Accepting a portion of sales in community-currency frees up small businesses to invest in their future.
People in low income communities often have goods and services to trade, but they lack money with which to purchase each other's wares. Business owners need a way to exchange goods and services without relying on scarce national currency.
Sarafu-Credit is a community currency backed by networks of vendors, craftspeople and schools. It enables trade to occur between people who don't always have enough national currency to spend.
Communities using our currencies show increased trade, job creation and savings. In addition, members have a greater sense of pride, economic security and community cohesion.
SCALE AND GROWTH:
Grassroots Economics currently works with over 1000 businesses and schools in Kenya and is poised to expand across East Africa.