Director,
T.E.(Terry)
Manning,
Schoener 50,
1771 ED
Wieringerwerf,
The Netherlands.
Tel:
0031-227-604128
Homepage:
http://www.flowman.nl
E-mail:
(nameatendofline)@xs4all.nl : bakensverzet
and
"Money is not
the key that opens the gates of the market but the bolt that bars them"
Gesell, Silvio The
Natural Economic Order
Revised English
edition, Peter Owen,
“Poverty is created scarcity”
Wahu Kaara, point 8 of the Global Call to Action Against Poverty, 58th
annual NGO Conference, United Nations,
01. The project encourages open competition and free
enterprise within the framework of a cooperative and non-profit-making
interest-free global financial structure.
02.
The amount of the project budget is €100 per person, or €8.000.000 for the whole project area with a
population of 80.000.
03. 75% of this capital will be contributed by
(external funding parties – name them- or the national or state government) and
the remaining 25% by the people themselves in the form of work done under the local money systems set up for the execution
of the project through conversion into formal money at the rate of €3 per each eight-hour working day.
05. The formal money
necessary, €6.000.000 for the whole project
area with 80.000 inhabitants, is financed by way of seed
capital in the form of a gift or in the form of an interest-free ten year loan.
05. General financial supervision will be on terms
agreed with the lenders of the seed capital, but with the elimination of
unnecessary bureaucratic restraints, in accordance with the auditing structures, the statutes of the NGO Project New Horizons for Kiogoro (responsible
for project execution) and the statutes of the NGO Cooperative New Horizons for
Kiogoro (responsible for on-going managements of the project structures).
06. Users will be 100% responsible through their
management NGO “Cooperative New
Horizons for Kiogoro” for all on-going administration, capital repayments,
and maintenance costs. Each household will pay a monthly contribution
sufficient to cover those costs and long-term replacement of capital goods. The
instalments will be to a large extent covered by savings on funds traditionally
spent on fuel, water , batteries and waste removal.
07. Seed capital repaid by users in monthly
instalments will be retained in the local area in the Cooperative Local
Development Fund for the first ten years. During that time, the repayments will
be used to grant revolving interest-free
micro-credits for local development. At the close of the first period of
ten years, the amount collected in the in
the Cooperative Local Development Fund is sufficient to pay back, where
necessary, any interest-free seed loans used for project execution.
08. Inhabitants start making their contributions once
the interest-free micro-credit system is set up in an early phase of project
execution.
09. Money from the repayment of micro-credit loans is in turn recycled
interest-free to finance more micro-credit loans in favour of local
development.
10. The local currency
(LETS) systems will form the general method of payment for (most) local
goods and services at community level, including those provided for the project
from within the local community.
11. Funds reserved for maintenance and long-term
replacement of capital goods will also be recycled for interest-free
micro-credits until they are needed.
12. Administration, construction, inspection and
maintenance work will be done by local operators and villagers who will be paid
mostly in local LETS currencies to be set up in any early phase of project
execution. The applicable tariffs are those of the local money system. The
formal money salaries of the project coordinator, his consultants and advisers
are included as specific items in the project budget.
13. Each individual user is in a position to meet
his or her financial obligations. Three
levels of social protection are set up for poor, elderly, sick, and
handicapped users. First through the tanks commissions who receive a small
amount of formal money each month for distribution to those most needing help.
14. Full use is made of local knowledge and experience and of local
work and materials, with full respect for local social traditions.
15. Local economic self-sufficiency is encouraged
and financial leakage from the project area reduced and if possible blocked
altogether.
16. The social,
financial, productive and services structures created in the course of
project execution ensure that women play an
important, dominating, role at all
levels during all the phases of execution and management of the project
structures.
17. Individual women or women's groups will, without
payment, each look after the sanitation units installed in their own homes.
Public sanitation structures will be run as businesses under the local money
systems.
18. The operation of the micro-credits structure will be carried out
by an administration unit set up under the project itself and owned and
operated by the people in the project area through the Cooperative New Horizons for Kiogoro.
The costs of running the micro-credits system are covered under the local money
systems.
19. The Government of
the Nyanza Province, The Kisii District Commissioner, and the Local
Councils in the project area (will undertake)(have undertaken) not to intervene
to impede the development of the local LETS currencies either during or after
the project period in any case for the first period of ten years.
20. The Project Coordinator (will reach) (has reached)
a specific agreement with the (applicable) tax authorities before the start of
the project as to taxation of activities under the Local Exchange Trading (LETS) systems.
21. Before the project starts, funding parties set up the NGO Project New Horizons for Kiogoro for
the execution of the project. The statutes of
the NGO Project New Horizons for Kiogoro must provide for passage of
ownership of all project structures as they are created and enter into
operation to the NGO New Horizons for Kiogoro, which represents the various
administrative levels of the beneficiary communities. The NGO Cooperative New Horizons for Kiogoro
retains all rights of reversion of ownership in case of default by any
administrative organ in making any contributions or instalments.
22. The project will create
about 6000 jobs.
Return to:
01.02 Menu of the project executive summary.
FROM SECTION 01.00 GENERAL
INFORMATION
Next file :
01.03 List of drawings and graphs.
Back to:
FROM SECTION 04.00 PROJECT GOALS
AND EXPECTED RESULTS
Next file :
04.07 Some basic concepts behind the project.
Back to:
04.05
Expected results of the project.