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title="Permalink to Kwaheri 2015 - Community Service and Results">Kwaheri 2015 - Community Service and Results</a>
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<time class="published" datetime="2015-12-16T00:00:00+03:00">
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Wed 16 December 2015
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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>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.</p>
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<p>Trade Volume</p>
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<ul class="simple">
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<li>Amount in circulation: 216,000 Kenyan Shillings (1,911 EUR)</li>
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<li>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.</li>
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<li>Monthly Circulation: ~1,118,000 Kenyan Shillings (10,750 EUR)</li>
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<li>Yearly Circulation: ~14,000,000 Kenyan Shillings (129,000 EUR) This as new trade within five low income informal settlements.</li>
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</ul>
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<p>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.</p>
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<p>CC Users</p>
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<ul class="simple">
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<li>Business Network Members: 599</li>
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<li>Schools: 18</li>
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<li>Teachers: 72</li>
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<li>Community Fund beneficiaries outside of Networks( such as service work participants): ~500.</li>
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<li>Saving & Loan Members: ~100</li>
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</ul>
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<p>Secondary Users</p>
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<ul class="simple">
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<li>Students: 540</li>
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<li>Family members: ~3000</li>
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<li>Surrounding communities depending on businesses and schools: 100,000 (at roughly 20k people in each community around the shops)</li>
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</ul>
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<p>Typical CC Uses</p>
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<p>General Trade</p>
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<ul class="simple">
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<li>Increases to sales and customers</li>
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<li>Not going hungry and stability during poor markets</li>
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<li>Offering CC as change during National Currency sales.</li>
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</ul>
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<p>Schools</p>
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<ul class="simple">
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<li>Higher enrollment and less student debt</li>
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<li>Teacher salary advances</li>
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</ul>
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<p>Open Air Markets</p>
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<ul class="simple">
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<li>Selling more stock and getting new clients</li>
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<li>Public usage of CC during event</li>
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</ul>
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<p>Savings and Loan</p>
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<ul class="simple">
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<li>Ability to save and invest. Networks savings increasing.</li>
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</ul>
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<p>Community Services</p>
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<ul class="simple">
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<li>Waste Collection, care for the needy, sports events, networking and cooking, school events.</li>
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