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Unbanked

How ‘Chamas’ And Mutual Credit Are Changing Africa

January 27, 2024 Shaila Agha, Grassroots Economic Organizing. , , , ,
If I say that the Sarafu Network is a mutual credit network that allows trading without conventional money, that includes 50,000 households across Kenya and did $3 million worth of trade last year – how’s that for a brief description? Yeah, actually we’re up to 52,000, and last month we had 4200 new users registered. What kind of traders are they? Mostly food / agricultural produce. Food sellers and farmers. And what’s your role there? I’m the incoming director, dealing with business development and funding.

The Post Office Can Bring People-Centered Banking To Every ZIP Code

May 28, 2023 Annie Norman and Aditi Sen, Inequality.org. , , ,
The need for a public banking option is urgent. Nearly 10 million households, a disproportionate number of whom are people of color, are unbanked in the United States. Unbanked or underbanked households must pay expensive fees for non-bank financial services to access their own money for paying bills, cashing checks, remittances, rent, and ATM withdrawals — costing upwards of $2,400 annually. The widely trusted U.S. Postal Service has a long history of postal banking and is physically located in every community, making it the sensible option to provide a public banking solution. But this requires a good faith effort, done well.

Urgent End Of Year Fundraising Campaign

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Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

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Urgent End Of Year Fundraising Campaign

Online donations are back! 

Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Donate Here
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