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 Ledama Masidza

Ledama Masidza is an emerging young Kenyan leader in marine conservation and community empowerment, fueled by an unwavering love for the ocean. Advocating for sustainability, Ledama drives transformative initiatives that champion community-led conservation and sustainable policies. Ledama Masidza spoke with...

Conversation with Alison Guzman

Alison Guzman is the Country Program Co-Director of MAPLE Microdevelopment Chile. As the co-director of a team based in Wallmapu (Mapuche Ancestral lands), they apply decolonizing methodologies, where indigenous local knowledge and local wisdom-based systems are prioritized to enhance an...

Conversation with Romain Vakilitabar

Romain Sepehr Vakilitabar is the founder of Pathos Labs, a non-profit laboratory focused on exploring ways in which entertainment and media can rewrite harmful narratives and change culture. One such project is PopShift, an initiative that convenes Hollywood’s leading TV...

Climate disasters hit poor people hardest. There’s an obvious solution to that

From Sigal Samuel / Vox: An effective way to help those most vulnerable to climate disasters is by providing just-in-time cash transfers right before a disaster hits for them to use as they see fit for resilience and climate change...

Conversation with Ana Rosa de Lima

Ana Rosa de Lima is the founder of Meli Bees Network gUG, a nonprofit driven by a new generation of climate activists from the Amazon. Her organization is dedicated to connecting Indigenous communities, researchers, and environmentally engaged groups around the...

Conversation with Dr. Neil Vora

Neil Vora, MD, is the senior advisor for One Health at Conservation International. He has also served for nearly a decade with the US Centers for Disease Control and Prevention (CDC), including as an Epidemic Intelligence Service officer and a...