Community Inclusive Currencies
Campaigns you can fund
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Universal basic crisis cash aid
Sarafu, a Community Inclusion Currency (CIC) in Kenya, has a rapidly growing distribution network with 12.000 users (mostly very small) businesses in some of the poorest regions. U...
Supporting COVID community health volunteers
Community Health Volunteers (CHV), Clinics and doctors are daily working tirelessly with communities to teach them to cope with COVID-19. They are, out of their own pockets, suppor...
Enabling last mile food supply
Farming and food distribution is a serious challenge with arid lands, locusts and now COVID-19. The entire supply chain from farmer to fork needs support right now. Using CICs like...
Contributions beyond money are always important! Do you want to support our research? Do you want to support our Open Source software team ? Let us know how you can help. Let's hav...
SDG 2: Zero hunger
Commiting to UN Sustainable Development Goal #2, this campaign aims to reward sustainable farming, improve farming production output and support the income of small-scale food prod...
SDG 11: Sustainable cities
Commiting to UN Sustainable Development Goal #11, this campaign aims to give access to public transportation to the poorest members of the community and improve living standards of...
Improve network stability
With this campaign, we want to improve network stability, or the local economy’s ability to absorb economic recession and individual credit defaults. We first measure the centralit...
Ndegwa supports his family of seven by selling peas and chicken to the community in Miyani. He has gained more customers since he started using the Sarafu service and expects that ...
Funding the Lagos school
Support the local education in this village. Your donation will go toward the physical safety of the teachers, lab and classrooms, operating expense, books, and supplies.
Building a community farm
Most of the local currency community builds around food. While we see food vendors accept CC and families paying in CC, still overregional suppliers drain the community by taking c...
With unstable food systems, deteriorating markets and supply chains, and eroding health systems, knowing how to support front-line interventions is crucial to providing relief and building more resilient communities. The Red Cross, in partnership with Kenya-based Grassroots Economics, have developed a revolutionary solution called Community Inclusion Currencies (CICs) to address the needs of first responders and vulnerable communities during this time of peril and uncertainty.
CICs are blockchain-based digital vouchers that community members trade to buy and sell basic needs in the face of scarce national currency. Over the past decade, CICs have rapidly grown their distribution network to over 12,000 informal businesses (e.g. vegetable, maize, water sellers) in some of the most vulnerable communities of Kenya. Together with technology provider Multiply.Charity, the Red Cross and Grassroots Economics, have created three targeted campaigns to help those most exposed to COVID19’s negative social and economic externalities.
vs the USD
Where does my donation go?
Your donation is converted into cryptocurrency and securely stored in a smart contract on the Ethereum blockchain. This storage is the community currencies reserve, backing the credit tokens created to give to your donee. After a few minutes, your donee receives the currency tokens in their blockchain wallet and is able to spend them. Meanwhile you can track your donation’s impact in your impact dashboard.
How much does a donee receive?
Similar to how a central bank aims to keep a steady interest rate, Sarafu targets a reserve ratio of 25% reserve currency / community credit tokens. This means that there is a variable exchange rate between USD and the community currency. You can view the exchange rate in our exchange panel.