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 Yara Tarabulsi

Yara Tarabulsi is a social anthropologist with experience in topics of gender justice, care, economic justice, migration and public policy. She has a Master’s degree from the University of Oxford and a Bachelor’s from the American University of Beirut. She...

Pay-What-You-Can Farm Stands Feed Communities Against Tough Odds

From Gabriel Pietrorazio / Civil Eats: Farm stands operating on sliding-scale and pay-what-you-can models are improving access to fresh, healthy food in communities battling poverty and food insecurity. In these models, residents who can afford to pay full price are...

The Surprising Lives of Germany’s ‘Basic Income’ Raffle Winners

From Marjolein Koster, Ties Gijzel / Reasons to Be Cheerful: A randomly selected group of lucky Germans are reaping the benefits of a guaranteed monthly income. An organization raffles off a year’s worth of guaranteed monthly income, allowing recipients to...

Car Free Day: Global health leaders join Kigali residents in ‘Africa Walks against Malaria’

From Frank Ntarindwa / The New Times: ‘Kigali’s “Car Free Day” not only boasts an increase in residents’ activity levels, it also creates a space for more knowledge and service sharing for health conditions including Malaria.’ Screenings for non-communicable diseases...

What one county agency is doing to keep its employees whole

From Cheryl Splain / Knox Pages: The Knox County Department of Job & Family Services has implemented a two-pronged approach to improve the wellbeing of employees. One addresses immediate needs through counseling and additional employee benefits and then a longer...

Conversation with Julia Hotz

Julia Hotz is a solutions journalist and author of THE CONNECTION CURE: The Prescriptive Power of Movement, Nature, Art, Service and Belonging, the first book chronicling the science, stories, and spread of social prescribing. Julia Hotz spoke with Ashley Hopkinson...