128 lines
7.6 KiB
HTML
128 lines
7.6 KiB
HTML
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title="Permalink to Gatina-Pesa Launched">Gatina-Pesa Launched</a>
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<time class="published" datetime="2014-10-11T00:00:00+03:00">
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Sat 11 October 2014
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<address class="vcard-author">
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By <a class="url fn" href="./author/will-ruddick.html">Will Ruddick</a>
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<p>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.</p>
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<p>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.</p>
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<blockquote>
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This is not how money creation normally works. Instead of money coming from debt this Community Currency supports free trade and poverty reduction. Gatina-Pesa has spread out of schools in the area so that local parents can pay their school fees with their goods and services via a mututal-credit voucher (Gatina-Pesa) as a means of exchange. Teachers can then get better salaries and use the Gatina-Pesa at more than 100 shops in the community where it continues to circulate. Each member of Gatina-Pesa also pledges 200 Gatina-Pesa to a community fund so that youth can be paid for waste collection and more children can have their school fees paid for. This is how a community learns to support itself.</blockquote>
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