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Sarafu-Credit
Sarafu-Credit (sarafu is the Kiswahili word for 'currency') is a community currency system operated in Kenya. It is used by five different communities, all located in informal settlements or slum areas, including small businesses and schools. The community currency system takes the form of paper notes, circulating alongside the national currency, the Kenyan shilling. It aims at fostering local trade by mobilizing under-used resources, and at satisfying basic needs (such as accessing food and paying school fees) by allowing users to trade even when the national currency is scarce. The adoption of the community currency has generated an average 22% increase in participating businesses' incomes.Ruddick, W.O., Richards, M.A. & Bendell, J., 2015Complementary Currencies for Sustainable Development in Kenya: The Case of the Bangla-Pesa ''International Journal of Community Currency Research'', 19. In using communities, up to 10% of local food purchases are being done using the community ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eco-Pesa
Eco-Pesa is the name of a Kenyan community currency, used to reduce poverty and support environmental conservation in a slums areas inside the Kongowea Location, Mombasa District, Kenya. Pesa (money), Pesa is a Swahili language, Swahili word for money. Eco-Pesa's was in circulation for one year and was considered the pilot that resulted in the more sustainable Bangla-Pesa model of community currencies that have been duplicated in five communities in Kenya and two in South Africa. Issuance Residents could obtain Eco-Pesa through being part of a business network or participating in community events (such as trash collection days) or through local sales and services. Introduction Eco-Pesa were introduced by William O. Ruddick, May 2010 to three slum villages (or informal settlements) inside the Kongowea Location in Mombasa County, namely: Kisumu Ndogo, Kisimu Ndogo, Shauri Yako and Mnazi Moja, Mnazi Mmoja. Once registered, local businesses become part of a business Network. Once i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiswahili
Swahili, also known as as it is referred to in the Swahili language, is a Bantu language originally spoken by the Swahili people, who are found primarily in Tanzania, Kenya, and Mozambique (along the East African coast and adjacent littoral islands). Estimates of the number of Swahili speakers, including both native and second-language speakers, vary widely. They generally range from 150 million to 200 million; with most of its native speakers residing in Tanzania and Kenya. Swahili has a significant number of loanwords from other languages, mainly Arabic, as well as from Portuguese, English and German. Around 40% of Swahili vocabulary consists of Arabic loanwords, including the name of the language ( , a plural adjectival form of an Arabic word meaning 'of the coasts'). The loanwords date from the era of contact between Arab traders and the Bantu inhabitants of the east coast of Africa, which was also the time period when Swahili emerged as a lingua franca in the region. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mombasa
Mombasa ( ; ) is a coastal city in southeastern Kenya along the Indian Ocean. It was the first capital of British East Africa, before Nairobi was elevated to capital status in 1907. It now serves as the capital of Mombasa County. The town is known as "the white and blue city" in Kenya. It is the country's oldest ( 900 A.D.) and second-largest List of cities in Kenya, cityThe World Factbook . Cia.gov. Retrieved on 17 August 2013. after Nairobi, with a population of about 1,208,333 people according to the 2019 census. Mombasa's location on the Indian Ocean made it a historical trading centre, and it has been controlled by many countries because of its strategic location. Kenyan school history books place the founding of Mombasa as 900 AD. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currencies
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency – is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency – a complementary currency used by a group with a common bond, such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kibera
Kibera (Kinubi language, Kinubi: ''Forest'' or ''Jungle'') is a division and neighbourhood of Nairobi, Kenya, from the city centre. Kibera is the largest slum in Nairobi, and also the largest urban slum in all of Africa. The 2009 Kenya Population and Housing Census reports Kibera's population as 170,070, contrary to previous estimates of one or two million people. Other sources suggest the total Kibera population may be 500,000 to well over 1,000,000 depending on which slums are included in defining Kibera. In 2009, a survey conducted by the French Institute for Research in Africa found that the average Kibera slum resident lives in extreme poverty, earning less than US$2 per day. Unemployment rates are high. 12% of the population are living with HIV. Cases of assault and rape are common. There are few schools, and most people cannot afford education for their children. Clean water is scarce. Diseases caused by poor hygiene are prevalent. A great majority living in the slum l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nairobi
Nairobi is the Capital city, capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai language, Maasai phrase , which translates to 'place of cool waters', a reference to the Nairobi River which flows through the city. The city proper had a population of 4,397,073 in the 2019 census. Nairobi is home of the Parliament Buildings (Kenya), Kenyan Parliament Buildings and hosts thousands of Kenyan businesses and international companies and organisations, including the United Nations Environment Programme (UN Environment) and the United Nations Office at Nairobi (UNON). Nairobi is an established hub for business and culture. The Nairobi Securities Exchange (NSE) is one of the largest stock exchanges in Africa and the second-oldest exchange on the continent. It is Africa's fourth-largest stock exchange in terms of trading volume, capable of making 10 million trades a day. It also contains the Nairobi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
