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.

Sources :

Unrisd website www.unrisd.org/en/library/blog-posts/kenyan-businesswomen-transforming-slum-economies-through-complementary-currencies