Are you an owner of SKO1 #tokens?

Follow these instructions to swap SKO1 to SKO: https://link.medium.com/lJIrT8dLL7

#sikoba #sikobaPay #SKO #iouEconomy #SocEnt

#Sikoba has agreed with De Kär, operators of the Beki #regional #currency in the canton of #Redange to integrate the #digital Beki into its platform.
https://link.medium.com/a877rOFZW7

#sikobaPay #SKO #iouEconomy #SocEnt #business #Transaction #payments

This month we've signed an MoU with Chelma Advisory Institute to provide #microcredits to #WomenEntrepreneurs in Kisii, Kenya., Francesca Lo Re has joined #Sikoba as senior advisor, and on the development side, the focus was on the web interface.

September is going to be exciting! An actual crypto use case is starting going viral in Africa. 🔥🔥

https://medium.com/sikoba-network/sikoba-august-2020-update-caa83ee83b8b

#sikobaPay #iouEconomy #socent #socialimpact #socialinnovation #financialinclusion #financeandeconomy

Sikoba aims to provide community-funded loans with much lower interest rates. ❤️❤️

#Sikoba #sikobapay #sikobaApp #SKO #IOU #informalcredit #IOUeconomy #socent #communityfunded #developingcountries #communitydevelopment #boostlocal

#Sikoba is a tool that makes informal credit much more effective. In this infographic we have listed the advantages of using Sikoba, that might help people & #SMEs in developing countries to improve their day-to-day life without any external help. More info: http://sikoba.com #socent
https://bit.ly/2YiOJzr

What is the main purpose of #Sikoba? Do you know?

Sikoba allows #payments to be made without having #money (whether #fiat, #crypto or any other #assets) to begin with.

#SKO #IOUeconomy #SME #financialinclusion #SocEnt

Who can use #Sikoba? Do you know?

Sikoba can be used by individuals, #SMEs & local #communities setting up and managing their own micro-credit systems, similar to #local currencies that are in use globally.

#money #localcurrency #communitycurrency #sustainability #IOUeconomy #SocEnt #financialinclusion #fintech

Will #Sikoba replace the banking system?

Sikoba is not a bank replacement, it is designed to bring #credit trading back to people alongside bank money.

In Germany, until a few decades ago, promissory notes (“Wechsel”) were routinely used by #SMEs - until bank credit became easily accessible.

#SocEnt #financialinclusion #sustainability #IOUeconomy

Do I need to have a bank account or cash to get started?

No, you do not need a bank account or cash. You can simply download #SikobaPay, find other users whom you know or already do #business with, and start accepting their #credit.

#Sikoba #IOUeconomy #financialinclusion #SocEnt

How does the #SikobaPay determine user’s #creditworthiness?

Our users are strongly encouraged to grant #credit lines only to users (individuals & companies) they know and trust personally.

#Sikoba #IOUeconomy #financialinclusion #SMEs #sustainability #SocEnt

#Sikoba is targeted at small #business owners, traders & artisans who do not necessarily know about #crypto. Our users will be interested in the functionalities rather than in the #blockchain aspect.

#IOUeconomy #financialinclusion #sustainability #SMEs #SocEnt

What does the term #InformalEconomy mean? Do you know?

The informal economy also referred to as #GreyEconomy, is that part of the economy which is not governed by the state or any authority.

#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt

What does the term #informalcredit mean? Do you know?

Informal credit means #transacting using promises of a future #payment or of a future offsetting transaction. This method has been used in #business for thousands of years, and remains an important means of financing and transacting for a large part of the world.

#sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt

What are the advantages of introducing a #communitycurrency? Do you know?

#Sikoba #Finance #blockchain #IOUeconomy #financialinclusion #sustainability #SocEnt #LocalCurrency #ComplementaryCurrency