ruddick
      + +
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      Sarafu Network Kenya Mid-Year CIC Update

      +

      We've reached nearly 90Million worth (~900,000 USD) of Community Inclusion Currency trading between 30,0000 users in Kenya for basic needs.

      +
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      By + Will Ruddick
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      How to Host a Currency Potluck

      +

      Let's get the potlucks started! Here is a short introduction to the methods we use for Community Inclusion Currencies (CICs) potlucks!

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      Collateral Bonded Gas for Block Validation

      In order to spread adoption of a new economic models that heal economic trauma and use blockchain as a source of truth that connects us...

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    Rural Villages Coping with COVID-19

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    Communities can support each other and keep vital food systems and trade alive using a blockchain based vouchers system (Community...

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    CIC (COVID-19 Crisis) Cash Aid

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    With unstable food systems and deteriorating markets and supply chains, knowing how to target aid is crucial to providing relief and buildin

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    CIC Pilot Impacts and Plans

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    In the last 30 days we have had 3015 users making at least 1 trade. For a volume of 2,336,655 Tokens (~23k USD equivalent of goods and...

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    By - Will Ruddick
    - + Ruth Njau & Antony Ngoka
    +
    -

    Community Inclusion Currencies are Now Open Source

    -

    These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to

    +

    Managing their Own Economy during Crisis

    +

    She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

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    By Will Ruddick
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    Blockchain Powered Village Checkers Tournament

    -

    How do you have a proper checkers tournament when no one can pay the entry fees? Jacob the organizer saw an opportunity. His neighbors in...

    +

    COVID-19 Blockchain Crisis Response - CICs at 500% Growth

    +

    Since we started using blockchain for CICs in September 2018 we have seen nearly half a million dollars (482k USD) worth of trade via 154k t

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    By Will Ruddick
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    2019 Data Release - 92k Kenyan blockchain translations

    -

    With every transaction being logged anonymously on a public blockchain we have unprecedented insight into what living below the poverty...

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    Currency 123 (Back, Guarantee, Open)

    +

    A Community Inclusion Currency (CIC) is way to transparently establish a credit system to enable local markets to thrive and link...

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    By Will Ruddick
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    Banking on the SILC Road

    -

    Rarely in development work do you see an intervention that sprouts its own two legs and starts running across the country without donor fund

    +

    Demystifying Currency Creation and Backing

    +

    Once upon a time a goat herder counted his herd and found 100 goats (some old and some young). That was a nice surprise. He estimated a...

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    By - Will Ruddick
    - + WIlfred Chibwara
    +
    -

    Shrimp Fishing Builds an Economy

    -

    Fishermen pay for their children’s school fees by selling shrimp to a cooperative with a freezer for storage. Women buy the shrimp and cook

    +

    Rural Villages Coping with COVID-19

    +

    Communities can support each other and keep vital food systems and trade alive using a blockchain based vouchers system (Community...

    @@ -205,7 +205,7 @@
    - +
    @@ -213,12 +213,12 @@
    By - rebeccamqamelo
    - + Will Ruddick
    +
    -

    Community Currencies: Cash Transfer 2.0

    -

    A few decades ago, the idea of giving money to poor people instead of food packages and healthcare was almost scandalous. Free money?...

    +

    CIC (COVID-19 Crisis) Cash Aid

    +

    With unstable food systems and deteriorating markets and supply chains, knowing how to target aid is crucial to providing relief and buildin

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    - +
    @@ -239,11 +239,11 @@
    By Will Ruddick
    - +
    -

    100+ new Blockchain Wallets in One Day – Fighting Rural Food Insecurity

    -

    Rural communities are adopting blockchain based community currencies at an astounding pace! 100+ new users in one day represents nearly...

    +

    Building a Public Registry for Community Currencies(DeFi)

    +

    Even when you have no money you are not poor. Building a Public Registry for Community Currencies.

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    By - Will Ruddick
    - + Antony Ngoka
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    -

    300 Bob - a money story

    -

    This is a story I often tell to being to discuss what money is and what it could be. It is derived from a German tale. One day a Mama...

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    Blockchain Currencies Fighting COVID-19 - Mukuru, Kenya

    +

    Giving people a medium of exchange can save lives. With blockchain based Community Inclusion Currencies communities can support...

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    By Will Ruddick
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    Celebrating Bernard's Inspiration

    -

    Bernard’s vision of diverse monetary eco-systems that support communities and the environment rather than extract from them, as they...

    +

    CIC Pilot Impacts and Plans

    +

    In the last 30 days we have had 3015 users making at least 1 trade. For a volume of 2,336,655 Tokens (~23k USD equivalent of goods and...

    @@ -305,7 +305,7 @@
    - +
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    By Will Ruddick
    - +
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    2614 Blockchain Transactions for Basic Needs

    -

    In our journey over the last few months building tools for community currencies on the blockchain to support healthy economies, a network...

    +

    Kenyan Women - Ahead of the IMF

    +

    Could the IMF and Commercial banks learn from women in rural Kenya how to create a decentralized and de-risked (transparently 100% backed)

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    By - Ruth Njau & Antony Ngoka
    - + Sowelu Avanzo
    +
    -

    Blockchain in Clinics, Vegetables, Cafes and Shops

    -

    While the rest of the world wonders how blockchain will impact lives these people are using it daily to bring their community out of poverty

    +

    Comparative Analysis of eMoney and Community Currency

    +

    This shows us that the presence of Sarafu stabilizes the economic system, working as a buffer in the months when the national currency is sc

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    - +
    @@ -113,12 +113,12 @@
    By - Lynda Chalker
    - + Will Ruddick
    +
    -

    Use Cases - Honoring 2018

    -

    Closing 2018 with a bang! We mark the end of 2018 and the beginning of this festive season by honoring schools, clinics, micro and small...

    +

    Community Inclusion Currencies are Now Open Source

    +

    These may sound like small improvements, but because of them our current, 8000+ and growing, users will be able to trade and create CICs to

    @@ -130,7 +130,7 @@
    - +
    @@ -138,12 +138,12 @@
    By - Lynda Chalker
    - + Will Ruddick
    +
    -

    Blockchain without Internet

    -

    We can't print enough paper notes for everyone who needs them. But nearly everyone has a phone (without internet). In order to reach a...

    +

    Blockchain Powered Village Checkers Tournament

    +

    How do you have a proper checkers tournament when no one can pay the entry fees? Jacob the organizer saw an opportunity. His neighbors in...

    @@ -155,7 +155,132 @@
    - + +
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    By + Will Ruddick
    + +
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    Investment Modelling in Community Inclusion Currencies

    +

    While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share...

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    By + Will Ruddick
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    Economies into Ecosystems

    +

    The reserve behind these tokens, the actual aid funding, was about $2.5k USD).This means that $2,500 USD of Aid funds created 10,000 tokens

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    By + Will Ruddick
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    Enabling Leverage

    +

    By exploring this space and enabling leverage we can open the door to truly decentralized financial services. If credit can be safely issued

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    By + Will Ruddick
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    Banking on the SILC Road

    +

    Rarely in development work do you see an intervention that sprouts its own two legs and starts running across the country without donor fund

    +
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    @@ -164,11 +289,11 @@
    By Caroline Dama
    - +
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    Takaungu Pesa is here!

    -

    The Vindakala Youth Bunge’s motto “Coming Together is Just The Beginning.” mirrors this excitement we have after the launch of Takaungu...

    +

    Looking Back at 40,000 Blockchain Transactions

    +

    So far, after roughly 6 months of piloting we've witnessed 40,000 blockchain transactions! So what does that actually mean?

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    By Will Ruddick
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    Interactive Village Market Simulator!

    -

    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of...

    -

    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC. -YouTube MOOC

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    Sarafu Cooperative is born!

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    We are very happy to announce that today, for the first time in our organizational history, the community currency members of the Nairobi...

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    Happy Mother's Day!

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    As a way to celebrate we are happy to share two stories from our network members! Bevelyne Ombayo is a single mother, who lives in Lindi...

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    Empowering Mothers

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’...

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    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing

    +

    Shrimp Fishing Builds an Economy

    +

    Fishermen pay for their children’s school fees by selling shrimp to a cooperative with a freezer for storage. Women buy the shrimp and cook

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    ⇇ « - Page 5 / 14 + Page 5 / 16 » - ⇉ + ⇉

    diff --git a/output/index6.html b/output/index6.html index ee9f68d..471948a 100644 --- a/output/index6.html +++ b/output/index6.html @@ -80,7 +80,32 @@
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    By + rebeccamqamelo
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    Community Currencies: Cash Transfer 2.0

    +

    A few decades ago, the idea of giving money to poor people instead of food packages and healthcare was almost scandalous. Free money?...

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    By Will Ruddick
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    Rural Community Currencies for Food Security

    -

    The Miyani area in Kenya has been identified by Red Cross and the World Food Program as food insecure for over 5 years. Red Cross along...

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    100+ new Blockchain Wallets in One Day – Fighting Rural Food Insecurity

    +

    Rural communities are adopting blockchain based community currencies at an astounding pace! 100+ new users in one day represents nearly...

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    Tree of Knowledge and Pit of Ignorance: Aid vs. Development

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    Since beginning in the field of “development” over 10 years ago every time I visit a new community I find there is a lack of...

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    A Wonderful Experience in Miyani

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    I am a French researcher involved in an MSc Agricultural Development at the University of Copenhagen. I am very interested in Community...

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    By Will Ruddick
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    -

    Ending Our 2017

    -

    Dear Friends and Stakeholders, In just three years, Grassroots Economics grew from a community group working to help improve living...

    +

    300 Bob - a money story

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    This is a story I often tell to being to discuss what money is and what it could be. It is derived from a German tale. One day a Mama...

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    By Will Ruddick
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    Community Currency Design Course Opening

    -

    Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course...

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    Celebrating Bernard's Inspiration

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    Bernard’s vision of diverse monetary eco-systems that support communities and the environment rather than extract from them, as they...

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    - -
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    By - Lydia Anyango
    - -
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    Post Election 'Syndrome' and New Economies

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    Election violence broke out in areas across Kenya this year and was concentrate in the lowest income areas. There is still a lot of...

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    By Will Ruddick
    - +
    -

    Berkshares and Bangla-Pesa

    -

    The Schumacher Center for a New Economics has supported us with inspiration and advice since we began with Eco-Pesa in 2010. Before...

    +

    2614 Blockchain Transactions for Basic Needs

    +

    In our journey over the last few months building tools for community currencies on the blockchain to support healthy economies, a network...

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    - +
    @@ -263,12 +213,12 @@
    By - Daniel Mukosia
    - + Ruth Njau & Antony Ngoka
    +
    -

    Skylife School and Community Currency

    -

    Grassroots Economics works with communities across Kenya to develop systems that allow parents to pay for their children's education...

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    Blockchain in Clinics, Vegetables, Cafes and Shops

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    While the rest of the world wonders how blockchain will impact lives these people are using it daily to bring their community out of poverty

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    By - Daniel Mukosia
    - + Lynda Chalker
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    -

    Nairobi Coordinator Inspiration

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    For the first three months I started working as a volunteer. I am able to get in touch with different business individuals in all the...

    +

    Use Cases - Honoring 2018

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    Closing 2018 with a bang! We mark the end of 2018 and the beginning of this festive season by honoring schools, clinics, micro and small...

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    - +
    @@ -313,12 +263,62 @@
    By - Steve Okuku
    - + Lynda Chalker
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    -

    Biz Dev - Inspired

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    Business development using community currency Being a business development coordinator whose main objective is to see communities’ assets...

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    Blockchain without Internet

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    We can't print enough paper notes for everyone who needs them. But nearly everyone has a phone (without internet). In order to reach a...

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    By + Caroline Dama
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    Takaungu Pesa is here!

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    The Vindakala Youth Bunge’s motto “Coming Together is Just The Beginning.” mirrors this excitement we have after the launch of Takaungu...

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    By + Lynda Chalker
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    Disrupting Currencies

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    Grassroots Economics Foundation has been at the forefront of empowering bottom-of-the-pyramid communities in Kenya by use of Sarafu...

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    diff --git a/output/index7.html b/output/index7.html index 7e72fff..96d11b3 100644 --- a/output/index7.html +++ b/output/index7.html @@ -80,7 +80,7 @@
    - +
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    By Will Ruddick
    - +
    -

    Universal Basic Income via Community Currencies

    -

    Universal Basic Income (UBI), as currently under trial in Kenya by GiveDirectly, gives regular donations to individuals in selected...

    +

    Interactive Village Market Simulator!

    +

    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of...

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    By - Lydia Anyango
    - -
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    Rural Miyani-Pesa Launched

    -

    Today we launched our first rural community currency! The event went well to initiate and train the first 20 members and set up a local...

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    By - Thibaud Dezyn
    - -
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    Preliminary Research Results 2017

    -

    Grassroots Economics currently facilitates Community Currency programs for 1140 businesses across 5 communities which report both social...

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    By - Lydia Anyango
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    Foundational Member Passes

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    It is sad to announce the sudden death of Dominic Okello (in the middle) who passed on early May 2017. He is a resident of Bangladesh...

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    By Will Ruddick
    - +
    -

    New Bills for a New Economy

    -

    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The...

    +

    Sarafu Cooperative is born!

    +

    We are very happy to announce that today, for the first time in our organizational history, the community currency members of the Nairobi...

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    @@ -214,11 +139,11 @@
    By Daniel Mukosia
    - +
    -

    Detergent Accelerator

    -

    Julius Nyelele has been a member of Lindi Business Network for more than one year. He is a roadside seller of washing detergents and body...

    +

    Happy Mother's Day!

    +

    As a way to celebrate we are happy to share two stories from our network members! Bevelyne Ombayo is a single mother, who lives in Lindi...

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    - +
    @@ -238,12 +163,12 @@
    By - Lydia Anyango
    - + Daniel Mukosia
    +
    -

    Not Your Typical Vegetable Kiosk

    -

    This is Julius Odhiambo. He owns a vegetable kibanda and has been using Community Currency called Bangla-Pesa, which is part of the...

    +

    Gatina Business Organization and the Love School Success Story

    +

    Love School is one of the schools that has enabled children to acquire education by allowing them to pay part of their school fees and...

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    - + +
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    By + Daniel Mukosia
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    +
    +

    Lindi Business Network Gumbaru Trainings

    +

    Empowering women is a great ways to boast our economy . This however doesn't come without facing challenges of Illitracy among most...

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    • +
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    By + tatiana.rubiano.goubert
    + +
    +
    +

    Empowering Mothers

    +

    Sarafu-Credit: empowering strong women who never stop fighting for their families wellbeing We are joining together to celebrate mothers’...

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    @@ -264,11 +239,11 @@
    By Will Ruddick
    - +
    -

    Queen of Katwe

    -

    If there is one movie this year that captures the life we see here in East Africa each day it is the Queen of Katwe. There is so much...

    +

    Rural Community Currencies for Food Security

    +

    The Miyani area in Kenya has been identified by Red Cross and the World Food Program as food insecure for over 5 years. Red Cross along...

    @@ -280,7 +255,57 @@
    - + +
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    By + Crystal Kigoni
    + +
    +
    +

    Tree of Knowledge and Pit of Ignorance: Aid vs. Development

    +

    Since beginning in the field of “development” over 10 years ago every time I visit a new community I find there is a lack of...

