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Bangla Pesa
Mutual Credit System

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Administrator Information
Name Will Ruddick
E-mail Address willruddick@gmail.com
Position / Job Title Founder
First Language English
Organization KORU Kenya
Organization Type Non-Government Organization (Registered)
URL Address koru.or.ke
Currency System Information
Status Operating
Year the System was Started 2013
Community Bangladesh Slum
City / Urban Area Mombasa
Country Kenya
Medium of Exchange Vouchers
Unit of Value Units of National Currency Equivalent
Valuation Non-Contract Agreement to Accept Currency
Cost-Recovery Mechanism
  1. Account Opening / Joining Fee
  2. Annual Fee (12 months)
  3. Charitable granting
Source of Funding Private Donations
Purpose for Establishing System All reasons
Size of Membership 182
Population of Area Served by System 25,000
Estimated Yearly Operating Budget Internal Currency: 30,000
Yearly Volume of Trade Internal Currency: 3,650,000
Main Goods and Services Traded
  1. Foodstuffs-raw, cooked, pastries
  2. Services-transport, health, cleaning services, sewing, porting, construction
  3. retailing_lamp oil, shop keeping, beverages
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