Kenyan Businesswomen Transforming Slum Economies through Complementary Currencies
Think pieces for the UNRISD conference “Potential and Limits of Social and Solidarity Economy”. 6-8 May 2013
Morgan Richards, William O. Ruddick, May 2013
Read the complete document on: www.unrisd.org
Summary :
Are complementary currencies the next step in building the Social and Solidarity Economy and could Kenyan women be demonstrating a new development model for a failing global monetary system? This think-piece examines the case of the Bangladesh community, an informal settlement in Kenya, using a complementary currency system which enables female business owners to build resilience, avoid economic downturns and juggle family care and business profits. After promising initial outcomes, the Central Bank of Kenya initiated charges for forgery in May 2013.