In June, I reported the launch and abrupt shutdown of an exciting community development project in a poor suburb of Mombasa, Kenya. The Bangla-Pesa voucher system, conceived and organized by American aid worker Will Ruddick and several local micro-entrepreneurs, is intended to provide additional liquidity that makes it possible for unmet needs of local residents to be satisfied out of their own excess productive capacity.
After a mere two weeks of operation, the Government of Kenya arrested Ruddick and five local micro-entrepreneurs, charging them with forgery. Amidst an indignant outcry from the global development and complementary currency community, the case bounced around through the Kenyan bureaucracy and on Friday, the central bank finally dropped the charges.You can read about this latest development on the Koru Kenya website.
Now, the way appears to be clear for this project to move forward and to build upon its early success. The Bangla-Pesa project is in my opinion one of the most promising current developments in the realm of alternative exchange and community development and deserves wide support as other similar communities line up to replicate it.
Here are 6 short and inspiring videos that tell the whole story. I suggest that you view them all starting with the background of the Bangla-Pesa up through the State’s withdrawing the case. These videos are automatically played in sequence.–t.h.g.