90 lines
2.3 KiB
ReStructuredText
90 lines
2.3 KiB
ReStructuredText
:title: Kwaheri 2015 - Community Service and Results
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:author: Will Ruddick
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:date: Dec 16, 2015
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:slug: kwaheri-2015
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:summary: Five Community Currency (CC) trading business networks in Kenya have started their end of the year activities, using collected membership...
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.. image:: images/blog/kwaheri-20151.webp
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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.
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Trade Volume
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* Amount in circulation: 216,000 Kenyan Shillings (1,911 EUR)
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* 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.
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* Monthly Circulation: ~1,118,000 Kenyan Shillings (10,750 EUR)
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* Yearly Circulation: ~14,000,000 Kenyan Shillings (129,000 EUR) This as new trade within five low income informal settlements.
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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.
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CC Users
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* Business Network Members: 599
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* Schools: 18
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* Teachers: 72
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* Community Fund beneficiaries outside of Networks( such as service work participants): ~500.
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* Saving & Loan Members: ~100
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Secondary Users
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* Students: 540
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* Family members: ~3000
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* Surrounding communities depending on businesses and schools: 100,000 (at roughly 20k people in each community around the shops)
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Typical CC Uses
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General Trade
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* Increases to sales and customers
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* Not going hungry and stability during poor markets
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* Offering CC as change during National Currency sales.
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Schools
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* Higher enrollment and less student debt
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* Teacher salary advances
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Open Air Markets
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* Selling more stock and getting new clients
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* Public usage of CC during event
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Savings and Loan
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* Ability to save and invest. Networks savings increasing.
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Community Services
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* Waste Collection, care for the needy, sports events, networking and cooking, school events.
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