Online Database of Complementary Currency Systems Worldwide

Community Resources Center
Resources necessary for community resilience...

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Administrator Information
Name Demba Ndiaye
E-mail Address
Position / Job Title Director Intl. Partnerships
First Language English
Second Language French
Organization COMENGIP
Organization Type Non-Government Organization (Registered)
URL Address
Currency System Information
Status Operating
Year the System was Started 2009
Community Nationwide
City / Urban Area Nationwide
Country Senegal
Medium of Exchange Accounts + Vouchers
Unit of Value Several (one or many, defined by users/groups)
Valuation Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Costs born by users
  2. Transactions on Trade
  3. Have Not Decided Yet
Source of Funding Private Donations
Purpose for Establishing System All reasons
Size of Membership 250
Population of Area Served by System 3,000,000
Estimated Yearly Operating Budget Internal Currency: 300,000
National Currency: 300,000 XOF (54,000 USD)
Main Goods and Services Traded
  1. Farming produces
  2. Rental services
  3. Human capital
Additional Information

Through active networking with local entrepreneurs and grassroots organizations, vocational and peer to peer training remain the mere focus that allows local business infrastructure environment to thrive. Agriculture remains the mot vital sector in local economy and is the less supported in terms of official human development programs... Upgrading local farmers skills along with local youth organizations inclusion in agriculural training programs constitute a priority within organization.

Currently sharing on resource mobilization and training materials remain the most wanted items to keep up the momentum, beside consequent donor support to further strengthen the organizational base...

Facilities: Shared workshops
Finance: Financial management training
Finance: Financial management/accounting services
Finance: Linkages to financiers
Finance: Seed Capital
Incubation and Business Development: Business management and development advisory services
Incubation and Business Development: Incubation program for non-resident clients (virtual incubation conceptual stage)
Incubation and Business Development: Mentoring/coaching
Incubation and Business Development: Pre-incubation services
International Business Services: Help entering particular markets
International Business Services: Trade facilitation
Networks and Synergy: Facilitation of linkages between incubates
Networks and Synergy: Networking events
Networks and Synergy: Referrals to business professionals
Technology Transfer: Help with commercializing technology
Technology Transfer: Help with intellectual property/patent advice
Market analysis for specific products and trends in supply and demand.

Images Gallery

Wholistic approach to sustainability within our communities...


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