How much money do I need for a Muktii system? Answer
How much of my time will a Muktii system take up? Answer
How can I trust that the money is being given to the right recipients if I do not
have a strong link to the community? Answer
Do you make any profit from the Muktii system? Answer
Do the Recipients feel as though they are receiving charity? Answer
What type of people will the Recipients be? Answer
Why should the Regulator be allowed to use the money once it has been repaid by the
How is the repayment schedule decided upon? Answer
Will the principal amount given through Muktii decrease in value? Answer
What if I want to change the amount that I distribute through Muktii? Answer
You can put as little or as much as you like into a Muktii system. For example;
with 100 GBP would be enough to help out around 4 people. It would cost around 25
GBP to buy a couple of small goats for one person. Over the course of a year, these
people can earn their livelihoods by selling the produce of these animals and repay
The next year, when the money is redistributed, another 4 people would benefit,
bringing the total to 8 people who have benefited. As you can see, even from a small
Muktii project, the number of beneficiaries will quickly grow. The benefit will
grow even faster if you choose to add more money to the project each year or develop
other Muktii projects as you gain confidence in the system and the Regulators that
you have in place.
Once your Muktii Project is set up, it does not take very long at all. Due to
the information that I have set out on this website, there is very little to do.
Realistically I spend about 20 hours a year dealing with Regulators and recipients.
This involves one meeting with the prospective Recipients and communicating periodically
with the Regulators.
Ask a Founder to ensure that the money is going to the right Recipients, all you
need to do is find your Regulator. If the Regulator is honest, trustworthy and
capable, they will then be able to find the prospective Recipients for you to choose
from. It is the Founder who makes the final decision based upon the Regulators
recommendations. For more details on how the Founder and Regulator relationship
works, please go to Guidelines for an Founder.
We do not make any profit from this system. I do not benefit from it in any way
as all monies go directly to the Recipients and are re-distributed at the end of
For the Recipients, Muktii is providing an interest free loan. It is not merely
aid. By having to repay the money, they are benefiting from it as though it was
charity, yet they are also becoming self-sufficient and keeping their dignity.
Recipients are poor people within the community that have the ambition to want
to improve their own lives. People that I have made Recipients have used the money
for purchasing livestock; rickshaws; grocery shops; and much more. Recipients can
take the loans as individuals or as a collective.
Although the primary purpose of The Muktii Project is to provide money for the
poor, in order to run this system without any of the costs of a charitable donation,
a Regulator is needed. By allowing the Regulator to use the money repaid by the
Recipients before it is redistributed, they are given an incentive to run the system
properly for the Instigator, avoiding all associated costs. A Regulator being allowed
to use the money for period will not decrease the amount available for the next
distribution of the money.
Each repayment schedule is individual and determined on a case by case basis.
The length and rate of repayment is for the Instigator to decide and they should
take into account the ability of each individual to repay within a given period.
For more details please see Guidelines for an Founder.
Due to inflation, the principal amount given through the system will be of less
value over a period of time, but it will never be decreased by administrative costs.
However much is given through Muktii, the figure will remain the same, and the
value of it can be replenished by the Founder making further donations if they wish
to compensate for the effects of inflation.
As Muktii is a system where the money is never used up (as the Recipients re-pay
the same amount that they borrowed), at the end of a loan term, the same initial
amount is available for the Founder to draw back from or add to the principal amount.
This allows for flexibility in the amount that is distributed through Muktii over
a long period.