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  • +
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    +
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    By + Marion Cauvet
    + +
    +
    +

    A Wonderful Experience in Miyani

    +

    I am a French researcher involved in an MSc Agricultural Development at the University of Copenhagen. I am very interested in Community...

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    +
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    +
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    +
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    @@ -289,36 +314,11 @@
    By Will Ruddick
    - +
    -

    Here We Are - Kenya 2016

    -

    Happy holidays! We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has...

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    By - Ruth Mwangi
    - -
    -
    -

    Education and Business Cycles

    -

    A lot has been said about the education system in Kenya. The introduction of free primary education in 2003 was received with mixed...

    +

    Ending Our 2017

    +

    Dear Friends and Stakeholders, In just three years, Grassroots Economics grew from a community group working to help improve living...

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    ⇇ « - Page 7 / 14 + Page 7 / 16 » - ⇉ + ⇉

    diff --git a/output/index8.html b/output/index8.html index db55f05..c4fb1c0 100644 --- a/output/index8.html +++ b/output/index8.html @@ -80,7 +80,7 @@
    - +
    @@ -89,11 +89,11 @@
    By Will Ruddick
    - +
    -

    Accolades for Kenyan Community Currencies

    -

    Community Currencies in Kenya have gotten a lot of lime light this month! Ruth Mwangi our Program Director has been honored to visit the...

    +

    Community Currency Design Course Opening

    +

    Grassroots Economics has opened up its archives of design and implementation to students world wide through a hands-on, practical course...

    @@ -105,132 +105,7 @@
    - -
    -
    - -
    -
    -
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    By - Will Ruddick
    - -
    -
    -

    715 Members and Growing Fast

    -

    Sarafu-Credit users in five locations around Kenya have increased by over 83% since January 1st. Our Super Markets and Credit Clearing...

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    By - Caroline Dama
    - -
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    Mangroves and the Eco-nomy

    -

    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near...

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    By - Ruth Mwangi
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    Super-Market Super-Currency

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    Hundreds and hundreds of settlers in Nairobi's Kawangware informal settlement will soon benefit from access to low priced goods...

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    By - Will Ruddick
    - -
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    Sarafu-Credit Takes Shape

    -

    We began the year by looking at our successes and challenges with five Kenyan community currencies in 2015. Out of this came the...

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    @@ -239,11 +114,11 @@
    By Lydia Anyango
    - +
    -

    Bangla-Pesa Market, Shoes and Permaculture

    -

    Finally! The Bangladesh Business Network Market Day was a big success. Bangla-Pesa members gathered together to sell their goods and...

    +

    Post Election 'Syndrome' and New Economies

    +

    Election violence broke out in areas across Kenya this year and was concentrate in the lowest income areas. There is still a lot of...

    @@ -255,7 +130,7 @@
    - +
    @@ -263,12 +138,12 @@
    By - Caroline Dama
    - + Will Ruddick
    +
    -

    Permaculture School Farm Via Bangla-Pesa

    -

    Two neighboring schools St. Peter's & Paul's and St. Angeline are being trained and equipped to design, build and maintain a community...

    +

    Berkshares and Bangla-Pesa

    +

    The Schumacher Center for a New Economics has supported us with inspiration and advice since we began with Eco-Pesa in 2010. Before...

    @@ -280,7 +155,108 @@
    - + +
    +
    + +
    +
    +
    +
    By + Daniel Mukosia
    + +
    +
    +

    Skylife School and Community Currency

    +

    Grassroots Economics works with communities across Kenya to develop systems that allow parents to pay for their children's education...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
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    + +
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    +
    +
    By + Daniel Mukosia
    + +
    +
    +

    Nairobi Coordinator Inspiration

    +

    For the first three months I started working as a volunteer. I am able to get in touch with different business individuals in all the...

    + +
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    +
    +
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    • +
  • +
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    + +
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    By + Steve Okuku
    + +
    +
    +

    Biz Dev - Inspired

    +

    Business development using community currency Being a business development coordinator whose main objective is to see communities’ assets...

    +
    +
    +
    +
    +
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    • +
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    @@ -289,11 +265,11 @@
    By Lydia Anyango
    - +
    -

    Mikindani Community Currency Market Day

    -

    The Kwa Ng'ombe Business Network held their 1st Market day on the 24th October 2015. Members came to sell and trade their goods at the...

    +

    Rural Miyani-Pesa Launched

    +

    Today we launched our first rural community currency! The event went well to initiate and train the first 20 members and set up a local...

    @@ -305,7 +281,7 @@
    - +
    @@ -313,12 +289,37 @@
    By - Ruth Mwangi
    - + Thibaud Dezyn
    +
    -

    Nairobi's 1st Community Currency Anniversary

    -

    Gatina-Pesa is the first group of 3 Community Currencies in Nairobi to Celebrate their 1st Anniversary on October 10th. With now over 120...

    +

    Preliminary Research Results 2017

    +

    Grassroots Economics currently facilitates Community Currency programs for 1140 businesses across 5 communities which report both social...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
    +
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    + +
    +
    + +
    +
    +
    +
    By + Lydia Anyango
    + +
    +
    +

    Foundational Member Passes

    +

    It is sad to announce the sudden death of Dominic Okello (in the middle) who passed on early May 2017. He is a resident of Bangladesh...

    @@ -330,9 +331,9 @@

    ⇇ « - Page 8 / 14 + Page 8 / 16 » - ⇉ + ⇉

    diff --git a/output/index9.html b/output/index9.html index 0bfbba4..28c668f 100644 --- a/output/index9.html +++ b/output/index9.html @@ -80,7 +80,7 @@
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    @@ -89,11 +89,11 @@
    By Will Ruddick
    - +
    -

    Retreat and Renewal

    -

    September marked the first official renewal event for Bangla-Pesa after more than 2+ years in circulation (Starting in May 2013). The...

    +

    New Bills for a New Economy

    +

    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The...

    @@ -105,7 +105,7 @@
    - +
    @@ -113,12 +113,12 @@
    By - Will Ruddick
    - + Daniel Mukosia
    +
    -

    1st Community Currency Market and More

    -

    September 12th Community Currency groups in Mombasa and Nairobi both held simultaneous events. One was a community market and games day...

    +

    Detergent Accelerator

    +

    Julius Nyelele has been a member of Lindi Business Network for more than one year. He is a roadside seller of washing detergents and body...

    @@ -130,7 +130,107 @@
    - + +
    +
    + +
    +
    +
    +
    By + Lydia Anyango
    + +
    +
    +

    Not Your Typical Vegetable Kiosk

    +

    This is Julius Odhiambo. He owns a vegetable kibanda and has been using Community Currency called Bangla-Pesa, which is part of the...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
    +
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    + +
    +
    + +
    +
    +
    +
    By + Will Ruddick
    + +
    +
    +

    Queen of Katwe

    +

    If there is one movie this year that captures the life we see here in East Africa each day it is the Queen of Katwe. There is so much...

    +
    +
    +
    +
    +
    +
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    • +
  • +
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    By + Will Ruddick
    + +
    +
    +

    Liquidity Risk in Community Currency

    +

    We're very happy to start the year with a visit from our Director of Risk Management Jimmy Heyns from Belgium with over 18 years of...

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    • +
  • +
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    + +
    +
    + +
    +
    +
    +
    By + Will Ruddick
    + +
    +
    +

    Here We Are - Kenya 2016

    +

    Happy holidays! We're seeing the power of community currencies in developing thriving communities and prospering economies. This year has...

    +
    +
    +
    +
    +
    +
    +
    • +
  • +
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    @@ -139,11 +239,11 @@
    By Ruth Mwangi
    - +
    -

    Smep Oiko-Credit Loans in Kangemi

    -

    SMEP a local OIKO-Credit partner is offering Loans and Training to Community Currency users in Kangemi and Kawangware. They have started...

    +

    Education and Business Cycles

    +

    A lot has been said about the education system in Kenya. The introduction of free primary education in 2003 was received with mixed...

    @@ -155,7 +255,7 @@
    - +
    @@ -164,11 +264,11 @@
    By Will Ruddick
    - +
    -

    Lindi and Ng'ombeni Pesa Launched

    -

    The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in...

    +

    Accolades for Kenyan Community Currencies

    +

    Community Currencies in Kenya have gotten a lot of lime light this month! Ruth Mwangi our Program Director has been honored to visit the...

    @@ -180,7 +280,7 @@
    - +
    @@ -189,11 +289,11 @@
    By Will Ruddick
    - +
    -

    African Community Currencies Update

    -

    Kenyan Community Currencies Nairobi Gatina-Pesa – The Gatina Business Network's members have been saving their Kenyan Shilings together...

    +

    715 Members and Growing Fast

    +

    Sarafu-Credit users in five locations around Kenya have increased by over 83% since January 1st. Our Super Markets and Credit Clearing...

    @@ -205,7 +305,7 @@
    - +
    @@ -213,112 +313,12 @@
    By - Ruth Mwangi
    - + Caroline Dama
    +
    -

    5 Kenyan Community Currencies Meet

    -

    Saturday, 27th June will remain a day to remember for various Business Networks in Kenya. A total of five Business Networks united by a...

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    By - Will Ruddick
    - -
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    Municipal Bonds and Community Currency

    -

    A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing...

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    By - Robin Gerbaux
    - -
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    Kibera's Lindi-Pesa Gaining Momentum

    -

    June 6th 2015 was bound to be a typical morning in Kibera - but Saturday morning, the inhabitants of Kibera, the biggest slum of Nairobi,...

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    By - Robin Gerbaux
    - -
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    Update from Kangemi-Pesa Nairobi

    -

    It has been only 2 months since the members of Kangemi Business Network launched their community currency and received their 400...

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    By - Will Ruddick
    - -
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    Berg Rand Launches in South Africa

    -

    The Berg Rand or BRAND - which means 'Fire' Money in Afrikaans, had an amazing launch today! The FlowAfrica team lead by John Ziniades...

    +

    Mangroves and the Eco-nomy

    +

    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near...

    @@ -330,9 +330,9 @@

    ⇇ « - Page 9 / 14 + Page 9 / 16 » - ⇉ + ⇉

    diff --git a/output/interactive-village.html b/output/interactive-village.html index 2185f98..7821252 100644 --- a/output/interactive-village.html +++ b/output/interactive-village.html @@ -97,12 +97,10 @@
    -

    This episode goes through the basic premises of community currencies and how they affect economies. The simulator takes an agent based approach to simulating basic economic intereactions with two currencies. Field surveys from (7) locations across Kenya and South Africa suggest that the fragility of local markets due to exogenous market conditions gives rise to volatile local markets that result in chronic seasonal illiquidity and local market stagnation. Further data suggests that endogenous sources of liquidity through circulating vouchers refered to as Community Currency (CC) can counteract these seasonal trends and increase overall trade volume.

    - -

    What is especially exciting about this one is that it will be available in Github and you can play with all the bells and whistles, and experiment by yourself how changing different variables affect trade within the village.

    -

    What is especially exciting about this one is that it will be available in Github and you can play with all the bells and whistles, and experiment by yourself how changing different variables affect trade within the village.

    -
    -Github
    +

    The 5th installment of the Village Market Simulator series is now online! You can find it on YouTube or in the 'Simulations' section of our MOOC.

    +

    This episode goes through the basic premises of community currencies and how they affect economies. The simulator takes an agent based approach to simulating basic economic intereactions with two currencies. Field surveys from (7) locations across Kenya and South Africa suggest that the fragility of local markets due to exogenous market conditions gives rise to volatile local markets that result in chronic seasonal illiquidity and local market stagnation. Further data suggests that endogenous sources of liquidity through circulating vouchers refered to as Community Currency (CC) can counteract these seasonal trends and increase overall trade volume.

    + +

    What is especially exciting about this one is that it will be available in Github and you can play with all the bells and whistles, and experiment by yourself how changing different variables affect trade within the village.

    Make sure you have python running on your computer and have fun with the code!

    diff --git a/output/investment-modelling.html b/output/investment-modelling.html new file mode 100644 index 0000000..3c1f09e --- /dev/null +++ b/output/investment-modelling.html @@ -0,0 +1,162 @@ + + + + grassroots-pelican - Investment Modelling in Community Inclusion Currencies + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Investment Modelling in Community Inclusion Currencies +

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    + By Will Ruddick +
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    While Community Inclusion Currencies (CICs) have been shown to increase local trade they can also be a vehicle for collective share holding and impact investment. A large portfolio of CICs could represent millions of dollars of investment while the circulation of the CIC could enable billions of dollars of trade in marginalized communities. All the equations and graphs in the examples below can be here can be found on GitHub here..

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    We can approximate that the overall impact of a CIC on the economy is proportional to its circulation rate times its total market capitalization i.e. Impact ~= Velocity*(CIC_Supply * Exchange_rate) based on the arguments below and typical usage we should see a cycle of states where CICs starts with an exchange rate of 1:1 with its reserve (currently a National Currency based Stable Coin DAI) followed by the exchange rate moving in either direction. If seen as an investment opportunity and more reserve is added and more tokens are created (as shares of those reserve added) then the exchange rate will increase.

    +

    A typical share price of a company is based capital assets, augmented by investors expectations. Instead with a CIC your share price (exchange rate) is based on known underlying reserves Exchange Rate P = L * Reserve / Supply (L is our leverage as a variable on the smart contract L = 1/F below) and the bonding curve equations as originally defined by Bancor's smart contract:

    +

    As more reserve is added, less and less supply (shares) are created and the share value (exchange price of the CIC token to its reserve) increases. (eq1: Minting)

    + +

    S = the entire supply of CIC tokens, R = the entire Reserve in National Currency and F = 1 / Leverage

    +

    As supply of CIC is cashed out or burnt/(reserve redeemed) then less and less reserve is released then that share price drops. (eq2, Redemption)

    + +

    Once the price moves up it is because people believe they will get something of value for it in the near to long term holding. Either they will buy a product at market or under market rates using the CIC or they will hold the CIC in order to use it later when the exchange price is higher (a longer term investment). As more people add to the reserve the price will eventually rise high enough that the long term holders will want to cash out (say once it reaches a plateau – forced or market based). This liquidation of long term holders will cause the price to drop and could cause a cascade effect reducing the reserve to near zero.

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    Once at near zero reserve the remaining CICs in circulation have a near zero exchange rate and so trading will slow down as people lack confidence to accept it for goods and services. But this is also an investment opportunity. At such a low reserve and hence exchange rate, putting more reserve in and minting new tokens is quite cheap. This investment would lead to a middling reserve period whose momentum may bring the currency all the way back to 1:1 with the national currency and even farther to a high reserve period.

    + +

    These four reserve cases (zero, low, middling, and high) are shown above with their relative merits and detriments. Note that the cycle above is just one possible cycle that we see in the CICs in Kenya and is generally caused by donor aid.

    +

    Some challenges therein: +1. No investment: Should the currency not allow investors a return they will see no reason to invest in the first place - no matter the transaction velocity, there will be insufficient capital behind it to scale. What keeps the currency alive? - both the reserve and the social capital behind it. When the reserve runs out, can someone still use the currency for some good or service at market value? (This is expected market stabilization) If so, then there is a huge local short term investment opportunity (i.e. to buy products at cheaper rates - in this case is arbitrage) – which could translate into a medium and long term investment opportunity.

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      +
    1. Fast Liquidation: should investors cash out too soon and too much the currency may be too volatile and may never build enough market confidence to reach high transaction amounts with sufficient capital to have high impacts.
      2. +
    +

    In example 1 below we show the effect of social backing on problem (1) and in example 2 we have the effect of investment on problem (2) above.

