Community Inclusion Currencies
Community Inclusion Currencies are regional means of exchange that supplements the national currency system. See Sarafu Network as an example.
Due to economic instability, people often lack money with which to purchase from each other
Thriving communities build their own prospering economies
Community currencies create a stable medium of exchange tied to local development
Community Inclusion Currencies (CICs) connect
Underutilized workforces
Underutilized resources
to local markets and capital reserves that guarantee the provision of basic needs
Investments and donations provide funding and liquidity for CICs to develop local industries and infrastructure
These industries act as backers for the community currencies that are issued into the region through interest-free credit, community services and operational costs
Community Inclusion Currencies accelerate trade and provide funding for social and environmental services
Community Inclusion Currencies provide markets and incubate local industries
These mature industries provide...
Through our work in Kenya we've seen:
77%
Increase in trust
347%
Increase in gifting
57%
Increase in environmental activities
23%
Increase in school attendance
25%
Decrease in crime and corruption
+17%
Jobs created
+37%
Sales revenue
+78%
Food Security
As a socio-economic development tool Community Currency offers an innovative way to improve living standards
lack of money
market instability
lack of investment
excess capital
lack of local industries
interest free credit card
market stability
increase in local trade
build local trust and financial social services
increase in jobs and business development
Going to scale
But this is just the beginning!
User generated Community Inclusion Currencies have the potential to create a world wide market for smart token social bonds and connected sustainable development goals
We are currently working on a MOOC to be able to spread our knowledge, findings, troubles and projections for the future!