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 Eli Moore

Eli Moore is Director of the Community Power and Policy Partnerships Program (formerly the California Community Partnerships Program) at the Othering & Belonging Institute. Over the last twenty years, Eli has facilitated numerous participatory action research processes and published various...

It’s more than just cash’: Young Seoulites navigate future with city’s youth allowance program

From Lee Suh-yoon / The Korea Times: The Youth Allowance Program in Seoul gives lower to middle-class residents (aged 19 to 34) a monthly stipend of 500,000 won ($418) for up to six months to ease the financial burden of...

Conversation with Delana Finlayson

Delana Finlayson leads Urban Think Tank Empower, a South African non-profit dedicated to socio-economic transformation through multidisciplinary projects. Notably, the Empower Khayelitsha project pioneers housing innovation approaches by integrating affordability, sustainability, and community engagement. Delana Finlayson spoke with Ashley Hopkinson...

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 Donna Norton

Donna Norton is a founding member of MomsRising and serves as MomsRising’s Executive VP and Chief Advancement & Strategy Officer, helping to develop and drive the strategic direction of MomsRising’s agenda. Norton is an innovator and strategic manager with more...

Conversation with Rosalinda Natividad

Rosalinda Natividad is the Founder and CEO of Incite Network, which empowers change-makers along the U.S.-Mexico border by securing grant funding and supporting strategic planning for equitable community impact. She leads efforts to amplify the work of underfunded organizations, driving...