Migrant groups

Social Trade Organisations have prepared methodologies to assist migrant organizations with innovative ways to use the C3 technology to improve the effect of remittances on the local development and to allow migrants to have more control over the expenditures at home.

One of the options is that the hard won money of the migrant is forwarded into a micro-credit program to boost the local economy. At the same time the recipient family at home gets purchasing power in the form of exchange credits within the C3 network with perhaps an additional Bonus that can be spent locally. Over time as the exchange credits are being redeemed for national currency by the local entrepreneurs, the units that have left circulation are being replaced by fresh remittances. In the mean time the money has capitalized the community and the increased purchasing power in C3-units has been used several times, increasing circulation within the community and reinforcing the local production chains.

As an example, modern technology offers options for the overseas mother/migrant-worker to be involved with the expenditures for her children. She can be the main accountholder providing the for the children’s allowances for food, school-payments, etc. The overseas migrant-worker can give her approval via SMS to allow or reject any payment.