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Residents of São Miguel Paulista, in the East Zone of the capital, are already using the new currency in SP, the Cacimba, to boost local commerce.
A New currency in SP, called Cacimba, is gaining ground among residents of Vila Nova União, in São Miguel Paulista. Developed in partnership with the Institute for the Development of Social Investment, the initiative seeks to promote local commerce and encourage entrepreneurship, especially in times of economic challenges. But what is Cacimba? How does it work and what does it mean for the community?
According to the report in Jornal SP1, the Cacimba emerged as a creative response to boost the economy of São Miguel Paulista. Inspired by the northeastern tradition of digging wells in times of drought, the coin symbolizes collective effort and belonging. In regions of the Northeast, a cacimba (or artisanal well) is dug by residents to share water. The Cacimba currency follows the same logic of solidarity: it does not belong to those who “dig”, but to those who participate in the solidarity economy.
How the new currency works in SP: Cacimba
This new currency in SP is not just a concept, it is already in circulation! Residents can acquire it at the local social bank, where the currency is purchased and then used in registered businesses. With Cacimba, it is possible to buy food, crafts and other items offered by local entrepreneurs. After the transactions, shopkeepers can exchange Cacimba for reais, keeping the economic cycle active in the region.
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The community fair and its impact on local commerce
The Vila Nova União community fair was the first place to adopt the new currency in SP. Small businesses, such as Salete, who sells cakes to order, embraced the idea and saw it as an opportunity to expand their businesses.I accept Cacimba because it is a social currency and has a very positive impact on the community. With this solidarity economy, everyone wins together,” said Salete.
Solidarity economy and strengthening the neighborhood
The creation of Cacimba is not just about money. It represents the community coming together to strengthen local commerce, preventing residents from having to spend money in other areas of the city. Juliana, one of the residents who started using the new currency in SP, said: “I thought the initiative was really cool. This way, we encourage people to consume here in the neighborhood.”
The idea is simple, but powerful: Instead of leaving the region to spend their reais, residents exchange them for Cacimba and boost the commerce of São Miguel Paulista. This benefits both local entrepreneurs and consumers..
Encouraging entrepreneurship with Cacimba
In addition to strengthening trade, The new currency in SP also plays a crucial role in encouraging entrepreneurship. The Cacimba Institute offers mentoring and support to small businesses, such as Su's restaurant, which develops vegan cookies.Since we started mentoring, our business has grown a lot. We needed guidance to know the right steps to take and now we are much more organized.”, explained Su, one of the 35 entrepreneurs who benefited from the initiative.
The future of Cacimba in Sao Paulo
With Cacimba starting to circulate, the expectation is that this new currency in SP will become an example of a solidary and sustainable economy. The idea is for more traders and residents to join the movement, strengthening local commerce and creating a network of mutual support.. Initiatives like this show that, with creativity and collaboration, it is possible to transform realities and strengthen entire communities.
The Well It's not just a currency, it's a symbol of resistance and collaboration. At a time when the economy is facing challenges, solutions like this highlight the power of the collective. The new currency in SP, with its spirit of solidarity, is beginning to take its first steps and already shows that it has the potential to make a difference in the daily lives of those who live and work in São Miguel Paulista.
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What did you think of this idea of the new currency in SP, waterhole? Do you think this type of initiative can really help local businesses and strengthen the community? Share your opinion in the comments!