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    Example 1. Maize Miller

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    For example. If I run a maize mill (a cooperative owned by 25 women in Kenya) and I create a CIC at 4x leverage and put in 100 USD into reserve and mint 400 CIC tokens. Then my Price is 4*100/400 = 1. If I can spend those 400 tokens as if they were equal to $1 on labor and other local needs (rent, school fees, water) then I would have multiplied my purchasing power. If everyone returns those tokens to me for my maize – I will have simply given myself an advance on my own maize. I could then cash out my share to pull back out the 100 USD that was simply acting as collateral there. My profit is zero but I have increased my turnover.

    +

    Let’s say there is now a reserve remaining of $58.6 and 350 tokens remaining and let’s say all these remaining 350 tokens are returned to the maize mill for $350 USD of flour. So, I, the maize mill, now have 350 tokens backed by $58.6USD in reserve and a price of P = 4X $58.6/350 = $0.67USD. Well, I - the maize miller, have gotten $400 USD of labor costs and spent $350 USD in product and am remaining with $58.6 USD of reserve. Meaning that I got an overall $100 in wages reduction – redemption in product at the cost of $41.4USD of my reserve). My profit here is the $400USD in labor I received minus the loss of $350USD of stock + $58.6USD of reserve minus the $100 of reserve initially used = $8.6USD. While the seller of tokens took a loss of $50USD(labor) - $41.4USD(reserve received) = $-8.6USD.

    +

    In this case the community are being incentivized to use the tokens at the maize mill or other CIC accepting businesses, rather than cashing them out. But now that the maize miller has all the tokens again buyers of flour should be able to put in more reserve themselves and mint tokens at the market price of $0.67USD to make a profit themselves.

    +

    Let’s say the one buyer of maize who lost above by cashing out, decided to take all his $41.4USD that he cashed out and put it back into the reserve? This automatically creates for him 50 tokens [eq1] so the total supply of tokens now is 350+50 = 400 and there are now $58.6+$41.4 = $100USD in reserve. The 400 tokens are now worth: P = 4* $100/400 = $1.00USD in exchange value (back to parity).

    +

    In all three stages here $400, $350 and $50 = $800USD of flour was consumed and another $400USD + 400 USD of Labor was purchased that is $1600 USD of trade based on a reserve of $100USD being leveraged into 400 tokens which circulated 4x for a total impact of 16x when compared to just spending the reserve. Again if we assume Impact ~= Velocity*(Supply * Exchange rate) and we 4x the supply and 4x the circulation and average out the exchange rate to 1. This could continue on and on resulting in more and more trade facilitated.

    + +

    So there is a key assumption here: That the CIC issuer will accept CIC’s for flour pegged 1:1 with the Research (National Currency). If the issuer – maize mill owner decides to gouge clients after spending at full rates then people will not accept the CICs for labor at full rates in the future. This represents the social backing of the voucher and gives someone a reason to put in money into the reserve when the price is low.

    +

    Now given a market with many CIC issuers, if an issuer decided to price gouge clients – those clients have other options – they can convert their CIC to another CIC issuers token.

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    If the CIC issuer wants to continue using CICs in order to buy labor and increase turnover and is assured, there will be some buyers in the future he is obligated to continue accepting CICs at the same rate he spent them in the first place (1:1 with National Currency).

    +

    If we imagine the primary market is the maize seller and buyers and the secondary market is the smart-contract (eq,1&2) then a third market could be impact investors and humanitarian aid providers. This is where long term CIC buyers and holders can come in. They can do two important things – contribute initial seed funds to reserves to offset risk for a CIC issuer and they can purchase CICs when the price is low and sell them when it is high. This second function is similar to an insurance fund which could be automated and holds both CICs and their reserve and continually readjusts the price within a band.

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    Example 2 – Impact Investor:

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    Let’s say I am an impact investor and I see the situation happening above over a 1 year period and I believe it could happen much faster. So at the end of the 1st period when the price has dropped I decide to put in $10.0 USD into the reserve and create 14 tokens (eq1) and then wait until someone else puts in another $31.4 USD to buy more maize locally. At that point the price has climbed back up to $1USD (parity with reserve) and I cash out all my 14 tokens to receive $13.33USD. I have gotten a 33% return on my investment of $10USD and dropped the token price back down to $0.7 USD. If I take my original $10 out of the system, I'll be left with ~3USD of tokens which I can just leave there as a donation or further investment – that will continue to enable trading and circulation.**

    + +

    Practically we restrict (eq2) how fast someone can cash out their tokens by having them vest over time, to ward off the case where someone drops the token price dramatically in a short period. So as an investor I can take out my profit slowly and must therefore leave in my principal for a longer period - building market confidence.

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    Also note that if instead of $100 USD in reserve we have $100,000 USD in reserve and create 400,000 CIC tokens (these could be aggregated over many CICs) and our investment is $10,000 USD, I would pull out $13,333 USD in the end and could donate the $3,333 profit. The net effect is that I lent 10K when it was most needed.Rather than extracting wealth from marginalized people, an impact investor has invested capital in boosting the local economy of CIC holders.

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    With a CIC portfolio of millions of dollars’ worth of many CICs there is ample room for investment and at the same time - with ~5x the circulation than National Currency we could see billions of dollars of trade in marginalized communities. CICs incentivize wealth creation with minimal capital because they drive internal trade and penalize external trade. Users have abundant internal liquidity, but if a CIC holder really needs reserve (dollars), they can get them (at a small premium which they can afford). All the equations and graphs here can be found on GitHub here..

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    #investment #modeling #bondingcurves #CIC

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    + + + + \ No newline at end of file diff --git a/output/kakuma-refugee.html b/output/kakuma-refugee.html index fb9978a..faf4166 100644 --- a/output/kakuma-refugee.html +++ b/output/kakuma-refugee.html @@ -97,20 +97,17 @@
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    After hearing about Sarafu local leaders of a small community group started building a support network in their community. Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow their collective farming even when there are no shillings available.

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    After hearing about Sarafu local leaders of a small community group started building a support network in their community. Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow their collective farming even when there are no shillings available.

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    -hearing about Sarafu
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    Here the FHE group in Kakuma are meeting to talk about community farming and community inclusion currencies which they learned more about after a trip to Siaya Kenya..

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    Here the FHE group in Kakuma are meeting to talk about community farming and community inclusion currencies which they learned more about after a trip to Siaya Kenya..

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    -FHE group in Kakuma
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    After hearing about Sarafu local leaders of a small community group started building a support network in their community. Nyota explains below how after living in the refugee camp for 10 years, Sarafu has helped her to maintain trade with her community and grow their collective farming even when there are no shillings available.

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    Here the FHE group in Kakuma are meeting to talk about community farming and community inclusion currencies which they learned more about after a trip to Siaya Kenya..

    Here the Kaukuma community leaders traveled to Siaya to learn about how Sarafu is used there and about community farming practices that Sarafu helps to make economically sustainable (circular economy). Communities teaching other communities how to use Community Currency is always the best way to share.

    This is the beginning of a new community farm in Siaya where the Kakuma team was learning. The poster is showing the intention of the community farm and soil regenerative practices that are being used. Below is a testimonial of one of the farmers in Siaya that taught the Kakuma refugees to follow their example to build a strong local economy.

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    diff --git a/output/kangemi-pesa-launch.html b/output/kangemi-pesa-launch.html index 74d84e6..89c8e86 100644 --- a/output/kangemi-pesa-launch.html +++ b/output/kangemi-pesa-launch.html @@ -97,7 +97,7 @@
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    Kangemi-Pesa is launching on April 4th 2015! After six months of preparation the Kangemi Businessness Network has reached over 100 members-including small shops, tailors, teachers, suppliers, resalers, restaurants and much more. Each member on the launch day will be allotted 400 Kangemi-Pesa of which 200 goes toward a community fund to pay for trash collection and other community efforts. The Kangemi-Pesa is backed by the goods and services of the community.

    Along with Bangla-Pesa, first launched in 2013 and Gatina-Pesa launched in 2014, Kangemi-Pesa is the third of what will be six community currencies trading in Kenya by the end of this year. Kangemi-Pesa's introduction and launch was suported by Lush Cosmetic. Neighboring Gatina-Pesa in Kawangware will be tradable with Kangemi-Pesa. These business networks form the core of a decentralized banking system for Nairobi County. Coming soon are currencies in Kibera as well as two more in Mombasa County. We are also excited to be supporting the implementation of programs in South Africa and are looking forward to a community currency being launched there in May!

    Experiences from Community Currency users remind us of why these programs are important. John Wacharia has a small Kinyozi (Barber shop), and when there was a system wide power outage for three days, he told us, "Bangla-Pesa allowed me to provide for my family, eat and survive when I could no longer work". These programs form a buffer system against unstable markets by allowing people to trade their goods and services even when they don't have Kenyan shillings. So far each one of these currency programs creates an additional 3 million shillings of trade each year. Networked together, hundreds of these programs could increase the GDP by more than a Billion dollars.

    diff --git a/output/kangemi-pesa-launched.html b/output/kangemi-pesa-launched.html index 00739da..23b3a29 100644 --- a/output/kangemi-pesa-launched.html +++ b/output/kangemi-pesa-launched.html @@ -97,7 +97,7 @@
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    Overcoming many obstacles in a shaken Kenya, we had an amazing launch today of the third community currency in Kenya! Kangemi-Pesa is also tradeable with Gatina-Pesa their neighboring community, who came out in force to support the program along with the area chief. These two community currencies are the beginning of a grassroots economic network of decentralize monetary systems.

    The event was honored with students and teachers from 8 different schools in the area that will be accepting Kangemi-Pesa for school fees - helping to raise the salaries of local teachers by allowing parents to pay with their goods and services.

    We are also on track to launch Lindi-Pesa in Kibera, and two more currencies in Mombasa this year! These programs would not be possible without Nyendo a German organization that works with local schools, LUSH who have helped sponsor our Nairobi programs and DOEN who are helping with our Mombasa programs. Chiemgauer and Regios from Germany also kindly helped with printing of the Kangemi-Pesa.

    diff --git a/output/kenyan-women.html b/output/kenyan-women.html new file mode 100644 index 0000000..566c406 --- /dev/null +++ b/output/kenyan-women.html @@ -0,0 +1,144 @@ + + + + grassroots-pelican - Kenyan Women - Ahead of the IMF + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Kenyan Women - Ahead of the IMF +

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    IMF's latest working paper shows that debt creation is the main source of money creation - commercial banks (not central banks) create and inflate the money supply through loan issuance based on market demand. The paper goes on to establish the possibility of Central Bank Digital Currencies (CBDC) echoing a the IMF's wish for a Revised Chicago Plan.

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    "This is a starting point to explain the systemic flaw of our monetary system, and recurring economic crises pattern." - Vincentius Arnold

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    Community Inclusion Currencies built on Central Bank Digital Currency reserves would de-risk and decentralization the commercial banking system. If Central Banks were required to hold 100% reserve in CDBC and issue their own inter-operable credits and not issue / inflate National Currency like they do now - they might use something similar to Community Inclusion Currencies.

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    Some highlights of the IMF working paper include:

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    • "the fact that the money stock is endogenously and elastically driven by demand and constrained loosely by regulation.
      • +
    • "we highlight that liquid funds are required to back the transfer of newlycreated, initially illiquid loans and deposits in a multi-bank system. Liquid funding needs do not negate the fact that banks create money “out of nothing.”
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    • "how Central Bank Digital Currency (CBDC) systems would be designed in terms of credit provision,which, if backed 100 percent by the new digital currency, would resemble the Chicago plan of the 1930s
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    For a primer on where the IMF is going with this, they released a Revised Chicago Plan in 2012:

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    For a primer on where the IMF is going with this, they Revised Chicago Plan in 2012:

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    "The basic idea is that banks should be required to have full coverage for money they lend; this is called 100% reserve banking, which would replace the fractional reserve banking system and reduce inflation."

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    How does this relate to Community Inclusion Currencies (CICs)?

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    CICs are 100% backed by reserve - (ala the Revised Chicago Plan via a synthetic National Currency ala DAI via Maker DAO and AMA). The reserve is leveraged into a credit supply (CICs) with a variable value based on bonding curves originally created by Eyal Hertzog which he calls the Bancor Protocol.

    +

    If banks were to create credit in the same manner of CICs it would mean that they would lock 100% reserves into a verified on-chain collateral (no more loose regulation). A bank with 1 Million USD of reserves would be able to issue 4 Million Tokens. These tokens would have a variable rate depending on the reserve behind them. We would not call them US Dollars or Kenyan Shillings - they would be the Banks credit (Wells Fargo Cash, Barclays Bucks, etc) and only have a one-to-one value with National currency IF they have sufficient reserve.

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    What is important about this concept is that it de-risks credit issuance and can be done ala secure and transparent blockchain contracts. What is revolutionary about it is that women's groups in Kenya are already doing this. They are locking Kenyan shillings (donor supported) and creating their own credit systems (unique to their village) - without inflation. $100 USD locked into such a CIC reserve creates 400 tokens that are used as a local medium of exchange and being valued locally as a social credit 1:1 with the National Currency. This provides a substitute for lacking Kenyan Shillings - while still allowing exchange into Kenyan Shillings and market stabilization. If a CIC's reserves are depleted and the issuer (a group of women or even a bank) is offering services, market forces will rebuild that reserve in order to mint CICs and purchase those services. CICs are essentially a share of the common's economy using them.

    +

    Current banking policies are not working to enrich or support marginalized communities - rather they are extractive. Could the IMF and Commercial banks learn from women in rural Kenya how to create a decentralized and de-risked (transparently 100% backed) credit system? - I think so.

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    + Kenya's Food Exports vs Food Aids +

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    + By Will Ruddick +
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    Amazing as it may sound Kenya exports over 3 billion dollars worth of food!

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    The World Food Program says that Kenya has a yearly need of $300 million USD to pay for food aid, while exporters brag that Kenya exported roughly $3 billion USD in food products in 2010.

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    For every one dollar in food-aid Kenya receives, it exports ten dollars of food! How can this be?

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    • When fertile land in Kenya is extremely scarce (less than 10% arable land) and over 1 million people in the country are receiving food aid each year?
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    • In a country experiencing mass poverty , where does this $3 billion USD go?
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    • If Kenya can produce that much food and EXPORT it ... (The cultivation of fruits, vegetables and flowers alone earned
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    USD in 2011.) Why does it need food aid every year?

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    Whatever way you want to classify it, Kenya is exporting a lot. In a fair and just world the country should be wealthy and just one starving child should be headline news. Instead Kenya is a country where millions barley survive on less than a dollar a day.

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    Let this sink in. These numbers boggle the mind .

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    Simply put, the companies that are exporting the food, flowers and coffee are mostly foreign owned. The vast majority of the $3 billion dollars does not stay in Kenya. Kenyan minimum wage is about $2 dollars per day. This is not enough money to put children through school and improve your family home. While many Kenyans are employed by these companies, few find the ability to move ahead in life. With poor working conditions and little benefits many Kenyans are simply trapped in these jobs and are unable to save money.

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    Is Kenya becoming more and more of a Banana Republic and following the poor example of countries like Guatemala ?

