And so on the finance side, my job is to manage that entire pipeline from donor to the first bank it hits in the US to the foreign exchange transaction to get to Kenyan shillings or Rwandan francs, the bank it sits there, and then the getting to the mobile money provider and to the eventual recipient.
Figure out what they're worth, but the key is you can't give them back something of the exact same value of what they just gave you. So that okra's worth three shillings . Give them something worth two shillings or give them something worth four shillings .
So that okra's worth three shillings . Give them something worth two shillings or give them something worth four shillings . Never give them something worth three shillings because if you do you're saying, "I don't want to have anything more to do with you.'"
Give them something worth two shillings or give them something worth four shillings . Never give them something worth three shillings because if you do you're saying, "I don't want to have anything more to do with you.'" So people have to be in each others' debt just a little bit and that way you always have an excuse to like, "Oh, by the way, I still owe you a shilling."
Voila, you've turned a relationship of violent inequality into a relation where the victims are running around feeling inadequate all the time, making terrible apologies for themselves It's like pounds, shillings , and pence originally come from Charlemagne's system.
plan, which they then had to present to local judges from the business community. I don't know if you can see it, but it's like 30,000-- what looks like $30,000 but it's Kenya shillings , which amounts to maybe $300-$400,
M-Pesa is a mobile payments technology in Kenya and what it allows you to do, Gary, if I, I can kind of send you money stored value to your phone, then you can go tell local gas station and send the gas station owner money and he will pull money out of his till, Kenyan shillings and give it to you. So everyone almost kind of turns into an ATM machine, if you will.
People, nice people operate on credit and trust. So everybody's doing these credit transactions and everybody's keeping track in their heads, "Oh, I owe him five shillings , he owes him three," and every six months to a year they have what they call communal reckoning.
have what they call communal reckoning. So, everybody sits down in a big circle and they say, "Alright I owe you seven shillings , he owes him seven shillings , he owes him, he owes me, okay big circle we can cancel that one out." And they just do a bunch of loops and they gradually whittle it down until they figure out there's about three shillings left over between this guy and that guy, what is actually
So, everybody sits down in a big circle and they say, "Alright I owe you seven shillings , he owes him seven shillings , he owes him, he owes me, okay big circle we can cancel that one out." And they just do a bunch of loops and they gradually whittle it down until they figure out there's about three shillings left over between this guy and that guy, what is actually owed, and then somebody gives somebody a pig -- some cheese whatever it might be and they settle it and go back to zero again
They had Eames' totem on display. And if you look, it says "Mombasa District Casino, one hundred Shillings ." It's a Mombasa Casino casino chip. But it's misspelled. There's an extra "S" in Mombasa.
Never give them something worth three shillings because if you do you're saying, "I don't want to have anything more to do with you.'" So people have to be in each others' debt just a little bit and that way you always have an excuse to like, "Oh, by the way, I still owe you a shilling." So everybody has an excuse to see each other.