Sepp Hasslberger: Kenyan Community Currencies

03 Economy
Sepp Hasslberger
Sepp Hasslberger

A paper describing an alternative view on money for a UN initiative…

Re-imagining Money to Broaden the Future of Development Finance: What Kenyan Community Currencies Reveal is Possible for Financing Development

Grassroots economics, in a context of a community of micro-entrepreneurs, uses a Collaborative Credit System (CCS) in which members issue interest free credit to each other. This is similar to how most national currencies are created, yet it is done peer-to-peer, without the involvement of banks.