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    How does the Kenyan political class allow this? Ministers of Agriculture in Kenya have a long history of making deals that favor large corporations and not common Kenyans. Is this unfettered capitalism? Can a corporation buy up as much land as they want in Kenya, give Kenyans a meager wage and pay off the correct politicians, and walk away with millions in profit?

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    If NGO's and world-wide aid organizations see the amount of food being exported from Kenya, why are they still sending aid?

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    Alan Coyne an international aid worker and human rights activist gives aid organizations the benefit of the doubt by stating, "corruption in Kenya is so ingrained that aid organizations like UNFP can do nothing against it. So they simply give food. Not only is the problem corruption but political power and land ownership has been handed down from generation to generation." Indeed, the richest man in Kenya is Uhuru Kenyata, the son of the first president and owner of at least 500,000 acres. (Currently running for president while also facing charges at the ICC).

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    Price Waterhouse Coopers found Kenya to be the most financially corrupt country in the world; yes, above Nigeria and Mexico. Transparency International lists Kenya among the worst countries for corruption. UN reports also list Kenya as having the biggest inequalities in Africa.

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    Regardless of how we got here, current solutions, like food aid, are not solving the problem.

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    So what are some solutions?

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    • Tackle corruption as the major cause of all of Kenya's development problems. Promote Kenyans to take an active roll in making sure Kenyans are not being exploited and can grow their own food. Kenya needs accountable leadership: Look at how both the US and Japan subsidize their farmers and limit imports.
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    • Kenya instigates regional and a national complementary currency systems to incubate and promote local production similar to the Swiss WIR.
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    • Kenyans take over management and control of foreign owned corporations; promoting Cooperatives like the Rumuruti Forest Association.
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    • Businesses make sure that companies are majority locally owned, and are socially responsible to make sure there is no need for food aid.
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    • International food aid stops! Food aid for Kenya should come from Kenya ... period. Obviously there is enough food being produced in Kenya to feed Kenyans. Aid food kills the market for local industries.
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    • Foreign aid funding is directed solely at fighting corruption, building cooperatives and supporting Kenyan-owned businesses.
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    Lets put a stop to all this nonsense that is causing more and more people to suffer!

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    #environment #agriculture #corruption #aid

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    June 6th 2015 was bound to be a typical morning in Kibera - but Saturday morning, the inhabitants of Kibera, the biggest slum of Nairobi, saw their daily routine disturbed by the sound of children, tamtam, klaxons and a megaphone when a vibrant and empowered group marched through the streets, cheering and distributing flyers about something called “Lindi-Pesa“.

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    June 6th 2015 was bound to be a typical morning in Kibera - but Saturday morning, the inhabitants of Kibera, the biggest slum of Nairobi, saw their daily routine disturbed by the sound of children, tamtam, klaxons and a megaphone when a vibrant and empowered group marched through the streets, cheering and distributing flyers about something called “Lindi-Pesa“.

    The march was organized by the Lindi Business Network to raise awareness in the community of Kibera about Lindi-Pesa, the third community currency of Nairobi that will be launched in the coming months. The group already has over 120 small businesses pre-registered and waiting for the launch!

    The group that attended the march was composed of members of Lindi Business network that answered the call of the committee members equipped with a megaphone, pupils from member schools, a group of drummers and a dozen boda-boda's (motorcycles). Members of the committees of Kangemi Business Network and Gatina Business organization were also there to represent the already existing currencies (Gatina-Pesa and Kangemi-Pesa).

    The march across Kibera was 3 km long and the lasted two hours. The businesses along the way were given flyers about the community currency and the chairman lost his voice speaking through the megaphone! The walkers were very energetic and even the rain didn’t stop the older members of the troop from dancing to the rhythm of the drums.

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    The march was a success and we hope, as the chairman of Gatina Business Organisation told the participants of the march, that the Lindi-Pesa will surpass in users and dynamism all the other currencies launched so far.

    About the author - Robin Gerbaux is studying International Development Studies as a graduate student at the Université Joseph Fourier, in Grenoble, France. He has been investigating community currencies while living in Nairobi.

    Many thanks to our partners Nyendo-lernen, Lush Cosmetics and DOEN for making this a reality.

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    #kibera #nairobi

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    #kibera

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    #nairobi

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    #kibera #nairobi

    diff --git a/output/kilifi-kenya.html b/output/kilifi-kenya.html new file mode 100644 index 0000000..222cb0e --- /dev/null +++ b/output/kilifi-kenya.html @@ -0,0 +1,160 @@ + + + + grassroots-pelican - Kilifi Kenya - a hub for Community Driven Basic Income + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Kilifi Kenya - a hub for Community Driven Basic Income +

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    The current reality is that following Covid-19 many have fallen deeper and deeper into debt. However, most individuals would still not openly disclose this reality to avoid the negative connotation that comes with owing. Imagine a world where household debt is no longer an individual burden, but rather a tool to build a strong local economy? Instead of waiting for Kenyan Shillings from the government or donors, basic income programs built via community currencies like Sarafu are communalizing and trading debt to reduce poverty. A perfect example of this is the diverse and welcoming population of Kilifi, who have begun to accept a basic income (locally called Sarafu) for goods and services, as a way of reverting the loss they would have incurred through stagnate loans and markets.

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    Residents of Kilifi like Kimmy Katana above at Red House, are accepting their role in driving economic change by embracing a different outlook to financial freedom.

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    The implementation of a basic income program in Kilifi, as developed by Grassroots Economics and supported by the Kenya Red Cross Society (KRCS), helps ''Kilifians'' choose to collectively curb the issue of prolonged debt amongst the vulnerable in the community. Thanks to the local sub-chief, Mr. Tony Tuva, the program exists as hope for a better future by empowering communities to build prospering economies.

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    What Sarafu means for me…

    + +

    When a Kilfi resident, like Pascaline Wanjiku, accepts to receive Sarafu, she offers her customers a way out of debt. This means that rather than continuing my debt streak, I get an opportunity to clear my existing debt with the Kenya shillings I save when I purchase her bed sheets using Sarafu. Apart from helping the community, a user like Jesse Komora (a boda boda) accepting Sarafu from Pascaline for a ride then re-spending it to buy a shirt, is ensuring circulation continues rather than stagnation of debt and local markets.

    +
    +
    +

    Market Days

    +

    Kilifians come to weekly Sarafu market days to sell goods and services using basic income (Sarafu ya Jamii). One such market happens at Mnarani Chief’s office behind MTG grounds each Sunday and is an ideal place to meet other people who believe in community driven basic income. This is an opportunity to buy and sell with Sarafu to support yourself and the economy while exploring your social-entrepreneurial spirit.

    + + +

    Anyone can receive a basic income in Sarafu by dialing 384*96# or call 0757628885 for more information. **This national service is free and available to all Kenyans thanks to the Red Cross*. Kilifians who don’t need a basic income, often support others by giving theirs to those in need and accepting it for goods and services or in place of debt.

    +

    While these are the early days of Kilifi embracing a basic income it is wonderful to be part of such a vibrant and diverse community!

    +

    Follow the flow ...

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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
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    + + + + \ No newline at end of file diff --git a/output/kwaheri-2015.html b/output/kwaheri-2015.html index 03f6100..1eb366f 100644 --- a/output/kwaheri-2015.html +++ b/output/kwaheri-2015.html @@ -97,21 +97,17 @@
    -

    Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership dues in CC as a community fund to care for the needy. A lot has happened this year. With only ~2,000 Euros worth of CC in circulation between five networks, we're seeing as much as 350 Euros of daily trade. This makes a huge impact on the lives of small businesses and schools in informal settlements.

    + +

    Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership dues in CC as a community fund to care for the needy. A lot has happened this year. With only ~2,000 Euros worth of CC in circulation between five networks, we're seeing as much as 350 Euros of daily trade. This makes a huge impact on the lives of small businesses and schools in informal settlements.

    Trade Volume

    -
    • Amount in circulation: 216,000 Kenyan Shillings (1,911 EUR)
    • Daily Circulation estimate in November. 39,430 Kenyan Shillings. This is 18% of total in circulation traded daily. (358 EUR)* This is a low estimate for average yearly as we approach holiday seasons.
    • Monthly Circulation: ~1,118,000 Kenyan Shillings (10,750 EUR)
    • Yearly Circulation: ~14,000,000 Kenyan Shillings (129,000 EUR) This as new trade within five low income informal settlements.
    -

    The amount of trade is more than 200% higher than the amount of funding it has taken to setup these programs and will continue to grow.

    CC Users

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    CC Users

    -

    CC Users

    -
    • Business Network Members: 599
    • Schools: 18
      • @@ -119,62 +115,37 @@
    • Community Fund beneficiaries outside of Networks( such as service work participants): ~500.
    • Saving & Loan Members: ~100
    -

    Secondary Users

    -

    Secondary Users

    -

    Secondary Users

    -
    • Students: 540
    • Family members: ~3000
    • Surrounding communities depending on businesses and schools: 100,000 (at roughly 20k people in each community around the shops)
    -

    Typical CC Uses

    General Trade

    -

    General Trade

    -

    General Trade

    -
    • Increases to sales and customers
    • Not going hungry and stability during poor markets
    • Offering CC as change during National Currency sales.
    -

    Schools

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    Schools

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    Schools

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    • Higher enrollment and less student debt
    • Teacher salary advances
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    Open Air Markets

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    Open Air Markets

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    Open Air Markets

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    • Selling more stock and getting new clients
    • Public usage of CC during event
    -

    Savings and Loan

    -

    Savings and Loan

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    Savings and Loan

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    • Ability to save and invest. Networks savings increasing.
    -

    Community Services

    -

    Community Services

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    Community Services

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    • Waste Collection, care for the needy, sports events, networking and cooking, school events.
    -
    diff --git a/output/lindi-and.html b/output/lindi-and.html index 0f576d8..17a4ca7 100644 --- a/output/lindi-and.html +++ b/output/lindi-and.html @@ -97,15 +97,12 @@
    - +

    The 4th and 5th Kenyan Community Currencies were launched last week within a span of 7 days. We now have our 3rd Nairobi Currency in Kibera, known as the Lindi-Pesa - linking together with Kangemi-Pesa and Gatina-Pesa in Kawangware. In Mombasa, we have Ng'ombeni-Pesa, the first currency to branch out of Bangla-Pesa in Mikindani. These were our first launches to feature our new Community Currency User Guide and Quiz as well as directories for all the business and school members.

    These five Community Currencies in Kenya are significant not only because they network and empower more than 500 small businesses and schools, but also because they are able to grow horizontally by demonstrating to their neighbors how the programs work and what benefits they have. Each community currency is owned and operated by Community Based Organizations (CBOs) which are made up of small businesses and schools in the area that back and issue the currency.

    Lindi-Pesa comes from the Lindi-Location inside East Africa's largest slum – Kibera. With a shifting and growing population Kibera is reported to house up to half a million people, living in extremely harsh conditions. The Lindi Business Network consists of several schools, nurseries and more than 100 small businesses. This group of over 90% women run businesses, has already taken the community currency concept and run with it. The Lindi-Pesa launch was graced by the presence of the area Chief and the Deputy Commissioner officer (DC) who officially cut the ribbon on behalf of local government.

    Ng'ombeni-Pesa or (Cow Money) comes the the Kwa Ng'ombe area of Mikindani, Mombasa, not far from the original Bangla-Pesa location. A group of women took up the call to create a business network after they saw the example of Bangla-Pesa. While smaller than Lindi with roughly 85 members so far, they are growing fast. Women from the group used the currency launch event to put on a fashion show for dresses they created themselves, as well as to exhibit a variety of goods they make and sell - such as liquid detergent soap. In attendance was Hon. Twalib Badii the Member of Parliament who supported Bangla-Pesa during its shaky start in 2003. Also in attendance was a representative of the local Sentator and Women's representative, as well as Mr. Wangare the local Councilor.

    For their help in making these two currencies a reality we offer a special thanks to:

    -

    For their help in making these two currencies a reality we offer a special thanks to:

    -

    For their help in making these two currencies a reality we offer a special thanks to:

    -
    • For the Lindi and Ng'ombeni Business Networks - for taking on these programs and showing us how to use them.
    • Nyendo-lernen who are dedicated to helping Kenyan schools and are featured on the Lindi and Ng'ombeni vouchers.
      • @@ -115,11 +112,7 @@
    • Carol Opondo and Tatjana Posavec for their artistic talents doing the original art and graphic design for the currencies.
    • For the Grassroots Economics Team - especially Robin Gerbaux for his work on the directories and user guide - who will be heading back to France in September.
    -
    -

    South Africa: This last month the 2nd Community Currency following the original Bangla-Pesa model was launched in Kokstad, South Africa. We're extremely proud of the FlowAfrica.org team on there work there and hope they can keep up the momentum.

    -

    South Africa: This last month the 2nd Community Currency following the original Bangla-Pesa model was launched in Kokstad, South Africa. We're extremely proud of the FlowAfrica.org team on there work there and hope they can keep up the momentum.

    -
    -FlowAfrica.org
    +

    South Africa: This last month the 2nd Community Currency following the original Bangla-Pesa model was launched in Kokstad, South Africa. We're extremely proud of the FlowAfrica.org team on there work there and hope they can keep up the momentum.

    diff --git a/output/lindi-business.html b/output/lindi-business.html index 7409ffd..f2e5353 100644 --- a/output/lindi-business.html +++ b/output/lindi-business.html @@ -97,16 +97,10 @@
    - +

    Empowering women is a great ways to boast our economy . This however doesn't come without facing challenges of Illitracy among most members. Many of them lack reading and writing skills and others can't understand English.

    GE finds it's important to support the women and men through Gumbaru school. By paying 20 sarafu credit money people are able to assist classes taught by our volunteer Carol where they can learn basic reading and writing skills and thus be able to carry out daily financial transaction without any difficulties. The money received for these lessons is used to purchase chalkdust and pens at LBN shop in Kibera.

    -

    #education #sarafu

    -
    -#education
    -

    #education

    -
    -#sarafu
    -

    #sarafu

    +

    #education #sarafu

    diff --git a/output/liquidity-risk.html b/output/liquidity-risk.html new file mode 100644 index 0000000..5d5a241 --- /dev/null +++ b/output/liquidity-risk.html @@ -0,0 +1,143 @@ + + + + grassroots-pelican - Liquidity Risk in Community Currency + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    +
    +

    + Liquidity Risk in Community Currency +

    +
    +
    + +
    + By Will Ruddick +
    + + + + + +

    + +
    +

    We're very happy to start the year with a visit from our Director of Risk Management Jimmy Heyns from Belgium with over 18 years of international experience in the Financial Industry. As our community currencies move more and more toward cooperative toolsets for creating liquidity based on assets, we've been seeking to have a stronger and stronger credit policy.

    +

    As of 2016 there are thousands Complementary Currency Programs worldwide. Given this is still an unregulated industry the collateral requirements of the organization issuing community currency don't really exist. In the worst cases organizations can issue much more credit than they have any tangible backing for.

    +
      +
    • Generally all this credit ends up at the most popular shops
      • +
    • Those shops stops accepting it because they can't use it fast enough.
      • +
    • Other shops start to default – causing a chain reaction (reputation risk).
      • +
    • If everyone then wants to cash out – there isn't even enough euros (collateral) to satisfy them. This is basic Liquidity Risk. The organization is acting like an unregulated bank and issuing tons of uncollateralized credit to consumers.
      • +
    +

    If a community currency is being used in a commercial business – there must be some assurance that, that business won't get stuck with too much community currency. In the simulation there are enough cascading defaults that there is a critical system failure. Essentially the currency was a bubble that could not be sustained. This is bad for businesses and the economy at large.

