Today is the fourth day of Kwanzaa and today's principle is Ujamaa or Cooperative Economics; to build and maintain our own stores, shops and other businesses and to profit from them together.
Hopefully you already realize that different communities have chosen to set up Chambers of Commerce to support "their" businesses or publish their own Yellow Pages in order to keep money within the group. For today's entry I just wanted to highlight a couple of interesting examples of distinctive financial arrangements people have come up with which manifest the principle of ujamaa. This shouldn't be taken as an endorsement on my part. You should do your own research for your own investments. But personally I think it is interesting that people are even attempting these kinds of alternatives to conventional business arrangements.
Federation of Southern Cooperatives Land Assistance Fund
List of Muslim Financial Institutions
What are co-operatives?
Ansar Co-operative Housing Corporation Ltd.
For further reading:
A history of African-American Farmer Co-operatives, 1938-2000
Also:
United Farm Workers
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