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Local Communities
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Ormita has experience developing low-cost community currency networks in developing countries and/or areas of poverty. These programs are aimed at providing local funding opportunities to the address the following community sector issues:
Those with little or not assets
Those living in hardship
Vulnerable and under-funded community groups
Assist the development and growth potential of locally owned businesses
Reduce the impact of any potential natural disaster, tourism decline
Reduce reliance on foreign imports
The establishment of sustainable businesses
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Local Capacity Development
Creation and/or strengthening of local micro business networks/cottage industry clusters
Fostering new socioeconomic enterprises
Attracting cottage industry, micro businesses and resources from outside the community
Enhancing the employment linking capacity of the local community
Organisation of “build your micro business” training programmes
Co-ordination of the micro business and cottage industry
Development of opportunities that enhance market share for local micro business
Plugging the leaks in the local economy
Marketing the local community
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National Benefits
Community Credit alternatives for interest free micro credit
Realignment of financial interests with long-term concerns
More financial stability at a local level
More tax incomes due to increased local economy activity
Fewer expenses for fighting hardship-related social problems
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