    +

    When we first started we used mutual guarantee. Where members would back other members. And disputes were moderated. This was great at small scale but hard to implement for more than 100 business. So what we did was being to create cooperative businesses that were the liquid and asset collateral basis for the community currency.

    +

    So what do we recommend?

    +
      +
    • First that all currency is backed fully in cooperatively owned liquid and physical assets. This means creating cooperative businesses in these communities that offer security for the currency.
      • +
    • Second we allow for a steam release valve - which we call Credit-clearing. If you keep adding heat to a system – it gets too hot and needs a way to cool off – or it will explode. If business such as schools collect too much currency over a short period of time, we give them a way to exchange for national currency or other assets that the cooperative keeps as collateral.
      • +
    • The amount of liquid (cash) collateral vs Asset collateral (stock or other assets) that needs to be kept on hand for credit-clearing is based on a risk analysis. We're lucky to have a risk manager on our board that can set our standards higher than those of the banking industry.
      • +
    +

    #liquidityrisk

    + +
    +
    +
    +
    +
    + + + + + + + + + + + + + TERMS AND CONDITIONS +
    +
    + + + + \ No newline at end of file diff --git a/output/looking-back.html b/output/looking-back.html new file mode 100644 index 0000000..64c3acf --- /dev/null +++ b/output/looking-back.html @@ -0,0 +1,162 @@ + + + + grassroots-pelican - Looking Back at 40,000 Blockchain Transactions + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    +
    +

    + Looking Back at 40,000 Blockchain Transactions +

    +
    +
    + +
    +

    So far, after roughly 6 months of piloting we've witnessed 40,000 blockchain transactions! So what does that actually mean?

    +

    4,065 Kenyans representing families living below the poverty line have traded 3,263,081 Kenyan Shillings worth of goods and services (about 30,000 USD) with each other - ensuring more stable trade than with the often scarce Kenyan Shillings. Using their community currencies, like Miyani-Pesa on the Sarafu network, people have supported themselves and bought from each other:

    + +
      +
    • 2,567 daily farming wages have been paid
      • +
    • 54,928 servings of vegetables
      • +
    • 5,361 kilos of flour
      • +
    • 2,506 rides on local transport
      • +
    • 843 school tuition payments
      • +
    • 484,404 liters of water
      • +
    • 59 visits to the doctor
      • +
    • Note these are general services and products among categories of vendors - many more are being traded.
      • +
    +

    (Chart shows enrollment in our pilot programs. Each user is given, free of charge, 400 Community Currency Tokens with which to trade.)

    +

    Most if not at all of these purchases would not have happened otherwise. We're encouraged by community members embracing community currencies to access resources that would otherwise go underutilized, and taking the opportunity to save their valuable Kenyan Shillings. This translates to children staying in school, families being better nourished, workers earning a reliable income, and so much more.

    +

    What are we looking forward to:

    +
    +
      +
    • Open source code and systems that allow any community to create their own medium of exchange to supplement scarce national currencies and create resilient markets.
      • +
    • Voting systems to help communities manage their currencies, raise local taxes and support social services.
      • +
    • Connection to stable tokens that allow people to support community currencies that build thriving economies as a new form of Cash Transfer Programming.
      • +
    • Responding to the worldwide refugee crisis through Refugee Inclusive Community Currencies that help regions develop credit and employ refugees.
      • +
    • Working with internal savings and loaning women's groups, which are key hubs in the community.
      • +
    +
    +

    What we need to get there:

    +
    +
      +
    • Developers to build an open and full stack solution.
      • +
    • Supporters and partners to help fund these solutions and spread the information through online courses and resource centers.
      • +
    • Researchers to analyse data to improve our systems and help spread these concepts.
      • +
    • Volunteers to work in Kenyan communities to explain and expand on these programs.
      • +
    +
    +

    Community currencies are well-named, in that it takes an entire network of people to make them work. Our thanks go to the community members, ambassadors, volunteers, staff, supporters, and partners who have contributed their time and belief to get us to 40,000 transactions. If you'd like to get involved reach out to us. Here's to the next 40,000 - 80,000 - 100,000!

    +

    #quarterlyupdate #blockchain #transactions #Kenya #impacts

    + +
    +
    +
    +
    +
    + + + + + + + + + + + + + TERMS AND CONDITIONS +
    +
    + + + + \ No newline at end of file diff --git a/output/looking-towards.html b/output/looking-towards.html index d58bb8f..dbec099 100644 --- a/output/looking-towards.html +++ b/output/looking-towards.html @@ -98,9 +98,6 @@

    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa. Besides our currency programs we have also worked with hundreds of street living youth in Kenya, to help them reintegrate with society. We're looking forward to 2015! In 2014 we:

    -

    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa. Besides our currency programs we have also worked with hundreds of street living youth in Kenya, to help them reintegrate with society. We're looking forward to 2015! In 2014 we:

    -

    2014 has been an intense year developing the structures to allow community currency programs to one day become accessible across Africa. Besides our currency programs we have also worked with hundreds of street living youth in Kenya, to help them reintegrate with society. We're looking forward to 2015! In 2014 we:

    -
    • continued to monitor the first and now vibrant community currency program in Kenya. Looking back, our first award winning pilot in 2010 Eco-Pesa gave us the tools to implement and develop Bangla-Pesa starting in 2012 Via mutual credit backing and circulating vouchers. Bangla-Pesa has enabled over 3 million shillings worth of trade in an impoverished informal settlement in Mombasa. We've measured as much as an 80% increase in sales revenue in the community during poor market conditions, through better utilization of excess capacity and interconnectedness between small over 300 informal businesses.
    • Set a legal precedent by defending our programs in court.
      • @@ -110,11 +107,7 @@
    • collaborated with and trained the FLOW team in South Africa to implement in two municipalities in South Africa, which will launch community currencies in mid 2015. The team in South Africa led by John Ziniades and Anna Cowen from Cape Town are doing amazing work. The teams of FLOW Ambassadors that they are creating to help implement these programs along with their support from local municipalities really set them apart from other CC programs.
    • presented community currencies at an international
    -

    In 2015 we will:

    -

    In 2015 we will:

    -

    In 2015 we will:

    -
    • Form a foundation to help establish legislation, expand research and implement more community currency programs.
    • Start another 4 currencies in Kenya (2 in Nairobi and 2 more in Mombasa Counties) Thanks to Lush Cosmetics and DOEN!
      • @@ -122,14 +115,7 @@
    • Assist local government to be able to monitor and manage community currency programs.
    • We hope - find the support to create an office for East Africa promoting community currency programs.
    -
    -

    #gatina #bangla

    -
    -#gatina
    -

    #gatina

    -
    -#bangla
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    #bangla

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    #gatina #bangla

    diff --git a/output/managing-their.html b/output/managing-their.html index 6fd6938..510a5d6 100644 --- a/output/managing-their.html +++ b/output/managing-their.html @@ -97,120 +97,22 @@
    - +

    Laurence and his brother together run the Blues Hotel - a small take away restaurant specializing in delicious chapati. Anyone in Mukuru Kayaba’s Kambi Moto village can come buy food there using Sarafu (a Community Inclusion Currency (CIC) - 400 Sarafu (USD $4) as well as a basic income is given freely to community members as part of a Red Cross initiative to support local economies during crisis)

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    Over the last 1 month they have had 268 clients come buy over $3,000 USD worth of their cooked food! What makes it even more amazing is that they have spent an equivalent of $2,600 USD of Sarafu to purchase cooking oil, fuel and wheat flour for their business. Circular economy - circular chapati!

    -

    1

    -

    268

    -

    3

    -

    ,

    -

    000

    -

    USD

    -

    of

    -

    !

    -

    of

    -

    2

    -

    ,

    -

    600

    -

    USD

    -

    of

    -
    -to purchase cooking oil
    -

    ,

    -
    -fuel and wheat flour
    -

    for

    -
    -their business
    -

    .

    -
    -Circular economy
    -
      -
    • circular chapati
      • -
    -

    !

    Vincent and his mother have used Sarafu for the past 8 months providing different delicacies to the people of Mukuru Kayaba. They have decided to support their community in Mukuru by accepting Sarafu from any customer and also they spend their CIC by buying wheat flour,beans and other products from different outlets.

    Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy.

    -

    Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy.

    -

    Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy.

    -

    Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy.

    -

    Over the last month they have had 123 customers and sold $840 USD by accepting Sarafu when Kenyan Shillings is scarce and they have spent roughly the same amount on their own basic needs - creating and maintaining a circular economy.

    -

    123

    -

    840

    -

    USD

    -
      -
    • -
    -

    .

    Susan is a mother and tailor in Mukuru. She was started using CICs 2 months ago and she also registered her Women's Savings Group into the network. Susan and the group members work tirelessly in order to provide masks to people in her community by selling them using Sarafu. She uses the currency to purchase food for her family and also save some in the group since national currency is scarce at the moment.

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    In the last month Sarah has sold $756 USD worth of masks to over 100 people. Need a mask? Talk to Susan!

    -

    756

    -

    USD

    -

    of

    -

    100

    -

    .

    -

    ?

    -

    !

    This guy is amazing! Victor joined the network of Sarafu users 2 months ago. He is in the jua kali sector and very popular in his area for making metalic doors, desks and even jiko (ovens). He accepts Sarafu in his business since he can as well spend it in order to get food for his family. His business had been stuck due to covid 19 but when he joined Sarafu, customers started coming as they wanted some study desks and metallic doors for their homes and businesses.

    Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu

    -

    Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu

    -

    Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu

    -

    Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu

    -

    Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu

    -

    Victor in the last month has had 54 clients and sold $1,246 USD worth of his services using Sarafu

    -

    in

    -

    54

    -

    1

    -

    ,

    -

    246

    -

    USD

    -

    of

    Grace is one of the Red Cross' disaster response team members and is also a caring mother. She has a cereal shop in Mukuru and she feeds more than a hundred households. She joined the network 8 months ago and in this time of the pandemic, she has dedicated her shop to feed even more families by use of the CIC (Sarafu). She has increased her trade volume in order to help families get a meal. In return, Gertrude also spends more of her Sarafu in the community and by doing so, she is able to save the national currency which she uses to buy more stock for her shop.

    -

    Grace is one of the Red Cross' disaster response team members and is also a caring mother. She has a cereal shop in Mukuru and she feeds more than a hundred households. She joined the network 8 months ago and in this time of the pandemic, she has dedicated her shop to feed even more families by use of the CIC (Sarafu). She has increased her trade volume in order to help families get a meal. In return, Gertrude also spends more of her Sarafu in the community and by doing so, she is able to save the national currency which she uses to buy more stock for her shop.

    -

    Gertrude

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    Grace has given out $2,286 USD worth of food to 114 community members this month using Sarafu and has spent $2,316 USD on restocking and her family basic needs. She is a powerhouse making her community thrive during crisis and charting a path toward a resilient economic recovery.

    -

    2

    -

    ,

    -

    286

    -

    USD

    -

    of

    -

    114

    -

    this

    -

    2

    -

    ,

    -

    316

    -

    USD

    -

    .

    -

    .

    diff --git a/output/mangroves-and.html b/output/mangroves-and.html index d848020..2457a63 100644 --- a/output/mangroves-and.html +++ b/output/mangroves-and.html @@ -97,36 +97,25 @@
    - +

    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near a mangrove forest have:

    -

    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near a mangrove forest have:

    -

    We've been working to replace the need for Mombasa's Bangladesh residents to import food and conserve their environment. Two schools near a mangrove forest have:

    -
    • begun stabilizing eroded soils by planting grasses and trees
    • catching rainwater by installing gutters
    • planting vegetables
    • and conserving the mangrove forests to stabilize spawning locations for crabs
    -

    February has been a great month. The schools have worked hard at their gardens and have tried to bring in water whenever it is needed even though there was a shortage. Baby vegetable seedlings are starting to sprout and the pioneer plants the lemon grass and bamboo are doing well.

    PROGRESS REPORT FOR PERMACULTURE GARDENS IN ST. ANGELINE’S AND ST.PETER AND PAUL

    The setting up of permaculture gardens in the two schools had the following main objectives for Grassroots Economics:

    -

    The setting up of permaculture gardens in the two schools had the following main objectives for Grassroots Economics:

    -

    The setting up of permaculture gardens in the two schools had the following main objectives for Grassroots Economics:

    -
    • Combat the severe soil erosion in the compounds
    • Inculcate in the children a sense of social responsibility
    • Boost the nutrition of the families by growing vegetables and fruit trees in the gardens
    • Link the schools and the community through use of community currency
    -

    The objectives are being achieved gradually and the pupils have been working hard at it. Albeit we have had a few challenges but we are on course to set up within six months.

    Combating Severe soil erosion. This objective is being achieved by:

    -

    Combating Severe soil erosion. This objective is being achieved by:

    -

    Combating Severe soil erosion. This objective is being achieved by:

    -
      1. Setting up tree nurseries that will provide a sustainable way to continuously plant trees even after the targeted six months. The children have set a target of planting trees at least three times their age by the end of the year Tree nurseries have been set for indegenous trees like the Mrabai, Bambakofi and Luceana which will be great pioneer trees as they already grow in the surrounding villages along with the Flamboyant and neem trees. We taught the children to do seed harvesting so we hope to have an explosion of tree species of their choosing as they have fun planting.
        2. @@ -141,11 +130,7 @@
    -

    Inculcating a sense of social responsibility in the children.This has been achieved by:

    -

    Inculcating a sense of social responsibility in the children.This has been achieved by:

    -

    Inculcating a sense of social responsibility in the children.This has been achieved by:

    -
      1. Holding weekly sensitization classes- for the pupils on the uses of trees and how it is their resposibility to leave the school better than it is.
        2. @@ -156,11 +141,7 @@
    -

    Boosting the Nutrition of the community by planting fruit trees and vegetables. We started this off by ensuring the schools had:

    -

    Boosting the Nutrition of the community by planting fruit trees and vegetables. We started this off by ensuring the schools had:

    -

    Boosting the Nutrition of the community by planting fruit trees and vegetables. We started this off by ensuring the schools had:

    -
      1. Tanks with gutters- that at the onset of rains they would be able to harvest rain that will in turn nourish the vegetables.
        2. @@ -179,22 +160,11 @@
    -

    So far each school has two kitchen gardens one that will be mostly vegetables and a few food trees and one that will contain fruit trees and vegetables

    The schools as part of the Sarafu – Credit community currency.

    At the onset we had meetings with the schools with one of the Bangla-Pesa representatives who would act as a link between the business community and the school. The lady Sylvia Osodo will ensure that when the community is involved in program is involved in the program especially the youth the business network can pay part of the labor fees in Sarafu-Credit from the community basket whenever the need for payment arises.

    We envision however the community will gradually take part especially ones within the business network and once we harvest the vegetables we could have the business community buy in part Kenya Shillings and Sarafu-Credit and at a subsidized rate than they would get at the Market and have the schools in turn purchase goods or services from the Business community on normal days and especially during market days.

