2021 Looking Back
2021 Year in Review
Our vision is a world where communities control their own financial instruments for economic liberty and empowerment. With nearly 60,000 registrations for so far in Kenya, this year was a success in perseverance; we developed multi-Voucher wallets, piloted new communities, drafted legal frameworks, (Read through our documentation here)
Updated Transaction data from January 2020 to December 29 2021
| Region of Kenya | # Users | Sarafu in Circulation | Outgoing Volume | Outgoing Transactions |
| Kinango Kwale | 23,908 | 7,310,308 | 100,664,830 | 157,678 |
| Mukuru Nairobi | 10,282 | 4,775,192 | 180,960,299 | 197,556 |
| Kisauni Mombasa | 6,935 | 1,285,859 | 1,427,073 | 53,466 |
| Misc Nairobi | 5,463 | 1,273,815 | 21,837,935 | 36,047 |
| Nyanza | 880 | 336,649 | 2,085,028 | 15,722 |
| Kilifi | 1,079 | 259,757 | 1,916,324 | 5,507 |
| Misc Mombasa | 1,118 | 165,138 | 267,022 | 2,573 |
| Other | 9,127 | 485,548 | 120,386 | 2,455 |
| Turkana | 578 | 77,441 | 104,917 | 1,206 |
| Misc Rural Counties | 385 | 58,047 | 152,647 | 991 |
| Kitui | 76 | 14,625 | 8,843 | 206 |
| TOTALS | 59,831 | 16,042,379 | 309,545,305 | 473,407 |
With a total of Ksh.16,000,000 Sarafu in circulation and roughly $ 2,735,707 in trade volume in marginalized communities; we observe a 19x multiplier and roughly 474,000 individual transactions.
We had some really interesting research done this year: Read the Journal of Risk and Financial Management
We were joined this year by several humanitarian organizations like:
- WFP Where we are running an RCT to compare CICs against other forms of aid.
- Red Cross Where we have finished a second pilot and developed a Program Quality Toolkit
- UNICEF Where we are developing open source software.
- GIZ Where we are planning with on Cameroon together with the Red Cross
- AFD - Development of a CIC Taskforce for legal and governmental integration
We are working non-stop to empower communities and service providers to take CICs to the world by issuing their own Economic Commons and Instruments like Vouchers and helping them circulate as Community Inclusion Currencies. First stop in 2022, after finalizing a randomized control trial, is Cameroon where we will partner up with 3 initiatives to help Cameroonians make their own systems.
All this wouldn’t be possible without the support of sponsors and the hard work of our Kenya team and dedicated developers!
If you want to help us in this important work please consider a donation via Giveth or contact us. Note that we are a registered Non-Profit in Kenya.
