Mongolian nomads create shared funds and financial security

From Sarah Trent, Khaliun Bayartsogt / Devex: Herders in Mongolia have resorted to cooperative shared funds to keep their pastures afloat, a sign of a slow tilt towards greater collaboration and trust in the area. The shared funds act as a way for herders to borrow and lend money among themselves, helping local communities build financial security in a time when climate change is negatively impacting their pasture land.

Click here to read the original story.

Read other original stories covering financial security.

Issue Areas:

Community Food Systems, Community Wealth Building, Sustainable Farming

Impact Areas:

Creating New Economic Paradigms, Distributed Trust and Power, Redefining Institutions

Actors:

Farmers, Government, Nonprofit / NGO

Communities Served:

Communities Experiencing Economic Hardship, Farmers

Strategies:

Collective Action, Designing Culturally Specific Solutions, Easing Economic Burdens for Individuals, Increase Education / Insights Sharing

Success Factors:

Building Distribution Systems, Building Trust, Collective Action, Community Control and Ownership, Eliminating Barriers, Overcoming the Big Challenges, Using Creative Financing

Geographic Region:

Asia

Countries:

Mongolia

Date:

October 2, 2019

More Resources:

Conversation with Alexandra Quinn & Sue McCarron

Alexandra Quinn, CEO of Health Leads, has extensive experience in the non-profit and governmental sectors, focusing on equity, justice, education, and health. Her leadership builds on years of collaboration with healthcare systems, public health, and community partners nationwide. Health Leads...

Mongolian nomads create shared funds and financial security

From Sarah Trent, Khaliun Bayartsogt / Devex: Herders in Mongolia have resorted to cooperative shared funds to keep their pastures afloat, a sign of a slow tilt towards greater collaboration and trust in the area. The shared funds act as...

Africa’s natural capital can chart a new development model at Africa Climate Summit

From Saliem Fakir and Monique Atouguia / Mail & Guardian: An African Climate Summit was held looking at nature/natural resources centered conversations, where protecting the climate was upheld as a central necessity. Read the original story here. Read other stories...

Conversation with Erica Smiley

Erica Smiley is the executive director of Jobs With Justice. A long-time organizer and movement leader, Smiley has been spearheading strategic organizing and policy interventions for Jobs With Justice for nearly 15 years. Prior to taking up her current position...

Conversation with Sarah Baird

Sarah M. Baird is an advocate for sustainable energy solutions as a means to reduce global energy poverty and mitigate climate change. As the founder and Executive Director of Let There Be Light International (LTBLI), she partners with local community...

Conversation with Chuck Spong

Chuck Spong is the Executive Director of Love Out Loud, a collaborative organization that connects leaders, volunteers, and resources to align efforts and mobilize communities in their areas of passion and giftedness. Since 2012, Chuck has focused on fostering partnerships...