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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 is a 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: Kisimu Ndogo, Shauri Yako and Mnazi Mmoja. Once registered, local businesses become part of a business Network. Once in this network, businesses are allowed to exchange thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiswahili
Swahili, also known by its local name , is the native language of the Swahili people, who are found primarily in Tanzania, Kenya and Mozambique (along the East African coast and adjacent litoral islands). It is a Bantu language, though Swahili has borrowed a number of words from foreign languages, particularly Arabic, but also words from Portuguese, English and German. Around forty percent of Swahili vocabulary consists of Arabic loanwords, including the name of the language ( , a plural adjectival form of an Arabic word meaning 'of the coast'). The loanwords date from the era of contact between Arab slave 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. The number of Swahili speakers, be they native or second-language speakers, is estimated to be approximately 200 million. Due to concerted efforts by the government of Tanzania, Swahili is one of three official languages (th ... [...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 the British East Africa, before Nairobi was elevated to capital city status. 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 (circa 900 AD) and second-largest List of cities in Kenya, cityThe World Factbook . Cia.gov. Retrieved on 17 August 2013. after the capital Nairobi, with a population of about 1,208,333 people according to the 2019 census. Its metropolitan region is the second-largest in the country, and has a population of 3,528,940 people. Mombasa's location on the Indian Ocean made it a historical trading centre, and it has been controlled by ma ... [...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 as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kibera
Kibera (Kinubi: ''Forest'' or ''Jungle'') is a division of Nairobi Area, Kenya, and neighbourhood of the city of Nairobi, from the city centre. Kibera is the largest slum in Nairobi, and the largest urban slum in Africa.http://www.dominionpaper.ca/articles/1703 Machetes, Ethnic Conflict and Reductionism 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. Most Kibera slum residents live 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 lack acce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', 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, while the metropolitan area has a projected population in 2022 of 10.8 million. The city is commonly referred to as the Green City in the Sun. Nairobi was founded in 1899 by colonial authorities in British East Africa, as a rail depot on the Uganda - Kenya Railway.Roger S. Greenway, Timothy M. Monsma, ''Cities: missions' new frontier'', (Baker Book House: 1989), p.163. The town quickly grew to replace Mombasa as the capital of Kenya in 1907. After independence in 1963, Nairobi became the capital of the Republic of Kenya. During Kenya's colonial period, the city became a centre for the colony's coffee, tea and sisal industry. The city lies in the south central part of Kenya, at an elevation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
