A crash course in changing the world.


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Meet Prema Salgaonkar. She's helping invent the future of money in Mumbai.
Every day, as part of a program called Mahila Milan (or “women together”), Prema visits more than 450 households in Mumbai's Dharavi slum in order to conduct face-to-face "micro-savings" transactions.
On any given day, up to 150 of the women she visits will deposit a small amount with Prema — anything between 5 to 200 rupees. Over time, these small daily savings help the women plan a better future for their families. And it's not just happening in Mumbai — nationwide in India, more than 60,000 women have joined the Mahila Milan network.
Micro-savings is just one big idea that may change the future of money forever. Social innovators around the world are designing many more kinds of ways to trade, save, barter, earn, purchase, and invest.
Your mission this week: Uncover the creative solution that YOU think will have the biggest impact on the future of money.
Here are some places to start your investigation:
Who else has a truly creative idea for solving the water crisis? Find a great, big idea and share it with the EVOKE network.
The
Future of Money
Do-It-Yourself Currencies
World of
Good Markets
The Future
of Barter
Local
Exchange Trading Systems
Community Currencies in the U.S.
You might find more ideas by searching for "alternative currency", "community bank", "virtual currency", or "social banking". Good luck!

Comment
Comment by Claudia Siatkowski yesterday LEARN 5
By reading some articles about money and alternative systems of currency I found a really fantastic example which shows the improvement of a town from third world to a first world city. The talk is of Curitiba , the capital and largest city of the southeastern Brazilian state of Paraná.
The story of Curitiba in Brazil illustrates how the introduction of a complementary currency was able to help a developing and impoverished city leverage its untapped resources to creatively solve a host of challenges and support environmental clean up, job creation and city restoration.
Jaime Lerner, who became mayor of Curitiba in 1971, did not have funds to apply customary solutions, he had to think about a different way to save the future of the city.
What Curitiba did have was an abundance of food supplies owing to the fertile lands and tropical climate of southeastern Brazil. It also had a municipal bus system that was underutilized, with many favelaresidents unable to afford public transportation. Mayor Lerner made use of these local resources to help resolve Curitiba’s urban issues.
Large metallic bins were placed at the edge of the favelas. Anyone who deposited a bag full of pre-sorted garbage received a bus token. Those who collected paper and cartons were given plastic chits, exchangeable for parcels of seasonal fresh fruits and vegetables. In addition, a school-based garbage collection program supplied poorer students with notebooks. The bus tokens were soon accepted at local markets in exchange for food.
The many initiatives—environmental cleanup, city restoration, job creation, improved education, disease intervention, hunger prevention—were each tackled without having to raise taxes, redistribute wealth, issue bonds, rely on charity or obtain loans from the federal government or organizations such as the World Bank and the International Monetary Fund (IMF).
In Conclusion I would say that these system of complementary currency could be an option for other third world cities or even countries as well. Therefore some bureaucracy is of course necessary, but Curitiba shows the success if a city and its major are prepared to change a not working system to a better future.
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