    -

    #bangla #environment #mombasa

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    #bangla #environment #mombasa

    -
    -#bangla
    -

    #bangla

    -
    -#environment
    -

    #environment

    -
    -#mombasa
    -

    #mombasa

    +

    #bangla #environment #mombasa

    diff --git a/output/marcianas-struggle.html b/output/marcianas-struggle.html index 8770609..c8e6120 100644 --- a/output/marcianas-struggle.html +++ b/output/marcianas-struggle.html @@ -97,25 +97,11 @@
    - +

    Marciana's husband died a long time ago, leaving her with 5 children to care for alone. Even though she is 64 now, and most of her children are grown, she still bears the burden for caring for her family. Her oldest son, who might have taken on this responsibility, also died, and her oldest daughter is disabled from a bout of TB. Her surviving son was trained as a driver, but he’s been unable to find work, so he, his wife, and his two children live with Marciana, along with Marciana’s disabled daughter and youngest daughter (17 years). Marciana didn’t have the money to send her youngest daughter to secondary school. And, although she received some training as a tailor, she is also unemployed. So, Marciana supports this household from the sale of porridge and a bean and maize soup. The porridge sells for 15ksh ($0.18) and soup for 10ksh ($0.12). She usually makes around 600ksh ($7) a day to feed a family of 7. Technically, this puts her above the international poverty line based on the lower cost of living in Kenya, but, as she leaned her forehead against a pole, looked down at her worn red flip flops and dust covered feet, and told us about her life, we could feel the exhaustion caused by her efforts to keep her family fed and housed, and some sadness at being unable to keep her daughters in school and in good health.

    Things are improving for Marciana now. She became a member of Koru's Bangladesh Business Network in December and started trading the Bangla-Pesa voucher with fellow members. “I take 200 Bangla-Pesa every morning to buy sugar from Mwololo to make my porridge. When I get customers, I will buy fish and then that lady will come to buy my porridge. The same happens when I buy potatoes and water. They all come to get my porridge and I take from them their goods too.” All of these trades happen between members without Kenyan shillings, which means the money from trades which do use Kenyan shillings can be saved and used for other kinds of purchases. Further, when there are larger economic upheavals, the Bangla-Pesa can provide a buffer for the business community. In an effort reduce illegal hawking, and more comprehensively tax small businesses, the local government in Mombasa cleared out many shops in the central business district and in the market area. This left many businesses in Bangladesh without access to their stock, which they used to purchased from in now destroyed shops in the central market. In response to this disruption, Marciana and her customer used Bangla-Pesa to keep business going. “When the market was closed, I was only working with Bangla-Pesa, because that was what people had.” People couldn't buy stock as usual, had fewer products to sell, and so had very few Kenyan Shillings. But, they could still use Bangla-Pesa to buy some stock locally, sell the processed stock for Bangla-Pesa, buy food and necessities with the vouchers and maintain a basic standard of living until they adjusted to the changes in the central market.

    When we spoke with her, Marciana had 400 Bangla-Pesa after a day of trading. The next morning, she would take half that to buy sugar and the rest to buy food and water for herself and her family. As soon as customers come to her, she will repeat the process of using Bangla-Pesa to meet whatever needs she has, “I get it [Bangla-Pesa], then I use it. I used to be without food because we wouldn't have enough Kenyan Shillings, now I can eat even when I don’t have the Kenyan Shillings because I still have the Bangla-Pesa to use.” Every day, businesses in Bangladesh close the business day with goods unsold (some of which will spoil) and services unsold because their fellow businesswomen and men lack the funds to purchase these services. Bangla-Pesa provides a way for businesses to trade this excess capacity among each other. Then, everyone can fully meet their demand for goods and services locally and save their Kenyan Shillings to access medical care and education. We are truly excited to hear more from Marciana and others about how their community currency is helping them raise their standard of living together.

    -

    #bangla #women #complementarycurrencies #businesswomen

    -

    #bangla #women #complementarycurrencies #businesswomen

    -

    #bangla #women #complementarycurrencies #businesswomen

    -
    -#bangla
    -

    #bangla

    -
    -#women
    -

    #women

    -
    -#complementarycurrencies
    -

    #complementarycurrencies

    -
    -#businesswomen
    -

    #businesswomen

    +

    #bangla #women #complementarycurrencies #businesswomen

    diff --git a/output/margrit-kennedy.html b/output/margrit-kennedy.html index 34c4351..a125aed 100644 --- a/output/margrit-kennedy.html +++ b/output/margrit-kennedy.html @@ -97,49 +97,20 @@
    -

    One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer condolences to the friends and family of Dr. Margrit Kennedy. She deeply understood and exposed the fact that our monetary system was broken. She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies". Some of our work in Kenya was featured in her recent book, "People Money" which you can find here. Without the help of Dr. Kennedy the team might still be in jail and Bangla-Pesa might not have been relaunched.

    -

    One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer condolences to the friends and family of Dr. Margrit Kennedy. She deeply understood and exposed the fact that our monetary system was broken. She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies". Some of our work in Kenya was featured in her recent book, "People Money" which you can find here. Without the help of Dr. Kennedy the team might still be in jail and Bangla-Pesa might not have been relaunched.

    -
    -here
    +

    One of our largest supporters and inspirations has passed on. Our whole team and the community of Bangladesh, Kenya wish to offer condolences to the friends and family of Dr. Margrit Kennedy. She deeply understood and exposed the fact that our monetary system was broken. She stated that her work on ecological architecture in 1982 led her to the discovery that it is "virtually impossible to carry out sound ecological concepts on the scale required today, without fundamentally altering the present money system or creating new complementary currencies". Some of our work in Kenya was featured in her recent book, "People Money" which you can find here. Without the help of Dr. Kennedy the team might still be in jail and Bangla-Pesa might not have been relaunched.

    We hope to continue her work in the tradition of academic rigor, holistic approaches and creative thinking

    From Her website:

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -

    From Her website:

    -

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -

    From Her website:

    -

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -

    From Her website:

    -

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -

    From Her website:

    -

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -

    From Her website:

    -

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -

    From Her website:

    -

    As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject [of Complementary Currencies], working on practical solutions for essential Problems:

    -
    • How can we create a sustainable monetary system?
    • What characterizes monetary systems which do not collapse repeatedly and which serve us rather than control us?
    • Where can we find examples of well-working monetary systems in the past and present?
    -

    From wikipedia:

    Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money.

    -

    From wikipedia:

    -

    Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money.

    -

    From wikipedia:

    -

    Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money.

    -

    From wikipedia:

    -

    Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money.

    -

    From wikipedia:

    -

    Margrit Kennedy (born November 21, 1939, in Chemnitz) is a German architect, professor, environmentalist, author and world authority on and advocate of complementary currencies and an interest- and inflation-free economy. In 2011, she initiated the movement Occupy Money.

    -

    Kennedy was an architect with a Masters Degree in Urban and Regional Planning and a Ph.D. in Public and International Affairs from the University of Pittsburgh Graduate School of Public and International Affairs. She has worked as an Urban Planner in Germany, Nigeria, Scotland and the United States. In 1991, she was appointed Professor of Ecological Building Technologies at the Department of Architecture, University of Hanover.

    -

    Kennedy was an architect with a Masters Degree in Urban and Regional Planning and a Ph.D. in Public and International Affairs from the University of Pittsburgh Graduate School of Public and International Affairs. She has worked as an Urban Planner in Germany, Nigeria, Scotland and the United States. In 1991, she was appointed Professor of Ecological Building Technologies at the Department of Architecture, University of Hanover.

    Kennedy was an architect with a Masters Degree in Urban and Regional Planning and a Ph.D. in Public and International Affairs from the University of Pittsburgh Graduate School of Public and International Affairs. She has worked as an Urban Planner in Germany, Nigeria, Scotland and the United States. In 1991, she was appointed Professor of Ecological Building Technologies at the Department of Architecture, University of Hanover.

    From her obituary in German here.

    On Saturday, Kennedy has died of cancer at the age of 74 years. Kennedy was a warm and charismatic woman who walked curious and interested in their conversation partner. She was also pragmatic. If it was necessary, they could explain their theory in a single minute. Taxi drivers, for example, if the destination was in sight. She was married to the Irish architect Declan Kennedy and lived in the eco-village "life Steyerberg" in Lower Saxony. About three months ago the cancer was diagnosed. Although the strength left, Kennedy was active until the end.

    -

    On Saturday, Kennedy has died of cancer at the age of 74 years. Kennedy was a warm and charismatic woman who walked curious and interested in their conversation partner. She was also pragmatic. If it was necessary, they could explain their theory in a single minute. Taxi drivers, for example, if the destination was in sight. She was married to the Irish architect Declan Kennedy and lived in the eco-village "life Steyerberg" in Lower Saxony. About three months ago the cancer was diagnosed. Although the strength left, Kennedy was active until the end.

    -

    On Saturday, Kennedy has died of cancer at the age of 74 years. Kennedy was a warm and charismatic woman who walked curious and interested in their conversation partner. She was also pragmatic. If it was necessary, they could explain their theory in a single minute. Taxi drivers, for example, if the destination was in sight. She was married to the Irish architect Declan Kennedy and lived in the eco-village "life Steyerberg" in Lower Saxony. About three months ago the cancer was diagnosed. Although the strength left, Kennedy was active until the end.

    Thank you Dr. Margrit Kennedy for being an inspiration to us all.

    diff --git a/output/mikindani-community.html b/output/mikindani-community.html index 9f66b45..2e091b6 100644 --- a/output/mikindani-community.html +++ b/output/mikindani-community.html @@ -97,7 +97,7 @@
    - +

    The Kwa Ng'ombe Business Network held their 1st Market day on the 24th October 2015. Members came to sell and trade their goods at the event using Ng'ombeni-Pesa and over 50 people from the community who were allowed to purchase some of the community fund in Ng'ombeni-Pesa at a discount. The Kenyan Shillings generated by the event were distributed to the vendors and the community fund replenished. 7 new businesses registered at the event hosted at a local school, and the network continues to grow with the hope of reaching 200 members.

    Halima Hassan from Ng’ombeni Pesa Business Network is shown to the left. She sells cooked food (chapatti, beans, potatoes and Bhajias). "I'm very happy to use Ng’ombeni pesa and today I sold the most within a short period of time compared to any other day." She says, “I am happy today because my potatoes are almost through, yet I have been here for less than one hour. I wish everyday was a market day so that non-members get the chance of buying with our community currency”.

    diff --git a/output/motomoto-performing-2012.html b/output/motomoto-performing-2012.html new file mode 100644 index 0000000..c62b73c --- /dev/null +++ b/output/motomoto-performing-2012.html @@ -0,0 +1,132 @@ + + + + grassroots-pelican - Motomoto Performing Arts + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
    +
    +
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    + Motomoto Performing Arts +

    +
    +
    + +
    + By Will Ruddick +
    + + + + + +

    + +
    +

    Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through performing arts since 2009 when the project was given a kick start from Burners Without Borders.

    +

    This week we had our Wednesday training and showcase at Makadara Grounds in Mombasa. These kids are trying to change their habits, support eachother and get off drug addiction and the streets. Martin is our lead instructor and works with different groups of street kids multiple times a week. We are also hoping to start a prison program in 2013 to reach those youth that are in jail often being subjected to hard labor.

    +

    See past MotoMoto Videos here.

    +

    Besides the great help we get from Burners without Borders. We are looking for help with donations of kevlar and old poi sets. If you are able to donate a roll of Kevlaror any other poi stuff that would be great!

    +

    We are also looking for volunteers in 2013. If you can teach poi or want to learn poi - think about doing it in Kenya!

    +

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    + +
    +
    +
    +
    +
    + + + + + + + + + + + + + TERMS AND CONDITIONS +
    +
    + + + + \ No newline at end of file diff --git a/output/motomoto-performing.html b/output/motomoto-performing.html index f058654..8a329e1 100644 --- a/output/motomoto-performing.html +++ b/output/motomoto-performing.html @@ -99,74 +99,8 @@

    We've started off the year with two new MotoMoto classes on Tuesday and Thursdays in Mombasa thanks to Burners without Borders. Each class consists of ten street living youth. We've begun giving them food after each session as a way of giving them focus.

    One of the students is George Kamau . George dropped out of school in second grade because his parents could not pay his school fees. He hasn't been able to find work and has lost hope. He is now addicted to glue sniffing. We hope to see George making it all the way through the program and eventually off the streets.

    -

    For more information about the MotoMoto Circus program and how we work with street living youth in Kenya click here.

    -
    -here.
    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -
    -#motomoto
    -

    #motomoto

    -
    -#performingarts
    -

    #performingarts

    -
    -#firedance
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    #firedance

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    -#burnerswithoutborders
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    #burnerswithoutborders

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    -#poi
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    #poi

    - --- - - - - - - - - - - - -
    title:Motomoto Performing Arts
    author:Will Ruddick
    date:Nov 25, 2012
    slug:motomoto-performing
    summary:Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through...
    -

    Martin Kimani is still spinning it up since 2009! The MotoMoto Circus programhas been working to reach street living youth through performing arts since 2009 when the project was given a kick start from Burners Without Borders.

    -

    This week we had our Wednesday training and showcase at Makadara Grounds in Mombasa. These kids are trying to change their habits, support eachother and get off drug addiction and the streets. Martin is our lead instructor and works with different groups of street kids multiple times a week. We are also hoping to start a prison program in 2013 to reach those youth that are in jail often being subjected to hard labor.

    -

    See past MotoMoto Videos here.

    -

    See past MotoMoto Videos here.

    -
    -here
    -

    Besides the great help we get from Burners without Borders. We are looking for help with donations of kevlar and old poi sets. If you are able to donate a roll of Kevlaror any other poi stuff that would be great!

    -

    Besides the great help we get from Burners without Borders. We are looking for help with donations of kevlar and old poi sets. If you are able to donate a roll of Kevlaror any other poi stuff that would be great!

    -
    -roll of Kevlaror
    -

    We are also looking for volunteers in 2013. If you can teach poi or want to learn poi - think about doing it in Kenya!

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    -
    -#motomoto
    -

    #motomoto

    -
    -#performingarts
    -

    #performingarts

    -
    -#firedance
    -

    #firedance

    -
    -#burnerswithoutborders
    -

    #burnerswithoutborders

    -
    -#poi
    -

    #poi

    +

    For more information about the MotoMoto Circus program and how we work with street living youth in Kenya click here..

    +

    #motomoto #performingarts #firedance #burnerswithoutborders #poi

    diff --git a/output/municipal-basic.html b/output/municipal-basic.html index 9c238bb..84e9f57 100644 --- a/output/municipal-basic.html +++ b/output/municipal-basic.html @@ -110,21 +110,17 @@
    - +

    A municipality, town or local administration is an ideal issuer and anchor for a basic/guaranteed income because the have the means to back it and the intention to build sustainable and thriving local markets– Such a Municipal Basic Income (MBI) can in turn act as a growth medium and network token for Community Inclusion Currencies which allow local groups and businesses to form strong local markets through the MBI network.

    In its simplest form a municipality creates a token which is distributed to residents and local projects – and taxed and redistributed as a basic income for those active in the network. This MBI would be backed by the holding tax itself and as well local services offered by the municipality (like 50% off public transport or health services). This is similar to Sarafu in Kenya whose supply is set by the target population – taxed and redistributed. The tax and redistribution incentivizes trade and discourages hoarding.

    -

    Businesses and groups of residents can create a Community Inclusion Currency against their production (like a voucher) and offer some of these CICs in exchange for the MBI – in order to support the municipality. This is a measurable form of corporate social responsibility (CSR) and social enterprise.

