:title: Kwaheri 2015 - Community Service and Results
:author: Will Ruddick
:date: Dec 16, 2015
:slug: kwaheri-2015
 
:summary: Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership...
 



 
.. 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



 

* 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 

* 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 

* 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.




Schools 

* Higher enrollment and less student debt
* Teacher salary advances




Open Air Markets 

* Selling more stock and getting new clients
* Public usage of CC during event


Savings and Loan 

* Ability to save and invest. Networks savings increasing.




Community Services 

* Waste Collection, care for the needy, sports events, networking and cooking, school events.