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The Implementation of a Community Inclusive Currency in Cameroon

ASAFE comes up with a design ready for implementation everywhere in the region

After field studies, that revealed pressing constraints on smoot trade and exchange in communities, found out that one factor that bogged down fluid trade exchange within a community was the lack of a steady circulation of cash for reasons that are varied.

One solution that came out strongly; and easily implemented thanks to digital technology was that of a “Community Currency”. It is showing that thanks to technology; financial inclusion is possible and mostly access to credit.

ASAFE decided to go from concept to implementation.

The site of Nylon quarters in Douala that harbors 5000 inhabitants was chosen for the pilot program because it is inhabited by low income earners who supplement their income with a variety of trades. Contacts were made with the Chief of the Quarter for sensitization meetings with inhabitants.