    -
    -Businesses and groups of residents can create a Community Inclusion Currency against their production (like a voucher) and offer some of these CICs in exchange for the MBI – in order to support the municipality. This is a measurable form of corporate social responsibility (CSR) and social enterprise.
    +

    Businesses and groups of residents can create a Community Inclusion Currency against their production (like a voucher) and offer some of these CICs in exchange for the MBI – in order to support the municipality. This is a measurable form of corporate social responsibility (CSR) and social enterprise.

    This allows business and communities to transparently and measurably connect their vouchers to the greater social service network formed by the MBI. Online marketplace could feature these supporting businesses as a way to drive traffic to them.

    The initial supply and taxes collected from holding fees on balances of the MBI could also be used to aid community support networks and for local programs like Food Forests.

    A municipality creating such a MBI would have to create a contract against its redemption as well as taxation and redistribution. This contract could be voted on signed and scanned as a pdf and fixed to the MBI token on a blockchain (low-tech).

    Supporting business could in turn create their own CIC as a claim against their production (again in a signed contract) and place those CICs into liquidity pools that contain both their contribution of CIC (vouchers) and an amount of the MBI in order to enable traceable exchange between the two.

    This means that people could keep their municipality economies thriving by accepting and trading a MBI which can be exchanged in limited amounts for business vouchers (ala liquidity pools with CICs)

    -

    While in Kenya we rely on Humanitarian organizations to supply a basic income token - a municipality, or local administration would be a wonderful anchor for community health in this way. The possibilities of MBIs combined with CICs are profound and life affirming. Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional or National economies.

    -
    -While in Kenya we rely on Humanitarian organizations to supply a basic income token - a municipality, or local administration would be a wonderful anchor for community health in this way. The possibilities of MBIs combined with CICs are profound and life affirming. Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional or National economies.
    +

    While in Kenya we rely on Humanitarian organizations to supply a basic income token - a municipality, or local administration would be a wonderful anchor for community health in this way. The possibilities of MBIs combined with CICs are profound and life affirming. Consider the value in decentralized, municipally supported economies (networks of MBIs) - building and supporting local as well as regional or National economies.

    diff --git a/output/municipal-bonds.html b/output/municipal-bonds.html index fd3fb7f..37469f8 100644 --- a/output/municipal-bonds.html +++ b/output/municipal-bonds.html @@ -97,31 +97,18 @@
    - - -

    A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing African Cities: agenda, alliances and solutions

    -
    -Conference Resolutions Africa / Marrakesh 2014: Financing African Cities: agenda, alliances and solutions
    + +

    A Concept Paper based on observations during the FMDV inspired conference: Conference Resolutions Africa / Marrakesh 2014: Financing African Cities: agenda, alliances and solutions

    Why is this interesting?

    -

    Why is this interesting?

    -

    Why is this interesting?

    -
    • What if local governments could fund, incredibly underfunded, budgets through the support of the informal sector? Community Currencies could be the solution for sustainable local development and formalizing public and informal sector relationships.
    • What if the informal sector paid taxes using their own goods and services and could trust that the money would be well used? The inability to pay and undesirability of tax paying due to corruption and lack of local impact - especially in developing countries is something we must overcome to create a more equitable society. Community Currencies are a way for local areas to tap into underutilized trade capacity, hedge in their own local abundance and use it to promote local development.
    • We hope to see an example of such a Municipal Bond purchased in Community Currency this year in South Africa.
    -

    Jo-Burg did it's first Green Bond in 2014 and more generally Climate Bonds do have a framework (albeit is quite new) "Climate bond, also known as green bond, are a relatively new asset class. Most Climate Bonds are asset-backed, or ringfenced, with investors being promised that all funds raised will only go to specified climate-related programs or assets, such as renewable energy plants or climate mitigation focused funding programs." Creating a new asset class for Municipal Bonds dealing with Community Currencies is touched on below. These bonds could also fit within a Social Impact or Development Impact Bond framework.

    1. Definitions:
    -
      -
    1. Definitions:
      2. -
    -
      -

    1. Definitions:

      -
      • Municipal Bonds (MBs) are debt securities issued by a state, municipality or county to finance capital expenditures. We will focus on Municipalities for this paper, but the topics could well be applicable to corporate and other bonds.
      • Community Currencies (CCs) for this purpose are debt securities backed by goods and services of local businesses (formal and informal within the community). This group of businesses is below called the Trading Network or Network. CCs in this case are given a value of 1:1 to the National Currency and may be issued on paper or electronically. This preludes many
        • @@ -129,16 +116,10 @@
      • Community Currency Municipal Bonds (CCMBs) are bond that are eligible to be purchased in Community Currency.
      • Mixed Community Currency Municipal Bonds (MCCMBs) are bond that are eligible to be purchased using a mixture of National Currency and a Community Currency.
      -
      -
      2. -

    We will focus on CCMBs in this paper but the concepts can be readily expanded to MCCMBs.

    The CCMB represents an investment made by a CC trading network. The network made up of local businesses is making a loan in CC to the Municipality. The Municipality will use this loan to fund expenditures such as environmental programs or the construction of highways, bridges or schools.

    The investors in this case are a network of businesses trading using a Community Currency. The Bond is purchased by direct transfer of CC from the Network to the Municipality, and transfer of a Bond letter or promissory note to the Network (see MBCC below).

    CCMBs specifications:

    -

    CCMBs specifications:

    -

    CCMBs specifications:

    -
    • Face Value, or Amount of the Bond, will depend on the size of the program, usability of the CC in the program, and size of the trading network. The suggestion is that much lower Face Values with faster turnover could be achieved using a CCMB.
    • Coupon, or interest on the Bond, could be as low as 0% depending on the municipalities perceived payoff and risk. Lower interest rates would be appropriate due to the lower relative value of the CC with respect to a National Currency loan. This should also be seen as a low risk investment by the trading network as the Bond's purpose ( community program outcomes ) should benefit them directly or indirectly. Interest should be payable in National Currency as the supply of the CC is generally limited.
      • @@ -146,7 +127,6 @@
    • Expiration Date of the Bond - is the date at which the Bond receipt (MBCC - see below) is no longer redeemable. This is to protect the Municipality from holding outstanding debts. Bond holders – the Business Network as a whole or each of the members individually, keep a receipt of their loan to the municipality and after it matures it can be redeemed at the municipality plus whatever interest has accrued. Definition:
    • Municipal Bond Community Currency (MBCC) - The Bond receipt or receipts may be resold and hence used as a Community or Complementary Currency. MBCC usage would temporarily increase the amount of CC in the community. The MBCC would have to look different (or be issued electronically) from the original CC – so that people would know to redeem it for National Currency at the Municipality. The MBCC is a promissory note or notes that are backed by the CCMB promise to repay in Rand or CC - and used as a currency in their own right. This could also be considered a type of Term Currency.
    -
    1. CCMB program examples
    @@ -157,32 +137,13 @@

    The Network holds the MBCC (promissory note to repay) but may also sell it or use it for other community work, such as setting up a monthly market.

    The Municipality holds the CC notes worth 2,500 in National Currency and uses them to begin the program. Note that the workers in the program must agree to being paid partially in CC and partially in National Currency. Once paid in CC the program workers will use the CC for goods and services of the Network members.

    Once the MBCCs maturity date has been reached and before the expiration date (allowing an ample gap between the two), any holder of a MBCC note may redeem it for National Currency from the Municipality in CC or National Currency plus any interest accrued and depending on the rules.

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      -

    • In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB.

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      • -

    • In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB.

      -
      • -

    • In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB.

      -
        +
      • In the case where the community fund is not enough for the proposed Municipal Program, nor is there enough CC in circulation to purchase the CCMB.
      • Then unallocated CCs could be purchased. Unallocated CCs are those that are printed but have not yet been issued or backed by the Network. It would be disastrous for these unallocated CCs to enter circulation without proper backing as it would undermine the local trust in CCs and cause inflation. In this case it is important that the CCs that enter circulation are later removed without causing harm to the Network through inflation.
      • In this case the National Currency returned to the holders of the MBCCs after maturity, should be exchanged for CC (which would then be destroyed or removed from circulation). In other words the MBCCs alone would not be able to redeem the National Currency. A MBCC holder would have to have an equivalent about of CC as well. This CC would be collected by the CC verifier and removed from circulation, at which point the MBCC holder would be able to redeem National Currency plus interest if any.
      -
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      • -

    A simple option would be for municipalities to offer a zero interest bond purely purchasable and redeemable in CC from the Community Fund of CC. With the incentive for the Network being that community service is taken care of in CC and the Municipality must also accept enough CC (through taxes or other purchases) to pay back the loan in CC.

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    #municipalbonds #bonds #communitycurrencies

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    #municipalbonds #bonds #communitycurrencies

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    -#municipalbonds
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    #municipalbonds

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    -#bonds
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    #bonds

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    -#communitycurrencies
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    #communitycurrencies

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    #municipalbonds #bonds #communitycurrencies

    diff --git a/output/nairobi-bangla-pesa.html b/output/nairobi-bangla-pesa.html index d4ea12d..df39278 100644 --- a/output/nairobi-bangla-pesa.html +++ b/output/nairobi-bangla-pesa.html @@ -99,21 +99,7 @@

    Two settlements in Nairobi are racing to create their own Bangla-Pesa exchange networks. Kawangware and Kangemi groups are already near the minimum of 100 business members to begin their programs. Last weekend two business owners from Bangladesh came to Nairobi to teach nearly 100 locals how they use Bangla-Pesa. There was a great discussion and a lot of hope that before the end of this year Nairobi will have their own program. This program is being partially supported by Nyendo-lernen and Chiemgauer (another complementary currency program) from Germany who have agreed to help these communities with their printing costs. We hope to have a demo in the next month to show off the efforts of these groups.

    Because of the sucsses in Bangladesh in using Bangla-Pesa to help with school fees, the trading networks in Nairobi are spreading out of three schools in the area. Students from these schools are working on drawing four themes that will be on the community currency, Community, Environment, Education and Economy.

    -

    #nairobi #kawangware #bangla #gatina

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    #nairobi #kawangware #bangla #gatina

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    #nairobi #kawangware #bangla #gatina

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    -#nairobi
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    #nairobi

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    -#kawangware
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    #kawangware

    -
    -#bangla
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    #bangla

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    -#gatina
    -

    #gatina

    +

    #nairobi #kawangware #bangla #gatina

    diff --git a/output/nairobis-1st.html b/output/nairobis-1st.html index a71b896..cbad5fc 100644 --- a/output/nairobis-1st.html +++ b/output/nairobis-1st.html @@ -101,11 +101,9 @@

    The 1st Anniversary of the GBO has a great turn-up with a total of 6 Primary Schools in attendance. The local media, Mtaani Radio was also in attendance to cover the event. Guests and members enjoyed entertainment from schools and different local youth groups who presented skits and plays that portrayed the full trading cycle of the Community Currency. Towards the culmination of the event, members were involved in cake cutting to celebrate their first year of successful trade using the Gatina-Pesa.

    Lindi Business Network (LBN) Growing Strong

    Just two months since they had their launch, the Lindi Business Network (LBN) is rapidly growing. Last week, the LBN carried out its first Information Booth which saw 17 new businesses join the network and are already using the Lindi-Pesa. Pamela and Mama Beatrice are business women who operate within the Lindi area of Kibera. Pamela sells Fish while Mama Beatrice sells Tomatoes. These two business women trade with each other using Lindi-Pesa to supplement the National Currency. They also accept change in Lindi-Pesa when the National Currency is scarce. “When I want to buy fish worth Ksh.100 from Pamela, she accepts Ksh. 90 in the National Currency and 10 in the Lindi-Pesa voucher; the 10 Lindi-Pesa voucher I give her acts as a promise that when she comes to my shop to buy Tomatoes, I shall accept some of the payment in Lindi-Pesa. That way, we are both able to save the Kenyan Shillings and use them to cater for other household needs,” says Mama Beatrice.

    - +

    The use of Lindi-Pesa has enabled these women to exchange their goods and services, even when they lack enough money due to poverty and economic downturns. Pamela concludes by noting, “As a business woman in this community, I want to take charge of my family’s livelihood, I want afford my children’s school fees and still have enough to save so that I can expand my business.”

    -
    -#gatina
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    #gatina

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    #gatina

    diff --git a/output/network-integrity.html b/output/network-integrity.html new file mode 100644 index 0000000..78d6377 --- /dev/null +++ b/output/network-integrity.html @@ -0,0 +1,199 @@ + + + + grassroots-pelican - Network Integrity is Priceless + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Network Integrity is Priceless +

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    It is well know that - In a world where you can buy or sell anything - integrity is priceless. This is just as true when everything can be bought and sold in a community currency.

    +

    I’m often struck by the fundamental question:

    +

    What you are asking people to adopt with a community currency, really?

    +

    At the core of community currency is the golden rule:

    +

    You offer your goods and services as you would have others offer theirs. +aka Pay it forward... aka Trust starts with you.... +Wait, what?!

    +

    That alone sounds completely doomed to fail and here is why…..

    +

    The Currency Death Cycle (CDC):

    + +
      +
    • How could I offer my goods or services with a community currency as payment? I would loose goods and services and I don’t trust that I can spend the community currency again!
      • +
    • No one will accept this community currency from me to purchase their goods and services ! Because they don't think they they will be able to spend it again and just loose their goods or services.
      • +
    • How could I offer my goods or services with a community currency as payment? Because I would loose goods and services and I don’t trust that I can spend the community currency again!
      • +
    • No one will accept this community currency from me to purchase their goods and services ! Because they don't think they they will be able to spend it again and just loose their goods or services.
      • +
    • And so on…..
      • +
    +

    Each time a currency is denied acceptance, the CDC gets worse and worse – its circular reasoning leaves us all wanting, and unwilling to trade with each other – often even when we are cash poor. Whole markets can collapse because of the lack of a medium of exchange - specifically a TRUSTED medium of exchange. Generally that trust must originate somewhere else, with a king, or a central bank. Note that many a community currency has fallen to the CDC.

    +

    While the Golden Rule might be enough to withstand a mild CDC in some small communities, there must be some foundational golden nugget for a community currency:

    +

    Establishing trust in redemption at the full value it was received.

    +

    This brings us to national currencies and our current default State of Trust on State (SOTOS):

    +

    “At least if I hold National Currency I know I can pay for what I need.”

    +

    This default state (SOTOS) that we all live in, effectively nullifies the CDC for a national currency because people KNOW they can spend it again - Unless things go really wrong (like in Zimbabwe.... and I hope not the rest of the world soon.)

    +

    A fundamental question a community currency must try to answer is:

    +

    How can we create economies, flows and reciprocity without falling into the CDC – without relying solely on government or banks (SOTOS)?

    +

    By far the simplest idea is the concept of a voucher. Rather than the State vouching for a currencies redeem-ability – why not a business?

    +

    Canadian Tire Money – are denominated vouchers issued by a tire company which accepts them back at face value to the Canadian Dollar for tires. It’s quite simple and they have been in small circulation for decades.

    +

    In Kenya – chamas (such as farmer’s savings groups) can issue a voucher for food they produce and accept it back at face value to Kenyan shillings.

    +

    In this case the issuer of the voucher is the entity you trust. If they refuse it, you could seek legal support from the local government, elders, chief etc. Generally vouchers are governed by contract law as promissory notes.

