This is part of a series of think pieces by scholars and practitioners working on a broad range of issues within the field of Social and Solidarity Economy. The series is being published in conjunction with the UNRISD conference “Potential and Limits of Social and Solidarity Economy”. The conference took place on 6-8 May 2013 in collaboration with the International Labour Organization and the UN Non-Governmental Liaison Service.
Are complementary currencies the next step in building the Social and Solidarity Economy and could Kenyan women be demonstrating a new development model for a failing global monetary system? This think-piece examines the case of the Bangladesh community, an informal settlement in Kenya, using a complementary currency system which enables female business owners to build resilience, avoid economic downturns and juggle family care and business profits. After promising initial outcomes, the Central Bank of Kenya initiated charges for forgery in May 2013.
William O. Ruddick is an associate scholar at the Institute for Leadership and Sustainability (IFLAS) at the University of Cumbria, specializing in complementary currency research and implementation in sustainable development programmes.
Morgan A. Richards is a sociologist from the University Oklahoma focusing on women's business development in Kenya.