129 lines
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title="Permalink to Shrimp Fishing Builds an Economy">Shrimp Fishing Builds an Economy</a>
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<time class="published" datetime="2019-06-16T00:00:00+03:00">
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Sun 16 June 2019
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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>Resilient circular economies start with connecting productive capacity to local resources.</p>
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<p>Local fishermen pay for their children’s school fees by selling their shrimp to a cooperative with a freezer for storage. Women buy the shrimp from the cooperative to feed their families and to sell to local schools for lunch.</p>
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<p>What if this flow of resources didn't depend on access to scares Kenyan Shillings? What if people could establish a mutual credit that would continue to stay in the community even in the worst market conditions, political crisis, natural disasters?</p>
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<p>Communities in rural areas near Mombasa are doing just that. They join a network of local businesses and receive a free credit of 400 Tokens (soft-peg to National currency). Once various loops of trade (like above <em>fishing->storage->cooking->school fees->fishing</em>) are decoupled from scare or volatile Kenyan Shillings we are seeing a lot more is possible in developing local resilient economies. The ability for community members to support one another in times of need begins to grow - reaching back to a time before the introduction National Currencies when community members would take turns working on each others fields and fixing each others houses.</p>
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<p>What is perhaps most exciting right now is the usage of Community Currencies in Savings and Lending groups ... coming soon.</p>
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<p><a class="reference external" href="https://www.grassrootseconomics.org/blog/hashtags/fishing">#fishing</a> <a class="reference external" href="https://www.grassrootseconomics.org/blog/hashtags/economics">#economics</a> <a class="reference external" href="https://www.grassrootseconomics.org/blog/hashtags/Miyani">#Miyani</a> <a class="reference external" href="https://www.grassrootseconomics.org/blog/hashtags/Mombasa">#Mombasa</a></p>
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