    +

    How could a voucher like Canadian Tire Money enter general circulation? +If I have a tire voucher, can I buy food with it? - Why not, assuming the food seller accepts? +If food seller re-spent that voucher later on labor - can it then be redeemed for food? - While not obligated to do so - you might imagine she would have, given she took it in the first place.

    +

    But as the voucher starts to circulate farther and farther from people who want tires or even know of the Canadian Tire Company it would start to feel the CDC more and more. :(

    +

    What if, as the voucher entered certain jurisdictions or communities it could be converted into other local vouchers? In other words, what if the food seller could convert the tire voucher into a food voucher – when redeeming it / selling it for other goods and services? - Hence at that point they could choose to make it their own voucher.

    +

    This choice could be made automatic – even mandatory in some networks:

    +

    Hence if you accept a tire voucher for payment and redeem it for anything but a tire, then it becomes your voucher and you should redeem it again yourself. +But how much are Tire vouchers worth compared to food vouchers? For this conversion to take place, you would need some higher form of Trust, that would establish the relative value of the two vouchers.

    +

    But how much are Tire vouchers worth compared to food vouchers? For this conversion to take place, you would need some higher form of Trust, that would establish the relative value of the two vouchers.

    + +

    Here we enter blockchain decentralized infrastructure and blockchain based transparent and immutable contracts as solutions to scaling trust through trustless / formulaic systems.

    +

    While Canadian Tire Money and the Farmers’ Food vouchers could be great by themselves – in-order to scale without suffering from CDC – they need to be bounded in supply and convertible without a middle man to other vouchers . If we were to apply this binding to syntropic principals for currencies, it would fit under Management: Ensure that the growth of a Community Currency is clearly bounded and its supply and value can’t keep growing forever.

    +

    If the tire voucher issuers wanted to ensure that their vouchers would be convertible to other vouchers there would need to be some point of relative value. Well, this is the perfect use case for a blockchain contract. The contract could transparently establish that for each tire voucher there is an amount of reserve. This reserve could be anything the issuer chose, such as a US dollar stable token.

    +

    Say that for every tire voucher there is 1:1 backing with Canadian Dollars and if the food voucher we’re similarly backed 1:1 by the same reserve then the relative value of each would be the Reserve over Voucher Supply and they would have equal value to each other. ( P = Reserve / Voucher_Supply = 1 )

    +

    But if the food voucher was only partially backed say 50% backed by Canadian Dollars then it would have less value than the tire voucher. Hence 1 Tire voucher would be worth 2 Food vouchers.

    +

    By backing in National Currency we have not saved ourselves from the problem of excessive SOTOS – (our State of Trust on State). But what if instead of a national currency we created or chose a trusted network token with no intrinsic value to national currency, but rather other goods and services? Such a Network Token could be created by a non-profit foundation that seeks to help communities in need. This Network token would be a pivoting point for establishing relative value between all the vouchers that use it as a reserve. This is what we have in Kenya with Sarafu as our network token.

    +

    The means that the trust established by the tire voucher issuer can now be transferred to the food voucher issuer. In other words, since both the the food voucher and the tire voucher can be converted to their reserve in Sarafu – their value can be known automatically and they can be accepted anywhere that uses Sarafu. Hence Sarafu as a network token becomes an agreement between voucher issuers.

    +

    In this case Sarafu is a bootstrap in Kenya. If businesses can accept Sarafu then they can all begin to accept their vouchers from each other – as they are all convertible.

    +

    You might object and say – “you have merely delayed the CDC (Currency Death Cycle)” but perhaps not - as long as Sarafu is redeemable for something some of the network needs over time. If Sarafu is backed only by National Currency (with occasional buy outs) we are still in SOTOS, but what if such a network token like Sarafu could be backed by the flour from a large maize mill – or even another voucher like Canadian Tire Money themselves.

    + +

    Here today in Kenya we have 16 Million Sarafu network tokens,that has been distributed freely into a population of 40,000 Kenyan farmers, shop keepers, schools and so on. With occasional purchases of Sarafu from donors and the development of cooperative businesses that act as backing. Communities are getting ready now to take the Sarafu they are using and lock it into a contract (like the Bancor Protocol) on a blockchain which will then mint their own voucher (token, Community Inclusion Currency).

    + +

    Groups of women farmers, shop keepers, teachers and so on in chamas have come together and planned to issue a voucher for their specific goods and services – signed and approved by local authorities – and backed with a reserve of Sarafu; Once the social and blockchain contracts are signed, then they can spend those vouchers in another village where people can convert them to their own vouchers (via Sarafu as a Network Token). Because of the commitment to redeem their own vouchers and their relative value to Sarafu, which is the reserve in all the CICs in villages around them – there can be a state of mutual trust and avoidance of the Currency Death Cycle (CDC) beyond the sole State of Trust of State (SOTOS). The concept here is a community of currencies providing a network of stability - or Canadian Tire Money like vouchers multiplied by the number of businesses and chamas across Kenya that see value in issuing their own credit while lacking Kenyan Shilllings.

    +

    In a world where you can buy or sell anything with community currency – Network Integrity is Priceless.

    +

    Hence a trusted Network token that holds together various community currencies is extremely important. Note that nation states like Kenya could and should enable a decentralized value driven economy to form themselves and spread it by issuing their own Central Bank Digital Currencies that could be used as reserves and Network Tokens. But we can’t wait for that to happen and even then, we don't want to be in excess SOTOS.

    +

    Let’s enable credit creation by the masses – just as Canadian Tire Money has shown us – but do it on a public ledger (blockchain) using Network Tokens to link all these vouchers together into a decentralized economy based on real value. Someday there will be open competition and collaboration among Network Tokens to cover all that we want to value.

    +

    Bootstrapping such a decentralized grassroots economy is not only possible, it needs to happen. The cost of rehabilitating our soils, feeding and educating the masses, and fulfilling all the SDGs has no budget on this planet!

    + +
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    + + + + + + + + + + + + + TERMS AND CONDITIONS +
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    + + + + \ No newline at end of file diff --git a/output/new-bills.html b/output/new-bills.html index 13bf1db..9c10253 100644 --- a/output/new-bills.html +++ b/output/new-bills.html @@ -97,34 +97,13 @@
    - + -

    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used!

    -

    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used!

    -

    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used!

    -
    -DOEN's New Economy program STRO
    +

    We attended a meeting on DOEN's New Economy program, where our newest version of community currency bills were unveiled in Amsterdam. The new bills are printed in Germany on special paper provided by STRO. They are the most secure and advanced bills we've ever used!

    These bills will go into circulation first in a rural area near Mombasa with up to 4000 farms, 10 schools and 30 local shops. They represent cooperative assets in the form of a maize mill as well as a community market place. The program is part of a Food Security measure.

    -

    We were also honored to visit TimeLab in Ghent this month and also give a talk to like-minded people throughout Belglum.

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    We were also honored to visit TimeLab in Ghent this month and also give a talk to like-minded people throughout Belglum.

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    -TimeLab
    +

    We were also honored to visit TimeLab in Ghent this month and also give a talk to like-minded people throughout Belglum.

    Other news: In the Kawangware slum this month, more than 100 Dollars worth of Community Currency circulated among three schools providing schools fees for over 400 students.

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    #sarafu #newbills #doen #stro

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    #sarafu #newbills #doen #stro

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    #sarafu #newbills #doen #stro

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    -#sarafu
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    #sarafu

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    -#newbills
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    #newbills

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    -#doen
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    #doen

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    -#stro
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    #stro

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    #sarafu #newbills #doen #stro

    diff --git a/output/new-business.html b/output/new-business.html index 5eda5fc..0af6414 100644 --- a/output/new-business.html +++ b/output/new-business.html @@ -97,7 +97,7 @@
    - +

    Since its implementation, 8 months ago, Gatina-Pesa in Nairobi's Kawangware slum has had various benefits to its members. Some of them have seen their number of customers increase while others have seen improvements in their daily sales. By spending their Kenyan Shillings and supplementing a small percentage of this with Gatina-Pesa, these members are able to trade with each other even when Kenyan Shillings are scarce - hence allowing more wealth to be created within the network.

    To increase the circulation of this currency, the majority of the members have embraced the principle of reciprocity which makes them both suppliers and customers of each other.

    Another impact is identified by a barber who is a member of the Gatina Business Organization (GBO), on the regularity of his customers. Members of the business network tend to use more Gatina-Pesa during harder economic times, such as mid-month.

    diff --git a/output/news-from.html b/output/news-from.html index 087b271..3198dbe 100644 --- a/output/news-from.html +++ b/output/news-from.html @@ -97,18 +97,9 @@
    - +

    Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there. http://www.reconomy.org/community-currencies-in-brazil-interview/ The team hopes to be going there in October, sharing and bringing back a lot of new ideas!

    -

    Every now and then we get news of great things happening in Brazil. Here is a wonderful blog that details some things happening there. http://www.reconomy.org/community-currencies-in-brazil-interview/ The team hopes to be going there in October, sharing and bringing back a lot of new ideas!

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    -http://www.reconomy.org/community-currencies-in-brazil-interview/
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    #brazil #communitycurrencies

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    -#brazil
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    #brazil

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    -#communitycurrencies
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    #communitycurrencies

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    #brazil #communitycurrencies

    diff --git a/output/ngombeni-pesa-artwork.html b/output/ngombeni-pesa-artwork.html new file mode 100644 index 0000000..b85d2b8 --- /dev/null +++ b/output/ngombeni-pesa-artwork.html @@ -0,0 +1,131 @@ + + + + grassroots-pelican - Ng'ombeni-Pesa Artwork + + + + + + + + + + + + + + + + + + + + + + + + + + + + +
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    + Ng'ombeni-Pesa Artwork +

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    The Ng'ombeni-Pesa Community Based Organization has been formed. They are a neighboring slum to Bangladesh in Mombasa County and live in a devastating situation. Ng'ombe means cow in Kiswahili and Ng'ombeni means the place of the cows. Sadly there have been no cows in this area for nearly 20 years, and it now forms an area with the cheapest housing in Mombasa. (No utilities, and poorly built mud houses, with rusting iron sheets.) But there is a vibrant group of (mostly) women business owners who want to change all this.

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    At our 3rd large scale community meeting on April 18th 2015 we talked with a potential 50 new members of the group that represent schools, churches and many small businesses. At the meeting four pieces of art that had been based on requests from the community were presented. The art was created by our own Carol Opondo, the artists for Bangla-Pesa, and the results are stunning. There are four themes for the four denominations of vouchers that will be used as the community currency. The themes are community, environment, education and economy; since the community currency ties them all together to improve livelihoods.

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    #ngombeni

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    The Bangla-Pesa crew is getting ready for our November 23rd re-launch. We have confirmed guests from parliament, the governors office, police, district and other local authorities as well as the Women's Rep. for the County.

    Our agenda for the day includes:

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    Our agenda for the day includes:

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    Our agenda for the day includes:

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    • A match with the Bangla-Pesa volley ball team.
    • Displays of various media on Bangla-Pesa including our newest animation.
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    • An enactment drama of Bangla-Pesa past present and future.
    • Program's Official re-Launch Ribbon Cutting
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    Look out for the Bangla-Pesa street sign. Emma Onyango will operating out of various shops in the community accepting registrations in the program.

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    -Bangla-Pesa was featured on Public Radio International today.
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    #bangla #complementarycurrencies #grassrootseconomicsnews

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    #bangla #complementarycurrencies #grassrootseconomicsnews

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    -#bangla
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    #bangla

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    #complementarycurrencies

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    #grassrootseconomicsnews

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    Bangla-Pesa was featured on Public Radio International today.

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    #bangla #complementarycurrencies #grassrootseconomicsnews

    diff --git a/output/not-your.html b/output/not-your.html index ade2d82..f487c14 100644 --- a/output/not-your.html +++ b/output/not-your.html @@ -97,18 +97,12 @@
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    This is Julius Odhiambo.

    He owns a vegetable kibanda and has been using Community Currency called Bangla-Pesa, which is part of the Sarafu-Credit network, outside Mombasa since 2013. Julius is happy with the Bangla-Pesa because he has increased his sales. “I only started with selling 3kgs of tomatoes alone but now I a whole crate of tomatoes in a day, sukuma wiki, cabbages, onions etc. And this is because I both use Bangla-Pesa and many people come to buy from my stall using Banla-pesa”, he says. When Julius realized that he was getting many customers, he decided to take a risk and increase his stock of tomatoes and other vegetables too since he was making good profit. “I have also become a supplier of vegetables in 5 of the restaurants around here because they top up their payments in Bangla-pesa which they receive from their customers,” he adds. Julius uses Bangla-Pesa Credit to buy his lunch and food for his family. He also buys water, charcoal and gets his shoes repaired using the Bangla-Pesa.

    By enabling Julius and a network of businesses and schools to issue a circulating private credit (community currency) as a voucher for their goods and services the local economy's velocity of money increases, because it no longer depends on scarce and seasonal National Currency - but rather purely on productive capacity. A zero interest Sarafu-Credit line is issued to members of business networks based on their productive capacity as well as cooperative assets. In the Bangla-Pesa network the members co-own a local wholesale shop which provides collateral backing for the Bangla-Pesa, so that if Julius has too much Bangla-Pesa to use, he is guaranteed to be able to exchange it for the wholesale products and profits from the cooperative.

    This system creates an interest free source of credit and market stability for the businesses of an community of over 20,000 people. Grassroots Economics is currently working with over 1,000 businesses in Kenya and hoping to spread access to these programs to marginalized communities across Kenya over the next few years.

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    #bangla #duka

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    #bangla

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    #duka

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    #bangla #duka

    diff --git a/output/one-church.html b/output/one-church.html index 56320ad..47b67e8 100644 --- a/output/one-church.html +++ b/output/one-church.html @@ -97,7 +97,7 @@
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    Samson Dzeha Nyanje was born 1972. He is a pastor at Apostolic Ministry of Kenya and has been supporting his community since 1999 in Mkanyeni, Kwale at the age of 27 years.

    Dzeha learned about CICs (locally called Sarafu) two years ago from Nadzua Mwero, a leader in a nearby Women’s Group. By introducing CICs his congregation has been able to continue offering tithing when they have no national currency and in return he has been able to purchase goods and services from his congregation to help the needy in his community get food. His first Sunday after introduction, Pastor Dzeha collected 250 CC and 100 ksh as offering, almost twice the typical offerings. Offerings have grown over time and he now has enough to support pastors under his supervision and get his basic needs met for his community. Since more people feel they have something to offer with CICs, the congregation has over doubled to 84 members, 35 adults and 49 children.

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    He quotes “ If it were not for Sarafu, I would not be where I am. Sarafu has expanded my horizons. I am now a business owner and also offering services in my community using it. This was a dream back in 2018. I am able to save the national currency and I can now comfortably educate all my children” “Our church can now better support the community even when there are no Kenyan shillings due to poor markets and crisis.“

    Dzeha’s church is a pillar of support representing the majority of CIC trade in the community. In just the last month during the COVID crisis the church has:

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    • Received 97,303 CICs in 252 transactions from 181 people,
    • Spent 126,638 CIC in 248 transactions to 42 people. This represents as much as 6000 individual meals in a community!
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    diff --git a/output/tag/agroforestry.html b/output/tag/agroforestry.html index 79fe485..4b87e7d 100644 --- a/output/tag/agroforestry.html +++ b/output/tag/agroforestry.html @@ -76,6 +76,31 @@

    Articles tagged with agroforestry